The future of the global third party cyber insurance market looks promising with opportunities in the information & communication technology, financial service, manufacturing, retail, and healthcare markets. The global third party cyber insurance market is expected to reach an estimated $27.9 billion by 2030 with a CAGR of 20.4% from 2024 to 2030. The major drivers for this market are increasing frequency and severity of cyberattacks, growing popularity of social media platform, and rising awareness towards the risks of third-party cyberattacks.
Third Party Cyber Insurance Market Insights
- Solution is expected to witness the higher growth over the forecast period.
- Within this market, information & communication technology is expected to witness the highest growth.
- North America will remain the largest region over the forecast period due to existence of market players and increasing awareness amongst small to medium sized businesses about cyber insurance in the region.
Third Party Cyber Insurance by Segment
The study includes a forecast for the global third party cyber insurance by component, insurance type, organization size, application, and region.
Third Party Cyber Insurance Market by Component [Shipment Analysis by Value from 2018 to 2030]:
- Solutions
- Services
Third Party Cyber Insurance Market by Insurance Type [Shipment Analysis by Value from 2018 to 2030]:
- Packaged
- Standalone
Third Party Cyber Insurance Market by Organization Size [Shipment Analysis by Value from 2018 to 2030]:
- Large Enterprises
- Small & Medium-Sized Enterprises
Third Party Cyber Insurance Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Information & Communication Technology
- Financial Services
- Manufacturing
- Retail
- Healthcare
- Others
Third Party Cyber Insurance Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
Third Party Cyber Insurance Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies third party cyber insurance companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.
Some of the third party cyber insurance companies profiled in this report include:
- Accenture
- Aon
- IBM
- CyberArk Software
- Oracle
- F5
- FireEye
- Forcepoint
- Fortinet
- Amazon Web Services
Key Features of the Global Third Party Cyber Insurance Market Report
- Market Size Estimates: Third party cyber insurance market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Third party cyber insurance market size by various segments, such as by component, insurance type, organization size, application, and region in terms of value ($B).
- Regional Analysis: Third party cyber insurance market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different components, insurance types, organization sizes, applications, and regions for the third party cyber insurance market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the third party cyber insurance market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the third party cyber insurance market by component (solutions and services), insurance type (packaged and standalone), organization size (large enterprises and small & medium-sized enterprises), application (information & communication technology, financial services, manufacturing, retail, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
Companies Mentioned
- Accenture
- Aon
- IBM
- CyberArk Software
- Oracle
- F5
- FireEye
- Forcepoint
- Fortinet
- Amazon Web Services
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
LOADING...
