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Cyber Insurance Market by Component (Services, Solutions), Insurance Coverage (Cyber Liability, Data Breach), Insurance Type, Organization Size, End User - Global Forecast 2024-2030

Publisher 360iResearch
Published Jan 15, 2024
Length 198 Pages
SKU # IRE18437778

Description

Cyber Insurance Market by Component (Services, Solutions), Insurance Coverage (Cyber Liability, Data Breach), Insurance Type, Organization Size, End User - Global Forecast 2024-2030


The Cyber Insurance Market size was estimated at USD 11.26 billion in 2023 and expected to reach USD 13.99 billion in 2024, at a CAGR 24.41% to reach USD 51.94 billion by 2030.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Cyber Insurance Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cyber Insurance Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Cyber Insurance Market, highlighting leading vendors and their innovative profiles. These include Allianz SE, American International Group, Inc., Aon PLC, Beazley PLC, BitSight Technologies, Inc., Chubb Group Holdings Inc., Cyber Indemnity Solutions Ltd, CyberArk Software Ltd., Foundershield LLC, Kenna Security by Cisco Systems Inc., Kovrr Inc, Lloyd's and Corporation of Lloyd’s, Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft, RedSeal, Inc., SafeBreach Inc., Travelers Indemnity Company, and Zeguro Inc..

Market Segmentation & Coverage


This research report categorizes the Cyber Insurance Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Services
Advisory

Consulting
Solutions
Cyber Insurance Analytics Platforms

Cybersecurity Solutions
Cyber Risk & Vulnerability Assessment

Cybersecurity Resilience

Disaster Recovery & Business Continuity
Insurance Coverage
Cyber Liability
Source/Target
External

Internal

Type
Brand & Related Intellectual Property Protection

Data Protection & Privacy Costs

Non-Compliance Penalty
Data Breach
Data Loss

Ransomware Attacks
Insurance Type
Packaged
Standalone
Organization Size
Large Enterprises
Small & Medium-sized Enterprises
End User
Financial Services
Healthcare & Life Sciences

IT & ITes

Manufacturing

Retail & Ecommerce

Telecom

Travel, Tourism & Hospitality
Technology Providers
Government Agencies

Insurance Companies
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Cyber Insurance Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cyber Insurance Market?
3. What are the technology trends and regulatory frameworks in the Cyber Insurance Market?
4. What is the market share of the leading vendors in the Cyber Insurance Market?
5. Which modes and strategic moves are suitable for entering the Cyber Insurance Market?

Note: PDF & Excel + Online Access - 1 Year

Table of Contents

198 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Cyber Insurance Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Cybersecurity regulations and legislations to boost demand for insurance protection
5.1.1.2. High rate of recovery of financial losses
5.1.2. Restraints
5.1.2.1. Lack of awareness related to cyber insurance
5.1.3. Opportunities
5.1.3.1. Adoption of blockchain technology and artificial intelligence for risk analytics
5.1.3.2. Need to adopt cyber insurance to become more resilient to online threats
5.1.4. Challenges
5.1.4.1. Data privacy concerns
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Cyber Insurance Market, by Component
6.1. Introduction
6.2. Services
6.3.1. Advisory
6.3.2. Consulting
6.3. Solutions
6.4.1. Cyber Insurance Analytics Platforms
6.4.2. Cybersecurity Solutions
6.4.3.1. Cyber Risk & Vulnerability Assessment
6.4.3.2. Cybersecurity Resilience
6.4.3. Disaster Recovery & Business Continuity
7. Cyber Insurance Market, by Insurance Coverage
7.1. Introduction
7.2. Cyber Liability
7.3.1. Source/Target
7.3.2.1. External
7.3.2.2. Internal
7.3.2. Type
7.3.3.1. Brand & Related Intellectual Property Protection
7.3.3.2. Data Protection & Privacy Costs
7.3.3.3. Non-Compliance Penalty
7.3. Data Breach
7.4.1. Data Loss
7.4.2. Ransomware Attacks
8. Cyber Insurance Market, by Insurance Type
8.1. Introduction
8.2. Packaged
8.3. Standalone
9. Cyber Insurance Market, by Organization Size
9.1. Introduction
9.2. Large Enterprises
9.3. Small & Medium-sized Enterprises
10. Cyber Insurance Market, by End User
10.1. Introduction
10.2. Financial Services
10.3.1. Healthcare & Life Sciences
10.3.2. IT & ITes
10.3.3. Manufacturing
10.3.4. Retail & Ecommerce
10.3.5. Telecom
10.3.6. Travel, Tourism & Hospitality
10.3. Technology Providers
10.4.1. Government Agencies
10.4.2. Insurance Companies
11. Americas Cyber Insurance Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific Cyber Insurance Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa Cyber Insurance Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
15. Competitive Portfolio
15.1. Key Company Profiles
15.1.1. Allianz SE
15.1.2. American International Group, Inc.
15.1.3. Aon PLC
15.1.4. Beazley PLC
15.1.5. BitSight Technologies, Inc.
15.1.6. Chubb Group Holdings Inc.
15.1.7. Cyber Indemnity Solutions Ltd
15.1.8. CyberArk Software Ltd.
15.1.9. Foundershield LLC
15.1.10. Kenna Security by Cisco Systems Inc.
15.1.11. Kovrr Inc
15.1.12. Lloyd's and Corporation of Lloyd’s
15.1.13. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft
15.1.14. RedSeal, Inc.
15.1.15. SafeBreach Inc.
15.1.16. Travelers Indemnity Company
15.1.17. Zeguro Inc.
15.2. Key Product Portfolio
16. Appendix
16.1. Discussion Guide
16.2. License & Pricing
FIGURE 1. CYBER INSURANCE MARKET RESEARCH PROCESS
FIGURE 2. CYBER INSURANCE MARKET SIZE, 2023 VS 2030
FIGURE 3. CYBER INSURANCE MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. CYBER INSURANCE MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. CYBER INSURANCE MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. CYBER INSURANCE MARKET DYNAMICS
FIGURE 7. CYBER INSURANCE MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
FIGURE 8. CYBER INSURANCE MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. CYBER INSURANCE MARKET SIZE, BY INSURANCE COVERAGE, 2023 VS 2030 (%)
FIGURE 10. CYBER INSURANCE MARKET SIZE, BY INSURANCE COVERAGE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. CYBER INSURANCE MARKET SIZE, BY INSURANCE TYPE, 2023 VS 2030 (%)
FIGURE 12. CYBER INSURANCE MARKET SIZE, BY INSURANCE TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. CYBER INSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2023 VS 2030 (%)
FIGURE 14. CYBER INSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. CYBER INSURANCE MARKET SIZE, BY END USER, 2023 VS 2030 (%)
FIGURE 16. CYBER INSURANCE MARKET SIZE, BY END USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS CYBER INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. AMERICAS CYBER INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES CYBER INSURANCE MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 20. UNITED STATES CYBER INSURANCE MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC CYBER INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC CYBER INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA CYBER INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA CYBER INSURANCE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. CYBER INSURANCE MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 26. CYBER INSURANCE MARKET SHARE, BY KEY PLAYER, 2023

Pricing

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