Cybersecurity Insurance Market Expected to Gain $20.4 Billion by 2025
Browse in-depth TOC on "Cybersecurity Insurance Market (with COVID-19 Impact Analysis)"
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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 cybersecurity insurance solutions and are expected to invest significantly in advanced cybersecurity insurance solutions to provide optimum security to their enterprises' intense competitive environment.
Large enterprises have adopted cybersecurity insurance solutions, as they use a large number of cloud and Internet of Things (IoT)-based applications that are highly susceptible to cyberattacks. Moreover, stringent regulatory pressure is driving cybersecurity risk awareness with the need for cybersecurity insurance solutions. For example, in the US, CCPA is one of the toughest data privacy law.
North American has sustainable and well-established economies, which empower it to invest significantly in Research and Development (R&D) activities, thereby contributing to the development of new technologies in the cybersecurity insurance market. The presence of majority of key players in the cybersecurity insurance market is expected to be the major factor driving the growth of the market in this region. Key players, such as BitsSight Technologies, Prevalent,
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The technology vendors covered in the cybersecurity insurance market report include
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