Blockchain in Insurance Market is further estimated to grow at a CAGR of 81% from 2018 to reach USD 1423 Million by the year 2023 and Market Key Players IBM (US), Oracle (US), Microsoft (US), AWS (US), SAP (Germany), Earthport (U.K), Digital Asset Holding

The Global Blockchain in Insurance is segmented as by provider, application, organization size, and by region. On the basis of application, the smart contracts application is estimated to dominate the market in 2018, owing to reduced costs of verification, execution, arbitration, and fraud prevention. On the basis of providers, the infrastructure and protocols provider segment is expected to dominate the market as various infrastructure and protocols providers are providing infrastructure and platforms, which are leveraged by application and solution providers to develop applications.

Global Blockchain in Insurance Market was valued at USD 40.47 Million in the year 2017. Global Blockchain in Insurance Market is further estimated to grow at a CAGR of 81% from 2018 to reach USD 1423 Million by the year 2023.

Ask Free Sample of report @ https://genesismarketinsights.com/Sample_Request/GENRE243

Focusing on increasingly more fraudulent insurance claims, increased need for transparent and reliable systems, and lower total cost of ownership (TCO) will drive market growth. ReportLinker said the growth of blockchain as a service and the growth of the Internet of Things will create growth opportunities for the market. However, uncertain regulatory conditions and the absence of a common standard can affect overall growth.

Key Market Players
IBM
Oracle
Microsoft
AWS
SAP
Earthport
BTL Group
Bitfury
Digital Asset Holdings
Factom
(Another brief information of 10 companies will be provided in the report)

Free Enquiry on This Report @ https://genesismarketinsights.com/Report_Enquiry/GENRE243

Major points from Table of Contents for Global Blockchain in Insurance Industry 2018 Market Research Report include:
1 Blockchain in Insurance Market Overview
2 Global Blockchain in Insurance Market Competition by Manufacturers
3 Global Blockchain in Insurance Capacity, Production, Revenue (Value) by Region (2018-2023)
4 Global Blockchain in Insurance Supply (Production), Consumption, Export, Import by Region (2018-2023)
5 Global Blockchain in Insurance Production, Revenue (Value), Price Trend by Type
6 Global Blockchain in Insurance Market Analysis by Application
7 Global Blockchain in Insurance Manufacturers Profiles/Analysis
8 Blockchain in Insurance Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Blockchain in Insurance Market Forecast (2018-2023)
13 Research Findings and Conclusion
14 Appendix

Get Free Buy Now: https://genesismarketinsights.com/Report_Enquiry/GENRE243

On the other hand, by organization type, the market is segmented as Large Enterprises and Disposable Small and Medium-Sized Enterprises for Large Enterprises segment is expected to grow at highest CAGR during the year 2018-2023. Owing to the availability of blockchain-as-a-service, provided by vendors operating in the market, which minimizes infrastructure development costs.

North America region holds the highest market share in 2017 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At the country level, China, India, and Japan are projected to grow strongly in the coming years. Being the early adopter of blockchain and cryptocurrency technologies, and the presence of the global and domestic industry players, North America is expected to continue to dominate the market during the forecast period.

About:
Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making. Genesis provides strategic plan for project execution and any operational support to help them grow their revenues. Company have faith on us to find new revenue streams, and minimizing market risks. We have accomplished our proficiency by being present in the world's 130+ most promising markets for over 20 years.

Contact Us
Genesis Market Insights
902 Broadway, 6th Floor,
New York, NY 10010,
USA
T: (212) 634-4560
Email: info@genesismarketinsights.com
Website: www.genesismarketinsights.com

This release was published on openPR.