HomeLatest NewsCyber SecurityCybersecurity insurance market to reach $35 billion by 2026: Report

Cybersecurity insurance market to reach $35 billion by 2026: Report

Preferred Source of Google

The global cybersecurity market is likely to reach $35.07 billion by 2026 growing at a CAGR of 26.6%. In 2017, the market was pegged at $4.19 billion.

According to research firm ResearchAndMarkets, the factors influencing the market growth are growing adoption of solutions and increase in cyber data breaches. However, high costs and difficulties in implementing cyber insurance are hindering the growth of the market.

The report said that based on the end user, the segment commanded significant market growth during the predicted period due to data proliferation. By geography, North America is anticipated to dominate the global market. In the US the growth is anticipated due to the large presence of cybersecurity insurance vendors.

Advertisement
Infosec Reimagined
Infosec Reimagined
Infosec Reimagined is the premier information security summit where top leaders—CISOs, CROs, CIOs, CTOs and risk executives—converge to redefine cyber resilience.
Register Now →
Digital Senate
Digital Senate
Digital Senate is a premier conference uniting government leaders, technologists and innovators to share ideas, success stories and strategies on digital governance, public sector transformation, cybersecurity and emerging technologies in India.
Register Now →
National DefTech Summit
National DefTech Summit
An annual gathering of defence technology professionals from government, public sector, enterprises and startups.
Register Now →

Some of the key players in the Cyber Security Insurance market include , Zurich Insurance Company, Berkshire Hathaway, Allianz, Lockton Companies LLP, Munich Re, and Beazley.

NEWSLETTERThe Daily BriefingThe day's top enterprise technology stories, curated by our editors. Monday to Friday.

Free. One-click unsubscribe anytime. We never share your email.

Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
Advertisement
- Advertisement -
- Advertisement -

Sony India launches 16 professional displays with anti-glare tech

Sony India has launched 16 professional display models under the BRAVIA Professional Displays BZ-P Series. Prices start at Rs 1,40,000 for displays ranging from 43 to 85 inches.

RELATED ARTICLES