Cybersecurity Insurance Market Expected to Earn $ 20.4 Billion by 2025

Northbrook, IL – (SBWIRE) – 05/27/2021 – According to a new market research report “Cybersecurity Insurance Market (with COVID-19 Impact Analysis) by Component (Solutions (Analytics & Cybersecurity) and Services), Type (Standalone & Packaged), Coverage (Data Breach & Cybersecurity Liability) Organization Size, End User (Technology and Insurance) and Region – Global Forecast to 2025 “Published by MarketsandMarkets ™, the market size in the post-COVID-19 scenario is expected to increase from 7.8 billion USD in 2020 at 20.4 billion USD by 2025, at a CAGR of 21.2% over the forecast period. The major factors driving the market include the growing number of security breaches and cyber attacks resulting in huge financial losses, and strict government regulations in favor of adopting cybersecurity insurance policies.

Browse the detailed table of contents on “Cyber ​​Security Insurance Market (with COVID-19 Impact Analysis)”
193- Tables
82- Figures
290 pages

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By organization size, the large enterprise segment will lead the market in 2020

Large companies are organizations with more than 1,000 employees. These organizations invest heavily in advanced technologies to increase overall productivity and efficiency. Large enterprises are widely opting for cybersecurity assurance solutions and should invest significantly in advanced cybersecurity assurance solutions in order to provide optimal security to the intense competitive environment of their businesses.

Large enterprises have adopted cybersecurity assurance solutions because they use a large number of cloud and Internet of Things (IoT) based applications which are very susceptible to cyber attacks. Additionally, strict regulatory pressure is boosting cybersecurity risk awareness with the need for cybersecurity assurance solutions. For example, in the United States, the CCPA is one of the strictest data protection laws.

North America is expected to hold the largest market size during the forecast period.

North America has sustainable and well-established economies, which allow it to invest significantly in research and development (R&D) activities, thus contributing to the development of new technologies in the cybersecurity insurance market. The presence of the majority of key players in the cybersecurity insurance market is expected to be the major market growth driver in this region. Key players, such as BitsSight Technologies, Prevalent, RedSeal, SecurityScorecard, Cisco, Microsoft, UpGuard, FireEye, among others with several start-ups such as At the bay, Cybernance, Coalition, Arceo.ai, Zeguro, etc. in the region offer immense opportunities for the growth of cybersecurity insurance solutions and services.

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Market players

Technology vendors covered in the Cyber ​​Security Insurance Market report include BitSight (United States), prevail (United States), RedSeal (WE), SecurityScorecard (United States), Cyber ​​Indemnity Solutions (Australia), Cisco (WE), UpGuard (US), Microsoft (US), Check Point (US), AttackIQ (US), SentinelOne (United States), Broadcom (United States), Accenture (Ireland), Kenna Security (United States), Cylance (WE), FireEye (WE), CyberArk (United States), CYE (Israel), SecurIT360 (United States) and Founder Shield (United States). Insurance providers covered in the cybersecurity insurance market are Allianz (Germany), AIG (United States), Aon (UK), Arthur J. Gallagher & Co (WE), Travel insurance (WE), AXA XL (United States), AXIS Capital (Bermuda), Beazley (UK), Chubb (Switzerland), CNA Financial (WE), Fairfax Financial (Canada), Liberty Mutual (United States), Lloyd’s of London (UK), Lockton (United States), Munich Re Group (Germany), and Sompo International (Bermuda). Start-up vendors covered in the cybersecurity insurance market are At the bay (US), Cybernance (US), CyberCube (US), Coalition (US), Arceo.ai (US), Kovrr (Israel), Sayata Laboratories (Israel), Zeguro (United States), RiskSense (United States), Cyence (WE), SafeBreach (United States) and Cronus Cyber ​​Technologies (Israel). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product improvements, and acquisitions to expand their footprint in the cybersecurity insurance market.

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