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Cyber insurance market to hit $74b globally by 2033

The market was valued at $14.2b in 2024.

The world’s cyber insurance market is forecasted to average a compound annual growth rate of 17.9% from 2025 to 2033, reaching $73.5b, according to IMARC Services Private Limited.

The market was valued at $14.2b in 2024.

Growth in the cyber insurance sector is being driven by an increase in cyber threats and data breaches across industries, along with stricter regulatory and data protection laws.

The rapid adoption of AI and automation tools—whilst improving operational efficiency—has also introduced new vulnerabilities, prompting companies to seek risk mitigation through insurance coverage.
 

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