Insurance’s blockchain technology is a decentralized shared digital distributed ledger that helps insurers prevent, detect, and respond to fraud by recording and providing individuals’ transaction history, including insurance claims. Blockchain technology provides insurers and customers with smart contracts to manage claims transparently and responsively.
Blockchain In Insurance Market had a market value of USD 62.53 Million in 2018 and is expected to reach USD 1.42 Billion by 2024, registering a 69%.
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Key Market Players
Applied Blockchain (UK), Algorythmix (India), Auxesis Group (India), AWS (US), Bitfury (US)
- Application and solution provider
- Middleware provider
- Infrastructure and protocols provider
By Organization Size
- Small and Medium-sized Enterprises (SMEs)
- Large enterprises
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Scope of the Report
The research study analyzes the global Blockchain In Insurance industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Blockchain In Insurance Market Report
1. What was the Blockchain In Insurance Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
2. What will be the CAGR of Blockchain In Insurance Market during the forecast period (2019-2025)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2019-2025).
4. Which manufacturer/vendor/players in the Blockchain In Insurance Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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