Blockchain In Insurance Market to touch US$ 4315.1 Mn Globally with incredible CAGR of 85% | forecast by 2025

Businessindustryreports have new report on “Global Blockchain In Insurance Market 2018-2025”. The report provides the newest industry data and industry future trends. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Global Blockchain In Insurance Market valued approximately USD 17 million in 2016 is anticipated to grow at USD 4315.1 million by 2025 with a healthy growth rate of more than 85% over the forecast period 2018-2025.

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The major growth drivers of the market include the emerging need to have transparent and trustworthy systems, and the overall trends witnessed in the insurance sector related to increase in claims-related frauds. Companies, mostly large enterprises, get venture funding to develop supportive infrastructure for blockchain integration.

Large enterprises are expected to dominate the market in terms of market share, as such enterprises are continuously investing in their R&D activities to improve their overall performance and provide customer satisfaction. However, the Small and Medium-sized Enterprises (SMEs) segment is expected to exhibit a higher CAGR, owing to the availability of blockchain-as-a-service, provided by vendors operating in the market, which minimizes infrastructure development costs.

North America is expected to continue to dominate the market during the forecast period. The APAC region is expected to grow at the highest CAGR during the forecast period, owing to Increase in digitalization, humungous growth of IoT, and an increase in BaaS service providers in the region. Factors such as growing number of fraudulent insurance claims, increasing need to have transparent and trustworthy systems, and focus on reducing total cost of ownership are expected to drive the growth of the global blockchain in insurance market.

Key Players:

1 IBM

2 Oracle

3 Microsoft

4 AWS

5 SAP.

6  Earthport

7 BTL GroupAND MORE...

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the Blockchain In Insurance industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Blockchain In Insurance market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

Regions:

1 North America Country (United States, Canada)

2 Latin America (Brazil, Mexico)

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

Type:

1 GRC Management

2 Death & Claim Management

3 Payments

4 Identity Management & Fraud detection

5 Smart Contracts

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Table of Content:

1 Global Blockchain In Insurance Market Definition and Scope 

2 Research Methodology

3 Executive Summary 

4 Global Blockchain In Insurance Market Dynamics

5 Global Blockchain In Insurance Market, By Type

6 Global Blockchain In Insurance Market, By Insulation Material

7 Global Blockchain In Insurance Market, By Component

8 Global Blockchain In Insurance Market, By End-Use

9 Global Blockchain In Insurance Market, by Regional Analysis

10 Competitive Intelligence

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