Europe Cybersecurity Insurance Market Size, Share & Industry Trends Analysis Report By Component, By Insurance Coverage, By Insurance Type, By Organization Size, By End User, By Country and Growth Forecast, 2022 - 2028

Europe Cybersecurity Insurance Market Size, Share & Industry Trends Analysis Report By Component, By Insurance Coverage, By Insurance Type, By Organization Size, By End User, By Country and Growth Forecast, 2022 - 2028

The Europe Cybersecurity Insurance Market would witness market growth of 17.9% CAGR during the forecast period (2022-2028).

Business depends on internet media, cybercrime is a real problem. Security is always the top priority for every firm. Users may require cybersecurity insurance coverage to safeguard themselves against online crimes such as website hacking and data breaches. If a company is attacked, buying insurance is usually less expensive than paying for backup services and recovery operations out of pocket. In addition, while a typical company liability policy might not cover damages brought on by data breaches, the majority of cybersecurity plans do.

Computers are crucial to the completion of crucial business functions for many businesses, which is why they require cyber insurance. Business owners might have to rely on other insurance plans that aren't sufficient or pay significant damages out of pocket if they don't have cybersecurity insurance. Many firms purchase cybersecurity insurance so that any losses caused by security breaches will be compensated by a third party and their financial risk is minimized.

The Network and Information Systems (NIS) Security Directive, in effect since 2016, establishes minimum standards to guarantee improved protection of vital facilities in the European Union. The NIS Directive lays out fundamental guidelines for strategic cooperation and the development of a common minimum capacity for the Member States. It also instructs operators of vital services and digital service stakeholders to ensure sure they follow fundamental standards for security. Operators of both groups are required to take organizational and technical precautions for risk management, prevent and lessen the effects of security incidents, and inform occurrences that have a substantial impact on the sustainability of the important services they provide without excessive delay.

The Germany market dominated the Europe Cybersecurity Insurance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,086.5 million by 2028. The UK market is anticipated to grow at a CAGR of 16.9% during (2022 - 2028). Additionally, The France market would display a CAGR of 18.8% during (2022 - 2028).

Based on Component, the market is segmented into Solution (Analytics Platform, Disaster Recovery & Business Continuity, and Cybersecurity Solution) and Services. Based on Insurance Coverage, the market is segmented into Cyber Liability and Data Breach. Based on Insurance Type, the market is segmented into Packaged and Standalone. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on End User, the market is segmented into Technology Provider (Insurance Companies, Third-party Administrators, Brokers, & Consultancies, and Government Agencies) and Insurance Provider (Financial Services, Retail & Consumer Goods, Telecom & IT, Travel, Tourism, & Hospitality, Healthcare & Life Sciences, and Others). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Microsoft Corporation, Check Point Software Technologies Ltd., Accenture PLC, FireEye, Inc., SentinelOne, Inc., UpGuard, Inc., CYE (Cyesec Ltd.), BlackBerry Limited (CYLANCE), and BitSight Technologies, Inc.

Scope of the Study

Market Segments covered in the Report:

By Component

  • Solution
Analytics Platform

Disaster Recovery & Business Continuity

Cybersecurity Solution
  • Services
By Insurance Coverage
  • Cyber Liability
  • Data Breach
By Insurance Type
  • Packaged
  • Standalone
By Organization Size
  • Large Enterprises
  • Small & Medium Enterprises (SMEs)
By End User
  • Technology Provider
Insurance Companies

Third-party Administrators, Brokers, & Consultancies

Government Agencies
  • Insurance Provider
Financial Services

Retail & Consumer Goods

Telecom & IT

Travel, Tourism, & Hospitality

Healthcare & Life Sciences

Others

By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Companies Profiled
  • Cisco Systems, Inc.
  • Microsoft Corporation
  • Check Point Software Technologies Ltd.
  • Accenture PLC
  • FireEye, Inc.
  • SentinelOne, Inc.
  • UpGuard, Inc.
  • CYE (Cyesec Ltd.)
  • BlackBerry Limited (CYLANCE)
  • BitSight Technologies, Inc.
Unique Offerings from KBV Research
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  • Highest number of market tables and figures
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  • Assured post sales research support with 10% customization free


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Cybersecurity Insurance Market, by Component
1.4.2 Europe Cybersecurity Insurance Market, by Insurance Coverage
1.4.3 Europe Cybersecurity Insurance Market, by Insurance Type
1.4.4 Europe Cybersecurity Insurance Market, by Organization Size
1.4.5 Europe Cybersecurity Insurance Market, by End User
1.4.6 Europe Cybersecurity Insurance Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2018, Feb – 2022, Apr) Leading Players
Chapter 4. Europe Cybersecurity Insurance Market by Component
4.1 Europe Solution Market by Country
4.2 Europe Cybersecurity Insurance Market by Solution Type
4.2.1 Europe Analytics Platform Market by Country
4.2.2 Europe Disaster Recovery & Business Continuity Market by Country
4.2.3 Europe Cybersecurity Solution Market by Country
4.3 Europe Services Market by Country
Chapter 5. Europe Cybersecurity Insurance Market by Insurance Coverage
5.1 Europe Cyber Liability Market by Country
5.2 Europe Data Breach Market by Country
Chapter 6. Europe Cybersecurity Insurance Market by Insurance Type
6.1 Europe Packaged Market by Country
6.2 Europe Standalone Market by Country
Chapter 7. Europe Cybersecurity Insurance Market by Organization Size
7.1 Europe Large Enterprises Market by Country
7.2 Europe Small & Medium Enterprises (SMEs) Market by Country
Chapter 8. Europe Cybersecurity Insurance Market by End User
8.1 Europe Technology Provider Market by Country
8.2 Europe Cybersecurity Insurance Market by Technology Provider Type
8.2.1 Europe Insurance Companies Market by Country
8.2.2 Europe Third-party Administrators, Brokers, & Consultancies Market by Country
8.2.3 Europe Government Agencies Market by Country
8.3 Europe Insurance Provider Market by Country
8.4 Europe Cybersecurity Insurance Market by Insurance Provider Type
8.4.1 Europe Financial Services Market by Country
8.4.2 Europe Retail & Consumer Goods Market by Country
8.4.3 Europe Telecom & IT Market by Country
8.4.4 Europe Travel, Tourism, & Hospitality Market by Country
8.4.5 Europe Healthcare & Life Sciences Market by Country
8.4.6 Europe Others Market by Country
Chapter 9. Europe Cybersecurity Insurance Market by Country
9.1 Germany Cybersecurity Insurance Market
9.1.1 Germany Cybersecurity Insurance Market by Component
9.1.1.1 Germany Cybersecurity Insurance Market by Solution Type
9.1.2 Germany Cybersecurity Insurance Market by Insurance Coverage
9.1.3 Germany Cybersecurity Insurance Market by Insurance Type
9.1.4 Germany Cybersecurity Insurance Market by Organization Size
9.1.5 Germany Cybersecurity Insurance Market by End User
9.1.5.1 Germany Cybersecurity Insurance Market by Technology Provider Type
9.1.5.2 Germany Cybersecurity Insurance Market by Insurance Provider Type
9.2 UK Cybersecurity Insurance Market
9.2.1 UK Cybersecurity Insurance Market by Component
9.2.1.1 UK Cybersecurity Insurance Market by Solution Type
9.2.2 UK Cybersecurity Insurance Market by Insurance Coverage
9.2.3 UK Cybersecurity Insurance Market by Insurance Type
9.2.4 UK Cybersecurity Insurance Market by Organization Size
9.2.5 UK Cybersecurity Insurance Market by End User
9.2.5.1 UK Cybersecurity Insurance Market by Technology Provider Type
9.2.5.2 UK Cybersecurity Insurance Market by Insurance Provider Type
9.3 France Cybersecurity Insurance Market
9.3.1 France Cybersecurity Insurance Market by Component
9.3.1.1 France Cybersecurity Insurance Market by Solution Type
9.3.2 France Cybersecurity Insurance Market by Insurance Coverage
9.3.3 France Cybersecurity Insurance Market by Insurance Type
9.3.4 France Cybersecurity Insurance Market by Organization Size
9.3.5 France Cybersecurity Insurance Market by End User
9.3.5.1 France Cybersecurity Insurance Market by Technology Provider Type
9.3.5.2 France Cybersecurity Insurance Market by Insurance Provider Type
9.4 Russia Cybersecurity Insurance Market
9.4.1 Russia Cybersecurity Insurance Market by Component
9.4.1.1 Russia Cybersecurity Insurance Market by Solution Type
9.4.2 Russia Cybersecurity Insurance Market by Insurance Coverage
9.4.3 Russia Cybersecurity Insurance Market by Insurance Type
9.4.4 Russia Cybersecurity Insurance Market by Organization Size
9.4.5 Russia Cybersecurity Insurance Market by End User
9.4.5.1 Russia Cybersecurity Insurance Market by Technology Provider Type
9.4.5.2 Russia Cybersecurity Insurance Market by Insurance Provider Type
9.5 Spain Cybersecurity Insurance Market
9.5.1 Spain Cybersecurity Insurance Market by Component
9.5.1.1 Spain Cybersecurity Insurance Market by Solution Type
9.5.2 Spain Cybersecurity Insurance Market by Insurance Coverage
9.5.3 Spain Cybersecurity Insurance Market by Insurance Type
9.5.4 Spain Cybersecurity Insurance Market by Organization Size
9.5.5 Spain Cybersecurity Insurance Market by End User
9.5.5.1 Spain Cybersecurity Insurance Market by Technology Provider Type
9.5.5.2 Spain Cybersecurity Insurance Market by Insurance Provider Type
9.6 Italy Cybersecurity Insurance Market
9.6.1 Italy Cybersecurity Insurance Market by Component
9.6.1.1 Italy Cybersecurity Insurance Market by Solution Type
9.6.2 Italy Cybersecurity Insurance Market by Insurance Coverage
9.6.3 Italy Cybersecurity Insurance Market by Insurance Type
9.6.4 Italy Cybersecurity Insurance Market by Organization Size
9.6.5 Italy Cybersecurity Insurance Market by End User
9.6.5.1 Italy Cybersecurity Insurance Market by Technology Provider Type
9.6.5.2 Italy Cybersecurity Insurance Market by Insurance Provider Type
9.7 Rest of Europe Cybersecurity Insurance Market
9.7.1 Rest of Europe Cybersecurity Insurance Market by Component
9.7.1.1 Rest of Europe Cybersecurity Insurance Market by Solution Type
9.7.2 Rest of Europe Cybersecurity Insurance Market by Insurance Coverage
9.7.3 Rest of Europe Cybersecurity Insurance Market by Insurance Type
9.7.4 Rest of Europe Cybersecurity Insurance Market by Organization Size
9.7.5 Rest of Europe Cybersecurity Insurance Market by End User
9.7.5.1 Rest of Europe Cybersecurity Insurance Market by Technology Provider Type
9.7.5.2 Rest of Europe Cybersecurity Insurance Market by Insurance Provider Type
Chapter 10. Company Profiles
10.1 Cisco Systems, Inc.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Product Launches and Product Expansions:
10.1.5.3 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Microsoft Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 Check Point Software Technologies Ltd.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Product Launches and Product Expansions:
10.4 Accenture PLC
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.5.2 Acquisition and Mergers:
10.5 FireEye, Inc.
10.5.1 Company Overview
10.6 SentinelOne, Inc.
10.6.1 Company Overview
10.6.2 Recent strategies and developments:
10.6.2.1 Partnerships, Collaborations, and Agreements:
10.7 UpGuard, Inc.
10.7.1 Company Overview
10.8 CYE (Cyesec Ltd.)
10.8.1 Company Overview
10.9 BlackBerry Limited (CYLANCE)
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research and Development Expense
10.10. BitSight Technologies, Inc.
10.10.1 Company Overview
10.10.2 Recent strategies and developments:
10.10.2.1 Partnerships, Collaborations, and Agreements:

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