According to market research report on "Cybersecurity Insurance Market (with COVID-19 Impact Analysis) byComponent (Solutions (Analytics & Cybersecurity) and Services), Type(Standalone & Packaged), Coverage (Data Breach & CybersecurityLiability), Organization Size, End User (Technology & Insurance), andRegion - Global Forecast to 2025", published byMarketsandMarkets™, the CybersecurityInsurance Market size in the post-COVID-19 scenario isprojected to grow from USD 7.8 billion in 2020 to USD 20.4 billion by 2025, ata CAGR of 21.2% during the forecast period. The major factors driving themarket include the increasing number of security breaches and cyberattacksresulting in huge financial losses, and stringent government regulationstowards adoption of cybersecurity insurance policies.
Browse and in-depth TOC on“Cybersecurity Insurance Market”
193 – Tables
82 - Figures
290 - Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=47709373
By organization size, the large enterprise segment to lead themarket in 2020
Large enterprises are organizations that have more than 1,000employees. These organizations invest heavily in advanced technologies forincreasing overall productivity and efficiency. Large enterprises are widelyopting cybersecurity insurance solutions and are expected to investsignificantly in advanced cybersecurity insurance solutions to provide optimumsecurity to their enterprises’ intense competitive environment.
Large enterprises have adopted cybersecurity insurancesolutions, as they use a large number of cloud and Internet of Things(IoT)-based applications that are highly susceptible to cyberattacks. Moreover,stringent regulatory pressure is driving cybersecurity risk awareness with theneed for cybersecurity insurance solutions. For example, in the US, CCPA is oneof the toughest data privacy law.
Get SpecialPricing on Bundle Reports:
https://www.marketsandmarkets.com/RequestBundleReport.asp?id=47709373
North America is expected to hold the largest market size during the forecastperiod.
North American has sustainable and well-established economies,which empower it to invest significantly in Research and Development (R&D)activities, thereby contributing to the development of new technologies in thecybersecurity insurance market. The presence of majority of key players in thecybersecurity insurance market is expected to be the major factor driving thegrowth of the market in this region. Key players, such as BitsSightTechnologies, Prevalent, RedSeal, SecurityScorecard, Cisco, Microsoft, UpGuard,FireEye, among others along with several start-ups such as At-Bay, Cybernance,Coalition, Arceo.ai, Zeguro, etc. in the region offer immense opportunity forthe growth of cybersecurity insurance solutions and services.
Market Players
The technology vendors covered in the Cybersecurity Insurance Market report include BitSight (US),Prevalent (US), RedSeal (US), SecurityScorecard (US), Cyber Indemnity Solutions(Australia), Cisco (US), UpGuard (US), Microsoft (US), Check Point (US),AttackIQ (US), SentinelOne (US), Broadcom (US), Accenture (Ireland), KennaSecurity (US), Cylance (US), FireEye (US), CyberArk (US), CYE (Israel), SecurIT360(US), and Founder Shield (US). The insurance vendors covered in thecybersecurity insurance market are Allianz (Germany), AIG (US), Aon (UK),Arthur J. Gallagher & Co (US), Travelers Insurance (US), AXA XL (US), AXISCapital (Bermuda), Beazley (UK), Chubb (Switzerland), CNA Financial (US),Fairfax Financial (Canada), Liberty Mutual (US), Lloyd’s of London (UK),Lockton (US), Munich Re Group (Germany), and Sompo International (Bermuda). Thestartup vendors covered in the cybersecurity insurance market are At-Bay (US),Cybernance (US), CyberCube (US), Coalition (US), Arceo.ai (US), Kovrr (Israel),Sayata Labs (Israel), Zeguro (US), RiskSense (US), Cyence (US), SafeBreach(US), and Cronus Cyber Technologies (Israel). These players have adoptedvarious growth strategies, such as partnerships, agreements and collaborations,new product launches and product enhancements, and acquisitions to expand theirfootprint in the cybersecurity insurance market.
Get 10%Customization Research Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=47709373
About MarketsandMarkets™
MarketsandMarkets™ providesquantified B2B research on 30,000 high growth niche opportunities/threats whichwill impact 70% to 80% of worldwide companies’ revenues. Currently servicing7500 customers worldwide including 80% of global Fortune 1000 companies asclients. Almost 75,000 top officers across eight industries worldwide approachMarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEsat MarketsandMarkets™ are tracking global high growth markets following the"Growth Engagement Model – GEM". The GEM aims at proactivecollaboration with the clients to identify new opportunities, identify mostimportant customers, write "Attack, avoid and defend" strategies,identify sources of incremental revenues for both the company and itscompetitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants(Positioning top players across leaders, emerging companies, innovators,strategic players) annually in high growth emerging segments.MarketsandMarkets™ is determined to benefit more than 10,000 companies thisyear for their revenue planning and help them take theirinnovations/disruptions early to the market by providing them research ahead ofthe curve.
MarketsandMarkets’s flagshipcompetitive intelligence and market research platform, "KnowledgeStore" connects over 200,000 markets and entire value chains for deeperunderstanding of the unmet insights along with market sizing and forecasts ofniche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/cyber-insurance.asp
Report: https://www.marketsandmarkets.com/Market-Reports/cyber-insurance-market-47709373.html
