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Cyber Insurance Market Size, Share, Trends and Future Growth Predictions and Forecast 2019-2025

Cyber Insurance Market Size, Share, Trends and Future Growth Predictions and Forecast 2019-2025

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Cyber Insurance Market Size, Share, Trends and Future Growth Predictions and Forecast 2019-2025

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  1. Cyber Insurance Market Size, Share & Trends Analysis Report By Organization (SMB, Large Enterprise), By Application (BFS, Healthcare, IT & Telecom), And Segment Forecasts, 2019 - 2025 The global cyber insurance market size is expected to reach USD 19.2 billion by 2025, expanding at a CAGR of 25.6% over the forecast period JULY 08, 2019:The global cyber insurance market size is expected to reach USD 19.2 billion by 2025, expanding at a CAGR of 25.6% over the forecast period, according to a new report by Radiant Insights, Inc. Cyber insurance is anticipated to aid businesses in minimizing losses incurred due to potential threats of cybercrimes such as ransomware, malware, distributed denial-of-service attacks, or other threats, which can severely compromise a network. Cyber insurance covers the liability of a business for breach of data, comprising sensitive customer information such as credit card details, social security numbers, drivers' license numbers, account details, and health records. To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/cyber-insurance-market/request- sample Technological advancements have proliferated the use of Internet of Things (IoT), artificial intelligence (AI), robotics, and virtual reality (VR) and augmented reality (AR), thereby positively influencing the use of these technologies at workplaces and homes. However, these developments have created new threat vectors. The insurance industry enables an organization or consumers to minimize cyber risks associated with these emerging threats. To Browse Full Research Report @: https://www.radiantinsights.com/research/cyber-insurance-market Follow Us:

  2. Demand for cyber insurance primarily originated from IT, banking, media, and telecom firms, which are exposed to severe cyberattacks. These firms demand robust cybersecurity structure against malware attacks and loss of confidential information of clients. However, cyberattacks and threats are inevitable as hackers have developed sophisticated ways of targeting different businesses. The types of cyberattacks against businesses are continually evolving and cyber insurance acts as a convenient solution for organizations to receive compensation for financial losses incurred. Growing awareness of cyberattacks has enabled organizations to understand, address, and diversify their risk strategies. Rising demand for cyber insurance protection coverage in areas beyond retail, healthcare, and financial institutions, such as professional services, is further driving the market. Cyber risk insurance is anticipated to be an alternative way to mitigate damage caused by breach of data. Insurers evaluate the strength of a company's cybersecurity stance before issuing any policy. However, if an organization has not invested in appropriate cybersecurity solutions, then it may not qualify for insurance. Stringent legislation concerning cybersecurity in several states in the U.S. has led to greater penetration of cyber liability policies. The U.S. cyber insurance market has witnessed exponential growth in the recent past. Presence of key players in the country is further strengthening the domestic market. Rapid industrialization in developing economies such as China, India, and other South Asian countries is anticipated to drive the Asia Pacific market. This regional market is expected to exhibit the highest CAGR over the forecast period. Rising number of small and medium businesses in the region is anticipated to create a substantial demand for cyber insurance businesses. Further key findings from the report suggest: • The global cyber insurance market was valued at USD 4.3 billion in 2018 and is expected to exhibit a CAGR of 25.6% from 2019 to 2025 • The large enterprise segment accounted for dominant share of over 85.0% in 2018. The SMB segment, on the other hand, is anticipated to register the highest CAGR of 15.3% over the forecast period • The BFSI application segment accounted for a revenue share of over 24.0% in 2018. The healthcare segment is anticipated to expand at the fastest pace over the forecast period • Key players operating in the market include AON Plc; American International Group, Inc.; Allianz Group; Berkshire Hathaway; and Lockton Companies, Inc. • The North America market accounted for the largest revenue share of over 76.0% in 2018 Follow Us:

  3. Table of Contents Chapter 1 Methodology and Scope 1.1 Market segmentation and scope 1.2 Market definition 1.3 Information procurement 1.3.1 Purchased database 1.3.2 GVR's internal database 1.3.3 Secondary sources and third-party perspectives Chapter 2 Executive Summary 2.1. Market Outlook 2.2. Segment Outlook 2.3. Competitive Insights Chapter 3 Cyber Insurance Variables, Trends, and Scope 3.1 Market Lineage Outlook 3.1.1 Parent Market Outlook 3.2 Cyber Insurance - Penetration and growth prospect mapping Chapter 4 Cyber Insurance Market: Organization Estimates & Trend Analysis 4.1 Cyber insurance market: Organization movement analysis 4.1.1 SMB Market Estimates & Trend Analysis, 2015 - 2025 (USD Billion) 4.1.2 Large Enterprise Market Estimates & Trend Analysis, 2015 - 2025 (USD Billion) Continued… To See More Reports of This Category by Radiant Insights: https://www.radiantinsights.com/catalog/ict Follow Us:

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  5. About Radiant Insights, Inc: Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions. Contact Details: Michelle Thoras Corporate Sales Specialist, USA Radiant Insights, Inc 201 Spear St #1100, Suite #3036, San Francisco, CA 94105, United States Phone: 1-415-349-0054 Toll Free: 1-888-202-9519 Email: sales@radiantinsights.com Web: http://www.radiantinsights.com/ Follow Us:

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