Blockchain Insurance Market -Industry Analysis and Forecast (2019-2027) – by Application, by End-User and by Region.

Blockchain Insurance Market is expected to reach US$ XX Mn in 2027 from US$ XX Mn in 2019, at a CAGR of XX%. Blockchain Technology is the key security mechanism behind cryptocurrency transactions. It has multiple cross-industrial applications including the insurance sector. Blockchain technology will certainly revolutionize the insurance sector through its distributed public ledger system. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. To know about the Research Methodology:-Request Free Sample Report There are numerous driving factors for adopting Blockchain Technology. It works on decentralized platforms. Transparency, cost reduction, elimination of third parties, cryptographic security, micro-payments, and immutability are the obvious advantages of blockchain solutions. , Increasing need to have transparent and trustworthy systems, growing number of fraudulent insurance claims, and focus on reducing total cost of ownership are the key drivers to implement blockchain technology in the insurance sector. The financial sector is the pioneer in exploring and adopting blockchain solutions for smart transactions. Blockchain will disrupt the insurance industry and will create growth opportunities, monetization avenues, and facilitate digital transformation. However, lack of a central entity & common standards and lack of awareness & understanding of the use of blockchain technologies are expected to restrain the growth of this market to a certain extent. However, the growth of BaaS and increasing IoT penetration in all the geographic regions would create lucrative market opportunities. The report segments the Blockchain Insurance Market by provider, application, organization size, and region. Talking about applications, the smart contracts is expected to rule the market in 2018 - reduced costs of verification, execution, arbitration, and fraud prevention is the prominent reasons. Identity management and fraud detection application is expected to be the highest revenue-generating segment by 2026, as the technology helps validate the authenticity, ownership, and origin, through the supply chain of goods and documents, the identity of customers doing transactions and the date and time of policy issuance, thereby helping reduce fraud rate and providing easy management. The payments application is also expected to grow at the faster rate, owing to reduced risks, improved efficiency, and transparency in payment systems, provided by blockchain across the insurance industry. In case of providers, the infrastructure and protocols provider segment is anticipated to lead the market as various infrastructure and protocol providers are providing infrastructure and platforms, which are leveraged by application and solution providers to develop applications. The application and solution provider segment is expected to grow at the fastest rate due to the rising demand for international online money transfer network, and cloud-based services across the insurance sector. In addition, application and solution providers provide blockchain technologies that are more likely to deliver value to businesses by reducing the duplication of transactional data and providing periodic reconciliation and authentication for commercial and regulatory reasons. 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. The report covers all the major geographical regions. North America is the early adopter of blockchain and cryptocurrency technologies and boasting with the presence of the global and domestic industry players are 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 - Increase in digitalization, the humungous growth of IoT, and an increase in BaaS service providers in the region being the significant causes. Major Vendors that offer blockchain solutions include Applied Blockchain, Algorythmix, Auxesis Group, AWS. The vendors listed here have adopted different organic and inorganic growth strategies, such as new product launches, product up-gradations, partnerships and collaborations, acquisitions, business expansions, and venture funding, to expand their product offerings and enhance the customer experience in the market. IBM’s recent blockchain banking solution that helps financial institutions expedite global payments could be a fine example. This solution uses IBM’s blockchain technology and collaborates with technology partners, such as Stellar.org and KlickEx Group, to enhance the speed so that financial institutions can settle payment transactions on a single network in real time. In November 2017, Microsoft partnered with R3, a provider of the distributed ledger technology, to simplify the overall development and deployment processes and create real-world solutions, applications, and pilot projects for its clients. The objective of the report is to present comprehensive analysis Blockchain Insurance Market   including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Blockchain Insurance Market dynamics, structure by analyzing the market segments, and project the Blockchain Insurance Market   size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Blockchain Insurance Market make the report investor’s guide.

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Blockchain Insurance Market, By Provider

• Application and solution provider • Middleware provider • Infrastructure and protocols provider

Blockchain Insurance Market, By Application

• GRC management • Death and claims management • Identity management and fraud detection • Payments • Smart contracts • Others (content storage management and customer communication)

Blockchain Insurance Market, By Organization Size

• Small and Medium-sized Enterprises (SMEs) • Large enterprises

Blockchain Insurance Market, By Region

• North-America • Europe • Asia Pacific • Latin America • Middle East & Africa

Blockchain Insurance Market,Key Players:

Applied Blockchain Algorythmix Auxesis Group AWS Bitfury BitPay BlockCypher BTL Group Cambridge Blockchain ChainThat Circle ConsenSys Digital Asset Holdings Earthport Everledger Factom Guardtime IBM iXLedger Microsoft Oracle RecordsKeeper SafeShare Global SAP Symbiont

About Maximize Market Research:

Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Blockchain Insurance Market. The report encompasses the blockchain insurance market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for taking the informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Blockchain Insurance Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Blockchain Insurance Market positioning of competitors.
  1. INTRODUCTION 1.1 Report Description 1.1.1 Objectives of the Study 1.1.2 Market Scope 1.1.3 Years considered in the study 1.1.4 Currency 1.1.5 Stakeholders 1.2 Target Audience 1.3 Key Takeaways 2. RESEARCH METHODOLOGY 2.1 Research Methodology 2.2 Market Definition 2.3 Assumptions and Acronyms Used 2.4 Data Sources 2.4.1 Secondary 2.4.1.1 Paid 2.4.1.2 Unpaid 2.4.2 Primary 2.5 Analyst tools and models 3. EXECUTIVE SUMMARY 3.1 Blockchain Insurance Market Overview 3.1.1 Blockchain Insurance Market : By Provider 3.1.2 Blockchain Insurance Market : By Application 3.1.3 Blockchain Insurance Market : By Organisation Size 3.1.4 Blockchain Insurance Market : By Region 4. BLOCKCHAIN INSURANCE MARKET OUTLOOK 4.1 Blockchain Insurance Market : Market Definition, Segmentation and Scope of Study 4.2 Blockchain Insurance Market : Market Dynamics 4.2.1 Drivers 4.2.2 Restraints 4.2.3 Opportunities 4.3 Blockchain Insurance Market : Competitive Analysis 4.3.1 Key Strategic Initiatives 4.3.2 Regional Presence 4.3.3 Product Overview 4.4 Blockchain Insurance Market : Porter’s Analysis 4.5 Blockchain Insurance Market : PESTEL Analysis 4.6 Blockchain Insurance Market : Product Benchmark Analysis 4.7 Blockchain Insurance Market : Company Market Share Analysis 4.8 Blockchain Insurance Market : Key Findings 4.8.1 Blockchain Insurance Market : Top Wining Strategies 4.8.2 Blockchain Insurance Market : Top Investment Pockets 4.8.3 Blockchain Insurance Market : Top Impacting Factors 5. BLOCKCHAIN INSURANCE MARKET, BY PROVIDER 5.1 Blockchain Insurance Market : Provider segment Market Share analysis 5.2 Blockchain Insurance Market : Provider segment Market Size and Forecast 2019-2027 5.3 Blockchain Insurance Market by Application and solution provider 5.4 Blockchain Insurance Market by Middleware provider 5.5 Blockchain Insurance Market by Infrastructure and protocol provider 5.6 Blockchain Insurance Market Benchmarking By Provider 5.7 Blockchain Insurance Market by Provider : Key Trends 5.8 Blockchain Insurance Market by Provider : Key Developments 6. BLOCKCHAIN INSURANCE MARKET , BY APPLICATION 6.1 Blockchain Insurance Market : application segment Market Share Analysis 6.2 Blockchain Insurance Market : application segment Market Size and Forecast 2019-2027 6.3 Blockchain Insurance Market by GRC management 6.4 Blockchain Insurance Market by Death and claims management 6.5 Blockchain Insurance Market by Identity management and fraud detection 6.6 Blockchain Insurance Market by Payments 6.7 Blockchain Insurance Market by Smart contracts 6.8 Blockchain Insurance Market by Others (content storage management and customer communication) 6.9 Blockchain Insurance Market Benchmarking By Application 6.10 Blockchain Insurance Market by Application: Key Trends 6.11 Blockchain Insurance Market by Application: Key Developments 7. BLOCKCHAIN INSURANCE MARKET, BY ORGANISATION SIZE 7.1 Blockchain Insurance Market : organisation size segment Market Share analysis 7.2 Blockchain Insurance Market : organisation size segment Market Size and Forecast 2019-2027 7.3 Blockchain Insurance Market by Large enterprises 7.4 Blockchain Insurance Market by Small and Medium-Sized enterprises 7.5 Blockchain Insurance Market Benchmarking By organisation size 7.6 Blockchain Insurance Market by organisation size: Key Trends 7.7 Blockchain Insurance Market by organisation size: Key Developments 8. BLOCKCHAIN INSURANCE MARKET , BY END-USERS 8.1 Blockchain Insurance Market : End-User segment Market Share Analysis 8.2 Blockchain Insurance Market : End-User segment Market Size and Forecast 2019-2027 8.3 Blockchain Insurance Market by Pharmaceutical Companies 8.4 Blockchain Insurance Market by Healthcare Payers 8.5 Blockchain Insurance Market by Healthcare Providers 8.6 Blockchain Insurance Market by Other End-Users 8.7 Blockchain Insurance Market Benchmarking By End-User 8.8 Blockchain Insurance Market by End-User: Key Trends 8.9 Blockchain Insurance Market by End-User: Key Developments 9. BLOCKCHAIN INSURANCE MARKET , BY REGION 9.1 Blockchain Insurance Market : Geography segment Market Share Analysis 9.2 Blockchain Insurance Market : Geography segment Market Size and Forecast 2019-2027 9.3 North America 9.3.1 Overview 9.3.2 Blockchain Insurance Market Size and Forecast, by Provider 2019-2027 9.3.3 Blockchain Insurance Market Share Analysis , by Provider 2019-2027 9.3.4 Blockchain Insurance Market Size and Forecast, by Application 2019-2027 9.3.5 Blockchain Insurance Market Share Analysis , by Application 2019-2027 9.3.6 Blockchain Insurance Market Size and Forecast, by Organisation Size 2019-2027 9.3.7 Blockchain Insurance Market Share Analysis , by Organisation Size 2019-2027 9.4 Europe 9.4.1 Overview 9.4.2 Blockchain Insurance Market Size and Forecast, by Provider 2019-2027 9.4.3 Blockchain Insurance Market Share Analysis , by Provider 2019-2027 9.4.4 Blockchain Insurance Market Size and Forecast, by Application 2019-2027 9.4.5 Blockchain Insurance Market Share Analysis , by Application 2019-2027 9.4.6 Blockchain Insurance Market Size and Forecast, by Organisation Size 2019-2027 9.4.7 Blockchain Insurance Market Share Analysis , by Organisation Size 2019-2027 9.5 Asia Pacific 9.5.1 Overview 9.5.2 Blockchain Insurance Market Size and Forecast, by Provider 2019-2027 9.5.3 Blockchain Insurance Market Share Analysis , by Provider 2019-2027 9.5.4 Blockchain Insurance Market Size and Forecast, by Application 2019-2027 9.5.5 Blockchain Insurance Market Share Analysis , by Application 2019-2027 9.5.6 Blockchain Insurance Market Size and Forecast, by Organisation Size 2019-2027 9.5.7 Blockchain Insurance Market Share Analysis , by Organisation Size 2019-2027 9.6 Latin America, Middle East and Africa 9.6.1 Overview 9.6.2 Blockchain Insurance Market Size and Forecast, by Provider 2019-2027 9.6.3 Blockchain Insurance Market Share Analysis , by Provider 2019-2027 9.6.4 Blockchain Insurance Market Size and Forecast, by Application 2019-2027 9.6.5 Blockchain Insurance Market Share Analysis , by Application 2019-2027 9.6.6 Blockchain Insurance Market Size and Forecast, by Organisation Size 2019-2027 9.6.7 Blockchain Insurance Market Share Analysis , by Organisation Size 2019-2027 9.7 Blockchain Insurance Market Benchmarking By Geography 9.8 Blockchain Insurance Market by Geography : Key Trends 9.9 Blockchain Insurance Market by Geography : Key Developments 10. COMPITITIVE LANDSCAPE 10.1 Blockchain Insurance Market Share/ Positioning Analysis 10.2 Blockchain Insurance Market: Key Innovators 10.3 Blockchain Insurance Market : Company Profiles 10.3.1 Applied Blockchain 10.3.1.1 Overview 10.3.1.2 Product/Service Portfolio 10.3.1.3 Key Financials 10.3.1.4 Strategic Initiatives 10.3.1.5 SWOT Analysis 10.3.1.6 Competitive Assessment 10.3.2 Algorythmix 10.3.2.1 Overview 10.3.2.2 Product/Service Portfolio 10.3.2.3 Key Financials 10.3.2.4 Strategic Initiatives 10.3.2.5 SWOT Analysis 10.3.2.6 Competitive Assessment 10.3.3 Auxesis Group 10.3.3.1 Overview 10.3.3.2 Product/Service Portfolio 10.3.3.3 Key Financials 10.3.3.4 Strategic Initiatives 10.3.3.5 SWOT Analysis 10.3.3.6 Competitive Assessment 10.3.4 AWS 10.3.4.1 Overview 10.3.4.2 Product/Service Portfolio 10.3.4.3 Key Financials 10.3.4.4 Strategic Initiatives 10.3.4.5 SWOT Analysis 10.3.4.6 Competitive Assessment 10.3.5 Bitfury 10.3.5.1 Overview 10.3.5.2 Product/Service Portfolio 10.3.5.3 Key Financials 10.3.5.4 Strategic Initiatives 10.3.5.5 SWOT Analysis 10.3.5.6 Competitive Assessment 10.3.6 BitPay 10.3.6.1 Overview 10.3.6.2 Product/Service Portfolio 10.3.6.3 Key Financials 10.3.6.4 Strategic Initiatives 10.3.6.5 SWOT Analysis 10.3.6.6 Competitive Assessment 10.3.7 BlockCypher 10.3.7.1 Overview 10.3.7.2 Product/Service Portfolio 10.3.7.3 Key Financials 10.3.7.4 Strategic Initiatives 10.3.7.5 SWOT Analysis 10.3.7.6 Competitive Assessment 10.3.8 BTL Group 10.3.8.1 Overview 10.3.8.2 Product/Service Portfolio 10.3.8.3 Key Financials 10.3.8.4 Strategic Initiatives 10.3.8.5 SWOT Analysis 10.3.8.6 Competitive Assessment 10.3.9 Cambridge Blockchain 10.3.9.1 Overview 10.3.9.2 Product/Service Portfolio 10.3.9.3 Key Financials 10.3.9.4 Strategic Initiatives 10.3.9.5 SWOT Analysis 10.3.9.6 Competitive Assessment 10.3.10 ChainThat 10.3.10.1 Overview 10.3.10.2 Product/Service Portfolio 10.3.10.3 Key Financials 10.3.10.4 Strategic Initiatives 10.3.10.5 SWOT Analysis 10.3.10.6 Competitive Assessment 10.3.11 Circle 10.3.11.1 Overview 10.3.11.2 Product/Service Portfolio 10.3.11.3 Key Financials 10.3.11.4 Strategic Initiatives 10.3.11.5 SWOT Analysis 10.3.11.6 Competitive Assessment 10.3.12 ConsenSys 10.3.12.1 Overview 10.3.12.2 Product/Service Portfolio 10.3.12.3 Key Financials 10.3.12.4 Strategic Initiatives 10.3.12.5 SWOT Analysis 10.3.12.6 Competitive Assessment 10.3.13 Digital Asset Holdings 10.3.13.1 Overview 10.3.13.2 Product/Service Portfolio 10.3.13.3 Key Financials 10.3.13.4 Strategic Initiatives 10.3.13.5 SWOT Analysis 10.3.13.6 Competitive Assessment 10.3.14 Earthport 10.3.14.1 Overview 10.3.14.2 Product/Service Portfolio 10.3.14.3 Key Financials 10.3.14.4 Strategic Initiatives 10.3.14.5 SWOT Analysis 10.3.14.6 Competitive Assessment 10.3.15 Everledger 10.3.15.1 Overview 10.3.15.2 Product/Service Portfolio 10.3.15.3 Key Financials 10.3.15.4 Strategic Initiatives 10.3.15.5 SWOT Analysis 10.3.15.6 Competitive Assessment 10.3.16 Factom 10.3.16.1 Overview 10.3.16.2 Product/Service Portfolio 10.3.16.3 Key Financials 10.3.16.4 Strategic Initiatives 10.3.16.5 SWOT Analysis 10.3.16.6 Competitive Assessment 10.3.17 Guardtime 10.3.17.1 Overview 10.3.17.2 Product/Service Portfolio 10.3.17.3 Key Financials 10.3.17.4 Strategic Initiatives 10.3.17.5 SWOT Analysis 10.3.17.6 Competitive Assessment 10.3.18 IBM 10.3.18.1 Overview 10.3.18.2 Product/Service Portfolio 10.3.18.3 Key Financials 10.3.18.4 Strategic Initiatives 10.3.18.5 SWOT Analysis 10.3.18.6 Competitive Assessment 10.3.19 iXLedger 10.3.19.1 Overview 10.3.19.2 Product/Service Portfolio 10.3.19.3 Key Financials 10.3.19.4 Strategic Initiatives 10.3.19.5 SWOT Analysis 10.3.19.6 Competitive Assessment 10.3.20 Microsoft 10.3.20.1 Overview 10.3.20.2 Product/Service Portfolio 10.3.20.3 Key Financials 10.3.20.4 Strategic Initiatives 10.3.20.5 SWOT Analysis 10.3.20.6 Competitive Assessment 10.3.21 Oracle 10.3.21.1 Overview 10.3.21.2 Product/Service Portfolio 10.3.21.3 Key Financials 10.3.21.4 Strategic Initiatives 10.3.21.5 SWOT Analysis 10.3.21.6 Competitive Assessment 10.3.22 RecordsKeeper 10.3.22.1 Overview 10.3.22.2 Product/Service Portfolio 10.3.22.3 Key Financials 10.3.22.4 Strategic Initiatives 10.3.22.5 SWOT Analysis 10.3.22.6 Competitive Assessment 10.3.23 SafeShare Global 10.3.23.1 Overview 10.3.23.2 Product/Service Portfolio 10.3.23.3 Key Financials 10.3.23.4 Strategic Initiatives 10.3.23.5 SWOT Analysis 10.3.23.6 Competitive Assessment 10.3.24 SAP 10.3.24.1 Overview 10.3.24.2 Product/Service Portfolio 10.3.24.3 Key Financials 10.3.24.4 Strategic Initiatives 10.3.24.5 SWOT Analysis 10.3.24.6 Competitive Assessment 10.3.25 Symbiont 10.3.25.1 Overview 10.3.25.2 Product/Service Portfolio 10.3.25.3 Key Financials 10.3.25.4 Strategic Initiatives 10.3.25.5 SWOT Analysis 10.3.25.6 Competitive Assessment 11. CONSOLIDATION 11.1 Blockchain Insurance Market: Mergers and Acquisitions 11.1.1 Overview 11.1.2 Blockchain Insurance Market : Key Drivers – By Region 11.1.3 Blockchain Insurance Market : M&A Breakdown 11.1.3.1 Type Application 11.1.3.2 Niche Based 11.1.3.3 Region Based 11.1.3.4 Asset & Non-Asset Based 11.1.3.5 Venture Capitalist Based 11.2 Fragmentation of Blockchain Insurance Market 11.3 Blockchain Insurance Market : Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 11.4 Blockchain Insurance Market - New/Emerging Models of Partnerships : Key Examples 11.5 Blockchain Insurance Market : New/Emerging Business Models : Key Examples 11.6 Blockchain Insurance Market - Changing Investment Paradigm : Focused areas by Key Players 11.7 Blockchain Insurance Market - Patent Analysis 12. Blockchain Insurance Market : LIST OF TABLES 13. Blockchain Insurance Market : LIST OF FIGURES

About This Report

Report ID 11489
Category Featured Reports
Published Date Aug 2019
Updated Date Aug 2020
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