Cybersecurity Insurance Market Size, Share and Global Market Forecast to 2025 | MarketsandMarkets

Browse and in-depth TOC on “Cybersecurity Insurance Market”

193 – Tables

82 – Figures

290 – Pages

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By organization size, the large enterprise segment to lead the market in 2020

Large enterprises are organizations that have more than 1,000 employees. These organizations invest heavily in advanced technologies for increasing overall productivity and efficiency. Large enterprises are widely opting cybersecurity insurance solutions and are expected to invest significantly in advanced cybersecurity insurance solutions to provide optimum security to their enterprises’ intense competitive environment.

Large enterprises have adopted cybersecurity insurance solutions, as they use a large number of cloud and Internet of Things (IoT)-based applications that are highly susceptible to cyberattacks. Moreover, stringent regulatory pressure is driving cybersecurity risk awareness with the need for cybersecurity insurance solutions. For example, in the US, CCPA is one of the toughest data privacy law.

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North America is expected to hold the largest market size during the forecast period.

North American has sustainable and well-established economies, which empower it to invest significantly in Research and Development (R&D) activities, thereby contributing to the development of new technologies in the cybersecurity insurance market. The presence of majority of key players in the cybersecurity insurance market is expected to be the major factor driving the growth of the market in this region. Key players, such as BitsSight Technologies, Prevalent, RedSeal, SecurityScorecard, Cisco, Microsoft, UpGuard, FireEye, among others along with several start-ups such as At-Bay, Cybernance, Coalition, Arceo.ai, Zeguro, etc. in the region offer immense opportunity for the growth of cybersecurity insurance solutions and services.

Market Players

The technology vendors covered in the Cybersecurity Insurance Market report include BitSight (US), Prevalent (US), RedSeal (US), SecurityScorecard (US), Cyber Indemnity Solutions (Australia), Cisco (US), UpGuard (US), Microsoft (US), Check Point (US), AttackIQ (US), SentinelOne (US), Broadcom (US), Accenture (Ireland), Kenna Security (US), Cylance (US), FireEye (US), CyberArk (US), CYE (Israel), SecurIT360 (US), and Founder Shield (US). The insurance vendors covered in the cybersecurity insurance market are Allianz (Germany), AIG (US), Aon (UK), Arthur J. Gallagher & Co (US), Travelers Insurance (US), AXA XL (US), AXIS Capital (Bermuda), Beazley (UK), Chubb (Switzerland), CNA Financial (US), Fairfax Financial (Canada), Liberty Mutual (US), Lloyd’s of London (UK), Lockton (US), Munich Re Group (Germany), and Sompo International (Bermuda). The startup vendors covered in the cybersecurity insurance market are At-Bay (US), Cybernance (US), CyberCube (US), Coalition (US), Arceo.ai (US), Kovrr (Israel), Sayata Labs (Israel), Zeguro (US), RiskSense (US), Cyence (US), SafeBreach (US), and Cronus Cyber Technologies (Israel). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their footprint in the cybersecurity insurance market.

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