It is estimated that the global cyber insurance market will grow at a compound average of almost 25 percent per year from 2021 to 2026, to reach a total market size of almost 28 billion U.S. dollars. Generally, cyber insurance is designed to protect businesses from risks arising from the use of data and technology in business operations.
Global cyber insurance market size in 2020, with forecasts from 2021 to 2026
(in billion U.S. dollars)
Values from 2021 to 2026 have been calculated by Statista using a compound annual growth rate (CAGR) of 24.815, which interpolated based on the 2020 and 2026 values provided by the source. Note this is different from the CAGR of 24.3 percent provide by the source.
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Statista. (November 19, 2021). Global cyber insurance market size in 2020, with forecasts from 2021 to 2026 (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 29, 2022, from https://www.statista.com/statistics/1190800/forecast-cyber-insurance-market-size/
Statista. "Global cyber insurance market size in 2020, with forecasts from 2021 to 2026 (in billion U.S. dollars)." Chart. November 19, 2021. Statista. Accessed June 29, 2022. https://www.statista.com/statistics/1190800/forecast-cyber-insurance-market-size/
Statista. (2021). Global cyber insurance market size in 2020, with forecasts from 2021 to 2026 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 29, 2022. https://www.statista.com/statistics/1190800/forecast-cyber-insurance-market-size/
Statista. "Global Cyber Insurance Market Size in 2020, with Forecasts from 2021 to 2026 (in Billion U.S. Dollars)." Statista, Statista Inc., 19 Nov 2021, https://www.statista.com/statistics/1190800/forecast-cyber-insurance-market-size/
Statista, Global cyber insurance market size in 2020, with forecasts from 2021 to 2026 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1190800/forecast-cyber-insurance-market-size/ (last visited June 29, 2022)
