Cyber Insurance Market Size, Share, and Growth 2021-2022
Cyber Insurance Market: Strategic Insights
Cyber Insurance Market
-
CAGR (2023 - 2031)18.9% -
Market Size 2023
US$ 13.83 Billion -
Market Size 2031
US$ 55.48 Billion
Market Dynamics
GROWTH DRIVERS
- Increase in cyberattacks and data breaches
- Growing demand for cyber insurance policies
FUTURE TRENDS
- Adoption of AI in cyber risk assessments
- Growth in multi-policy cyber insurance packages
OPPORTUNITIES
- Growth in global insurance markets
- Increase in awareness and adoption of cyber insurance policies
Key Players
- The List of Companies
- The Hartford
- Beazley
- Zurich
- AXIS Capital Holdings
- Travelers
- AXA XL
- Hiscox
- Munich Re
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Component
- Solutions and Services
Type
- Standalone and Packaged
Coverage
- Data Breach and Cyber Liability
End User
- Healthcare
- Retail
- BFSI
- IT & Telecom
- Manufacturing