The global demand for Cybersecurity Insurance Market is presumed to reach the market size of nearly USD 75.77 BN by 2030 from USD 12.92 BN in 2022 with a CAGR of 21.72% under the study period 2023 - 2030.
Cybersecurity insurance is becoming more of a must-have for businesses. Cybersecurity insurance covers a business's cyber liabilities post attacks, including fine charges, compliances, hardware and software repairs, third-party compensation, and others.
MARKET DYNAMICS:
The usage of social media platforms is rising leading to an easy access to personal information via the internet which have prompted cybercriminals to commit crimes involving the sale of personal information such as credit card numbers, IDs, medical records, and more on the dark web. As a result, it has contributed to an increase in the market's demand for cybersecurity insurance. Moreover, regulations for cyber insurance are expected to grow in the coming years, as a growing number of regulatory bodies will require a higher standard of information to gather and report on cybercrimes. SMEs are majorly adopting cybersecurity insurance solutions and services to secure from cyberattacks due to the growing instances of fraud. Furthermore, with effective government regulations and technological advancements, cybersecurity insurance is witnessing high growth opportunities in this region. The major factors fueling the market include the growing sophistication of cyber-attacks amplifying the fear of financial losses and the increasing need for compliance with various upcoming regulations. However, the higher cost of cybersecurity insurance is one of the major factors hampering the growth of the cybersecurity insurance market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cybersecurity insurance. The growth and trends of cybersecurity insurance industry provide a holistic approach to this study.
MARKET SEGMENTATION:
This section of the cybersecurity insurance market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
Cybersecurity Insurance Solutions (Cybersecurity Insurance Analytics Platform, Disaster Recovery And Business Continuity, Other Cybersecurity Solution)
Cybersecurity Insurance Services (Consulting/ Advisory, Security Awareness Training, Others (Infrastructure Services, Implementation, And Support And Maintenance)
By Insurance Coverage
Cybersecurity Insurance For Data Breach
Cybersecurity Insurance For Data Loss (Denial Of Service And Down-Time, Ransomware Attacks, Others (Third Party Data, Business Disruption, And Social Engineering)
Cybersecurity Liability (Type, Source/Target)
By Insurance Type
Packaged Cybersecurity Insurance
Stand-Alone Cybersecurity Insurance
By Organization Size
Cybersecurity Insurance For Large Enterprises
Cybersecurity Insurance For SMEs
By End User
Cybersecurity Insurance For Technology Providers
Cybersecurity Insurance For Insurance Providers
REGIONAL ANALYSIS:
This section covers the regional outlook, which accentuates current and future demand for the Cybersecurity Insurance market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Cybersecurity Insurance market include BitSight, Prevalent, RedSeal, SecurityScorecard, Cyber Indemnity Solutions, Allianz, AIG, Aon, Arthur J. Gallagher & Co, Travelers Insurance, AXA XL, Axis. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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3.7.2 Market Attractiveness Analysis By Insurance Coverage
3.7.3 Market Attractiveness Analysis By Insurance Type
3.7.4 Market Attractiveness Analysis By Organization Size
3.7.5 Market Attractiveness Analysis By End User
3.7.6 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5. IMPACT ANALYSIS OF COVID-19 OUTBREAK
6 . GLOBAL CYBERSECURITY INSURANCE MARKET ANALYSIS BY COMPONENT
6.1 Overview by Component
6.2 Historical and Forecast Data
6.3 Analysis by Component
6.4 Cybersecurity Insurance Solutions (Cybersecurity Insurance Analytics Platform, Disaster Recovery And Business Continuity, Other Cybersecurity Solution) Historic and Forecast Sales by Regions
6.5 Cybersecurity Insurance Services (Consulting/ Advisory, Security awareness training, Others (infrastructure services, implementation, And support And maintenance) Historic and Forecast Sales by Regions
7 . GLOBAL CYBERSECURITY INSURANCE MARKET ANALYSIS BY INSURANCE COVERAGE
7.1 Overview by Insurance Coverage
7.2 Historical and Forecast Data
7.3 Analysis by Insurance Coverage
7.4 Cybersecurity Insurance For Data Breach Historic and Forecast Sales by Regions
7.5 Cybersecurity Insurance For Data Loss (Denial of Service And Down-time, Ransomware Attacks, Others (third party Data, business disruption, And social engineering) Historic and Forecast Sales by Regions
7.6 Cybersecurity Liability (Type, Source/Target) Historic and Forecast Sales by Regions
8 . GLOBAL CYBERSECURITY INSURANCE MARKET ANALYSIS BY INSURANCE TYPE
8.1 Overview by Insurance Type
8.2 Historical and Forecast Data
8.3 Analysis by Insurance Type
8.4 Packaged Cybersecurity Insurance Historic and Forecast Sales by Regions
8.5 Stand-alone Cybersecurity Insurance Historic and Forecast Sales by Regions
9 . GLOBAL CYBERSECURITY INSURANCE MARKET ANALYSIS BY ORGANIZATION SIZE
9.1 Overview by Organization Size
9.2 Historical and Forecast Data
9.3 Analysis by Organization Size
9.4 Cybersecurity Insurance For Large Enterprises Historic and Forecast Sales by Regions
9.5 Cybersecurity Insurance For SMEs Historic and Forecast Sales by Regions
10 . GLOBAL CYBERSECURITY INSURANCE MARKET ANALYSIS BY END USER
10.1 Overview by End User
10.2 Historical and Forecast Data
10.3 Analysis by End User
10.4 Cybersecurity Insurance For Technology Providers Historic and Forecast Sales by Regions
10.5 Cybersecurity Insurance For Insurance Providers Historic and Forecast Sales by Regions
11 . GLOBAL CYBERSECURITY INSURANCE MARKET ANALYSIS BY GEOGRAPHY
11.1. Top Company Share Analysis
11.2. Introduction
11.3. North America Sales Analysis
11.3.1. Overview, Historic and Forecast Sales Analysis
11.3.2. North America By Segment Sales Analysis
11.3.3. North America By Country Sales Analysis
11.3.4. United State Sales Analysis
11.3.5. Canada Sales Analysis
11.3.6. Mexico Sales Analysis
11.4. Europe Sales Analysis
11.4.1. Overview, Historic and Forecast Sales Analysis
11.4.2. Europe by Segment Sales Analysis
11.4.3. Europe by Country Sales Analysis
11.4.4. United Kingdom Sales Analysis
11.4.5. France Sales Analysis
11.4.6. Germany Sales Analysis
11.4.7. Italy Sales Analysis
11.4.8. Russia Sales Analysis
11.4.9. Rest Of Europe Sales Analysis
11.5. Asia Pacific Sales Analysis
11.5.1. Overview, Historic and Forecast Sales Analysis
11.5.2. Asia Pacific by Segment Sales Analysis
11.5.3. Asia Pacific by Country Sales Analysis
11.5.4. China Sales Analysis
11.5.5. India Sales Analysis
11.5.6. Japan Sales Analysis
11.5.7. South Korea Sales Analysis
11.5.8. Australia Sales Analysis
11.5.9. Rest Of Asia Pacific Sales Analysis
11.6. Latin America Sales Analysis
11.6.1. Overview, Historic and Forecast Sales Analysis
11.6.2. Latin America by Segment Sales Analysis
11.6.3. Latin America by Country Sales Analysis
11.6.4. Brazil Sales Analysis
11.6.5. Argentina Sales Analysis
11.6.6. Peru Sales Analysis
11.6.7. Chile Sales Analysis
11.6.8. Rest of Latin America Sales Analysis
11.7. Middle East & Africa Sales Analysis
11.7.1. Overview, Historic and Forecast Sales Analysis
11.7.2. Middle East & Africa by Segment Sales Analysis
11.7.3. Middle East & Africa by Country Sales Analysis
11.7.4. Saudi Arabia Sales Analysis
11.7.5. UAE Sales Analysis
11.7.6. Israel Sales Analysis
11.7.7. South Africa Sales Analysis
11.7.8. Rest Of Middle East And Africa Sales Analysis
12 . COMPETITIVE LANDSCAPE OF THE CYBERSECURITY INSURANCE COMPANIES
12.1. Cybersecurity Insurance Market Competition
12.2. Partnership/Collaboration/Agreement
12.3. Merger And Acquisitions
12.4. New Product Launch
12.5. Other Developments
13 . COMPANY PROFILES OF CYBERSECURITY INSURANCE INDUSTRY
13.1. Company Share Analysis
13.2. Market Concentration Rate
13.3. BitSight
13.3.1. Company Overview
13.3.2. Company Revenue
13.3.3. Products
13.3.4. Recent Developments
13.4. Prevalent
13.4.1. Company Overview
13.4.2. Company Revenue
13.4.3. Products
13.4.4. Recent Developments
13.5. RedSeal
13.5.1. Company Overview
13.5.2. Company Revenue
13.5.3. Products
13.5.4. Recent Developments
13.6. SecurityScorecard
13.6.1. Company Overview
13.6.2. Company Revenue
13.6.3. Products
13.6.4. Recent Developments
13.7. Cyber Indemnity Solutions
13.7.1. Company Overview
13.7.2. Company Revenue
13.7.3. Products
13.7.4. Recent Developments
13.8. Allianz
13.8.1. Company Overview
13.8.2. Company Revenue
13.8.3. Products
13.8.4. Recent Developments
13.9. AIG
13.9.1. Company Overview
13.9.2. Company Revenue
13.9.3. Products
13.9.4. Recent Developments
13.10. Aon
13.10.1. Company Overview
13.10.2. Company Revenue
13.10.3. Products
13.10.4. Recent Developments
13.11. Arthur J. Gallagher & Co
13.11.1. Company Overview
13.11.2. Company Revenue
13.11.3. Products
13.11.4. Recent Developments
13.12. Travelers Insurance
13.12.1. Company Overview
13.12.2. Company Revenue
13.12.3. Products
13.12.4. Recent Developments
13.13. AXA XL
13.13.1. Company Overview
13.13.2. Company Revenue
13.13.3. Products
13.13.4. Recent Developments
13.14. Axis
13.14.1. Company Overview
13.14.2. Company Revenue
13.14.3. Products
13.14.4. Recent Developments
Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies