Global Blockchain In Insurance Market 2018 – Industry Growth, Analysis, Size, Share And Forecast To
Posted: Dec 17, 2018
Global Blockchain In Insurance Market to reach USD 4315.1 million by 2025.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.
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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.
Global Blockchain In Insurance Market- By Application:
- GRC Management
- Death & Claim Management
- Identity Management & Fraud detection
- Smart Contracts
Global Blockchain In Insurance Market- By Organization Size:
- Large Scale
Global Blockchain In Insurance Market Players List:
- BTL Group
Key Features of the Study:
- This Report provides in depth analysis of the Global Blockchain In Insurance Market to reach USD 4315.1 million by 2025.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 report provides insights about factors affecting the market growth.
- It provides historical and forecasts revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- It highlights the revenue mixes across different segments and points out the investment opportunities for this market.
- It profiles leading players in the global Blockchain In Insurance market based on the parameters like Company Overview, Financial Performances, Product Portfolio, Geographical Presence, Future Plans, Key Developments, Strategic Alliances, Mergers and Acquisitions.
Major TOC 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
2.1.3. Market Estimation
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
4.2. 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
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