Global Cyber Insurance Market 2023-2027

Global Cyber Insurance Market 2023-2027

Technavio has been monitoring the cyber insurance market and is forecast to grow by $42812.64 mn during 2022-2027, accelerating at a CAGR of 35.92% during the forecast period. Our report on the cyber insurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by adoption of technology, growing awareness among businesses and individuals, and governments initiatives to promote cyber insurance.

Technavio's cyber insurance market is segmented as below:

By Type

• Large enterprises
• Small and medium-sized enterprises

By Solution

• Standalone
• Packaged

By Geography

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the increased demand for cyber insurance as one of the prime reasons driving the cyber insurance market growth during the next few years. Also, the expansion of coverages and the emergence of new players will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the cyber insurance market covers the following areas:

• Cyber insurance market sizing
• Cyber insurance market forecast
• Cyber insurance market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cyber insurance market vendors that include American International Group Inc., Aon plc, Apple Inc., At Bay Inc., AXA Group, Axis Capital Holdings Ltd., BCS Financial Corp., Beazley Plc, BitSight Technologies Inc., Cisco Systems Inc., CNA Financial Corp., Guy Carpenter and Company LLC, Lloyds Banking Group Plc, Lockton Companies, SecurityScorecard Inc., Tata Consultancy Services Ltd., The Hanover Insurance Group Inc., The Travelers Co. Inc., Zurich Insurance Co. Ltd., and Chubb Ltd. Also, the cyber insurance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.