In 2020, global cyber security spending is projected to reach 124 billion U.S. dollars. In comparison, the cyber insurance market during the same period is only projected to reach 8 billion U.S. dollars worth of gross written premiums. Global cyber insurance spending has been growing at a far slower pace than overall cyber security spending.
Annual cyber security and cyber insurance spending worldwide from 2015 to 2020
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Marsh, & Microsoft. (September 27, 2019). Annual cyber security and cyber insurance spending worldwide from 2015 to 2020 [Graph]. In Statista. Retrieved November 19, 2024, from https://www.statista.com/statistics/387868/it-cyber-securiy-budget/
Marsh, und Microsoft. "Annual cyber security and cyber insurance spending worldwide from 2015 to 2020." Chart. September 27, 2019. Statista. Accessed November 19, 2024. https://www.statista.com/statistics/387868/it-cyber-securiy-budget/
Marsh, Microsoft. (2019). Annual cyber security and cyber insurance spending worldwide from 2015 to 2020. Statista. Statista Inc.. Accessed: November 19, 2024. https://www.statista.com/statistics/387868/it-cyber-securiy-budget/
Marsh, and Microsoft. "Annual Cyber Security and Cyber Insurance Spending Worldwide from 2015 to 2020." Statista, Statista Inc., 27 Sep 2019, https://www.statista.com/statistics/387868/it-cyber-securiy-budget/
Marsh & Microsoft, Annual cyber security and cyber insurance spending worldwide from 2015 to 2020 Statista, https://www.statista.com/statistics/387868/it-cyber-securiy-budget/ (last visited November 19, 2024)
Annual cyber security and cyber insurance spending worldwide from 2015 to 2020 [Graph], Marsh, & Microsoft, September 27, 2019. [Online]. Available: https://www.statista.com/statistics/387868/it-cyber-securiy-budget/
