Blockchain in Insurance Market By Solution ( Customer Centricity, Profit and Risk Control), By Type ( Microinsurance, Parametric insurance), By Application (Fraud Prevention), By Region (Asia-Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast 2019 To 2024

 

Blockchain in Insurance Market: Summary

The global blockchain in insurance market is estimated to reach USD 1.7 Billion in 2024 at a CAGR of 78.7%. Increasing transparency and security, increasing the efficiency and accuracy for billing and settlement processes, and rising in the adoption of supply chain market expected to drive the blockchain in insurance market. However, limited scalability for public act as a restrain to the market during the forecast period. Increasing growth of digital identification and impact of artificial intelligence in BFSI sector is identified as an opportunity for blockchain in insurance market.

Blockchain is a shared and immutable ledger for capturing the transactions, building the trust, and tracking the assets. Blockchain in insurance are used for record the transactions, for faster processing of data, and for the security.

Some key players in blockchain in insurance IBM CorporationOracle Copropration, Microsoft Corporation, Amazon Web Services, Inc., SAP SE, Earthport PLC., Interbit, Bitfury Group Limited., Digital Asset Holdings, LLC and Factom among other.

Blockchain In Insurance Market

 

Blockchain in Insurance Market: Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global blockchain in insurance market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of solution, the market is segmented into customer centricity, business networks, responsive workforce, profit and risk control and finance, investments, and compliance. By type the blockchain in insurance market is segmented property and casualty insurance, microinsurance, peer-to-peer insurance, parametric insurance and others. By application the market is segmented into fraud prevention, risk prevention, data security, payment, digital identification and others.

Blockchain in Insurance Market: Report Scope

The report on the blockchain in insurance market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

 

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2017-2024

Base Year for Market Calculation

2018

Forecasted Period

2019-2024 (2019 estimated year, forecasted up to 2024)

Measured Units

Value (USD Million)

Segments Included

Solution, Types,  Application

Regional Coverage

Asia-Pacific, North America, Europe, Middle East & Africa, South America

Companies Covered

  • IBM Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Microsoft Corporation
  • Oracle Corporation
  • Amazon Web Services, Inc.
  • SAP SE
  • Earthport PLC
  • Interbit
  • Bitfury Group Limited.
  • Digital Asset Holdings, LLC
  • Factom
  • Other Key Companies

Blockchain in Insurance Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

BLOCKCHAIN IN INSURANCE Market, by Solution

  • Customer Centricity
  • Business Networks
  • Responsive Workforce
  • Profit and Risk Control
  • Finance, Investments, and Compliance

Blockchain in Insurance Market, by Type

  • Property and Casualty Insurance
  • Microinsurance
  • Peer-to-Peer Insurance
  • Parametric insurance
  • Others

Blockchain in Insurance Market by, Application

  • Fraud Prevention
  • Risk Prevention
  • Data Security
  • Payment
  • Digital Identification
  • Others

Blockchain in Insurance Market by, Region

  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Taiwan
    • Rest of Asia-Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Russia
    • France
    • Italy
    • UK
    • Spain
    • The Netherlands
    • Rest of Europe
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions answered by the report

  • What are the major developments impacting the blockchain in insurance market and its growth?
  • What will be the effects of the developments in the blockchain in insurance market on the industry and on the market players in the near and far future?
  • What are the evolving types of the blockchain in insurance market?
  • What are the evolving applications of blockchain in insurance market?
  • What are the major characteristics that will affect the blockchain in insurance market growth during the study period?
  • Who are the key players operating in the blockchain in insurance market?
  • How are the major players leveraging in the existing market conditions?

Report Audience

  • Blockchain in Insurance Market Providers
  • Blockchain in Insurancemarket Solution and Services Suppliers, Distributors, And Dealers
  • End-Users of Varied Segments of Military Communication market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE BLOCKCHAIN IN INSURANCE MARKET STUDY

1      INTRODUCTION

1.1       Research Objectives

1.2       Market Definition

1.3       Research Scope

1.4       Regional Coverage

1.5       Research Timeline

1.6       Assumptions

1.7       Limitations

2      RESEARCH DESIGN & SCOPE

2.1       Introduction

2.2       Primary Research

                                  2.2.1    Key Industry Expert Insight

2.3       Secondary Research

                                  2.3.1    Vital Data from Secondary Sources

2.4       Market Size Estimation

2.5       Data Validation & Triangulation

3      EXECUTIVE SUMMARY

4      MARKET DYNAMICS

4.1       Introduction

4.2       Drivers

                                 4.2.1.    Increasing Transparency and security

                                 4.2.2.    Increasing the Efficiency and Accuracy for Billing and Settlement Processes

                                 4.2.3.    Rising in the Adoption of Supply Chain Market

4.3       Restraints

                                 4.3.1.    Limited Accessibility for Public

4.4       Opportunities

                                 4.4.1.    Increasing Growth of Digital Identification

                                 4.4.2.    Impact of Artificial Intelligence in BFSI Sector

4.5       Challenges

                                  4.5.1    Increasing in Cost of Transaction and Cyber Fraud

5      INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS

5.1       Introduction

                                 5.1.1.    Power of Buyers

                                 5.1.2.    Power of Suppliers

                                 5.1.3.    Intensity of Competition

                                 5.1.4.    Challenges of Substitutes

                                 5.1.5.    Challenges of New Entrants

5.2       Macro-Economic Indicators

5.3       Technological Impact Analysis

                                  5.3.1    Artificial Intelligence

                                  5.3.2    Internet of Things (IoT)

                                  5.3.3    Big Data

6      BLOCKCHAIN IN INSURANCE MARKET BY SOLUTION, Market Size in USD Million (2017—2024)

6.1       Introduction

6.2       Customer Centricity

6.3       Business Networks

6.4       Responsive Workforce

6.5       Profit and Risk Control

6.6       Finance, Investments, and Compliance

7      BLOCKCHAIN IN INSURANCE MARKET BY TYPE, Market Size in USD Million (2017—2024)

7.1       Introduction

7.2       Property and Casualty Insurance

7.3       Microinsurance

7.4       Peer-to-Peer Insurance

7.5       Parametric insurance

7.6       Others

8      BLOCKCHAIN IN INSURANCE MARKET BY APPLICATION, Market Size in USD Million (2017—2024)

8.1       Introduction

8.2       Fraud Prevention

8.3       Risk Prevention

8.4       Data Security

8.5       Payment

8.6       Digital Identification

8.7       Others

9      BLOCKCHAIN IN INSURANCE MARKET BY REGION, Market Size in USD Million (2017—2024)

9.1       North America

                                 8.1.1.    US

                                 8.1.2.    Canada

                                 8.1.3.    Mexico

9.2       Europe

                                 8.2.1.    Germany

                                 8.2.2.    France

                                 8.2.3.    Italy

                                 8.2.4.    UK

                                 8.2.5.    Spain

                                 8.2.6.    The Netherlands

                                 8.2.7.    Rest of Europe

9.3       Asia-Pacific

                                 8.3.1.    China

                                 8.3.2.    Japan

                                 8.3.3.    India

                                 8.3.4.    South Korea

                                 8.3.5.    Taiwan

                                 8.3.6.    Rest of Asia-Pacific

9.4       Middle East & Africa

                                 8.4.1.    Saudi Arabia

                                 8.4.2.    UAE

                                 8.4.3.    Rest of Middle East

9.5       South America

                                 8.5.1.    Brazil

                                 8.5.2.    Argentina

                                 8.5.3.    Rest of South America

10   COMPETITIVE LANDSCAPE

10.1     Introduction

10.2     Market Ranking/Share Analysis of Key Companies

10.3     Company Benchmarking

11   COMPANY PROFILES

11.1     IBM Corporation

                                11.1.1    Company Overview

                                11.1.2    Financial Overview

                                11.1.3    Products/Solutions/Services Offered

                                11.1.4    Key Developments

                                11.1.5    SWOT Analysis

11.2     Oracle Corporation

11.3     Microsoft Corporation

11.4     Amazon Web Services, Inc.

11.5     SAP SE

11.6     Earthport PLC.

11.7     Interbit

11.8     Bitfury Group Limited.

11.9     Digital Asset Holdings, LLC

11.10  Factom

11.11  Other Key Companies

12   APPENDIX

12.1     Key Industry Expert Insights

12.2     Primary Discussion Guide

               12.3   Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

 

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

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