Global Blockchain In Insurance Market Size study, by Application (GRC Management, Death and Claims Management, Payments, Identity Management and Fraud Detection, Smart Contracts), by Organization Size (SMEs, Large Scale), and by Regional Forecasts 2018-2025

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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.

 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 MarketThe 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

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

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)

Chapter 6.           Global Blockchain in Insurance Market, By Organization Size

6.1.         Market Snapshot

6.2.         Market Performance – Potential Model

6.3.         Global Blockchain in Insurance Market, Sub Segment Analysis

6.3.1.     SMEs

6.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

6.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

6.3.2.     Large Enterprises

6.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

6.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

Chapter 7.           Global Blockchain in Insurance Market, by Regional Analysis

7.1.         Blockchain in Insurance Market, Regional Market Snapshot (2015-2025)

7.2.         North America Blockchain in Insurance Market Snapshot

7.2.1.     U.S.

7.2.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.2.1.2. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.2.1.3. Organization Size breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.2.1.4. Industry breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.2.2.     Canada

7.2.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.2.2.2. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.2.2.3. Organization Size breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.3.         Europe Blockchain in Insurance Market Snapshot

7.3.1.     U.K.

7.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.3.1.2. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.3.1.3. Organization Size breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.3.2.     Germany

7.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.3.2.2. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.3.2.3. Organization Size breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.3.3.     France

7.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.3.3.2. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.3.3.3. Organization Size breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.3.4.     Rest of Europe

7.3.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.3.4.2. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.3.4.3. Organization Size breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.4.         Asia Blockchain in Insurance Market Snapshot

7.4.1.     China

7.4.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.4.1.2. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.4.1.3. Organization Size breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.4.2.     India

7.4.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.4.2.2. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.4.2.3. Organization Size breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.4.3.     Japan

7.4.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.4.3.2. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.4.3.3. Organization Size breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.4.4.     Rest of Asia Pacific

7.4.4.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.4.4.2. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.4.4.3. Organization Size breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.5.         Latin America Blockchain in Insurance Market Snapshot

7.5.1.     Brazil

7.5.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.5.1.2. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.5.1.3. Organization Size breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.5.2.     Mexico

7.5.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.5.2.2. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.5.2.3. Organization Size breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.6.         Rest of The World

7.6.1.     South America

7.6.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.6.1.2. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.6.1.3. Organization Size breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.6.2.     Middle East and Africa

7.6.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)

7.6.2.2. Application breakdown estimates & forecasts, 2015-2025 (USD Billion)

7.6.2.3. Organization Size breakdown estimates & forecasts, 2015-2025 (USD Billion)

Chapter 8.           Competitive Intelligence

8.1.         Company Market Share (Subject to Data Availability)

8.2.         Top Market Strategies

8.3.         Company Profiles

8.3.1.     IBM

8.3.1.1. Overview

8.3.1.2. Financial (Subject to Data Availability)

8.3.1.3. Product Summary

8.3.1.4. Recent Developments

8.3.2.     Oracle

8.3.3.     Microsoft

8.3.4.     AWS

8.3.5.     SAP.

8.3.6.     Earthport

8.3.7.     BTL Group

8.3.8.     BitFury

8.3.9.     Factom

8.3.10.   Bitpay

The Research Methodology for Global Blockchain In Insurance Market Study deeply focuses on the entire value chain of the market. However, all of the statistical estimates are purely based on the consumption/implementation side of the value chain wherein the market sizes have been calculated by analyzing the prices i.e. sale price or cost prices along with the average demand/ procedures/usage/ deployment/execution of Blockchain In Insurance across various industries / end-use/applications.

The whole Blockchain In Insurance industry has been divided into various segments i.e. Application, Organization Size and Regions and each of which is studied as an individual study by our research analysts and consultants. Each of the subsegments has been analyzed and estimated at country level to form a regional scope. After finalizing the regional and segmental revenues the total revenue for Global Blockchain In Insurance Market is calculated as a sum of all the different segments.

Some of the key data points considered under the Research Methodology to calculate the revenue for Global Blockchain In Insurance Market includes:

  • Revenues from key companies
  • Company market share analysis
  • Consumer spending analysis
  • Regional export and import analysis
  • Regulatory Trends
  • Sales revenue generated by various products/applications in different countries/geographies

The Research Methodology starts with extensive data mining, using paid & free authentic information sources such as white papers, industry journals, trade magazines, Hoovers, Factiva, Statista, news websites, technical publications, independent studies etc. a team of dedicated research analysts and associates work on all of the gathered data to extract relevant information. Key factors such as ongoing & upcoming industry trends, external & internal driving factors, restraining factors, growth opportunities and value chain analysis have been verified in order form qualitative part of the report and to back the estimation team for quantitative analysis.

We utilize a combination of top-down and bottom-up methodology for industry estimations & forecasts. Additionally, we employ data triangulation techniques to verify each of the estimates and forecasts through primary interviews and feedbacks. An extensive primary and secondary research have been conducted with the key industry people, through questionnaires, telephonic conversations, email conversations, and interviews to verify industry trends and estimations. Various government websites/portals and paid data sources are considered as a key source of secondary research.

All of the estimates are derived from simulation models which is our proprietary technique. Each of these models is different from another. These models are a combination of correlation, regression and time series analysis. Each of these models is basically divided into two types namely economic and technological. Economical models are used to determine short-term market estimates and technological models are used for long-term estimates & forecasts. Both the types are used collectively in order to derive market estimates for the base year as well as for forecast period.


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