Pune, India -- (SBWire) -- 04/25/2019 --The modern virtual environment has transformed the face of business all over the world by introducing a new level of efficiency, connectivity and productivity. However, along with the lucrative benefits, it has also resulted in the loss of hundreds of millions of dollars to the economy. For instance: In May 2017, the estimated economic loss caused by WannaCry cyber-attack was greater than $1 billion.
Rising Cyber Crime mainly fueling the growth of global cyber insurance market
According to a new report published by Reports Monitor titled, "Global Cyber Insurance, Growth Opportunities, Innovations and Forecast, 2018-2025," the Cyber Insurance was valued at XX million in 2017, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
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Increase in the number of cyber-attacks and threats forms the significant factor in propelling the growth of market. However, lack of standardized policies and low awareness regarding the cyber insurance is mainly restraining the growth of market.
This report provides a detailed analysis of Cyber Insurance, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter's analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
Global Cyber Insurance market has been segmented majorly on the basis of company size and applications. Based on company size, market is bifurcated into: small, medium and large enterprise, while on the basis of applications, market is bifurcated into: healthcare, retail, BFSI, IT and others.
The geographical analysis of global cyber insurance market primarily involves the study and analysis of: North America, Europe, Asia Pacific and LAMEA. Growing digital environment coupled with rising internet penetration forms the major factor influencing the growth of Asia Pacific region. Increased adoption of smart phone and IoT based technologies also upheld the growth of market. Growing cyber-crimes in Asian Countries is also driving the growth of global cyber insurance market.
The major key companies operating in the global Cyber Insurance market are: The major players operating in the global cyber insurance market are: American International Group, Inc., The Chubb Corporation, Zurich Insurance Co. Ltd, XL Group Ltd, Berkshire Hathaway, Allianz Global Corporate & Specialty, Munich Re Group, Lloyd's, Lockton Companies, Inc., AON PLC, BitSightTechnologies, Security Scorecard, Pivot Point Risk Analytics, Quadmetrics, Inc., and Bin Insurer Holding, LLC, Beazley Plc.
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Research Scope
The study for Cyber Insurance Market will provide market size, estimates and forecast based on the following years:
Historic data: 2015 Base Year Estimate: 2016 Forecast: 2017 to 2025
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement, several qualitative tools such as Ansoff's Matrix, PESTEL analysis, Porter's five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
1. Introduction
1.1. Market Definition
1.2. Market Scope
2. Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Cyber Insurance- Value Chain Analysis
3.3. Key Market Trend Analysis
3.3.1. Market Drivers
3.3.2. Market Restraint/Challenges
3.3.3. Market Opportunities
3.4. Porter's Five Forces Analysis
3.5. Potential Venture Avenues
3.6. Market Share Analysis, 2016
3.7. Market Overview – Cyber Insurance, Product Landscape
4. Segmentation Overview
4.1. Introduction
4.2. Market Size & Forecast, 2015 to 2025
4.2.1.1. By Company Size:
4.2.1.1.1. Small and Medium Enterprise
4.2.1.1.2. Large Enterprise
4.2.1.2. By End-Use:
4.2.1.2.1. Healthcare
4.2.1.2.2. Retail
4.2.1.2.3. Financial Services (BFSI)
4.2..2.4. Information Technology and Services
4.2.1.3. Others
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)
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Cyber Insurance Market Size, Share, Growth, Trends Market Benefits, Business Opportunities & Future Investments 2025
Cyber insurance is a financial product used to protect the business organization and individual from the risk related to cyber threats and activities.