Data Bridge estimates the “Third Party Cyber Insurance Market” was worth $7.7 billion in 2022 and will reach $39.5 billion (numbers rounded) by 2030—a look at this latest cyber insurance market analysis.
This is a less aggressive estimate than some other cyber insurance market analysis, such as IMARC’s projection the market will reach $85 billion by 2030.
Given the wide range in definitions and market segmentations in such research reports (along with their varying quality), we tend to view them as indicative — IOW, the exact numbers are unclear, but there’s no doubt this is a large and rapidly growing market.
Find the Data Bridge report, and its list of cyber insurance providers, here.