Global Blockchain In Insurance Market Analysis, Growth Opportunities and Demand in Healthcare Foreca

Global Blockchain In Insurance Market Highlights:

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.

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Segmentation:

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.

Global Blockchain In Insurance Market Players List:

• IBM
• Oracle
• Microsoft
• AWS.
• SAP.
• Earthport
• BTL Group
• BitFury
• Factom
• Bitpay

Regional Overview:

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

Major TOC Global Blockchain In Insurance Market for Analysis

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Global Blockchain In Insurance Market – Market Dynamics

• Drivers
• Restraints
• Opportunities

Chapter 4: Global Blockchain In Insurance Market -By Application

• GRC Management
• Death & Claim Management
• Payments
• Identity Management & Fraud detection
• Smart Contracts

TOC Continued…!

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