Blockchain in Insurance Market Deep Analysis - Sales and Revenue Industry Share by Countries

The global blockchain in insurance market is estimated to reach USD 1.7 Billion in 2024 at a CAGR of 78.7%, Observe by Forencis Research (FSR). 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 Corporation, Oracle Copropration, Microsoft Corporation, Amazon Web Services, Inc., SAP SE, Earthport PLC., Interbit, Bitfury Group Limited., Digital Asset Holdings, LLC and Factom among other.

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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.

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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

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https://www.forencisresearch.com/blockchain-in-insurance-market-to-reach-usd-1-7-billion-in-2024/

Blockchain in Insurance Market by, Application

Fraud Prevention
Risk Prevention
Data Security
Payment
Digital Identification
Others

Blockchain in Insurance Market by, Region

Asia-Pacific
North America
Europe
Middle East and Africa
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?

Table of Content

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

9.2.1. Germany

9.2.2. France

9.2.3. Italy

9.2.4. UK

9.2.5. Spain

9.2.6. The Netherlands

9.2.7. Rest of Europe

9.3 Asia-Pacific

9.3.1. China

9.3.2. Japan

9.3.3. India

9.3.4. South Korea

9.3.5. Taiwan

9.3.6. Rest of Asia-Pacific

9.4 Middle East & Africa

9.4.1. Saudi Arabia

9.4.2. UAE

9.4.3. Rest of Middle East

9.5 South America

9.5.1. Brazil

9.5.2. Argentina

9.5.3. 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

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