openPR Logo
Press release

Global Blockchain In Insurance Market to reach USD 4315.1 million by 2025

11-26-2018 12:17 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Forecasts

Blockchain in Insurance Market

Blockchain in Insurance Market

Global Blockchain In Insurance Market valued approximately USD 17 million in 2016 is anticipated to grow with a healthy growth rate of more than 85% over the forecast period 2017-2025. 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.

Request for a free Sample PDF download: https://www.marketsandinsights.com/request-for-sample/963

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.

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 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 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:
By Application:

GRC Management
Death & Claim Management
Payments
Identity Management & Fraud detection
Smart Contracts
By Organization Size:

SMEs
Large Scale
By Regions:

North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Get 10% discount on industry research reports, Buy Now: https://www.marketsandinsights.com/buy-now/963

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

The industry is seeming to be fairly competitive. Some of the leading market players include IBM, Oracle, Microsoft, AWS, SAP., Earthport, BTL Group, BitFury, Factom, Bitpay and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Target Audience of the Global Blockchain In Insurance Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
TABLE OF CONTENTS
Chapter 1. Global Blockchain in Insurance Market Definition and Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.2. Analysis
2.1.3. Market Estimation
2.1.4. Validation
2.1.5. Publishing
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends
Chapter 4. Global Blockchain in Insurance Market Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porter’s 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion
Chapter 5. Global Blockchain in Insurance Market, By Application
5.1. Market Snapshot
5.2. Market Performance – Potential Model
5.3. Global Blockchain in Insurance Market, Sub Segment Analysis
5.3.1. GRC Management
5.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.2. Death & Claim Management
5.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.3. Payments
5.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.3.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.4. Identity Management & Fraud detection
5.3.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.4.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.5. Smart Contracts
5.3.5.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.5.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

Get Full Blockchain in Insurance Market Industry research Report Access: https://www.marketsandinsights.com/selectedReport/963/Global-Blockchain-In-Insurance-Market-

About Us:
Global Market Forecasts is a global business intelligence and consulting firm aimed at assisting our clients to make critical business decisions and achieve exponential growth in their business.
We focus on emerging markets and technologies, and insights on niche markets. Our reports include information on recent trends and innovations. Our pool of more than 500+ off-shelf reports in each industry and customized reports based on the client’s requirement aids our client in making faster business decisions.

About Us:
Global Market Forecasts is a global business intelligence and consulting firm aimed at assisting our clients to make critical business decisions and achieve exponential growth in their business.
We focus on emerging markets and technologies, and insights on niche markets. Our reports include information on recent trends and innovations. Our pool of more than 500+ off-shelf reports in each industry and customized reports based on the client’s requirement aids our client in making faster business decisions.
Contact Us:
Tathagata Mondal
Vice President – Global Sales & Partner Relations
Global Market Forecasts
Phone: USA: +1-201-564-4683 (ext-335958)
UK: +44-330-606-0991(ext-335958)
Email: sales@globalmarketforecasts.com
Website: www.globalmarketforecasts.com
Follow Us on LinkedIn: https://www.linkedin.com/company/global-market-forecasts/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Blockchain In Insurance Market to reach USD 4315.1 million by 2025 here

News-ID: 1398707 • Views:

More Releases from Global Market Forecasts

Global Ultrasound Devices Market by Technology, Device Portability, Application, End User, Key Companies and Geography
Global Ultrasound Devices Market by Technology, Device Portability, Application, …
Market Synopsis Ultrasound has been playing a major role in medical science over the past few decades. It is the technique of capturing images through sound waves from human internal organs. The captured images are then displayed on computer monitor or a screen. Ultrasound helps to detect the causes of pain, infection & swelling and also examine the position of baby for pregnant woman. It is totally a safe diagnostic
World Humic Acid Market Overview with Detailed Analysis By Top Key Players Wilbur-Ellis Holdings, Inc.,Saint Humic Acid ,Sikko Industries Ltd.,National Pesticides & Chemicals ,Grow More Inc and Many More
World Humic Acid Market Overview with Detailed Analysis By Top Key Players Wilbu …
Humic acid is an organic compound, naturally occurring in animals, microorganisms, and plants. It is also found in aquatic environments, soil, lignite, and natural water. Humic acid helps plant to receive nutrients and water. In addition, it is an excellent adsorbent of organic contaminants in soils and supports microbial colonization. High humic acid levels are likely to increase yields dramatically. Humic acid is majorly used in agriculture & horticulture, however,
Gluten Free Foods Market Analysis 2019 By Type (Pizzas & Pastas, Condiments & Dressings, Bakery Products, Snacks & RT e Products), By Source (Plant Source and Animal Source), By Distribution Channel (Drugstores & Pharmacies, Conventional Stores, and Wareh
Gluten Free Foods Market Analysis 2019 By Type (Pizzas & Pastas, Condiments & Dr …
Gluten Free Foods Market Synopsis Over the past few years, the trend of gluten-free foods has been increasing rapidly. Gluten-free foods help to control the cholesterol level. Gluten-free food products are found both in plant and animal sources. Increasing awareness on benefits of gluten-free food and celiac diseases are expected to propel the demand for gluten-free products in the coming years. The gluten-free foods market has been witnessing significant growth over the
Medical Marijuana Market Overview, Revenue and Demand Forecast 2018 – 2025 | AusCann Group Holdings Pty Ltd, Botanix Pharmaceuticals, Cann Group Limited, Creso Pharma Ltd,The Hydroponics Company Limited, Medlab Clinical Ltd., MGC Pharmaceuticals Ltd.,Ro
Medical Marijuana Market Overview, Revenue and Demand Forecast 2018 – 2025 | A …
Medical Marijuana Market report studies the  status and outlook of Global and major regions, from angles of players, countries and end industries; this report analyses the top players in the global market, and splits the Medical Marijuana Market by Application, by Technology and by Geography. Also highlighted are the Statistics, Market Size, Recent trends, Drivers and Restraints, Opportunities, etc. Medical marijuana refers to cannabis which are specially recommended by doctors for

All 4 Releases


More Releases for Blockchain

Blockchain Security Market Set for Explosive Growth | DMG Blockchain Solutions, …
Global Blockchain Security Market Growth (Status and Outlook) 2021-2026 is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Blockchain Security Market. Some of the key players profiled in the study are Oracle, IBM, Kaspersky, Gemalto,
Impact of Outbreak of Coronavirus (Covid-19) on Blockchain in IOT Market by 2027 …
The Blockchain in IOT market is expected to garner $6000 million and rise at a CAGR of 70% during the forecast period from 2019 to 2027. A new market report titled “Blockchain in IOT Market” has been added to the repository of Research N Reports. This report provides comprehensive assessment of the current trends, restrains and futuristic opportunities, which are anticipated to provide lucrative avenues for market proliferation. An in-depth description
Global Blockchain Masrket 2019-2025: Blockchain Inc., Amazon AWS, Abra (US), Del …
Recent Research and the Current Scenario as well as Future Market Potential of " Blockchain Market in Global Industry: Market Development, Analysis and Overview 2019 "globally. Global Blockchain Industry was valued at USD 357.8 Million in the year 2017. Global Blockchain Industry is further estimated to grow at a CAGR of 74.4% from 2019 to reach USD 30.74 Billion by the year 2025. North America region holds the highest Industry share
Oodles Blockchain Uses Top Blockchain Platforms To Expedite Blockchain Adoption
With an aim to leverage the blockchain technology to change the centralized system and make it decentralized, Oodles Blockchain has decided to use top blockchain platforms to develop consumer-based blockchain applications. Oodles Blockchain, a micro-website of Oodles Technologies, developed mainly to focus on blockchain technology, is delighted to announce that it will be expanding its horizon of blockchain development services by using a few latest open source blockchain platforms like
Global Blockchain Market Forecast to 2025 | Public Blockchain, Private Blockchai …
MarketResearchReports.Biz has recently announced the Latest industry research report on: “Global Blockchain Market Insights, Forecast to 2025 “. This report presents the worldwide Blockchain market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels,
Blockchain Market In United State: By Product Type - Public Blockchain, Private …
Researchmoz added Most up-to-date research on "Blockchain Market In United State: By Product Type - Public Blockchain, Private Blockchain & Consortium Blockchain" to its huge collection of research reports. In this report, the United States Blockchain market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report splits