Global Third-Party Cyber Liability Insurance Market Growth (Status and Outlook) 2025-2031
The global Third-Party Cyber Liability Insurance market size is predicted to grow from US$ 15500 million in 2025 to US$ 22400 million in 2031; it is expected to grow at a CAGR of 6.3% from 2025 to 2031.
Third-party cyber liability insurance provides liability coverage for businesses that are responsible for a client’s online security. This includes protecting clients from cyberattacks and data breaches. If a client experiences a cybersecurity breach and sues, third-party cyber liability insurance can pay for your business’s legal expenses.
The global third-party cyber liability insurance market refers to the industry segment that focuses on providing insurance coverage for businesses against the financial losses incurred due to a cybersecurity breach or the compromise of sensitive customer or third-party data. Third-party cyber liability insurance policies provide coverage for legal expenses, breach notification costs, public relations, and other liabilities related to cybersecurity incidents.
Key Factors Driving Market Growth
- Increase in cyber threats
- Stringent data protection regulations
- Growing dependence on technology
- Increasing awareness of cyber risk
- Unique coverage requirements
In summary, the global third-party cyber liability insurance market is driven by factors such as the increase in cyber threats, stringent data protection regulations, growing dependence on technology, increasing awareness of cyber risk, and unique coverage requirements. As the frequency and impact of cyber attacks continue to rise, the demand for third-party cyber liability insurance is expected to grow further in the coming years.
Segmentation by Type
- Solutions
- Services
Segmentation by Application
- Information and Communication Technology
- Financial Services
- Manufacturing
- Retail
- Healthcare
- Others
Market by Region
- Americas
- APAC
- Europe
- Middle East & Africa
Companies Coverage
- American International Group
- Cisco
- Aon Plc
- IBM
- Check Point Software Technologies
- CyberArk
- F5 Networks
- Trellix
- Forcepoint
- Fortinet Inc
- TechInsurance
- Amazon Web Services
- Oracle
- Palo Alto Networks
- Imperva
- Qualys Inc
- Accenture
- HCL Technologies Limited
- Capgemini
- Cognizant
- Gen Digita
- Broadcom Inc
- Wipro Limited
Key Questions Addressed in this Report
Frequently Asked Questions
- Global Market Players
- Geopolitical regions
- Consumer Insights
- Technological advancement
- Historic and Future Analysis of the Market