Global Blockchain In Insurance Market Report By Type (Public, Private), By Deployment Model (On-Premise, Cloud), By Provider (Application & Solution Provider, Middleware provider, Infrastructure & Protocols Provider), By Application (GRC Management, Death & Claims Management, Identity Management & Fraud Detection, Payments, Smart Contracts, Others), By Enterprise Size (Large Enterprise, Small & Medium Enterprises (SMEs)) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2020-2027

ID:VMR11216230
October 2021
Report Formats:
The global demand for Blockchain In Insurance Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.

A blockchain is a type of digital record that divides information into blocks, each containing a collection of information. In the insurance sector, the primary purpose of blockchain is to prevent fraud in automated transactions by allowing companies to track and manage physical data digitally. Insurers and customers can construct smart contracts using blockchain technology to manage claims transparent and timely manner. Insurance companies have begun testing and validating new models based on blockchain technology, starting with low-risk internal prototypes and pilot projects within their infrastructure. 

Market Dynamics 

Data breaches, fraud, and threats are common in the insurance industry. Blockchain use in the insurance industry is a critical step toward preventing these types of scams. Technology can also be used to reduce risks and improve the user experience. The amount of fraudulent activity in the insurance sector is expanding all the time. It leads to the use of blockchain in the insurance industry. The market is experiencing significant demand as a result of this high adoption rate. The growing concerns about fraud and risk are a major driving force behind the adoption of blockchain in the insurance industry. However, regulatory bodies are finding it challenging to keep up with technological changes. With such technological breakthroughs, regulatory agencies must determine gaps in current regulations and how the rules may affect total technology applications. Uncertainties in rules continue to be a source of concern in the blockchain insurance business. Currently, the absence of regulations is expected to stifle blockchain adoption in most application sectors, including financial services, telecommunications, government, and retail.

The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of blockchain in insurance. The growth and trends of blockchain in insurance industry provide a holistic approach to this study. 

Market Segmentation

This section of the blockchain in insurance market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities. 

By Type
  • Public
  • Private

By Deployment Model
  • On-Premise
  • Cloud

By Provider
  • Application & Solution Provider
  • Middleware Provider
  • Infrastructure & Protocols Provider

By Application
  • GRCManagement
  • Death & Claims Management
  • Identity Management & Fraud Detection
  • Payments
  • Smart Contracts
  • Others

By Enterprise Size
  • Large Enterprise
  • Small & Medium Enterprises (Smes)

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Blockchain In Insurance market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Blockchain In Insurance Market Share by Region (Representative Graph)
Global Blockchain In Insurance Market Share


The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the blockchain in insurance market include Applied Blockchain Ltd., Algorythmix Tech, Auxesis Services and Technologies Private Limited, BlockCypher Inc., BTL Group, Circle Internet Financial Limited, Digital Asset Holdings LLC, International Business Machines (IBM) Corporation, Microsoft Corporation, and Oracl. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
 
METHODOLOGY:

This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.

In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . BLOCKCHAIN IN INSURANCE – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Type
           3.7.2 By Deployment Model
           3.7.3 By Provider
           3.7.4 By Application
           3.7.5 By Enterprise Size
           3.7.6 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL BLOCKCHAIN IN INSURANCE MARKET ANALYSIS BY TYPE
       6.1 Overview by Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Type
       6.4 Public Market by Regions
       6.5 Private Market by Regions
 
7 . GLOBAL BLOCKCHAIN IN INSURANCE MARKET ANALYSIS BY DEPLOYMENT MODEL
       7.1 Overview by Deployment Model
       7.2 Historical and Forecast Data
       7.3 Analysis by Deployment Model
       7.4 On-Premise Market by Regions
       7.5 Cloud Market by Regions
 
8 . GLOBAL BLOCKCHAIN IN INSURANCE MARKET ANALYSIS BY PROVIDER
       8.1 Overview by Provider
       8.2 Historical and Forecast Data
       8.3 Analysis by Provider
       8.4 Application & Solution Provider Market by Regions
       8.5 Middleware provider Market by Regions
       8.6 Infrastructure & Protocols Provider Market by Regions
 
9 . GLOBAL BLOCKCHAIN IN INSURANCE MARKET ANALYSIS BY APPLICATION
       9.1 Overview by Application
       9.2 Historical and Forecast Data
       9.3 Analysis by Application
       9.4 GRC Management Market by Regions
       9.5 Death & Claims Management Market by Regions
       9.6 Identity Management & Fraud Detection Market by Regions
       9.7 Payments Market by Regions
       9.8 Smart Contracts Market by Regions
       9.9 Others Market by Regions
 
10 . GLOBAL BLOCKCHAIN IN INSURANCE MARKET ANALYSIS BY ENTERPRISE SIZE
       10.1 Overview by Enterprise Size
       10.2 Historical and Forecast Data
       10.3 Analysis by Enterprise Size
       10.4 Large Enterprise Market by Regions
       10.5 Small & Medium Enterprises (SMEs) Market by Regions
 
11 . GLOBAL BLOCKCHAIN IN INSURANCE MARKET ANALYSIS BY GEOGRAPHY
       11.1. Regional Outlook
       11.2. Introduction
       11.3. North America
           11.3.1. Overview, Historic and Forecast Data
           11.3.2. North America By Segment
           11.3.3. North America By Country
           11.3.4. United State
           11.3.5. Canada
           11.3.6. Mexico
       11.4. Europe
           11.4.1. Overview, Historic and Forecast Data
           11.4.2. Europe by Segment
           11.4.3. Europe by Country
           11.4.4. United Kingdom
           11.4.5. France
           11.4.6. Germany
           11.4.7. Italy
           11.4.8. Russia
           11.4.9. Rest Of Europe
       11.5. Asia Pacific
           11.5.1. Overview, Historic and Forecast Data
           11.5.2. Asia Pacific by Segment
           11.5.3. Asia Pacific by Country
           11.5.4. China
           11.5.5. India
           11.5.6. Japan
           11.5.7. South Korea
           11.5.8. Australia
           11.5.9. Rest Of Asia Pacific
       11.6. Latin America
           11.6.1. Overview, Historic and Forecast Data
           11.6.2. Latin America by Segment
           11.6.3. Latin America by Country
           11.6.4. Brazil
           11.6.5. Argentina
           11.6.6. Peru
           11.6.7. Chile
           11.6.8. Rest of Latin America
       11.7. Middle East & Africa
           11.7.1. Overview, Historic and Forecast Data
           11.7.2. Middle East & Africa by Segment
           11.7.3. Middle East & Africa by Country
           11.7.4. Saudi Arabia
           11.7.5. UAE
           11.7.6. Israel
           11.7.7. South Africa
           11.7.8. Rest Of Middle East And Africa
 
12 . COMPETITIVE LANDSCAPE OF THE BLOCKCHAIN IN INSURANCE COMPANIES
       12.1. Blockchain in Insurance Market Competition
       12.2. Partnership/Collaboration/Agreement
       12.3. Merger And Acquisitions
       12.4. New Product Launch
       12.5. Other Developments
 
13 . COMPANY PROFILES OF BLOCKCHAIN IN INSURANCE INDUSTRY
       13.1. Company Share Analysis
       13.2. Market Concentration Rate
       13.3. Applied Blockchain Ltd.
           13.3.1. Company Overview
           13.3.2. Financials
           13.3.3. Products
           13.3.4. Recent Developments
       13.4. Algorythmix Tech
           13.4.1. Company Overview
           13.4.2. Financials
           13.4.3. Products
           13.4.4. Recent Developments
       13.5. Auxesis Services and Technologies Private Limited
           13.5.1. Company Overview
           13.5.2. Financials
           13.5.3. Products
           13.5.4. Recent Developments
       13.6. BlockCypher Inc.
           13.6.1. Company Overview
           13.6.2. Financials
           13.6.3. Products
           13.6.4. Recent Developments
       13.7. BTL Group
           13.7.1. Company Overview
           13.7.2. Financials
           13.7.3. Products
           13.7.4. Recent Developments
       13.8. Circle Internet Financial Limited
           13.8.1. Company Overview
           13.8.2. Financials
           13.8.3. Products
           13.8.4. Recent Developments
       13.9. Digital Asset Holdings LLC
           13.9.1. Company Overview
           13.9.2. Financials
           13.9.3. Products
           13.9.4. Recent Developments
       13.10. International Business Machines (IBM) Corporation
           13.10.1. Company Overview
           13.10.2. Financials
           13.10.3. Products
           13.10.4. Recent Developments
       13.11. Microsoft Corporation
           13.11.1. Company Overview
           13.11.2. Financials
           13.11.3. Products
           13.11.4. Recent Developments
       13.12. Oracl
           13.12.1. Company Overview
           13.12.2. Financials
           13.12.3. Products
           13.12.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
LIST OF TABLES

  • Market Snapshot
  • Drivers : Impact Analysis
  • Restraints : Impact Analysis
  • List of Raw Material
  • List of Raw Material Manufactures
  • List of Potential Buyers
  • COVID-19 Impact Analysis by Production, Import, Export and Demand
  • Pre V/S Post COVID-19
  • Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  • COVID-19: Micro and Macro Factor Analysis
  • Analysis by Type  (USD MN)
  • Public Market by Geography (USD MN)
  • Private Market by Geography (USD MN)
  • Analysis Market by Deployment Model  (USD MN)
  • On-Premise Market by Geography (USD MN)
  • Cloud Market by Geography (USD MN)
  • Analysis by Provider  (USD MN)
  • Application & Solution Provider Market by Geography (USD MN)
  • Middleware provider Market by Geography (USD MN)
  • Infrastructure & Protocols Provider Market by Geography (USD MN)
  • Analysis by Application  (USD MN)
  • GRC Management Market by Geography (USD MN)
  • Death & Claims Management Market by Geography (USD MN)
  • Identity Management & Fraud Detection Market by Geography (USD MN)
  • Payments Market by Geography (USD MN)
  • Smart Contracts Market by Geography (USD MN)
  • Others Market by Geography (USD MN)
  • Analysis by Enterprise Size  (USD MN)
  • Large Enterprise Market by Geography (USD MN)
  • Small & Medium Enterprises (SMEs) Market by Geography (USD MN)
  • Global Blockchain in Insurance Market by Geography (USD MN)
  • North America Market Analysis (USD MN)
  • United State Market Analysis (USD MN)
  • Canada Market Analysis (USD MN)
  • Mexico Market Analysis (USD MN)
  • Europe Market Analysis (USD MN)
  • Europe Market Estimate by Country (USD MN)
  • United Kingdom Market Analysis (USD MN)
  • France Market Analysis (USD MN)
  • Germany Market Analysis (USD MN)
  • Italy Market Analysis (USD MN)
  • Russia Market Analysis (USD MN)
  • Spain Market Analysis (USD MN)
  • Rest of Europe Market Analysis (USD MN)
  • Asia Pacific Market Analysis (USD MN)
  • China Market Analysis (USD MN)
  • Japan Market Analysis (USD MN)
  • India Market Analysis (USD MN)
  • South Korea Market Analysis (USD MN)
  • Australia Market Analysis (USD MN)
  • Rest of Asia Pacific Market Analysis (USD MN)
  • Latin America Market Analysis (USD MN)
  • Brazil Market Analysis (USD MN)
  • Argentina Market Analysis (USD MN)
  • Peru Market Analysis (USD MN)
  • Chile Market Analysis (USD MN)
  • Rest of Latin America Market Analysis (USD MN)
  • Middle East & Africa Market Analysis (USD MN)
  • Saudi Arabia Market Analysis (USD MN)
  • UAE Market Analysis (USD MN)
  • Israel Market Analysis (USD MN)
  • South Africa Market Analysis (USD MN)
  • Rest of Middle East and Africa Market Analysis (USD MN)
  • Partnership/Collaboration/Agreement
  • Mergers And Acquisiton
 
LIST OF FIGURES
 
  • Research Scope of Blockchain in Insurance Report
  • Market Research Process
  • Market Research Methodology
  • Global Blockchain in Insurance Market Size, by Region (USD MN)
  • Porters Five Forces Analysis
  • Market Attractiveness Analysis by Type
  • Market Attractiveness Analysis by Deployment Model
  • Market Attractiveness Analysis by Provider
  • Market Attractiveness Analysis by Application
  • Market Attractiveness Analysis by Enterprise Size
  • Market Attractiveness Analysis by Region
  • Value Chain Analysis
  • Global Market Analysis by Type  (USD MN)
  • Public Market by Geography (USD MN)
  • Private Market by Geography (USD MN)
  • Global Market Analysis by Deployment Model  (USD MN)
  • On-Premise Market by Geography (USD MN)
  • Cloud Market by Geography (USD MN)
  • Global Market Analysis by Provider  (USD MN)
  • Application & Solution Provider Market by Geography (USD MN)
  • Middleware provider Market by Geography (USD MN)
  • Infrastructure & Protocols Provider Market by Geography (USD MN)
  • Global Market Analysis by Application  (USD MN)
  • GRC Management Market by Geography (USD MN)
  • Death & Claims Management Market by Geography (USD MN)
  • Identity Management & Fraud Detection Market by Geography (USD MN)
  • Payments Market by Geography (USD MN)
  • Smart Contracts Market by Geography (USD MN)
  • Others Market by Geography (USD MN)
  • Global Market Analysis by Enterprise Size  (USD MN)
  • Large Enterprise Market by Geography (USD MN)
  • Small & Medium Enterprises (SMEs) Market by Geography (USD MN)
  • Global Market by Revenue
  • North America Market by Revenue
  • Europe Market by Revenue
  • Asia Pacific Market by Revenue
  • Latin America Market by Revenue
  • Middle East & Africa Market by Revenue
  • Recent Development in Industry
  • Company Market Share Analysis, 2020
 
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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