Product Code: ETC4386026 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The Thailand Cybersecurity Insurance Market is on the rise as businesses recognize the need to mitigate financial risks associated with cyber incidents. Cybersecurity insurance policies provide coverage for data breaches and related liabilities. As cybersecurity threats continue to evolve, the demand for these insurance solutions is increasing.
The Thailand Cybersecurity Insurance market is experiencing significant expansion, driven by the growing awareness of the financial impact of cyber incidents and the need for risk mitigation strategies. Cybersecurity insurance, also known as cyber insurance, provides coverage for financial losses resulting from cyberattacks, data breaches, and other cybersecurity incidents. The market growth is fueled by the increasing frequency and severity of cyber threats, the evolving regulatory landscape, and the desire to transfer some of the financial risks associated with cybersecurity. As Thailand businesses recognize the importance of cyber risk management, the Cybersecurity Insurance market is poised to be a critical component in ensuring financial resilience in the face of cyber incidents.
The Thailand Cybersecurity Insurance Market encounters challenges related to risk assessment and pricing. Determining the appropriate premiums for cybersecurity insurance policies is a complex task, given the evolving nature of cyber threats and the difficulty in quantifying potential losses. Insurers face the challenge of accurately assessing an organization cybersecurity posture and ensuring that the coverage aligns with the dynamic nature of cyber risks. As the market matures, establishing standardized risk assessment practices and collaborating with cybersecurity experts becomes crucial to overcoming these challenges.
The Cybersecurity Insurance market in Thailand underwent notable changes during the COVID-19 pandemic, with businesses recognizing the need for financial protection against the rising threats of cyber incidents. As the frequency and severity of cyberattacks increased, the demand for cybersecurity insurance surged. The market responded by offering policies that cover financial losses and liabilities resulting from cyber incidents, including data breaches and ransomware attacks. In the era of heightened cyber risks, the Cybersecurity Insurance market in Thailand continues to be a critical component, providing businesses with a proactive risk management approach.
The Thailand Cybersecurity Insurance market is evolving to address the increasing financial risks associated with cyber threats. Key players, including AIS and True Corporation, offer cybersecurity insurance solutions that provide coverage for financial losses resulting from cyber incidents, contributing to the overall risk management strategies of businesses.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Cybersecurity Insurance Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Cybersecurity Insurance Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Cybersecurity Insurance Market - Industry Life Cycle |
3.4 Thailand Cybersecurity Insurance Market - Porter's Five Forces |
3.5 Thailand Cybersecurity Insurance Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Thailand Cybersecurity Insurance Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Thailand Cybersecurity Insurance Market Revenues & Volume Share, By Coverage, 2021 & 2031F |
3.8 Thailand Cybersecurity Insurance Market Revenues & Volume Share, By End User Technology,Insurance,, 2021 & 2031F |
3.9 Thailand Cybersecurity Insurance Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
4 Thailand Cybersecurity Insurance Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Cybersecurity Insurance Market Trends |
6 Thailand Cybersecurity Insurance Market, By Types |
6.1 Thailand Cybersecurity Insurance Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Thailand Cybersecurity Insurance Market Revenues & Volume, By Component, 2021-2031F |
6.1.3 Thailand Cybersecurity Insurance Market Revenues & Volume, By Solutions , 2021-2031F |
6.1.4 Thailand Cybersecurity Insurance Market Revenues & Volume, By Services, 2021-2031F |
6.2 Thailand Cybersecurity Insurance Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Thailand Cybersecurity Insurance Market Revenues & Volume, By Standalone & Packaged, 2021-2031F |
6.3 Thailand Cybersecurity Insurance Market, By Coverage |
6.3.1 Overview and Analysis |
6.3.2 Thailand Cybersecurity Insurance Market Revenues & Volume, By Data Breach, 2021-2031F |
6.3.3 Thailand Cybersecurity Insurance Market Revenues & Volume, By Cyber Liability, 2021-2031F |
6.4 Thailand Cybersecurity Insurance Market, By End User Technology,Insurance, |
6.4.1 Overview and Analysis |
6.4.2 Thailand Cybersecurity Insurance Market Revenues & Volume, By Technology, 2021-2031F |
6.4.3 Thailand Cybersecurity Insurance Market Revenues & Volume, By Insurance, 2021-2031F |
6.5 Thailand Cybersecurity Insurance Market, By Organization Size |
6.5.1 Overview and Analysis |
6.5.2 Thailand Cybersecurity Insurance Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.5.3 Thailand Cybersecurity Insurance Market Revenues & Volume, By SMEs, 2021-2031F |
7 Thailand Cybersecurity Insurance Market Import-Export Trade Statistics |
7.1 Thailand Cybersecurity Insurance Market Export to Major Countries |
7.2 Thailand Cybersecurity Insurance Market Imports from Major Countries |
8 Thailand Cybersecurity Insurance Market Key Performance Indicators |
9 Thailand Cybersecurity Insurance Market - Opportunity Assessment |
9.1 Thailand Cybersecurity Insurance Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Thailand Cybersecurity Insurance Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Thailand Cybersecurity Insurance Market Opportunity Assessment, By Coverage, 2021 & 2031F |
9.4 Thailand Cybersecurity Insurance Market Opportunity Assessment, By End User Technology,Insurance,, 2021 & 2031F |
9.5 Thailand Cybersecurity Insurance Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10 Thailand Cybersecurity Insurance Market - Competitive Landscape |
10.1 Thailand Cybersecurity Insurance Market Revenue Share, By Companies, 2024 |
10.2 Thailand Cybersecurity Insurance Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |