PUBLISHER: Lucintel | PRODUCT CODE: 1456086
PUBLISHER: Lucintel | PRODUCT CODE: 1456086
Third Party Cyber Insurance Trends and Forecast
The future of the global third party cyber insurance market looks promising with opportunities in the information & communication technology, financial service, manufacturing, retail, and healthcare markets. The global third party cyber insurance market is expected to reach an estimated $27.9 billion by 2030 with a CAGR of 20.4% from 2024 to 2030. The major drivers for this market are increasing frequency and severity of cyberattacks, growing popularity of social media platform, and rising awareness towards the risks of third-party cyberattacks.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Third Party Cyber Insurance by Segment
The study includes a forecast for the global third party cyber insurance by component, insurance type, organization size, application, and region.
List of Third Party Cyber Insurance Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies third party cyber insurance companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the third party cyber insurance companies profiled in this report include-
Third Party Cyber Insurance Market Insights
Lucintel forecasts that solution is expected to witness the higher growth over the forecast period.
Within this market, information & communication technology is expected to witness the highest growth.
North America will remain the largest region over the forecast period due to existence of market players and increasing awareness amongst small to medium sized businesses about cyber insurance in the region.
Features of the Global Third Party Cyber Insurance Market
Market Size Estimates: Third party cyber insurance market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Third party cyber insurance market size by various segments, such as by component, insurance type, organization size, application, and region in terms of value ($B).
Regional Analysis: Third party cyber insurance market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different components, insurance types, organization sizes, applications, and regions for the third party cyber insurance market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the third party cyber insurance market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the third party cyber insurance market size?
Answer: The global third party cyber insurance market is expected to reach an estimated $27.9 billion by 2030.
Q2. What is the growth forecast for third party cyber insurance market?
Answer: The global third party cyber insurance market is expected to grow with a CAGR of 20.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the third party cyber insurance market?
Answer: The major drivers for this market are increasing frequency and severity of cyberattacks, growing popularity of social media platform, and rising awareness towards the risks of third-party cyberattacks.
Q4. What are the major segments for third party cyber insurance market?
Answer: The future of the third party cyber insurance market looks promising with opportunities in the information & communication technology, financial service, manufacturing, retail, and healthcare markets.
Q5. Who are the key third party cyber insurance market companies?
Answer: Some of the key third party cyber insurance companies are as follows:
Q6. Which third party cyber insurance market segment will be the largest in future?
Answer: Lucintel forecasts that solution is expected to witness the higher growth over the forecast period.
Q7. In third party cyber insurance market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to existence of market players and increasing awareness amongst small to medium sized businesses about cyber insurance in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.