Blockchain In Insurance Market by Provider, Application (GRC Management, Death & Claims Management, Identity Management & Fraud Detection, Payments, and Smart Contracts), Organization Size (Large Enterprises and SMEs), and Region - Global Forecast to 2023
The blockchain in insurance market is projected to grow at a CAGR of 84.9%
The global blockchain in insurance market size is expected to grow from USD 64.5 million in 2018 to USD 1,393.8 million by 2023, at a Compound Annual Growth Rate (CAGR) of 84.9%. Growing number of fraudulent insurance claims, increasing need to have transparent and trustworthy systems, and focus on reducing total cost of ownership are said to fuel the growth of this market. In addition, growth of blockchain as a service and the increasing penetration of Internet of Things (IoT) would create opportunities for the growth of this market. However, uncertain regulatory status and lack of common standards might hinder the overall growth of the market.
Identity management and fraud detection segment is expected to hold the largest market size during the forecast period
Globally, it is estimated, insurance companies lose over USD 80 billion to frauds every year. Blockchain is one-stop solution to reduce/combat frauds related to insurance and financial sectors. Traditionally, insurers have been relying upon physical processes to authenticate claim information related to ownership, history item, and authenticity of the product. However, with the introduction of the Distributed ledger technology(DLT)with features, such as encryption and immutability, transparency in transactions is ensured at the highest level, leaving no room for criminals to defraud the system. All these factors are expected to fuel the overall growth of this segment in the blockchain in insurance market.
APAC is projected to grow at the highest rate during the forecast period
Huge venture capital investments and the testing of blockchain solutions in Asia Pacific (APAC) have increased the adoption of the blockchain technology in the insurance sector in the region. Unlike other regions, the APAC region has the presence of several developed countries that are currently focusing on regulating the blockchain technology. Blockchain solution providers in the APAC region design and develop user-friendly, cost-effective, and faster processing blockchain platforms to enhance the application reach of DLT in insurance. Large enterprises and Small and Medium-sized Enterprises (SMEs) have been adopting venture funding strategies and are investing in R&D activities in an effort to provide technologically advanced blockchain solutions to insurance companies.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profiles of the primary participants is given below:
1. Applied Blockchain (UK)
2. Algorythmix (India)
3. Auxesis Group (India)
4. AWS (US)
5. Bitfury (US)
6. BitPay (US)
7. BlockCypher (US)
8. BTL Group (Canada)
9. Cambridge Blockchain (US)
10. ChainThat (UK)
11. Circle (US)
12. ConsenSys (US)
13. Digital Asset Holdings (US)
14. Earthport (UK)
15. Everledger (UK)
16. Factom (US)
17. Guardtime (Estonia)
18. IBM (US)
19. iXLedger (UK)
20. Microsoft (US)
21. Oracle (US)
22. RecordsKeeper (Gibraltar)
23. SafeShare Global (UK)
24. SAP (Germany)
25. Symbiont (US)
Research Coverage
The report segments the blockchain in insurance market based on providers into application and solution provider, middleware provider, and infrastructure and protocols provider. Based on organization size, the market has been segmented into large enterprises and SMEs. Based on applications, the market is segmented into GRC management, death and claims management, payments, identity management and fraud detection, smart contracts, and others (content storage management and customer communication). The regions have been segmented into North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.
Reasons to Buy the Report
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the blockchain in insurance market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders better understand the competitors and gain more insights to enhance their position in the business. The competitive landscape section includes new product launches/developments; partnerships and collaborations; mergers and acquisitions; and expansions.
The global blockchain in insurance market size is expected to grow from USD 64.5 million in 2018 to USD 1,393.8 million by 2023, at a Compound Annual Growth Rate (CAGR) of 84.9%. Growing number of fraudulent insurance claims, increasing need to have transparent and trustworthy systems, and focus on reducing total cost of ownership are said to fuel the growth of this market. In addition, growth of blockchain as a service and the increasing penetration of Internet of Things (IoT) would create opportunities for the growth of this market. However, uncertain regulatory status and lack of common standards might hinder the overall growth of the market.
Identity management and fraud detection segment is expected to hold the largest market size during the forecast period
Globally, it is estimated, insurance companies lose over USD 80 billion to frauds every year. Blockchain is one-stop solution to reduce/combat frauds related to insurance and financial sectors. Traditionally, insurers have been relying upon physical processes to authenticate claim information related to ownership, history item, and authenticity of the product. However, with the introduction of the Distributed ledger technology(DLT)with features, such as encryption and immutability, transparency in transactions is ensured at the highest level, leaving no room for criminals to defraud the system. All these factors are expected to fuel the overall growth of this segment in the blockchain in insurance market.
APAC is projected to grow at the highest rate during the forecast period
Huge venture capital investments and the testing of blockchain solutions in Asia Pacific (APAC) have increased the adoption of the blockchain technology in the insurance sector in the region. Unlike other regions, the APAC region has the presence of several developed countries that are currently focusing on regulating the blockchain technology. Blockchain solution providers in the APAC region design and develop user-friendly, cost-effective, and faster processing blockchain platforms to enhance the application reach of DLT in insurance. Large enterprises and Small and Medium-sized Enterprises (SMEs) have been adopting venture funding strategies and are investing in R&D activities in an effort to provide technologically advanced blockchain solutions to insurance companies.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profiles of the primary participants is given below:
- By company: Tier 1: 55%, Tier 2: 20%, and Tier 3: 25%
- By designation: C-level: 60%, Director level: 25%, and Others: 15%
- By region: North America: 10%, Europe: 20%, APAC: 40%, and RoW: 30%
1. Applied Blockchain (UK)
2. Algorythmix (India)
3. Auxesis Group (India)
4. AWS (US)
5. Bitfury (US)
6. BitPay (US)
7. BlockCypher (US)
8. BTL Group (Canada)
9. Cambridge Blockchain (US)
10. ChainThat (UK)
11. Circle (US)
12. ConsenSys (US)
13. Digital Asset Holdings (US)
14. Earthport (UK)
15. Everledger (UK)
16. Factom (US)
17. Guardtime (Estonia)
18. IBM (US)
19. iXLedger (UK)
20. Microsoft (US)
21. Oracle (US)
22. RecordsKeeper (Gibraltar)
23. SafeShare Global (UK)
24. SAP (Germany)
25. Symbiont (US)
Research Coverage
The report segments the blockchain in insurance market based on providers into application and solution provider, middleware provider, and infrastructure and protocols provider. Based on organization size, the market has been segmented into large enterprises and SMEs. Based on applications, the market is segmented into GRC management, death and claims management, payments, identity management and fraud detection, smart contracts, and others (content storage management and customer communication). The regions have been segmented into North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.
Reasons to Buy the Report
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the blockchain in insurance market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders better understand the competitors and gain more insights to enhance their position in the business. The competitive landscape section includes new product launches/developments; partnerships and collaborations; mergers and acquisitions; and expansions.
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.4 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primaries
2.1.2.2 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.3 RESEARCH ASSUMPTIONS
2.4 LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE BLOCKCHAIN IN INSURANCE MARKET
4.2 BLOCKCHAIN IN INSURANCE MARKET: MARKET SHARE ACROSS VARIOUS REGIONS
4.3 BLOCKCHAIN IN INSURANCE MARKET: TOP 4 APPLICATIONS AND REGIONS
5 MARKET OVERVIEW
5.1 MARKET OVERVIEW
5.1.1 DRIVERS
5.1.1.1 Growing number of fraudulent insurance claims
5.1.1.2 Increasing need to have transparent and trustworthy systems
5.1.1.3 Focus on reducing the total cost of ownership
5.1.2 RESTRAINTS
5.1.2.1 Uncertain regulatory status and lack of common standards
5.1.3 OPPORTUNITIES
5.1.3.1 Growth of BaaS
5.1.3.2 Growth of IoT
5.1.4 CHALLENGES
5.1.4.1 Lack of awareness about the blockchain technology
5.1.4.2 Lack of understanding of blockchain concept, skill sets, and technical knowledge
5.2 INDUSTRY TRENDS
5.2.1 TYPES OF BLOCKCHAIN TECHNOLOGY
5.2.1.1 Private blockchain
5.2.1.2 Public blockchain
5.2.2 BLOCKCHAIN ASSOCIATIONS AND CONSORTIUMS
5.2.2.1 Blockchain insurance industry initiative
5.2.2.2 R3CEV blockchain consortium
5.2.2.3 Cash settlement providers group
5.2.2.4 Financial blockchain shenzhen consortium (FBSC)
5.2.2.5 CU ledger
5.2.2.6 Blockchain collaborative consortium (BCCC)
5.2.2.7 Wall street blockchain alliance (WSBA)
5.2.2.8 Financial conduct authority (FCA)
5.2.2.9 Hyperledger
5.2.2.10 Global payments steering group (GPSG)
5.3 BLOCKCHAIN IN INSURANCE MARKET: USE CASES
5.3.1 USE CASE #1: MINIMIZED SETTLEMENT TIME HAS REDUCED THE COST OF COMPLETING GLOBAL PAYMENTS
5.3.2 USE CASE #2: REVOLUTIONIZING THE KYC PROCESS FOR THE INSURANCE INDUSTRY
6 BLOCKCHAIN IN INSURANCE MARKET, BY PROVIDER
6.1 INTRODUCTION
6.2 APPLICATION AND SOLUTION PROVIDER
6.3 MIDDLEWARE PROVIDER
6.4 INFRASTRUCTURE AND PROTOCOLS PROVIDER
7 BLOCKCHAIN IN INSURANCE MARKET, BY APPLICATION
7.1 INTRODUCTION
7.2 GRC MANAGEMENT
7.3 DEATH AND CLAIMS MANAGEMENT
7.4 PAYMENTS
7.5 IDENTITY MANAGEMENT AND FRAUD DETECTION
7.6 SMART CONTRACTS
7.7 OTHERS
8 BLOCKCHAIN IN INSURANCE MARKET, BY ORGANIZATION SIZE
8.1 INTRODUCTION
8.2 LARGE ENTERPRISES
8.3 SMALL AND MEDIUM-SIZED ENTERPRISES
9 BLOCKCHAIN IN INSURANCE MARKET, BY REGION
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 BY PROVIDER
9.2.2 BY APPLICATION
9.2.3 BY ORGANIZATION SIZE
9.2.4 BY COUNTRY
9.2.4.1 United States
9.2.4.2 Canada
9.3 EUROPE
9.3.1 BY PROVIDER
9.3.2 BY APPLICATION
9.3.3 BY ORGANIZATION SIZE
9.3.4 BY COUNTRY
9.3.4.1 United Kingdom
9.3.4.2 Germany
9.3.4.3 France
9.3.4.4 Rest of Europe
9.4 ASIA PACIFIC
9.4.1 BY PROVIDER
9.4.2 BY APPLICATION
9.4.3 BY ORGANIZATION SIZE
9.4.4 BY COUNTRY
9.4.4.1 China
9.4.4.2 Japan
9.4.4.3 Singapore
9.4.4.4 Australia and New Zealand
9.4.4.5 Rest of Asia Pacific
9.5 LATIN AMERICA
9.5.1 BY PROVIDER
9.5.2 BY APPLICATION
9.5.3 BY ORGANIZATION SIZE
9.5.4 BY COUNTRY
9.5.4.1 Brazil
9.5.4.2 Mexico
9.5.4.3 Rest of Latin America
9.6 MIDDLE EAST AND AFRICA
9.6.1 BY PROVIDER
9.6.2 BY APPLICATION
9.6.3 BY ORGANIZATION SIZE
9.6.4 BY SUBREGION
9.6.4.1 Middle East
9.6.4.2 Africa
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 PROMINENT PLAYERS IN THE BLOCKCHAIN IN INSURANCE MARKET
10.3 COMPETITIVE SCENARIO
10.3.1 NEW PRODUCT LAUNCHES AND PRODUCT UPGRADATIONS
10.3.2 PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS
11 COMPANY PROFILES
(Business overview, Products offered, Recent developments, MNM view, SWOT analysis)*
11.1 IBM
11.2 ORACLE
11.3 MICROSOFT
11.4 AWS
11.5 SAP
11.6 EARTHPORT
11.7 BTL GROUP
11.8 BITFURY
11.9 DIGITAL ASSET HOLDINGS
11.10 FACTOM
11.11 AUXESIS GROUP
11.12 BITPAY
11.13 CIRCLE
11.14 CAMBRIDGE BLOCKCHAIN
11.15 CHAINTHAT LIMITED
11.16 BLOCKCYPHER
11.17 SAFESHARE GLOBAL
11.18 EVERLEDGER
11.19 CONSENSYS
11.20 GUARDTIME
11.21 SYMBIONT
11.22 RECORDSKEEPER
11.23 APPLIED BLOCKCHAIN
11.24 ALGORYTHMIX
11.25 IXLEDGER
*Business overview, Products offered, Recent developments, MNM view, SWOT analysis might not be captured in case of unlisted companies.
12 APPENDIX
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
12.4 AVAILABLE CUSTOMIZATIONS
12.5 RELATED REPORTS
12.6 AUTHOR DETAILS
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.4 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primaries
2.1.2.2 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.3 RESEARCH ASSUMPTIONS
2.4 LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE BLOCKCHAIN IN INSURANCE MARKET
4.2 BLOCKCHAIN IN INSURANCE MARKET: MARKET SHARE ACROSS VARIOUS REGIONS
4.3 BLOCKCHAIN IN INSURANCE MARKET: TOP 4 APPLICATIONS AND REGIONS
5 MARKET OVERVIEW
5.1 MARKET OVERVIEW
5.1.1 DRIVERS
5.1.1.1 Growing number of fraudulent insurance claims
5.1.1.2 Increasing need to have transparent and trustworthy systems
5.1.1.3 Focus on reducing the total cost of ownership
5.1.2 RESTRAINTS
5.1.2.1 Uncertain regulatory status and lack of common standards
5.1.3 OPPORTUNITIES
5.1.3.1 Growth of BaaS
5.1.3.2 Growth of IoT
5.1.4 CHALLENGES
5.1.4.1 Lack of awareness about the blockchain technology
5.1.4.2 Lack of understanding of blockchain concept, skill sets, and technical knowledge
5.2 INDUSTRY TRENDS
5.2.1 TYPES OF BLOCKCHAIN TECHNOLOGY
5.2.1.1 Private blockchain
5.2.1.2 Public blockchain
5.2.2 BLOCKCHAIN ASSOCIATIONS AND CONSORTIUMS
5.2.2.1 Blockchain insurance industry initiative
5.2.2.2 R3CEV blockchain consortium
5.2.2.3 Cash settlement providers group
5.2.2.4 Financial blockchain shenzhen consortium (FBSC)
5.2.2.5 CU ledger
5.2.2.6 Blockchain collaborative consortium (BCCC)
5.2.2.7 Wall street blockchain alliance (WSBA)
5.2.2.8 Financial conduct authority (FCA)
5.2.2.9 Hyperledger
5.2.2.10 Global payments steering group (GPSG)
5.3 BLOCKCHAIN IN INSURANCE MARKET: USE CASES
5.3.1 USE CASE #1: MINIMIZED SETTLEMENT TIME HAS REDUCED THE COST OF COMPLETING GLOBAL PAYMENTS
5.3.2 USE CASE #2: REVOLUTIONIZING THE KYC PROCESS FOR THE INSURANCE INDUSTRY
6 BLOCKCHAIN IN INSURANCE MARKET, BY PROVIDER
6.1 INTRODUCTION
6.2 APPLICATION AND SOLUTION PROVIDER
6.3 MIDDLEWARE PROVIDER
6.4 INFRASTRUCTURE AND PROTOCOLS PROVIDER
7 BLOCKCHAIN IN INSURANCE MARKET, BY APPLICATION
7.1 INTRODUCTION
7.2 GRC MANAGEMENT
7.3 DEATH AND CLAIMS MANAGEMENT
7.4 PAYMENTS
7.5 IDENTITY MANAGEMENT AND FRAUD DETECTION
7.6 SMART CONTRACTS
7.7 OTHERS
8 BLOCKCHAIN IN INSURANCE MARKET, BY ORGANIZATION SIZE
8.1 INTRODUCTION
8.2 LARGE ENTERPRISES
8.3 SMALL AND MEDIUM-SIZED ENTERPRISES
9 BLOCKCHAIN IN INSURANCE MARKET, BY REGION
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 BY PROVIDER
9.2.2 BY APPLICATION
9.2.3 BY ORGANIZATION SIZE
9.2.4 BY COUNTRY
9.2.4.1 United States
9.2.4.2 Canada
9.3 EUROPE
9.3.1 BY PROVIDER
9.3.2 BY APPLICATION
9.3.3 BY ORGANIZATION SIZE
9.3.4 BY COUNTRY
9.3.4.1 United Kingdom
9.3.4.2 Germany
9.3.4.3 France
9.3.4.4 Rest of Europe
9.4 ASIA PACIFIC
9.4.1 BY PROVIDER
9.4.2 BY APPLICATION
9.4.3 BY ORGANIZATION SIZE
9.4.4 BY COUNTRY
9.4.4.1 China
9.4.4.2 Japan
9.4.4.3 Singapore
9.4.4.4 Australia and New Zealand
9.4.4.5 Rest of Asia Pacific
9.5 LATIN AMERICA
9.5.1 BY PROVIDER
9.5.2 BY APPLICATION
9.5.3 BY ORGANIZATION SIZE
9.5.4 BY COUNTRY
9.5.4.1 Brazil
9.5.4.2 Mexico
9.5.4.3 Rest of Latin America
9.6 MIDDLE EAST AND AFRICA
9.6.1 BY PROVIDER
9.6.2 BY APPLICATION
9.6.3 BY ORGANIZATION SIZE
9.6.4 BY SUBREGION
9.6.4.1 Middle East
9.6.4.2 Africa
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 PROMINENT PLAYERS IN THE BLOCKCHAIN IN INSURANCE MARKET
10.3 COMPETITIVE SCENARIO
10.3.1 NEW PRODUCT LAUNCHES AND PRODUCT UPGRADATIONS
10.3.2 PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS
11 COMPANY PROFILES
(Business overview, Products offered, Recent developments, MNM view, SWOT analysis)*
11.1 IBM
11.2 ORACLE
11.3 MICROSOFT
11.4 AWS
11.5 SAP
11.6 EARTHPORT
11.7 BTL GROUP
11.8 BITFURY
11.9 DIGITAL ASSET HOLDINGS
11.10 FACTOM
11.11 AUXESIS GROUP
11.12 BITPAY
11.13 CIRCLE
11.14 CAMBRIDGE BLOCKCHAIN
11.15 CHAINTHAT LIMITED
11.16 BLOCKCYPHER
11.17 SAFESHARE GLOBAL
11.18 EVERLEDGER
11.19 CONSENSYS
11.20 GUARDTIME
11.21 SYMBIONT
11.22 RECORDSKEEPER
11.23 APPLIED BLOCKCHAIN
11.24 ALGORYTHMIX
11.25 IXLEDGER
*Business overview, Products offered, Recent developments, MNM view, SWOT analysis might not be captured in case of unlisted companies.
12 APPENDIX
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
12.4 AVAILABLE CUSTOMIZATIONS
12.5 RELATED REPORTS
12.6 AUTHOR DETAILS
LIST OF TABLES
Table 1 GLOBAL BLOCKCHAIN IN INSURANCE MARKET SIZE AND GROWTH RATE, 2016–2023 (USD MILLION, Y-O-Y %)
Table 2 BLOCKCHAIN IN INSURANCE MARKET SIZE, BY PROVIDER, 2016–2023 (USD MILLION)
Table 3 APPLICATION AND SOLUTION PROVIDER: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 4 MIDDLEWARE PROVIDER: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 5 INFRASTRUCTURE AND PROTOCOLS PROVIDER: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 6 BLOCKCHAIN IN INSURANCE MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
Table 7 GRC MANAGEMENT: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 8 DEATH AND CLAIMS MANAGEMENT: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 9 PAYMENTS: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 10 IDENTITY MANAGEMENT AND FRAUD DETECTION: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 11 SMART CONTRACTS: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 12 OTHERS: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 13 BLOCKCHAIN IN INSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 14 LARGE ENTERPRISES: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 15 SMALL AND MEDIUM-SIZED ENTERPRISES: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 16 BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 17 NORTH AMERICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY PROVIDER, 2016–2023 (USD MILLION)
Table 18 NORTH AMERICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
Table 19 NORTH AMERICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 20 NORTH AMERICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 21 EUROPE: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY PROVIDER, 2016–2023 (USD MILLION)
Table 22 EUROPE: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
Table 23 EUROPE: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 24 EUROPE: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 25 ASIA PACIFIC: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY PROVIDER, 2016–2023 (USD MILLION)
Table 26 ASIA PACIFIC: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
Table 27 ASIA PACIFIC: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 28 ASIA PACIFIC: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 29 LATIN AMERICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY PROVIDER, 2016–2023 (USD MILLION)
Table 30 LATIN AMERICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
Table 31 LATIN AMERICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 32 LATIN AMERICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 33 MIDDLE EAST AND AFRICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY PROVIDER, 2016–2023 (USD MILLION)
Table 34 MIDDLE EAST AND AFRICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
Table 35 MIDDLE EAST AND AFRICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 36 MIDDLE EAST AND AFRICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY SUBREGION, 2016–2023 (USD MILLION)
Table 37 NEW PRODUCT LAUNCHES AND PRODUCT UPGRADATIONS, 2016–2018
Table 38 PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS, 2017–2018
Table 1 GLOBAL BLOCKCHAIN IN INSURANCE MARKET SIZE AND GROWTH RATE, 2016–2023 (USD MILLION, Y-O-Y %)
Table 2 BLOCKCHAIN IN INSURANCE MARKET SIZE, BY PROVIDER, 2016–2023 (USD MILLION)
Table 3 APPLICATION AND SOLUTION PROVIDER: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 4 MIDDLEWARE PROVIDER: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 5 INFRASTRUCTURE AND PROTOCOLS PROVIDER: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 6 BLOCKCHAIN IN INSURANCE MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
Table 7 GRC MANAGEMENT: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 8 DEATH AND CLAIMS MANAGEMENT: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 9 PAYMENTS: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 10 IDENTITY MANAGEMENT AND FRAUD DETECTION: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 11 SMART CONTRACTS: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 12 OTHERS: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 13 BLOCKCHAIN IN INSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 14 LARGE ENTERPRISES: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 15 SMALL AND MEDIUM-SIZED ENTERPRISES: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 16 BLOCKCHAIN IN INSURANCE MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 17 NORTH AMERICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY PROVIDER, 2016–2023 (USD MILLION)
Table 18 NORTH AMERICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
Table 19 NORTH AMERICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 20 NORTH AMERICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 21 EUROPE: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY PROVIDER, 2016–2023 (USD MILLION)
Table 22 EUROPE: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
Table 23 EUROPE: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 24 EUROPE: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 25 ASIA PACIFIC: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY PROVIDER, 2016–2023 (USD MILLION)
Table 26 ASIA PACIFIC: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
Table 27 ASIA PACIFIC: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 28 ASIA PACIFIC: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 29 LATIN AMERICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY PROVIDER, 2016–2023 (USD MILLION)
Table 30 LATIN AMERICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
Table 31 LATIN AMERICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 32 LATIN AMERICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 33 MIDDLE EAST AND AFRICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY PROVIDER, 2016–2023 (USD MILLION)
Table 34 MIDDLE EAST AND AFRICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
Table 35 MIDDLE EAST AND AFRICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 36 MIDDLE EAST AND AFRICA: BLOCKCHAIN IN INSURANCE MARKET SIZE, BY SUBREGION, 2016–2023 (USD MILLION)
Table 37 NEW PRODUCT LAUNCHES AND PRODUCT UPGRADATIONS, 2016–2018
Table 38 PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS, 2017–2018
LIST OF FIGURES
Figure 1 BLOCKCHAIN IN INSURANCE MARKET: MARKET SEGMENTATION
Figure 2 BLOCKCHAIN IN INSURANCE MARKET: REGIONAL SCOPE
Figure 3 BLOCKCHAIN IN INSURANCE MARKET: RESEARCH DESIGN
Figure 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY, DESIGNATION, AND REGION
Figure 5 DATA TRIANGULATION
Figure 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
Figure 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
Figure 8 BLOCKCHAIN IN INSURANCE MARKET: ASSUMPTIONS
Figure 9 BLOCKCHAIN: BLOCK DIAGRAM
Figure 10 GLOBAL BLOCKCHAIN IN INSURANCE MARKET IS EXPECTED TO WITNESS SIGNIFICANT GROWTH DURING THE FORECAST PERIOD (USD MILLION)
Figure 11 GLOBAL BLOCKCHAIN IN INSURANCE MARKET SNAPSHOT, BY PROVIDER, 2018–2023
Figure 12 GLOBAL BLOCKCHAIN IN INSURANCE MARKET SNAPSHOT, BY APPLICATION, 2018–2023
Figure 13 GLOBAL BLOCKCHAIN IN INSURANCE MARKET SNAPSHOT, BY ORGANIZATION SIZE, 2018–2023
Figure 14 GROWING NUMBER OF FRAUDULENT INSURANCE CLAIMS WOULD PROVIDE LUCRATIVE MARKET PROSPECTS IN THE BLOCKCHAIN IN INSURANCE MARKET
Figure 15 NORTH AMERICA IS ESTIMATED TO HOLD THE LARGEST MARKET SIZE IN 2018
Figure 16 SMART CONTRACT APPLICATIONS SEGMENT AND NORTH AMERICA ARE ESTIMATED TO HOLD THE LARGEST MARKET SIZES IN 2018
Figure 17 ASIA PACIFIC IS EXPECTED TO ENTER THE EXPONENTIAL GROWTH PHASE DURING THE FORECAST PERIOD
Figure 18 BLOCKCHAIN IN INSURANCE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
Figure 19 APPLICATION AND SOLUTION PROVIDER SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 20 PAYMENTS APPLICATION IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 21 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT IS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
Figure 22 NORTH AMERICA IS EXPECTED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
Figure 23 NORTH AMERICA: MARKET SNAPSHOT
Figure 24 ASIA PACIFIC: MARKET SNAPSHOT
Figure 25 KEY DEVELOPMENTS BY THE LEADING PLAYERS IN THE BLOCKCHAIN IN INSURANCE MARKET DURING 2014–2018
Figure 26 IBM: COMPANY SNAPSHOT
Figure 27 IBM: SWOT ANALYSIS
Figure 28 ORACLE: COMPANY SNAPSHOT
Figure 29 ORACLE: SWOT ANALYSIS
Figure 30 MICROSOFT: COMPANY SNAPSHOT
Figure 31 MICROSOFT: SWOT ANALYSIS
Figure 32 AWS: COMPANY SNAPSHOT
Figure 33 AWS: SWOT ANALYSIS
Figure 34 SAP: COMPANY SNAPSHOT
Figure 35 SAP: SWOT ANALYSIS
Figure 36 EARTHPORT: COMPANY SNAPSHOT
Figure 37 BTL GROUP: COMPANY SNAPSHOT
Figure 1 BLOCKCHAIN IN INSURANCE MARKET: MARKET SEGMENTATION
Figure 2 BLOCKCHAIN IN INSURANCE MARKET: REGIONAL SCOPE
Figure 3 BLOCKCHAIN IN INSURANCE MARKET: RESEARCH DESIGN
Figure 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY, DESIGNATION, AND REGION
Figure 5 DATA TRIANGULATION
Figure 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
Figure 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
Figure 8 BLOCKCHAIN IN INSURANCE MARKET: ASSUMPTIONS
Figure 9 BLOCKCHAIN: BLOCK DIAGRAM
Figure 10 GLOBAL BLOCKCHAIN IN INSURANCE MARKET IS EXPECTED TO WITNESS SIGNIFICANT GROWTH DURING THE FORECAST PERIOD (USD MILLION)
Figure 11 GLOBAL BLOCKCHAIN IN INSURANCE MARKET SNAPSHOT, BY PROVIDER, 2018–2023
Figure 12 GLOBAL BLOCKCHAIN IN INSURANCE MARKET SNAPSHOT, BY APPLICATION, 2018–2023
Figure 13 GLOBAL BLOCKCHAIN IN INSURANCE MARKET SNAPSHOT, BY ORGANIZATION SIZE, 2018–2023
Figure 14 GROWING NUMBER OF FRAUDULENT INSURANCE CLAIMS WOULD PROVIDE LUCRATIVE MARKET PROSPECTS IN THE BLOCKCHAIN IN INSURANCE MARKET
Figure 15 NORTH AMERICA IS ESTIMATED TO HOLD THE LARGEST MARKET SIZE IN 2018
Figure 16 SMART CONTRACT APPLICATIONS SEGMENT AND NORTH AMERICA ARE ESTIMATED TO HOLD THE LARGEST MARKET SIZES IN 2018
Figure 17 ASIA PACIFIC IS EXPECTED TO ENTER THE EXPONENTIAL GROWTH PHASE DURING THE FORECAST PERIOD
Figure 18 BLOCKCHAIN IN INSURANCE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
Figure 19 APPLICATION AND SOLUTION PROVIDER SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 20 PAYMENTS APPLICATION IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 21 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT IS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
Figure 22 NORTH AMERICA IS EXPECTED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
Figure 23 NORTH AMERICA: MARKET SNAPSHOT
Figure 24 ASIA PACIFIC: MARKET SNAPSHOT
Figure 25 KEY DEVELOPMENTS BY THE LEADING PLAYERS IN THE BLOCKCHAIN IN INSURANCE MARKET DURING 2014–2018
Figure 26 IBM: COMPANY SNAPSHOT
Figure 27 IBM: SWOT ANALYSIS
Figure 28 ORACLE: COMPANY SNAPSHOT
Figure 29 ORACLE: SWOT ANALYSIS
Figure 30 MICROSOFT: COMPANY SNAPSHOT
Figure 31 MICROSOFT: SWOT ANALYSIS
Figure 32 AWS: COMPANY SNAPSHOT
Figure 33 AWS: SWOT ANALYSIS
Figure 34 SAP: COMPANY SNAPSHOT
Figure 35 SAP: SWOT ANALYSIS
Figure 36 EARTHPORT: COMPANY SNAPSHOT
Figure 37 BTL GROUP: COMPANY SNAPSHOT
