Cyber security insurance offers coverage against cyber risks and threats, providing financial protection and assistance in case of a cyber attack. With the increasing number and sophistication of cyber attacks, the demand for cyber security insurance has witnessed significant growth. Organizations are increasingly investing in risk management strategies, including cyber insurance, to mitigate potential losses and ensure business continuity.
Cyber security ensures realization and controlling of security properties of an organizations as well as users intellectual and financial assets against relevant security risks in the cyber environment.
As per the research, the global cyber security market is expected to reach $1,65,146.5 million by 2023. Cyber security refers to a comprehensive system of technologies, processes and practices that provides security to IT networks, computers, software programs, and data from potential cyberattacks or any other kind of damages to the system. The cybersecurity solutions are in demand from various industries including aerospace & defence, government & public utilities, banking financial services & insurance (BFSI), IT & telecom, healthcare, retail and manufacturing. These industries deploy IT infrastructures for number of critical operational processes, owing to which they require cyber security solutions.
Cyber insurance is used to defend business and specific users from internet-based hazards. It covers the business liability for a data crack involving sensitive customer information, such as social security numbers, health records, credit card numbers, account numbers and driver's license numbers.
Cybersecurity insurance is a product that is offered to individuals and businesses in order to protect them from the effects and consequences of online attacks. This recognition of the inherent dangers of storing customer information online & the risks businesses face in this online age.
The global Cyber Insurance market is projected to reach at an estimated CAGR of 24% during the forecast period 2018-2022.Technology has become an integral part of our lives especially with the development in this particular sector. From manmade computers to artificial intelligence technology has come a long way. This growth has also resulted to various threats, cyber threats being one among.
The global cyber insurance market is poised for substantial growth, with projections indicating a surge from US$13.1 billion in 2022 to an estimated US$68.2 billion by the end of 2030, reflecting a robust compound annual growth rate (CAGR) of 26.6% during the forecast period from 2023 to 2030.
Global healthcare cyber security market size is expected to reach $47.8 Bn by 2028 at a rate of 20.1%, segmented as by threat type, malware, distributed denial of service (ddos), advanced persistent threats (apt), spyware, other treat types
The global Cyber security market in the field of Fintech is projected to grow at an estimated CAGR of 15% during the forecast period 2018-2023. Fintech is using new applications in order to make transaction but the use of these applications is a risk at times. Thus in order to secure financial related activities, companies are strengthening the use of cyber security.
The global cyber insurance market is estimated to garner a revenue of USD 77.0 Billion by the end of 2035 by growing at a CAGR of ~26% over the forecast period, i.e., 2023 – 2035.
According to the latest research report by IMARC Group, The global cyber insurance market size reached US$ 11.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 58.9 Billion by 2032, exhibiting a growth rate (CAGR) of 18.8% during 2024-2032. More Info:- https://www.imarcgroup.com/cyber-insurance-market
The global cyber security market is forecasted to reach US$297.2 billion in 2026, experiencing growth at a CAGR of 7.54% during the period spanning from 2022 to 2026. For more: vikas@konceptanalytics.com
According to the latest research report by IMARC Group, The global payment security market size reached US$ 27.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 80.2 Billion by 2032, exhibiting a growth rate (CAGR) of 12.5% during 2024-2032. More Info:- https://www.imarcgroup.com/payment-security-market
Global cyber security market is projected to reach a size of $165.2 billion by 2023, growing at a CAGR of 10.7%. The cyber security market has been gaining traction due to its increased adoption in multiple industries, such as aerospace and defense, government, banking, financial services and insurance (BFSI), healthcare, retail, IT & telecom, and manufacturing. Cyber security solutions have been garnering higher revenues as compared to services; however, a higher growth is being witnessed in the services category. They enable enterprises to identify threats and protect organizations’ data from lethal cyber-attacks. It speeds up the process of noticing attacks and enables organizations to adopt predictive measures in combating cyber-crimes, which has been driving its market.
According to the latest research report by IMARC Group, The global insurance fraud detection market size is expected to exhibit a growth rate (CAGR) of 21.65% during 2024-2032. More Info:- https://www.imarcgroup.com/insurance-fraud-detection-market
According to the latest research report by IMARC Group, The global healthcare cyber security market size reached US$ 17.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 61.5 Billion by 2032, exhibiting a growth rate (CAGR) of 15% during 2024-2032. More Info:- https://www.imarcgroup.com/healthcare-cyber-security-market
According to the latest research report by IMARC Group, The United States commercial insurance market size reached US$ 260.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 391.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.89% during 2023-2028. More Info:- https://www.imarcgroup.com/united-states-commercial-insurance-market
According to the latest research report by IMARC Group, The global insurance software market size reached US$ 3.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028. More Info:- https://www.imarcgroup.com/insurance-software-market
iGATE Research has released a research report on “Global Cyber Security Market (By Product Segments, Service Segments, Industry Verticals, Geography, Recent Developments) - Forecast to 2025” Click here to view the complete report: http://igateresearch.com/FullReportDetail.php?p=142 Contact US iGATE Research PVT LTD Ravi Sinha Sales Manager Marketing and Sales Divison Email: ravi.sinha@igateresearch.com Contact: +91-858-684-0791, +91-821-092-7469 (INDIA) Web: www.igateresearch.com
According to the latest research report by IMARC Group, The global cyber insurance market size reached US$ 9.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.7 Billion by 2028, exhibiting a growth rate (CAGR) of 22.39% during 2023-2028. More Info:- https://www.imarcgroup.com/cyber-insurance-market
According to the latest research report by IMARC Group, The global payment security market reached a value of US$ 20.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 47.7 Billion by 2027, exhibiting a CAGR of 14.40% during 2022-2027. More Info:- https://www.imarcgroup.com/payment-security-market
The Business Research Company offers banking, financial services and insurance bfsi security market research report 2023 with industry size, share, segments and market growth
TBRC global security services for bfsi sector market report includes managed services, professional services, system integration, support, maintenance https://bit.ly/3HdI5SA
The increasing digitization of banking and financial operations all over the world is pushing up the demand for banking, financial services, and insurance security solutions.
The global Cyber Security In Healthcare Market is highly fragmented due to the presence of a various large number of players which forms a competitive environment. The report entails all-inclusive information associated with the latest market updates such as new ideas, market size, opportunity, growth path and trends for the forecast period of 2019-2025 to gain competitive edge across the globe. This report also highlights various important strategic mergers and acquisitions, company overview, financial details, and the latest development undertaken.
The continuing success of digitization across the Middle East and rapidly among the GCC (Gulf Cooperation Council), brings with it complementary and growing exposure to the risk of cyber attacks. These rising cyber threats by other countries and by highly expertise criminal rings from around the world have the potential to disrupt the progress of digitization and threaten the reimbursement delivered through it. Around 57% of Middle Eastern companies lost approximately USD 500,000 compared to 33% globally due to cyber attacks.
Research Trades has added a new report “Global Cyber Insurance Market Research Report 2017” to its database. This report studies Cyber Insurance in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering
According to Goldstein Research, “Exponential growth in cyber attacks is impacting the financial state of government and enterprises. Emerging trend of adopting advance technologies are making systems more vulnerable to cyber attacks. This has increased the demand for security packages and solutions to protect confidential data for industries such as government, military, banking financial service, IT and telecommunication, and many more in Asia-Pacific region.”
According to 6Wresearch, Qatar Managed Security Services Market is projected to demonstrate substantial growth to grow at a CAGR of over 47.8% during 2018-24 as per the market report, overview, revenue, trends, outlook, forecast, size & share. For more details kindly visit: https://bit.ly/2t7MxLz.
According to the latest research report by IMARC Group, The global BFSI security market size reached US$ 60.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 131.4 Billion by 2032, exhibiting a growth rate (CAGR) of 8.6% during 2024-2032. More Info:- https://www.imarcgroup.com/bfsi-security-market
Asia-Pacific Cyber Security Market By Solution, By Services (Consulting, Design & Integration, Risk & Threat Assessment, Managed Security Services, Training & Education), By Verticals, & By Country - Forecasts Till 2020
A Framework for Addressing Security and Managing Business Risk The Information Security Program at Prudential Financial Ken Tyminski Vice President and Chief ...
A Framework for Addressing Security and Managing Business Risk The Information Security Program at Prudential Financial Ken Tyminski Vice President and Chief ...
The United States financial services cyber security market is estimated to garner a revenue of USD 8 billion by the end of 2031 by growing at a CAGR of ~6% over the forecast period, i.e., 2022 – 2031.
ncrease in technologies advancement and adoption of IOT are leading the growth of internet threats which are spreading across many sectors and market, sectors such as banking, financial and insurance, IT, transportation, defense and research institutes, telecommunications and others are becoming the major targets of cyber-attacks, which leads to many losses.
In December 2023, The United India Insurance Company Limited, a public sector entity, announced that it is venturing into the retail cybersecurity insurance sector. Introducing three distinct products, they aimed to safeguard laptops and personal computers (PCs) from cyber attacks. Satyajit Tripathy, the company's chairman and managing director, stated that these policies will debut before March 2024. Tripathy emphasized the surging demand for retail insurance due to escalating cybersecurity threats. Stringent data protection regulations worldwide (such as GDPR in Europe and CCPA in the U.S.) mandate organizations to adhere to specific cybersecurity standards, further propelling the industry demand.
This is the Cyber Security White Paper. This white paper gives you a brief idea about Cyber Security Concerns in Singapore and gives Solutions to the issues.
According to persistence market research reports, the global digital signature market size was valued at approximately USD 6.6 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 24.3% from 2024 to 2033. This growth is driven by the growing demand for paperless transactions, regulatory compliance requirements, and the need for secure and efficient document authentication processes.
Global healthcare cybersecurity market size is expected to reach $42.59 billion in 2028 at a rate of 15.6%, segmented as by solution, identity and access management, risk and compliance management
The Insurance Providers market size is expected to reach above $5 trillion by 2022, significantly growing at a CAGR of around 6.8% during the forecast period. The growth in the Insurance Providers market is due to introduction of additional security features such as EMV, launch of innovative products and rising penetration of contact less cards which are easy to use. Read more at https://bit.ly/2MS7qn4
According to the latest research report by IMARC Group, The global BFSI crisis management market size reached US$ 15.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 61.9 Billion by 2032, exhibiting a growth rate (CAGR) of 15.8% during 2024-2032. More Info:- https://www.imarcgroup.com/bfsi-crisis-management-market
According to the latest research report by IMARC Group, The global regtech market size reached US$ 13.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 65.7 Billion by 2032, exhibiting a growth rate (CAGR) of 18.9% during 2024-2032. More Info:- https://www.imarcgroup.com/regtech-market
The rising prevalence of fraudulent online activities is primarily driving the cyber situational awareness market. Moreover, the growing adoption of the work-from-home (WFH) models, owing to the sudden outbreak of the COVID-19 pandemic, is inflating the need for effective CSA solutions and tools to eliminate the overall risk of data breaches, which is further stimulating the market growth Get a PDF Sample for more detailed market insights: Visit the following link: https://www.imarcgroup.com/cyber-situational-awareness-market E-mail: sales@imarcgroup.com Contact: +91-120-415-5099
The inflating need to manage threats related to employee health, financial viability, overall public safety, etc., is primarily driving the BFSI security market. Additionally, the widespread adoption of these security solutions to enable convenient, safe, and seamless financial transactions is further catalyzing the market growth.
The Drone Inspection and Monitoring Market is projected to grow from USD 11.6 Billion in 2022 to USD 23.0 Billion by 2027, at a CAGR of 14.6% from 2022 to 2027.
The Global 5G Security Market size is around USD 2.2 billion in 2023 and estimated to grow at a CAGR of about 39.25% during the forecast period, i.e., 2024-30.