Global Cyber Insurance Market Set to Reach USD 35.21 Billion by 2030

According to the Next Move Strategy Consulting, the global Cyber Insurance Market size is predicted to reach USD 35.21 billion by 2030, with a CAGR of 17.1% till 2030.

Cyber-attacks adversely affect the reputation of an organization and reduce its customer base, which in turn lowers business turnover. Cyber insurance helps the organization to cover financial loss, investigative expenses, criminal reward funds, and to recover post-incident public relations.

The growing adoption of cyber insurance across different industry verticals is expected to propel the growth of the global cyber insurance market throughout the forecast period.

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