Cybersecurity insurance market set to be worth $32.19 billion by 2030 as businesses respond to growing cyber threats

The global cybersecurity insurance market is expected to grow to $32.19 billion by 2030, up from $16.54 billion in 2025, according to a MarketsandMarkets report. This growth, driven by a 14.2 percent Compound Annual Growth Rate (CAGR), reflects rising cyberrisks and increasing regulatory pressure forcing businesses to invest in digital risk protection. SEE ALSO: Majority of cyber insurance ransomware claims are due to BEC As cyberattacks grow more frequent and costly, companies of all sizes are turning to insurance not just for financial protection but also to meet compliance obligations. Ransomware, data breaches, and phishing incidents have forced organizations to… [Continue Reading]