A Glimpse of What Lies Ahead for the Cyber Insurance Market
North America Dominates the Cyber Insurance Market : North America will dominate the Cyber Insurance Market during the forecast period. The mandatory legislation regarding the cyber security in many US states has led to the emergence of cyber coverage. The cyber insurance industry in the US has become mature. Asia Pacific is expected to show a significant growth during the forecast period due to the increase in ransomware attacks. Australia is also expected to show a similar growth due to the rise in the usage of cloud computing technology and the use of mobile devices that have increased the demand for data protection.
Selected Regulatory Analysis Done in the Full Report: The Banking Financial Services and Insurance(BFSI) has the largest growth in the Cyber Insurance Market as these companies are prone to cyber-attacks. The retail and manufacturing industries will have the fastest growth during the forecast period due to more cyber challenges in the industry such as digital supply chain management and online operations.
Selected Driving Factors Mentioned in the Full Report: Growing cyber-attacks in many organisations will enhance the demand for the cyber security insurance. Increase in the levels of liability and legislative developments propel the growth of cyber insurance risk assessment. Growth of the healthcare industry drives the demand for cyber liability insurance policies. Growth of banking financial services and insurance will drive the growth of the cyber insurance market. Mandatory legalizations about cyber security spurs the demand for cyber insurance. Contact : [email protected]
Key Players of the Cyber Insurance Market •
US Marble Inc.
KingKonree International Surface Industrial Co.
Du Pont de Nemours and Company (U.S) Download Sample Report
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