Global Cybersecurity Insurance Market Size study, By Insurance Coverage, By Organization Size (Small and Medium Enterprises, Large Enterprises), By End-user Industry, and Regional Forecasts 2022-2028

Description

List of Tables

Global Cybersecurity Insurance Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. Cybersecurity insurance is also known as cyber liability insurance or cyber insurance. It is designed to assist an organization with a cyber-related security breach or similar events to reduce the financial risks related to business online. It offers coverages associated with first parties and claims by third parties for mitigating risk exposure by offsetting costs including recovery of internet-based cyber losses. The increasing number of mandatory cybersecurity regulations and legislation, rising frequency and sophistication of cyber threats, and growing adoption of cloud-based services are the several prominent factors fostering the global market demand. For instance, according to Statista, there has been a steady rise in public cloud services end-use expenditure from 2017 to 2020, which grows from USD 145 Billion to USD 270 billion respectively. Consequentially, the rising spending on cloud-based services is fueling the demand for cybersecurity insurance around the world. However, high capital investments required and lack of understanding, technical knowledge, and absence of historical cyber data impede the growth of the market over the forecast period of 2022-2028. Also, growing incidences of data security breaches and rising penetration of blockchain technology and artificial intelligence for risk analytics are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global Cybersecurity Insurance Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the presence of prominent market vendors and rising incidences of cyberattacks. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the development of the IT sector, rising digitalization, and the growth of countries like South Korea, India, Japan, Australia, and China, would create lucrative growth prospects for the Cybersecurity Insurance Market across the Asia-Pacific region.

Major market players included in this report are:

XL Group Ltd

American International Group Inc.

Berkshire Hathaway Inc.

Zurich Insurance Co. Ltd

The Chubb Corporation

Aon PLC

Bin Insurer Holding LLC

Lockton Companies Inc.

Security Scorecard Inc.

Allianz Global Corporate & Specialty

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 Insurance Coverage:

Data breach

Cyber liability

By Organization Size:

Small and Medium Enterprises (SMEs)

Large Enterprises

By End-user Industry:

Healthcare

Retail

BFSI

IT and Telecom

Manufacturing

Other End-user Industries

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020

Base year - 2021

Forecast period - 2022 to 2028

Target Audience of the Global Cybersecurity 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

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
- 1.2.1. Cybersecurity Insurance Market, by Region, 2020-2028 (USD Million)
- 1.2.2. Cybersecurity Insurance Market, by Insurance Coverage, 2020-2028 (USD Million)
- 1.2.3. Cybersecurity Insurance Market, by Organization Size, 2020-2028 (USD Million)
- 1.2.4. Cybersecurity Insurance Market, by End-user Industry, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Cybersecurity Insurance Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Cybersecurity Insurance Market Dynamics

3.1. Cybersecurity Insurance Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing number of mandatory cybersecurity regulations and legislation
  - 3.1.1.2. Rising frequency and sophistication of cyber threats
  - 3.1.1.3. Growing adoption of cloud-based services
- 3.1.2. Market Challenges
  - 3.1.2.1. Rising data privacy concerns
  - 3.1.2.2. Lack of understanding, technical knowledge, and absence of historical cyber data
- 3.1.3. Market Opportunities
  - 3.1.3.1. Growing incidences of data security breaches
  - 3.1.3.2. Rising penetration of blockchain technology and artificial intelligence for risk analytics

Chapter 4. Global Cybersecurity Insurance Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 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 (2018-2028)
4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global Cybersecurity Insurance Market, by Insurance Coverage

6.1. Market Snapshot
6.2. Global Cybersecurity Insurance Market by Insurance Coverage, Performance - Potential Analysis
6.3. Global Cybersecurity Insurance Market Estimates & Forecasts by Insurance Coverage, 2018-2028 (USD Million)
6.4. Cybersecurity Insurance Market, Sub Segment Analysis
- 6.4.1. Data breach
- 6.4.2. Cyber liability

Chapter 7. Global Cybersecurity Insurance Market, by Organization Size

7.1. Market Snapshot
7.2. Global Cybersecurity Insurance Market by Organization Size, Performance - Potential Analysis
7.3. Global Cybersecurity Insurance Market Estimates & Forecasts by Organization Size, 2018-2028 (USD Million)
7.4. Cybersecurity Insurance Market, Sub Segment Analysis
- 7.4.1. Small and Medium Enterprises (SMEs)
- 7.4.2. Large Enterprises

Chapter 8. Global Cybersecurity Insurance Market, by End-user Industry

8.1. Market Snapshot
8.2. Global Cybersecurity Insurance Market by End-user Industry, Performance - Potential Analysis
8.3. Global Cybersecurity Insurance Market Estimates & Forecasts by End-user Industry, 2018-2028 (USD Million)
8.4. Cybersecurity Insurance Market, Sub Segment Analysis
- 8.4.1. Healthcare
- 8.4.2. Retail
- 8.4.3. BFSI
- 8.4.4. IT and Telecom
- 8.4.5. Manufacturing
- 8.4.6. Other End-user Industries

Chapter 9. Global Cybersecurity Insurance Market, Regional Analysis

9.1. Cybersecurity Insurance Market, Regional Market Snapshot
9.2. North America Cybersecurity Insurance Market
- 9.2.1. U.S. Cybersecurity Insurance Market
  - 9.2.1.1. Insurance Coverage breakdown estimates & forecasts, 2018-2028
  - 9.2.1.2. Organization Size breakdown estimates & forecasts, 2018-2028
  - 9.2.1.3. End-user Industry breakdown estimates & forecasts, 2018-2028
- 9.2.2. Canada Cybersecurity Insurance Market
9.3. Europe Cybersecurity Insurance Market Snapshot
- 9.3.1. U.K. Cybersecurity Insurance Market
- 9.3.2. Germany Cybersecurity Insurance Market
- 9.3.3. France Cybersecurity Insurance Market
- 9.3.4. Spain Cybersecurity Insurance Market
- 9.3.5. Italy Cybersecurity Insurance Market
- 9.3.6. Rest of Europe Cybersecurity Insurance Market
9.4. Asia-Pacific Cybersecurity Insurance Market Snapshot
- 9.4.1. China Cybersecurity Insurance Market
- 9.4.2. India Cybersecurity Insurance Market
- 9.4.3. Japan Cybersecurity Insurance Market
- 9.4.4. Australia Cybersecurity Insurance Market
- 9.4.5. South Korea Cybersecurity Insurance Market
- 9.4.6. Rest of Asia Pacific Cybersecurity Insurance Market
9.5. Latin America Cybersecurity Insurance Market Snapshot
- 9.5.1. Brazil Cybersecurity Insurance Market
- 9.5.2. Mexico Cybersecurity Insurance Market
9.6. Rest of The World Cybersecurity Insurance Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. Company Profiles
- 10.2.1. XL Group Ltd.
  - 10.2.1.1. Key Information
  - 10.2.1.2. Overview
  - 10.2.1.3. Financial (Subject to Data Availability)
  - 10.2.1.4. Product Summary
  - 10.2.1.5. Recent Developments
- 10.2.2. American International Group Inc.
- 10.2.3. Berkshire Hathaway Inc.
- 10.2.4. Zurich Insurance Co. Ltd
- 10.2.5. The Chubb Corporation
- 10.2.6. Aon PLC
- 10.2.7. Bin Insurer Holding LLC
- 10.2.8. Lockton Companies Inc.
- 10.2.9. Security Scorecard Inc.
- 10.2.10. Allianz Global Corporate & Specialty

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Cybersecurity Insurance Market, report scope
TABLE 2. Global Cybersecurity Insurance Market estimates & forecasts by Region 2018-2028 (USD Million)
TABLE 3. Global Cybersecurity Insurance Market estimates & forecasts by Insurance Coverage 2018-2028 (USD Million)
TABLE 4. Global Cybersecurity Insurance Market estimates & forecasts by Organization Size 2018-2028 (USD Million)
TABLE 5. Global Cybersecurity Insurance Market estimates & forecasts by End-user Industry 2018-2028 (USD Million)
TABLE 6. Global Cybersecurity Insurance Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 7. Global Cybersecurity Insurance Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 8. Global Cybersecurity Insurance Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 9. Global Cybersecurity Insurance Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 10. Global Cybersecurity Insurance Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 11. Global Cybersecurity Insurance Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 12. Global Cybersecurity Insurance Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 13. Global Cybersecurity Insurance Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 14. Global Cybersecurity Insurance Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 15. Global Cybersecurity Insurance Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 16. U.S. Cybersecurity Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 17. U.S. Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 18. U.S. Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 19. Canada Cybersecurity Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 20. Canada Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 21. Canada Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 22. UK Cybersecurity Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 23. UK Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 24. UK Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 25. Germany Cybersecurity Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 26. Germany Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 27. Germany Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 28. RoE Cybersecurity Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 29. RoE Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 30. RoE Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 31. China Cybersecurity Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 32. China Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 33. China Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 34. India Cybersecurity Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 35. India Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 36. India Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 37. Japan Cybersecurity Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 38. Japan Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 39. Japan Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 40. RoAPAC Cybersecurity Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 41. RoAPAC Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 42. RoAPAC Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 43. Brazil Cybersecurity Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 44. Brazil Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 45. Brazil Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 46. Mexico Cybersecurity Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 47. Mexico Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 48. Mexico Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 49. RoLA Cybersecurity Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 50. RoLA Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 51. RoLA Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 52. Row Cybersecurity Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 53. Row Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 54. Row Cybersecurity Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 55. List of secondary sources, used in the study of global Cybersecurity Insurance Market
TABLE 56. List of primary sources, used in the study of global Cybersecurity Insurance Market
TABLE 57. Years considered for the study
TABLE 58. Exchange rates considered

LIST OF FIGURES

List of figures

FIG 1. Global Cybersecurity Insurance Market, research methodology
FIG 2. Global Cybersecurity Insurance Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Cybersecurity Insurance Market, key trends 2021
FIG 5. Global Cybersecurity Insurance Market, growth prospects 2022-2028
FIG 6. Global Cybersecurity Insurance Market, porters 5 force model
FIG 7. Global Cybersecurity Insurance Market, pest analysis
FIG 8. Global Cybersecurity Insurance Market, value chain analysis
FIG 9. Global Cybersecurity Insurance Market by segment, 2018 & 2028 (USD Million)
FIG 10. Global Cybersecurity Insurance Market by segment, 2018 & 2028 (USD Million)
FIG 11. Global Cybersecurity Insurance Market by segment, 2018 & 2028 (USD Million)
FIG 12. Global Cybersecurity Insurance Market by segment, 2018 & 2028 (USD Million)
FIG 13. Global Cybersecurity Insurance Market by segment, 2018 & 2028 (USD Million)
FIG 14. Global Cybersecurity Insurance Market, regional snapshot 2018 & 2028
FIG 15. North America Cybersecurity Insurance Market 2018 & 2028 (USD Million)
FIG 16. Europe Cybersecurity Insurance Market 2018 & 2028 (USD Million)
FIG 17. Asia Pacific Cybersecurity Insurance market 2018 & 2028 (USD Million)
FIG 18. Latin America Cybersecurity Insurance Market 2018 & 2028 (USD Million)
FIG 19. Global Cybersecurity Insurance Market, company market share analysis (2021)