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Cyber Insurance Market Share, Size, Growth, Trends, Analysis, Outlook, Research Report and Forecast Period Of 2023-2028

The global cyber insurance market is expected to grow at a CAGR of 24.20% from 2023 to 2028, reaching a market size of $36.9 billion by 2028, up from $10.3 billion in 2022, according to a report by Expert Market Research. The growth is driven by increasing incidents of cybercrimes and the rising awareness of the benefits of cyber insurance among companies. Furthermore, mandatory data security legislation and the adoption of cyber liability insurance policies are expected to boost the market.

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