Authored By: Sarah
29 Oct 2023

Cyber Insurance Market forecasted to witness USD 42,812.64 Mn revenue growth through 2023 and 2027

The Cyber Insurance Market is estimated to grow at a CAGR of 35.92% between 2022 and 2027. The size of the market is forecast to increase by USD 42.81 Bn. 

Senior Analyst at Technavio quote ~ “Widespread adoption of technology and increased demand for cyber insurance will boost the market growth”

Browse Technavio's 160-page report and in-depth TOC on "Cyber Insurance Market by type (large enterprises and small and medium-sized enterprises), solution (standalone and packaged), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 3185.72 Million.

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Snapshot of Cyber Insurance Market Analysis

The cyber insurance market growth by the large enterprise segment will be significant during 2023-2027. By purchasing cyber insurance, large enterprises can help mitigate the financial impact of a cyber-attack and ensure that they have the resources they need to respond effectively. Such factors will drive the growth of the market during the forecast period. North America will contribute 57% of the growth rate during the forecast period. 

Some of the key Cyber Insurance Market companies are 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.

Technavio has been monitoring the Cyber Insurance Market's growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking along detailed profiling of the market leaders. Request for our best-selling sample report to discover more about this sector.

Key Elements Included in the Cyber Insurance Market Report: 

  • The Cyber Insurance Market report covers in-depth information about key vendors and their product offerings. 

  • The key drivers, trends and challenges, market opportunities, and the detailed market impact analysis 

  • Five force analysis to analyze the potential of buyers and suppliers and the competitive industry scenario. 

  • Cyber insurance industry across North America, Europe, APAC, South America, and the Middle East and Africa.

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