Third Party Cyber Insurance Market Report 2024: Global Trends, Forecast and Competitive Analysis to 2030 Featuring Accenture, Aon, IBM, CyberArk, Oracle, F5, FireEye, Forcepoint, Fortinet,...
International Business Machines Corporation (IBM)
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Source: Yahoo! Finance
The global third party cyber insurance market is expected to reach an estimated $27.9 billion by 2030 with a CAGR of 20.4% from 2024 to 2030. The future of the global third party cyber insurance market looks promising with opportunities in the information & communication technology, financial service, manufacturing, retail, and healthcare markets. The major drivers for this market are increasing frequency and severity of cyberattacks, growing popularity of social media platform, and rising awareness towards the risks of third-party cyberattacks. Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies third party cyber insurance companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production
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