ICT

Image

Global Blockchain Insuretech Market – Industry Trends and Forecast to 2028

  • ICT
  • Upcoming Report
  • Feb 2021
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Blockchain Insuretech Market, By Sector (Health Insurance, Life Insurance and Title Insurance), Application (GRC Management, Death and Claims Management, Identity Management and Fraud Detection, Payments, Smart Contracts and Others), Type (Consortium Or Federated Blockchain, Public Blockchain and Private Blockchain), Organization Size (SMEs and Large Enterprises), Service Providers (Application & Solution Providers, Middleware Service Providers and Infrastructure & Protocols Providers), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.

Blockchain Insuretech Market Blockchain Insuretech Market Analysis and Insights

Blockchain insuretech market will reach at an estimated value of 2970.28 million and grow at a CAGR of 10.40% in the forecast period of 2021 to 2028. Growing number of fraudulent insurance claims is an essential factor driving the blockchain insuretech market.

Blockchain is defined as the encrypted protocol which is used to secure the digitalized data. It is basically used to record each financial transaction that is digitally secured and which cannot be tamper. The basic purpose of blockchain in the insurance is to provide safety against the frauds to claim automated transactions and also helps in enabling them to track and manage the physical accessed data digitally.

Rising need to have transparent and trustworthy systems is a crucial factor accelerating the market growth, also increasing focus on reducing the total cost of ownership, rising adoption of the blockchain as service, and the internet of things (IOTs), rising reduction in the cost of ownership and rising number of industrial sector all over the globe are the major factors among others boosting the blockchain insuretech market. Moreover, increasing rapid penetration of IoT Devices, increasing growth of Baas and rising technological advancements and modernization in the devices used will further create new opportunities for blockchain insuretech market in the forecast period mentioned above.

However, uncertain regulatory status and lack of common standards are the major factors among others restraining the market growth, while lack of awareness about the blockchain technology and lack of understanding of blockchain concept, skill sets, and technical knowledge will further challenge the blockchain insuretech market in the forecast period mentioned above.

This blockchain insuretech market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on blockchain insuretech market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Blockchain Insuretech Market Scope and Market Size

Blockchain insuretech market is segmented on the basis of sector, application, type, organization site and service providers. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of sector, blockchain insuretech market is segmented into health insurance, life insurance and title insurance.
  • Based on application, the blockchain insuretech market is segmented into GRC management, death and claims management, identity management and fraud detection, payments, smart contracts and others. Others have been further segmented into content storage management and customer communication.
  • Based on type, the blockchain insuretech market is segmented into consortium or federated blockchain, public blockchain and private blockchain.
  • Based on organization site, the blockchain insuretech market is segmented into SMEs and large enterprises.
  • The blockchain insuretech market is also segmented on the basis of service providers into application & solution providers and middleware service providers and infrastructure & protocols providers.

Blockchain Insuretech Market Scope Country Level Analysis

Blockchain insuretech market is analysed and market size, volume information is provided by country, sector, application, type, organization site and service providers as referenced above.

The countries covered in the blockchain insuretech market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the blockchain insuretech market due to increasing focus on reducing the total cost of ownership, rising adoption of the blockchain as service, and the internet of things (IOTs) and rising reduction in the cost of ownership and rising number of industrial sector in this region.

The country section of the blockchain insuretech market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Blockchain Insuretech Market Share Analysis

Blockchain insuretech market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to blockchain insuretech market.

The major players covered in blockchain insuretech market report are Algorythmix Tech, Auxesis Services & Technologies (P) Ltd., Bitfury Group Limited, IBM Corporation, Microsoft, SAP SE, Oracle, Amazon Web Services, Inc., Digital Asset Holdings LLC, Consensus Systems (ConsenSys), Huawei Technologies Co., Ltd., Factom, Stratis Group Ltd, Intel, Symbiont, Earthport, Guardtime, AlphaPoint, NTT Data, Ripple, Applied Blockchain Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

Blockchain Insuretech Market to grow at a CAGR 10.40% by forecast 2028.
North America region holds the largest share in the market.
The major players covered in blockchain insuretech market report are Algorythmix Tech, Auxesis Services & Technologies (P) Ltd., Bitfury Group Limited, IBM Corporation, Microsoft, SAP SE, Oracle, Amazon Web Services, Inc., Digital Asset Holdings LLC, Consensus Systems (ConsenSys), Huawei Technologies Co., Ltd., Factom, Stratis Group Ltd, Intel, Symbiont, Earthport, Guardtime, AlphaPoint, NTT Data, Ripple, Applied Blockchain Ltd.
The countries covered in the blockchain insuretech market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials