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Global Cybersecurity Insurance Market Size To Exceed USD 97.74 Billion By 2032

The global cybersecurity insurance market is projected to grow from $12.89 billion in 2022 to $97.74 billion by 2032, a CAGR of 22.46%, according to Spherical Insights & Consulting. The market has evolved in response to the increasing risk of cyberattacks on individuals, corporations, and governments. Cybersecurity insurance assists organizations in recovering from cyber damages and helps protect against losses from potential cybercrimes such as ransomware, malware, and distributed denial-of-service attacks.

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