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CHICAGO, Oct. 12, 2020 /PRNewswire/ — According to market research report on “Cyber Insurance Market by Component (Solutions (Analytics & Cybersecurity) and Services), Type (Standalone & Packaged), Coverage (Data Breach & Cyber Liability), Organization Size, End User (Technology & Insurance), and Region – Global Forecast to 2025”, published by MarketsandMarkets™, the Cyber Insurance Market size in the post-COVID-19 scenario is projected to grow from USD 7.8 billion in 2020 to USD 20.4 billion by 2025, at a CAGR of 21.2% during the forecast period.
The major factors driving the market include the increasing number of security breaches and cyberattacks resulting in huge financial losses, and stringent government regulations towards adoption of cyber insurance policies.
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109 – Tables 82 – Figures290 – Pages
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By organization size, the large enterprise segment to lead the market in 2020
Large enterprises are organizations that have more than 1,000 employees. These organizations invest heavily in advanced technologies for increasing overall productivity and efficiency. Large enterprises are widely opting cyber insurance solutions and are expected to invest significantly in advanced cyber insurance solutions to provide optimum security to their enterprises’ intense competitive environment.
Large enterprises have adopted cyber insurance solutions, as they use a large number of cloud …
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