India Cyber Insurance Market Report by Component (Solution, Services), Insurance Type (Packaged, Stand-alone), Organization Size (Small and Medium Enterprises, Large Enterprises), End Use Industry (BFSI, Healthcare, IT and Telecom, Retail, and Others), and Region 2024-2032

India Cyber Insurance Market Report by Component (Solution, Services), Insurance Type (Packaged, Stand-alone), Organization Size (Small and Medium Enterprises, Large Enterprises), End Use Industry (BFSI, Healthcare, IT and Telecom, Retail, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A21302
Buy Now

Market Overview:

India cyber insurance market size reached US$ 296.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 3,556.5 Million by 2032, exhibiting a growth rate (CAGR) of 30.80% during ​2024-2032​. The rising awareness among individuals towards the need for proactively managing and mitigating risks in the digital realm is primarily driving the market growth across the country.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 296.3 Million
Market Forecast in 2032
US$ 3,556.5 Million
Market Growth Rate 2024-2032 30.80%


Cyber insurance is formulated to provide safeguarding against online risks for both businesses and individual users. Its coverage extends to financial losses resulting from incidents, such as data breaches, network impairments, and cyber extortion. This encompasses a range of expenses, including legal fees, notification costs, identity protection services, and public relations expenditures. The intention behind cyber insurance is to incentivize the adoption of robust cybersecurity practices, thereby diminishing the overall susceptibility to cyberattacks. Furthermore, it aids in adherence to legal and regulatory mandates concerning data protection and privacy. The utilization of cyber insurance is prevalent among banks and financial institutions as a means to shield themselves from risks associated with online transactions and digital banking. Its application is not limited to the financial sector; it is also relevant for small and medium enterprises, along with large corporations heavily reliant on digital technology. By providing a financial safety net, cyber insurance plays a crucial role in mitigating the potential impact of cyber threats, promoting a proactive approach to cybersecurity across various sectors.

India Cyber Insurance Market Trends:

The India cyber insurance market has experienced substantial growth in response to the escalating threats and vulnerabilities in the digital landscape. With an increasing reliance on technology, businesses and individuals in country are recognizing the critical importance of protecting themselves against the potentially devastating consequences of cyberattacks. This burgeoning market addresses various costs incurred in the aftermath of a cyber incident, encompassing legal fees, notification expenses, identity protection services, and public relations costs. Additionally, small and medium enterprises (SMEs) and large corporations across various industries are increasingly recognizing the need for cyber insurance as they navigate the digital landscape. Furthermore, the India cyber insurance market plays a pivotal role in assisting businesses and individuals in complying with legal and regulatory requirements pertaining to data protection and privacy. As such, the integral role of cyber insurance in fortifying India's cybersecurity posture and fostering a resilient digital ecosystem is expected to fuel the market growth in the coming years.

India Cyber Insurance Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2024-2032​. Our report has categorized the market based on component, insurance type, organization size, and end use industry.

Component Insights:

India Cyber Insurance Market

  • Solution
  • Services
     

The report has provided a detailed breakup and analysis of the market based on the component. This includes solution and services.

Insurance Type Insights:

  • Packaged
  • Stand-alone
     

A detailed breakup and analysis of the market based on the insurance type have also been provided in the report. This includes packaged and stand-alone.

Organization Size Insights:

  • Small and Medium Enterprises
  • Large Enterprises
     

The report has provided a detailed breakup and analysis of the market based on the organization size. This includes small and medium enterprises and large enterprises.

End Use Industry Insights:

  • BFSI
  • Healthcare
  • IT and Telecom
  • Retail
  • Others
     

A detailed breakup and analysis of the market based on the end use industry have also been provided in the report. This includes BFSI, healthcare, IT and telecom, retail, and others.

Regional Insights:

India Cyber Insurance Market by Region

  • North India
  • West and Central India
  • South India
  • East and Northeast India
     

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Cyber Insurance Market Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
  • Component
  • Insurance Type
  • Organization Size
  • End Use Industry
  • Region
Components Covered Solution, Services
Insurance Types Covered Packaged, Stand-alone
Organization Sizes Covered Small and Medium-sized Enterprises (SMEs), Large Enterprises,
End Use Industries Covered BFSI, Healthcare, IT and Telecom, Retail, Others
Regions Covered North India, West and Central India, South India, East and Northeast India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the India cyber insurance market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the India cyber insurance market?
  • What is the breakup of the India cyber insurance market on the basis of component?
  • What is the breakup of the India cyber insurance market on the basis of insurance type?
  • What is the breakup of the India cyber insurance market on the basis of organization size?
  • What is the breakup of the India cyber insurance market on the basis of end use industry?
  • What are the various stages in the value chain of the India cyber insurance market? 
  • What are the key driving factors and challenges in the India cyber insurance?
  • What is the structure of the India cyber insurance market and who are the key players?
  • What is the degree of competition in the India cyber insurance market? 

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India cyber insurance market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the India cyber insurance market.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India cyber insurance industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
India Cyber Insurance Market Report by Component (Solution, Services), Insurance Type (Packaged, Stand-alone), Organization Size (Small and Medium Enterprises, Large Enterprises), End Use Industry (BFSI, Healthcare, IT and Telecom, Retail, and Others), and Region 2024-2032
Purchase Options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARATI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More
DEinternational Egypt

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

Read More
Gulf Excellent Group

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Read More
FS Corporation Inc.

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

Read More
Egyptian Industrial Investment Group

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

Read More
Vishnu Chemicals

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

Read More
MOUNT EVEREST BREWERIES LIMITED

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

Read More
Borges Branded Foods

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

Read More
Godrej Consumer Products Limited

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

Read More
ADC Therapeutics

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

Read More
Ivanti

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

Read More
Asiatic Electrical & Switchgear P. Ltd.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Read More
Denka Co., Ltd.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.

Read More