Delray Beach, FL, June 24, 2025 (GLOBE NEWSWIRE) — The Cybersecurity Insurance Market is projected to grow from USD 10.3 billion in 2023 to USD 17.6 billion by 2028, at a CAGR of 11.4% during the forecast period, according to new research report by MarketsandMarkets™
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Cybersecurity Insurance Market Dynamics:
Drivers
- Surge in mandatory cybersecurity regulations and legislations to boost demand for insurance protection
- High rate of recovery of financial losses to promote cybersecurity insurance market growth
- Increase in frequency and sophistication of cyber threats
Restraints
- Lack of awareness related to cybersecurity insurance and reluctance in choosing cybersecurity insurance over cybersecurity solutions
- Soaring cybersecurity insurance costs
Opportunities
- Exclusion of cybersecurity insurance cover from Property and Casualty (P&C) insurance
- Adoption of artificial intelligence and blockchain technology for risk analytics
Top Cybersecurity Insurance Companies include
- RedSeal (US)
- SecurityScorecard (US)
- BitSight (US)
- Prevalent (US)
- UpGuard (US)
- Cyber Indemnity Solutions (Australia)
- Cisco (US)
- Microsoft (US)
- Check Point (US)
- AttackIQ (US) and many more…
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The leading providers of cybersecurity insurance include BitSight (US), RedSeal (US), SecurityScorecard (US), Cisco (US), UpGuard (US), Microsoft (US), Check Point (US), AttackIQ (US), SentinelOne (US), Broadcom (US), Accenture (Ireland), Cylance (US), Trellix (US), CyberArk (US), CYE (Israel), SecurIT360 (US), and Founder Shield (US). Allianz (Germany), AIG (US), Aon (UK), Arthur J. Gallagher & Co …