Cyber Security Insurance Market Size 2021 Global Industry Trends, Segments, Competitors Strategy, Regional Analysis, Key Players, Statistics and Growth to 2030

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Global Cyber Security Insurance Market valued approximately USD 4.63 billion in 2017 is anticipated to grow with a healthy growth rate of more than 24.51% over the forecast period 2018-2025. The Cyber Security Insurance Market is continuously growing in the global scenario at significant pace. Cyber Security Insurance is an insurance product used to protect businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. Growth in adoption of cloud-based solutions and surge in cyber data breaches are the substantial driving factors of the market during the forecast period. Additionally, increasing incidence of unauthorized accessing sensitive business data, such as employees' personal information, intellectual properties, and financial records, have been rising, which, in turn, is also driving the cyber security insurance market.

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In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years. According to the statistics by GSMA Intelligence, total cellular connections worldwide as of May 2020 was recorded to 10,18 billion.

As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.

Moreover, changing number of cybercrime and is the major factors that likely to create numerous opportunity in the near future. Furthermore, cyber security insurance providing resources for data breaches response as well as offsetting the expenses of a data breaches are the other factors that impelling the growth of the market during the forecast period. However, high cost and problems associated with the implementation of cyber security insurance are the restraining factors of the market across the world. 

The regional analysis of Global Cyber Security Insurance Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share due to increasing incidences of data breaches and growing adoption of cloud-based solutions in the region. Europe is estimated to grow at stable growth rate in the global Cyber Security Insurance market over the upcoming years. Further, North America anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 owing to presence of large number of cyber security insurance vendors in the region.

The major market player included in this report are:
XL
AIG
Berkshire Hathaway
Zurich Insurance
Chubb
AON
Bin Insurer
Lockton
Security Scorecard
Allianz
Munich Re 

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below: 

By Type:

Small Medium Enterprises (SMEs)
Large Enterprises

By Application:

Healthcare
Retail
BFSI
IT & Telecom
Manufacturing

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2015, 2016
Base year - 2017
Forecast period - 2018 to 2025

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Target Audience of the Global Cyber Security Insurance Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

TABLE OF CONTENTS

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Key Trends
1.3. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
1.3.1. Cyber Security Insurance Market, by Type, 2015-2025 (USD Billion)
1.3.2. Cyber Security Insurance Market, by Application, 2015-2025 (USD Billion)
1.3.3. Cyber Security Insurance Market, by Region, 2015-2025 (USD Billion)
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Cyber Security Insurance Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Cyber Security Insurance Market Dynamics
3.1. See Saw Analysis
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Cyber Security Insurance Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Buyers
4.1.2. Bargaining Power of Suppliers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model
4.2. PEST Analysis
4.2.1. Political Scenario
4.2.2. Economic Scenario
4.2.3. Social Scenario
4.2.4. Technological Scenario
4.3. Value Chain Analysis
4.3.1. Supplier
4.3.2. Manufacturers/Service Provider
4.3.3. Distributors
4.3.4. End-Users
4.4. Key Buying Criteria
4.5. Regulatory Framework
4.6. Cost Structure Analysis
4.6.1. Raw Material Cost Analysis
4.6.2. Manufacturing Cost Analysis
4.6.3. Labour Cost Analysis
4.7. Investment Vs Adoption Scenario
4.8. Analyst Recommendation & Conclusion
Chapter 5. Cyber Security Insurance Market, by Type
5.1. Market Snapshot
5.2. Market Performance - Potential Model
5.3. Key Market Players

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The post Cyber Security Insurance Market Size 2021 Global Industry Trends, Segments, Competitors Strategy, Regional Analysis, Key Players, Statistics and Growth to 2030 appeared first on America News Hour.

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