Increasing cyber threats, stringent data protection regulations, rising digitalization, growing awareness about cyber risks, and the need for financial protection against cyberattacks boosting the growth of GCC Cyber Insurance Market during the forecast period between 2024 and 2030
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GCC Cyber Insurance Market – Industry Trends & Forecast Report, 2030
GCC Cyber Insurance Market size by value was estimated at USD 125.8 million in 2023. During the forecast period between 2024 and 2030, GCC Cyber Insurance Market size is expected to expand at a CAGR of 3.20% reaching a value of USD 155.9 million by 2030. The Cyber Insurance Market in GCC (Gulf Cooperation Council) countries is driven by rising cyber threats and data breaches, increased digital transformation across industries, regulatory requirements mandating cyber insurance, growing awareness of cybersecurity risks, and the increasing adoption of cloud computing and IoT. Additionally, the region’s expanding financial sector and the need to protect critical infrastructure further propel demand. Enhanced risk management…
