Cyber Insurance Market To Grow 25.36% by 2029

Techsciresearch19 Dec, 2024Business

The global cyber insurance market, valued at USD 13.78 billion in 2023, is on a robust growth trajectory, driven by the increasing frequency of cyber-attacks, regulatory pressures, and the escalating reliance on digital infrastructure. As businesses and individuals become more dependent on the digital world, the financial risks associated with cyber threats have grown exponentially, making cyber insurance an essential tool in modern risk management.