사이버 보안 보험 시장 : 시장 규모, 점유율, 성장 분석 - 제공별, 보험 범위별, 보험 유형별, 컴플라이언스 요건별, 최종 사용자별, 지역별 - 산업 예측(2024-2031년)

Global Cybersecurity Insurance Market size was valued at USD 9.8 billion in 2022 and is poised to grow from USD 10.93 billion in 2023 to USD 26.1 billion by 2031, growing at a CAGR of 11.50% during the forecast period (2024-2031).

The market for cybersecurity insurance is experiencing significant growth driven by stringent regulatory compliance across various economies, particularly in light of the heightened global regulations surrounding cybersecurity and data protection. The General Data Protection Regulation (GDPR), established by the European Union, exemplifies these standards, imposing strict guidelines on the collection, utilization, and retention of personal data, and conferring robust rights to individuals regarding their information. This framework compels organizations worldwide to navigate complex compliance landscapes, thereby potentially mandating cybersecurity insurance to mitigate liabilities and adhere to regulations. As a response to the evolving demands of businesses, insurance providers are continuously innovating their offerings. Rather than solely providing traditional insurance coverage, many insurers now extend cyber risk management services, aiding organizations in evaluating their cyber threats, implementing security protocols, and effectively addressing data breaches. Additionally, the emergence of parametric cyber insurance introduces a unique model where payouts are triggered by specific incidents, such as denial-of-service attacks, distinguishing it from conventional insurance that compensates based on actual financial losses incurred. Together, these trends manifest a robust market environment, positioning cybersecurity insurance as a vital component for organizations striving to enhance their risk management strategies and ensure compliance in an increasingly regulated digital landscape.

Top-down and bottom-up approaches were used to estimate and validate the size of the global cybersecurity insurance market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

global cybersecurity insurance Market Segmental Analysis

Global Cybersecurity Insurance Market is segmented by Offering, Insurance Coverage, Insurance Type, Compliance Requirement, End User, and region. Based on Offering, the market is segmented into Solutions, Services. Based on Insurance Coverage, the market is segmented into Data Breach, Cyber Liability. Based on Insurance Type, the market is segmented into Packaged, Standalone. Based on Compliance Requirement, the market is segmented into Healthcare Compliance, Financial Services Compliance, GDPR Compliance, Data Privacy Compliance, Other Compliances. Based on End User, the market is segmented into Technology Providers, Insurance Providers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the global cybersecurity insurance Market

The rise in frequency and sophistication of cyberattacks is a significant market driver for the global cybersecurity insurance market. High-profile incidents, such as WannaCry and NotPetya, have highlighted the extensive financial, operational, and reputational damages that can result from breaches, prompting organizations across various sectors to prioritize cybersecurity investments. As businesses recognize the inadequacy of traditional security measures, they increasingly seek comprehensive coverage to mitigate potential losses, shaping a growing demand for cybersecurity insurance products. This proactive approach to risk management not only safeguards assets but also enhances overall resilience against the evolving threat landscape, further fueling market expansion.

Restraints in the global cybersecurity insurance Market

One significant restraint for the global cybersecurity insurance market is the persistent underutilization of insurance products by businesses, despite escalating governmental and organizational investments in cybersecurity measures prompted by heightened awareness of security threats and the frequency of cyberattacks. This phenomenon arises from a lack of understanding or perceived necessity for insurance, leading to a situation where a mere fraction of the estimated USD 1.5 trillion annual cost of cybercrime is shielded by insurance policies. This disconnect hinders the growth potential of the cybersecurity insurance sector and reflects a gap between risk awareness and proactive financial protection strategies.

Market Trends of the global cybersecurity insurance Market

The global cybersecurity insurance market is witnessing significant growth due to the escalating frequency and severity of cyberattacks and data breaches across various industries. With ransomware attacks skyrocketing by 93% in 2020, organizations are increasingly recognizing the urgent need for effective risk management strategies. Sectors such as retail, healthcare, and banking, which store vast amounts of sensitive consumer data, are particularly vulnerable. As digitization proliferates-exemplified by the rise of online banking, e-commerce, and digital healthcare-businesses are compelled to invest in cybersecurity insurance to mitigate financial losses and protect against the evolving threat landscape, thus propelling the market forward.

Table of Contents

Introduction

• Objectives of the Study
• Definitions
• Market Scope

Research Methodology

• Information Procurement
• Secondary & Primary Data Sources
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Market Overview Outlook
• Supply Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Dynamics
  • Drivers
  • Opportunities
  • Restraints
  • Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of Substitute Products
  • Bargaining Power of Buyers
  • Threat of New Entrants
  • Bargaining Power of Suppliers

Key Market Insights

• Key Success Factor
• Degree of Competition
• Top Investment Pockets
• Ecosystem Of the Market
• Technology Analysis
• Trends Analysis
• Patent Analysis
• Pricing Analysis
• Customer & Buying Criteria Analysis
• Case Study Analysis
• Regulatory Landscape
• Value Chain Analysis

Cybersecurity Insurance Market byOffering

• Market Overview
• Solutions
  • Cybersecurity Insurance Analytics Platforms
  • Disaster Recovery and Business Continuity
  • Cybersecurity Solutions
  • Cyber Risk And Vulnerability Assessment
  • Cybersecurity Resilience
• Services
  • Consulting/Advisory
  • Security Awareness Training
  • Other Services

Cybersecurity Insurance Market byInsurance Coverage

• Market Overview
• Data Breach
  • Data Loss
  • Denial Of Service and Downtime
  • Ransomware Attacks
• Cyber Liability
  • Types Of Cyber Liabilities
  • Data protection and privacy costs
  • Non-compliance penalty
  • Brand and related intellectual property protection
  • Other cyber liability types
  • Source/Target of Cyber Liabilities
  • Internal
  • External

Cybersecurity Insurance Market byInsurance Type

• Market Overview
• Packaged
• Standalone

Cybersecurity Insurance Market byCompliance Requirement

• Market Overview
• Healthcare Compliance
• Financial Services Compliance
• GDPR Compliance
• Data Privacy Compliance
• Other Compliances

Cybersecurity Insurance Market byEnd User

• Market Overview
• Technology Providers
  • Insurance Companies
  • Data Breach Protection
  • Business Interruption Coverage
  • Ransomware Protection
  • Third-Party Administrators (TPAS), Brokers, And Consultancies
  • Policy Administration (TPAs)
  • Claim Advocacy (Brokers)
  • Risk Assessment and Mitigation (Consultancies)
  • Government Agencies
  • Data Breach Protection
  • Business Interruption Coverage
  • Ransomware Protection
• Insurance Providers
  • Financial Services
  • Risk Assessment and Mitigation
  • Cyber Extortion Coverage
  • Ransomware Protection
  • IT and ITEs
  • Protection for Sensitive Client Data
  • Intellectual Property Protection
  • Comprehensive Coverage for IT Infrastructure
  • Healthcare and Life Sciences
  • Protected Health Information (PHI) Data Breach Coverage
  • Regulatory Compliance Support
  • Cybersecurity Incident Response Support
  • Retail and Ecommerce
  • Ecommerce Website Protection
  • Supply Chain Cyber Risk Coverage
  • Brand Reputation Management
  • Telecom
  • Network Security Coverage
  • Communication Infrastructure Protection
  • Customer Notification and Support
  • Travel, Tourism, and Hospitality
  • Reservation System and Booking Protection
  • Payment Card Data Protection
  • Data Breach Notification Costs
  • Other Insurance Providers

Cybersecurity Insurance Market Size by Region

• Market Overview
• North America
  • USA
  • Canada
• Europe
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East & Africa (MEA)
  • GCC Countries
  • South Africa
  • Rest of MEA

Competitive Landscape

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Activities in the Market
• Key Companies Market Share (%), 2023

Key Company Profiles

• Bitsight (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Prevalent (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• RedSeal (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Security Scorecard (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cyber Indemnity Solutions (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Microsoft (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Check Point (Israel)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• AttackIQ (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SentinelOne (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• CyberArk (Israel)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• CYE (Israel)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SecurIT360 (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Founder Shield (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Chubb (Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• AIG (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Travelers (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Beazley (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Allianz (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Aon (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Arthur J. Gallagher (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Axis Capital (Bermuda)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• CNA (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Fairfax (Canada)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Liberty Mutual Holding (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Lloyd's of London (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Lockton (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Munich Re (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sompo International (Bermuda)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• At-Bay (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Coalition (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Resilience (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kovrr (Israel)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sayata Labs (Israel)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Zeguro (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SafeBreach (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cronus Cyber Technologies (Israel)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments