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Global Blockchain In Insurance Market to reach USD 79.8 Billion by 2026.

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 2019-2026

Product Code: BAFB_60394977
Publish Date: 1-04-2019
Page: 200

Global Blockchain In Insurance Market valued approximately USD 0.6 Billion in 2016 is anticipated to grow with a healthy growth rate of more than 85% over the forecast period 2019-2026. 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
Major market player included in this report are:
IBM
Oracle
Microsoft
AWS
SAP.
Earthport
BTL Group
BitFury
Factom
Bitpay

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. 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 – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

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, 2016-2026 (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, 2016-2026 (USD Billion)
5.3.1.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.3.2.Death & Claim Management
5.3.2.1.Market estimates & forecasts, 2016-2026 (USD Billion)
5.3.2.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.3.3.Payments
5.3.3.1.Market estimates & forecasts, 2016-2026 (USD Billion)
5.3.3.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.3.4.Identity Management & Fraud detection
5.3.4.1.Market estimates & forecasts, 2016-2026 (USD Billion)
5.3.4.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.3.5.Smart Contracts
5.3.5.1.Market estimates & forecasts, 2016-2026 (USD Billion)
5.3.5.2.Regional breakdown estimates & forecasts, 2016-2026 (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, 2016-2026 (USD Billion)
6.3.1.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
6.3.2.Large Enterprises
6.3.2.1.Market estimates & forecasts, 2016-2026 (USD Billion)
6.3.2.2.Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)

Chapter 7.Global Blockchain in Insurance Market, by Regional Analysis
7.1.Blockchain in Insurance Market, Regional Market Snapshot (2016-2026)
7.2.North America Blockchain in Insurance Market Snapshot
7.2.1.U.S.
7.2.1.1.Market estimates & forecasts, 2016-2026 (USD Billion)
7.2.1.2.Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.2.1.3.Organization Size breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.2.2.Canada
7.2.2.1.Market estimates & forecasts, 2016-2026 (USD Billion)
7.2.2.2.Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.2.2.3.Organization Size breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.Europe Blockchain in Insurance Market Snapshot
7.3.1.U.K.
7.3.1.1.Market estimates & forecasts, 2016-2026 (USD Billion)
7.3.1.2.Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.1.3.Organization Size breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.2.Germany
7.3.2.1.Market estimates & forecasts, 2016-2026 (USD Billion)
7.3.2.2.Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.2.3.Organization Size breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.3.France
7.3.3.1.Market estimates & forecasts, 2016-2026 (USD Billion)
7.3.3.2.Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.3.3.Organization Size breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.4.Rest of Europe
7.3.4.1.Market estimates & forecasts, 2016-2026 (USD Billion)
7.3.4.2.Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.3.4.3.Organization Size breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.Asia Blockchain in Insurance Market Snapshot
7.4.1.China
7.4.1.1.Market estimates & forecasts, 2016-2026 (USD Billion)
7.4.1.2.Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.1.3.Organization Size breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.2.India
7.4.2.1.Market estimates & forecasts, 2016-2026 (USD Billion)
7.4.2.2.Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.2.3.Organization Size breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.3.Japan
7.4.3.1.Market estimates & forecasts, 2016-2026 (USD Billion)
7.4.3.2.Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.3.3.Organization Size breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.4.Rest of Asia Pacific
7.4.4.1.Market estimates & forecasts, 2016-2026 (USD Billion)
7.4.4.2.Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.4.4.3.Organization Size breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.5.Latin America Blockchain in Insurance Market Snapshot
7.5.1.Brazil
7.5.1.1.Market estimates & forecasts, 2016-2026 (USD Billion)
7.5.1.2.Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.5.1.3.Organization Size breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.5.2.Mexico
7.5.2.1.Market estimates & forecasts, 2016-2026 (USD Billion)
7.5.2.2.Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.5.2.3.Organization Size breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.6.Rest of The World
7.6.1.South America
7.6.1.1.Market estimates & forecasts, 2016-2026 (USD Billion)
7.6.1.2.Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.6.1.3.Organization Size breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.6.2.Middle East and Africa
7.6.2.1.Market estimates & forecasts, 2016-2026 (USD Billion)
7.6.2.2.Application breakdown estimates & forecasts, 2016-2026 (USD Billion)
7.6.2.3.Organization Size breakdown estimates & forecasts, 2016-2026 (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
Chapter 9.Research Process
9.1.Research Process
9.1.1.Data Mining
9.1.2.Analysis
9.1.3.Market Estimation
9.1.4.Validation
9.1.5.Publishing
9.1.6.Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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