Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Cyber Insurance Market Size
The global cyber insurance market size attained a value of approximately USD 12.79 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 24.2%, reaching a value of around USD 89.96 billion by 2032.
An increase in mandatory cybersecurity regulations and laws regarding cybersecurity is driving the market growth for cyber insurance. In recent years, the market for cyber insurance has experienced tremendous growth as a result of increasing demand for cyber insurance products due to increasing risks of cyberattacks on public safety, economic prosperity, and government cyber security. Additional factors expanding the cyber insurance market share include rising awareness of business interruption (BI) cyber risks and an increase in the number of laws that are becoming obligatory for data protection in a variety of end-user industries, including banking, healthcare, and others. Organisations are more vulnerable to cyber-attacks and data breaches as more electronic devices are used to hold data. The necessity to recoup costs, resume core operations, and stabilise the company is a key factor positively affecting the market for cyber insurance.
Cyber Insurance Market Report Snapshots
Cyber Insurance Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
In 2023, the global market for cyber insurance attained a value of approximately USD 12.79 billion.
The market is projected to grow at a CAGR of 24.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 89.96 billion by 2032.
The major drivers of the market include increasing demand for cyber insurance policies, rising prevalence of cyber-attacks, and increase in adoption of cyber insurance products.
The key cyber insurance market trends include increasing awareness of cyber threats among high-level managers, growing number of mandatory legislations for data security, and rising investments in cyber insurance by small and medium enterprises.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant company sizes in the market for cyber insurance are small and medium enterprises and large enterprises.
The various applications of cyber insurance in the market include BFSI, healthcare, IT and telecom, and retail, among others.
The major players in the market, according to the report, are AON Plc, American International Group, Inc., Allianz Global Corporate and Specialty SE, Berkshire Hathaway Speciality Insurance Co., Lockton Companies Inc., Chubb Group Holdings Inc., Munich Re, Xl Catlin Insurance Co. UK Ltd., Zurich Insurance Co. Ltd., and The Hanover Insurance Group, among others.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124