Global Digital Door Lock Market Demand & Opportunity Outlook 2021

Adds “
Liability Insurance
Market -Market Demand, Growth,
Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2022”
To Its Research Database.
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Covered In This Report:
liability insurance
is introduced to cover
business liability from data breach and other cyber threats.Cyber insurance
helps to protect the business in the event of a data breach or other cyber
threat. The business environment is changing across the globe on account of
rising number of startups and increasing penetration of internet services. The
advancement in web services and improvement in software systems are shifting
the business towards digitization. Rapid adoption of web integrated services
and introduction of business process automation in large and small enterprises
are consecutively increasing the risk of cyber breach and threats. Small
companies are providing web services to their customers which have high risk of
cyber threat due to absence of security structures in the business. Cyber
liability insurance ensures the security of customer’s personal information as
well as the confidential details of the company. Small and medium enterprises
are adopting these services to minimize the risk of cyber threats.
On the other hand, huge
funding from government authorities to upgrade the public agencies has led these
agencies towards the adoption of cyber liability insurance. The cyber liability
insurance providers enable the services to reduce the presence of business
interruption on web based business. Moreover, growing IT sector across the
globe and continuous advancements in web-based services and internet security
are some of the factors which are bolstering the growth of cyber liability
insurance market.
Market size and forecast
The global cyber
liability insurance
market marked revenue of
USD 2.2 Billion in 2015 and the market is expected to reach USD 4.6 Billion by
2023. Further, the market is projected to register a CAGR of 11.12% during the
forecast period 2016-2023 globally.
Geographically, the
maximum number of cyber-attacks has been seen in North-America in 2014. Total
number of 7,501 cyber-attacks has been registered in the U.S. only while 245
cyber-attacks including digital and data breach has been registered in Canada
in 2014. Increasing number of cyber-attacks in North-America region and growing
awareness towards cyber liability insurance are some of the major factors which
are expected to foster the market growth of this region. North-America
accounted the largest market share in cyber liability insurance market across
the globe in 2015 and is expected to maintain its dominance over the forecast
period i.e. 2016-2023.
On the other hand, Europe
is expected to be the second largest region present with highest number of
cyber-attacks. Rising business activities and adoption of web based services
across the Europe region is also increasing the risk of privacy violations and
theft of personal information. In order to minimize the cyber-attacks and to
prevent the confidential and personal information, enterprises are shifting
towards cyber liability insurance services.
Market Segmentation
Our in-depth analysis
segmented the global
liability insurance
market in the following
By Coverage
Cyber-related business
Regulatory Defense
Computer Fraud
Fund Transfer Fraud
Contingent Business
Cyber Extortion
Internet Media Liability
By End-User
Wholesale & Retail
Mining & Construction
Public Administration
Baking, financial
Services & Insurance (BFSI)
By Region
Global Cyber Liability
Insurance Market is further classified on the basis of region as follows:
North America (United
States /U.S. & Canada)
Latin America (Brazil,
Mexico, Rest of Latin America)
Western and Eastern
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands
& Luxembourg, Rest of Western Europe)
Asia-Pacific (China,
India, Japan, Singapore, Australia, New Zealand, South Korea and Rest of Asia)
Middle East and North
Africa (MENA)
Rest of World
Growth Drivers and
Increasing number of
retail and finance services due to ease of doing business policies in various
regions across the globe is increasing the risk of cyber breaches and cyber
threats. Rising small enterprises with lack of security protection of web
services is increasing the number of cases related to cyber breach. Further,
due to increasing cyber breach and growing awareness towards the cyber
liability insurance are some of the major factors which are driving this
industry across the globe. Likewise, rising cyber-attacks in retail, wholesale,
healthcare and many more industries has increased the demand in these end-user
industries in order to reduce the cyber-attacks. Moreover, increasing computer
fraud and cyber extortion due to dearth of security for internet services is
further increasing the demand from end-use industries across the globe.
However, high cost of cyber liability insurance services and lack of service
vendors across the globe are some of the key factors which are hindering the
market of cyber liability insurance. Apart from this, presence of complexities
in insurance coverage and slow adoption of these services in small and medium
enterprises are likely to curb the growth of cyber liability insurance industry
in near future.
Key Players
The key players of global cyber liability insurance market as follows:
Ace Insurance
Company Overview
Key Product Offerings
Business Strategy
SWOT Analysis
America International
Group, Inc.
Beazley PLC
CNA Financial Corporation
Hiscox LTD.
Zurich Insurance Group
Chubb Limited
Scope and Context
Overview of the Parent
Analyst View
The Global Cyber
Liability Insurance Market is segmented as follows:
By Coverage type Market
Size and Y-O-Y Growth Analysis
By End-User type Market
Size and Y-O-Y Growth Analysis
By Regions
North America (U.S.,
Canada) Market Size and Y-O-Y Growth Analysis
Latin America (Mexico,
Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis
Western and Eastern
Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western
Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth
Asia-Pacific (China,
India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia)
Market Size and Y-O-Y Growth Analysis
Middle East and North
Africa (MENA) Market Size and Y-O-Y Growth Analysis
Rest of World  Market Size and Y-O-Y Growth Analysis
Market Dynamics
Supply and Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic
Key Players (respective
SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and
Industry Growth Drivers
and Challenges
Key Information for
Players to establish themselves in current dynamic environment
Make An Enquiry Before Buying This Report@ .
Buy Now @
Contact Us:
Norah Trent
Partner Relations & Marketing Manager
Ph: +1-646-845-9349 (Us) 
Ph: +44 208 133 9349 (Uk) 

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