Report Overview

Global Cybersecurity Insurance Market is likely to hold a valuation of USD 62.7 billion by 2032. As the average global market rises, the Cybersecurity Insurance industry is expected to grow by 18.8% from 2023 to 2032.

Cyber insurance helps businesses reduce the threat of data breaches and cyber attacks, protecting organizations from costs associated with Internet-based attacks that affect I.T. infrastructure, information governance, and policy – typically not covered by conventional commercial liability or insurance policies, with increased cybersecurity risks and data breach actions prompting organizations to establish Cyber insurance strategies. In particular, small and medium-sized enterprises are being targeted by cybercriminals, which will increase demand for new cyber insurance products from smaller enterprises.