Cyber Insurance Market Size In-depth Analysis Suggests Huge Growth Potential at 25.7%, Value to Reach USD 97.6 Billion in 2032
TOKYO, Sept. 20, 2023 (GLOBE NEWSWIRE) — The Global
Cyber Insurance Market
Size accounted for USD 10.1 Billion in 2022 and is projected to achieve a market size of USD 97.6 Billion by 2032 growing at a CAGR of 25.7% from 2023 to 2032.
Cyber Insurance Market Highlights and Key Statistics:
- The Global Cyber Insurance Market is projected to experience a robust growth rate of 25.7% CAGR, with expectations to reach a valuation of USD 97.6 billion by 2032, from USD 10.1 billion in 2022.
- North America, given its high digital adoption and regulatory landscape, led the market in 2022 with a significant share of 36%.
- The stand-alone segment is the market leader, accounting for over 57% of the market share in 2022.
- The BFSI segment accounted for more than 26% of the revenue share in 2022, making it the largest end-use industry.
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The increasing number of high-profile cyber breaches and the associated financial implications have heightened awareness and driven demand for cyber insurance policies.
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