Cyber Security Insurance Market Perceiving Growth, Future Prospects and Forecast 2025
[EUPRwire, Thu Apr 25 2019] Global Cyber security Insurance Market Size by Organization Size, by Industry, Region and Forecast 2019 to 2025. Global market have varying product lines, mostly depending on the customer requirements. The report also provides the various key strategies adopted by the leading players as the demand is growing from Asia-Pacific economies. Also, the market size has also been laid down based on the Porter’s Five Forces Analysis for the industry players’ decision making.
“Cybersecurity insurance is a product that is growing quickly in terms of scope and size. Currently, it remains a niche product despite the fact that the vast majority of people have used the internet directly or indirectly at one point in their lives. The reason for the relatively limited coverage is primarily because both the service providers and customers are just becoming accustomed to the product.”
Global Cyber security Insurance Market anticipated to grow with the highest CAGR of 25.3% in the forecast period 2018-2025.
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Cyber Security Insurance Market: Key Players are American International Group (AIG), The Chubb Corporation, XL Group, Travelers, Beazley, CAN, Liberty Mutual, BCS Insurance, AXIS Insurance Group and Allied World.
Furthermore, growing vulnerability of cyber exploitation due to rise in connected devices across the world and emergence of Internet of Things (IoT) have driven the majorly the Cyber security Insurance Market. Along with the investment in the Cyber security solutions, which include hardware and software solutions, companies have also started to take cyber insurance to mitigate risks. Even if the cyber insurance market is projected to grow in the future, there are quite a few challenges which need to be addressed by the insurers and mentioned further in the report.
Global Cyber security Insurance Market can be further segmented on the basis of the organization size- SMEs, mid-market and large enterprises. Standalone cyber insurance solutions is a recent phenomenon and currently, the underwriting of cyber insurance is still limited due to immature and limited expertise. While the majority of the premium continues to come from the US, there are substantial signs of growth in Europe and Asia pacific which currently have a small base.
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What does the Global Cyber Security Insurance Market report include?
- The study on the global Cyber security insurance market includes qualitative factors such as drivers, restraints, and opportunities
- Additionally, the market has been evaluated using the Porter’s five forces analysis.
- The study covers qualitative and quantitative analysis of the market segmented on the basis of organization size, industry and region. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Some Key Highlight Points from TOC:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Global Cyber security Insurance Market Overview, by Segments
Chapter 5. Global Cyber security insurance Market Overview, by Region
Chapter 6. Company Profiles
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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.