Brand Story
08 Dec 2022, 02:59 GMT+10
According to a recent Future Market Insights report, the cybersecurity insurance market is expected to reach US$ 11.5 Billion in 2022, registering a CAGR of 18.2% from 2022 to 2032. Growing security threats and financial losses are expected to push the market for cybersecurity insurance to US$ 61.2 Billion by the end of 2032.
Business owners regularly purchase insurance policies in order to keep themselves protected from a variety of unforeseen circumstances, such as natural disasters as well as lawsuits brought by unhappy customers. Business is implementing insurance policies in response to the rising risk of data breaches and cybersecurity risks. The insurance type segment is expected to be dominated by standalone insurances during the forecast period.
As businesses embark on their digital journey they face new opportunities and threats in the market. In addition, companies are being held to a higher standard of governance. Moreover, society as a whole is struggling to combat the rising impact of cyber incidents, such as ransomware, which is gaining traction.
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Key Takeaways:
Competitive Landscape
With the growth of cloud-based technologies and the adoption of cloud-based storage systems, the market is projected to grow in the future. Strategic partnerships can provide a company with the potential to expand its operational capabilities. Insurers provide smart and dynamic policies that can help recover a company's financial losses in the market.
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More Valuable Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the global cybersecurity insurance market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.
Key Segments Covered In The Cybersecurity Insurance Market
By Component:
By Insurance Coverage:
By Insurance Type:
By Organization Size:
By End User:
By Region:
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Explore Other Related Reports Links From Technology Market
RevOps Platform Market Demand - The global revenue operations (RevOps) platform market size totaled ~US$ 2,750.4 Mn in 2021. The market is expected to reach ~US$ 15,277.7 Mn by the end of 2032.
Cloud Firewalls Market Share - The cloud firewalls market is projected to grow at a CAGR of 16.7% during the forecast period. By 2032, the market is expected to reach a valuation of US$ 10.4 billion, and as of 2022, the market holds a valuation of US$ 2.2 billion.
DevSecOps Market Growth - The global DevSecOps market revenue totalled US$ 3,753.7 Mn in 2021 and it is likely to reach US$ 4,373.4 Mn in 2022. Furthermore, with growing adoption across industries such as BFSI, healthcare and manufacturing, the overall demand for DevSecOps is slated to grow at 17.6% CAGR between 2022 and 2032, totalling a valuation of US$ 22,077.4 Mn by 2032.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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