市場調査レポート
商品コード
1276741

保険におけるブロックチェーンの世界市場規模、シェア、産業動向分析レポート:企業規模別(大企業、中小企業)、コンポーネント別、用途別、地域別展望・予測、2023~2029年

Global Blockchain in Insurance Market Size, Share & Industry Trends Analysis Report By Enterprise Size (Large Enterprises and Small & Medium-sized Enterprises), By Component, By Application, By Regional Outlook and Forecast, 2023 - 2029

出版日: | 発行: KBV Research | ページ情報: 英文 204 Pages | 納期: 即納可能 即納可能とは

価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=157.14円
保険におけるブロックチェーンの世界市場規模、シェア、産業動向分析レポート:企業規模別(大企業、中小企業)、コンポーネント別、用途別、地域別展望・予測、2023~2029年
出版日: 2023年04月28日
発行: KBV Research
ページ情報: 英文 204 Pages
納期: 即納可能 即納可能とは
  • 全表示
  • 概要
  • 図表
  • 目次
概要

保険におけるブロックチェーン市場規模は、2029年までに118億米ドルに達し、予測期間中にCAGR51.8%で上昇すると予測されています。

ビットコインや暗号通貨のような独自の構成要素を持つ技術です。ブロックチェーンは、保険会社に大きな影響を与えます。ブロックチェーンは、保険業界において多くの利点があります。保険技術に関して、ブロックチェーンは高いセキュリティと不正回避のための機能を備えています。また、カリキュラムには損害保険管理も重要な要素として含まれています。再保険、生命保険、健康保険の管理を統括しています。

COVID-19の影響分析

COVID-19以降、市場の需要は飛躍的に増加すると予想されます。さらに、保険業界におけるブロックチェーンの採用率が高くなります。需要増加の主な原因は、不正防止対策と強力なセキュリティ機能です。COVID-19のパンデミックが過ぎ、保険業界が回復した後、ブロックチェーンの採用は今後数年間で急増すると予想されます。また、パンデミック時の健康への不安から、この時期に生命保険や医療保険を採用する人が多くいました。パンデミックによる市場成長への影響は軽微でしたが、上記の要因により、パンデミック中およびパンデミック後に市場は回復し、大きな成長を遂げることができました。

市場成長要因

最先端ソフトウェアプラットフォームの活用

特にBFSI分野では、ブロックチェーンが極めて急速に拡大することが予想されます。この技術開発により、ブロックチェーンサービスプロバイダーは、これまで聞いたこともないようなオプションを得て、自社の提供するサービスを適応させ、そうした銀行で利用できるようになると予想されます。BaaSの驚異的な拡大の結果、IT業界の一部の大手企業は、自社のクラウドコンピューティングプラットフォームにBaaSモジュールを追加し始めています。その結果、保険市場におけるブロックチェーンの拡大は、こうした保険関連の側面から推進されています。

安全なオンライン・プラットフォームへの需要の高まり

保険業界では、デジタル技術を活用して業務の効率化、手続きの迅速化、顧客体験の向上を図る動きが活発化しており、安全なオンラインプラットフォームの採用が、保険におけるブロックチェーンの拡大を後押ししています。このため、ユーザーに楽で安全なデジタル体験を提供できる安全なオンライン・プラットフォームへのニーズが高まっています。また、在宅勤務の動向や保険などのサービスへのオンラインアクセスも、パンデミックが後押ししています。その結果、より多くの消費者がオンラインで保険サービスにアクセスし、遠隔地でビジネスを行うようになるため、データやサービスへの信頼できる安全なアクセスを提供できる安全なオンラインプラットフォームへの需要が高まっています。

市場抑制要因

規制状況の不確実性と一貫した規範の欠如

保険で使用されるブロックチェーン技術は常に進化しています。これらの発展は、既存の規制要件に影響を与えます。しかし、規制機関が技術的な変化に対応することは困難であるため、この側面は技術活用に影響を与えます。規制機関は、こうした技術的なブレークスルーを踏まえて、規則が技術の応用全体にどのような影響を与えるかを理解する必要があります。規制当局の不確実性は、保険業界がブロックチェーン技術を採用する上で、依然として心配な点です。したがって、ブロックチェーン技術で暗号通貨取引を書き込むための不確かな規則と統一された基準の欠如は、保険分野での採用に影響を与えます。

コンポーネントの展望

コンポーネントに基づいて、保険におけるブロックチェーン市場は、ソリューションとサービスに区分されます。サービスセグメントは、2022年の保険におけるブロックチェーン市場でかなりの収益シェアを獲得しました。これは、これらのサービスが、顧客のニーズに焦点を当て、利益を最大化する保険を提供できるためです。さらに、保険会社にとって、ブロックチェーン技術は、被保険者のデータ収集など、いくつかの重要な業務をサポートするため、大きな期待が寄せられています。

アプリケーションの展望

用途別に見ると、保険におけるブロックチェーン市場は、GRC管理、クレーム管理、ID管理・不正検知、決済、その他に分けられます。2022年の保険におけるブロックチェーン市場では、クレーム管理分野が大きな収益シェアを調達しました。これは、このシステムが顧客と保険データの完全な記録を提供し、重複した保険金支払いを防ぐのに役立つという事実によるものです。保険事業者は、ブロックチェーン技術を使用して請求の取り込みと検証を簡素化し、公正で透明な請求解決を保証することができます。

企業規模の見通し

企業規模別に見ると、保険におけるブロックチェーン市場は、大企業と中小企業に分類されます。大企業セグメントは、2022年の保険におけるブロックチェーン市場において最大の収益シェアをしめしました。これは、ブロックチェーンにより、情報が安全で自動化されるためです。ブロックチェーン技術上のスマート決済を使用することで、この種の支払い契約を人間の手を介さずに実行することができます。この有力な技術は、契約の自動化によって大企業に利益をもたらすことができます。

地域別の展望

地域別に見ると、保険におけるブロックチェーン市場は、北米、欧州、アジア太平洋、LAMEAで分析されています。北米地域は、2022年の保険におけるブロックチェーン市場で最も高い収益シェアをしめしました。これは、北米の主要なリテールバンキングサービスプロバイダーが、ブロックチェーン技術を活用して、顧客の利益と不正行為に対抗していることに起因しています。KYC/IDの不正防止やリスクスコアリングに同技術が迅速に採用されていることから、ブロックチェーン技術は保険業界にとって有利になると予測されてもいます。

目次

第1章 市場範囲と調査手法

  • 市場の定義
  • 目的
  • 市場範囲
  • セグメンテーション
  • 調査手法

第2章 市場概要

  • イントロダクション
    • 概要
      • 市場構成とシナリオ
  • 市場に影響を与える主な要因
    • 市場促進要因
    • 市場抑制要因

第3章 保険におけるブロックチェーンの世界市場:企業規模別

  • 世界の大企業市場:地域別
  • 世界の中小企業市場:地域別

第4章 保険におけるブロックチェーンの世界市場:コンポーネント別

  • 世界のソリューション市場:地域別
  • 世界サービス市場:地域別

第5章 保険におけるブロックチェーンの世界市場:用途別

  • 世界のアイデンティティ管理および不正検出市場:地域別
  • 世界の保険金請求管理市場:地域別
  • 世界の決済市場:地域別
  • 世界のGRC管理市場:地域別
  • 世界のその他の市場:地域別

第6章 保険におけるブロックチェーンの世界市場:地域別

  • 北米
    • 北米の市場:国別
      • 米国
      • カナダ
      • メキシコ
      • その他北米地域
  • 欧州
    • 欧州の市場:国別
      • ドイツ
      • 英国
      • フランス
      • ロシア
      • スペイン
      • イタリア
      • その他欧州地域
  • アジア太平洋
    • アジア太平洋の市場:国別
      • 中国
      • 日本
      • インド
      • 韓国
      • シンガポール
      • マレーシア
      • その他アジア太平洋地域
  • ラテンアメリカ・中東・アフリカ
    • ラテンアメリカ・中東・アフリカの市場:国別
      • ブラジル
      • アルゼンチン
      • アラブ首長国連邦
      • サウジアラビア
      • 南アフリカ
      • ナイジェリア
      • その他ラテンアメリカ・中東・アフリカ地域

第7章 企業プロファイル

  • Amazon Web Services, Inc(Amazon.com, Inc.)
  • Microsoft Corporation
  • Oracle Corporation
  • IBM Corporation
  • RecordsKeeper
  • Symbiont
  • Xceedance
  • Auxesis Services & Technologies(P)Ltd
  • Cornerstone Insurance Brokers Ltd(SafeShare)
  • ConsenSys Software Inc
図表

LIST OF TABLES

  • TABLE 1 Global Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 2 Global Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 3 Global Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 4 Global Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 5 Global Large Enterprises Market by Region, 2019 - 2022, USD Million
  • TABLE 6 Global Large Enterprises Market by Region, 2023 - 2029, USD Million
  • TABLE 7 Global Small & Medium-sized Enterprises Market by Region, 2019 - 2022, USD Million
  • TABLE 8 Global Small & Medium-sized Enterprises Market by Region, 2023 - 2029, USD Million
  • TABLE 9 Global Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 10 Global Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 11 Global Solution Market by Region, 2019 - 2022, USD Million
  • TABLE 12 Global Solution Market by Region, 2023 - 2029, USD Million
  • TABLE 13 Global Services Market by Region, 2019 - 2022, USD Million
  • TABLE 14 Global Services Market by Region, 2023 - 2029, USD Million
  • TABLE 15 Global Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 16 Global Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 17 Global Identity Management & Fraud Detection Market by Region, 2019 - 2022, USD Million
  • TABLE 18 Global Identity Management & Fraud Detection Market by Region, 2023 - 2029, USD Million
  • TABLE 19 Global Claims Management Market by Region, 2019 - 2022, USD Million
  • TABLE 20 Global Claims Management Market by Region, 2023 - 2029, USD Million
  • TABLE 21 Global Payments Market by Region, 2019 - 2022, USD Million
  • TABLE 22 Global Payments Market by Region, 2023 - 2029, USD Million
  • TABLE 23 Global GRC Management Market by Region, 2019 - 2022, USD Million
  • TABLE 24 Global GRC Management Market by Region, 2023 - 2029, USD Million
  • TABLE 25 Global Others Market by Region, 2019 - 2022, USD Million
  • TABLE 26 Global Others Market by Region, 2023 - 2029, USD Million
  • TABLE 27 Global Blockchain in Insurance Market by Region, 2019 - 2022, USD Million
  • TABLE 28 Global Blockchain in Insurance Market by Region, 2023 - 2029, USD Million
  • TABLE 29 North America Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 30 North America Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 31 North America Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 32 North America Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 33 North America Large Enterprises Market by Country, 2019 - 2022, USD Million
  • TABLE 34 North America Large Enterprises Market by Country, 2023 - 2029, USD Million
  • TABLE 35 North America Small & Medium-sized Enterprises Market by Country, 2019 - 2022, USD Million
  • TABLE 36 North America Small & Medium-sized Enterprises Market by Country, 2023 - 2029, USD Million
  • TABLE 37 North America Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 38 North America Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 39 North America Solution Market by Country, 2019 - 2022, USD Million
  • TABLE 40 North America Solution Market by Country, 2023 - 2029, USD Million
  • TABLE 41 North America Services Market by Country, 2019 - 2022, USD Million
  • TABLE 42 North America Services Market by Country, 2023 - 2029, USD Million
  • TABLE 43 North America Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 44 North America Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 45 North America Identity Management & Fraud Detection Market by Country, 2019 - 2022, USD Million
  • TABLE 46 North America Identity Management & Fraud Detection Market by Country, 2023 - 2029, USD Million
  • TABLE 47 North America Claims Management Market by Country, 2019 - 2022, USD Million
  • TABLE 48 North America Claims Management Market by Country, 2023 - 2029, USD Million
  • TABLE 49 North America Payments Market by Country, 2019 - 2022, USD Million
  • TABLE 50 North America Payments Market by Country, 2023 - 2029, USD Million
  • TABLE 51 North America GRC Management Market by Country, 2019 - 2022, USD Million
  • TABLE 52 North America GRC Management Market by Country, 2023 - 2029, USD Million
  • TABLE 53 North America Others Market by Country, 2019 - 2022, USD Million
  • TABLE 54 North America Others Market by Country, 2023 - 2029, USD Million
  • TABLE 55 North America Blockchain in Insurance Market by Country, 2019 - 2022, USD Million
  • TABLE 56 North America Blockchain in Insurance Market by Country, 2023 - 2029, USD Million
  • TABLE 57 US Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 58 US Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 59 US Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 60 US Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 61 US Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 62 US Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 63 US Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 64 US Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 65 Canada Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 66 Canada Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 67 Canada Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 68 Canada Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 69 Canada Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 70 Canada Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 71 Canada Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 72 Canada Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 73 Mexico Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 74 Mexico Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 75 Mexico Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 76 Mexico Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 77 Mexico Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 78 Mexico Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 79 Mexico Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 80 Mexico Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 81 Rest of North America Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 82 Rest of North America Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 83 Rest of North America Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 84 Rest of North America Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 85 Rest of North America Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 86 Rest of North America Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 87 Rest of North America Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 88 Rest of North America Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 89 Europe Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 90 Europe Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 91 Europe Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 92 Europe Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 93 Europe Large Enterprises Market by Country, 2019 - 2022, USD Million
  • TABLE 94 Europe Large Enterprises Market by Country, 2023 - 2029, USD Million
  • TABLE 95 Europe Small & Medium-sized Enterprises Market by Country, 2019 - 2022, USD Million
  • TABLE 96 Europe Small & Medium-sized Enterprises Market by Country, 2023 - 2029, USD Million
  • TABLE 97 Europe Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 98 Europe Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 99 Europe Solution Market by Country, 2019 - 2022, USD Million
  • TABLE 100 Europe Solution Market by Country, 2023 - 2029, USD Million
  • TABLE 101 Europe Services Market by Country, 2019 - 2022, USD Million
  • TABLE 102 Europe Services Market by Country, 2023 - 2029, USD Million
  • TABLE 103 Europe Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 104 Europe Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 105 Europe Identity Management & Fraud Detection Market by Country, 2019 - 2022, USD Million
  • TABLE 106 Europe Identity Management & Fraud Detection Market by Country, 2023 - 2029, USD Million
  • TABLE 107 Europe Claims Management Market by Country, 2019 - 2022, USD Million
  • TABLE 108 Europe Claims Management Market by Country, 2023 - 2029, USD Million
  • TABLE 109 Europe Payments Market by Country, 2019 - 2022, USD Million
  • TABLE 110 Europe Payments Market by Country, 2023 - 2029, USD Million
  • TABLE 111 Europe GRC Management Market by Country, 2019 - 2022, USD Million
  • TABLE 112 Europe GRC Management Market by Country, 2023 - 2029, USD Million
  • TABLE 113 Europe Others Market by Country, 2019 - 2022, USD Million
  • TABLE 114 Europe Others Market by Country, 2023 - 2029, USD Million
  • TABLE 115 Europe Blockchain in Insurance Market by Country, 2019 - 2022, USD Million
  • TABLE 116 Europe Blockchain in Insurance Market by Country, 2023 - 2029, USD Million
  • TABLE 117 Germany Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 118 Germany Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 119 Germany Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 120 Germany Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 121 Germany Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 122 Germany Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 123 Germany Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 124 Germany Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 125 UK Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 126 UK Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 127 UK Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 128 UK Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 129 UK Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 130 UK Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 131 UK Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 132 UK Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 133 France Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 134 France Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 135 France Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 136 France Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 137 France Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 138 France Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 139 France Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 140 France Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 141 Russia Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 142 Russia Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 143 Russia Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 144 Russia Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 145 Russia Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 146 Russia Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 147 Russia Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 148 Russia Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 149 Spain Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 150 Spain Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 151 Spain Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 152 Spain Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 153 Spain Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 154 Spain Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 155 Spain Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 156 Spain Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 157 Italy Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 158 Italy Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 159 Italy Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 160 Italy Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 161 Italy Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 162 Italy Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 163 Italy Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 164 Italy Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 165 Rest of Europe Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 166 Rest of Europe Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 167 Rest of Europe Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 168 Rest of Europe Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 169 Rest of Europe Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 170 Rest of Europe Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 171 Rest of Europe Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 172 Rest of Europe Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 173 Asia Pacific Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 174 Asia Pacific Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 175 Asia Pacific Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 176 Asia Pacific Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 177 Asia Pacific Large Enterprises Market by Country, 2019 - 2022, USD Million
  • TABLE 178 Asia Pacific Large Enterprises Market by Country, 2023 - 2029, USD Million
  • TABLE 179 Asia Pacific Small & Medium-sized Enterprises Market by Country, 2019 - 2022, USD Million
  • TABLE 180 Asia Pacific Small & Medium-sized Enterprises Market by Country, 2023 - 2029, USD Million
  • TABLE 181 Asia Pacific Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 182 Asia Pacific Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 183 Asia Pacific Solution Market by Country, 2019 - 2022, USD Million
  • TABLE 184 Asia Pacific Solution Market by Country, 2023 - 2029, USD Million
  • TABLE 185 Asia Pacific Services Market by Country, 2019 - 2022, USD Million
  • TABLE 186 Asia Pacific Services Market by Country, 2023 - 2029, USD Million
  • TABLE 187 Asia Pacific Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 188 Asia Pacific Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 189 Asia Pacific Identity Management & Fraud Detection Market by Country, 2019 - 2022, USD Million
  • TABLE 190 Asia Pacific Identity Management & Fraud Detection Market by Country, 2023 - 2029, USD Million
  • TABLE 191 Asia Pacific Claims Management Market by Country, 2019 - 2022, USD Million
  • TABLE 192 Asia Pacific Claims Management Market by Country, 2023 - 2029, USD Million
  • TABLE 193 Asia Pacific Payments Market by Country, 2019 - 2022, USD Million
  • TABLE 194 Asia Pacific Payments Market by Country, 2023 - 2029, USD Million
  • TABLE 195 Asia Pacific GRC Management Market by Country, 2019 - 2022, USD Million
  • TABLE 196 Asia Pacific GRC Management Market by Country, 2023 - 2029, USD Million
  • TABLE 197 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
  • TABLE 198 Asia Pacific Others Market by Country, 2023 - 2029, USD Million
  • TABLE 199 Asia Pacific Blockchain in Insurance Market by Country, 2019 - 2022, USD Million
  • TABLE 200 Asia Pacific Blockchain in Insurance Market by Country, 2023 - 2029, USD Million
  • TABLE 201 China Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 202 China Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 203 China Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 204 China Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 205 China Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 206 China Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 207 China Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 208 China Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 209 Japan Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 210 Japan Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 211 Japan Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 212 Japan Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 213 Japan Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 214 Japan Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 215 Japan Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 216 Japan Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 217 India Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 218 India Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 219 India Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 220 India Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 221 India Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 222 India Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 223 India Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 224 India Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 225 South Korea Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 226 South Korea Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 227 South Korea Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 228 South Korea Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 229 South Korea Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 230 South Korea Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 231 South Korea Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 232 South Korea Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 233 Singapore Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 234 Singapore Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 235 Singapore Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 236 Singapore Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 237 Singapore Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 238 Singapore Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 239 Singapore Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 240 Singapore Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 241 Malaysia Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 242 Malaysia Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 243 Malaysia Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 244 Malaysia Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 245 Malaysia Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 246 Malaysia Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 247 Malaysia Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 248 Malaysia Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 249 Rest of Asia Pacific Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 250 Rest of Asia Pacific Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 251 Rest of Asia Pacific Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 252 Rest of Asia Pacific Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 253 Rest of Asia Pacific Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 254 Rest of Asia Pacific Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 255 Rest of Asia Pacific Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 256 Rest of Asia Pacific Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 257 LAMEA Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 258 LAMEA Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 259 LAMEA Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 260 LAMEA Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 261 LAMEA Large Enterprises Market by Country, 2019 - 2022, USD Million
  • TABLE 262 LAMEA Large Enterprises Market by Country, 2023 - 2029, USD Million
  • TABLE 263 LAMEA Small & Medium-sized Enterprises Market by Country, 2019 - 2022, USD Million
  • TABLE 264 LAMEA Small & Medium-sized Enterprises Market by Country, 2023 - 2029, USD Million
  • TABLE 265 LAMEA Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 266 LAMEA Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 267 LAMEA Solution Market by Country, 2019 - 2022, USD Million
  • TABLE 268 LAMEA Solution Market by Country, 2023 - 2029, USD Million
  • TABLE 269 LAMEA Services Market by Country, 2019 - 2022, USD Million
  • TABLE 270 LAMEA Services Market by Country, 2023 - 2029, USD Million
  • TABLE 271 LAMEA Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 272 LAMEA Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 273 LAMEA Identity Management & Fraud Detection Market by Country, 2019 - 2022, USD Million
  • TABLE 274 LAMEA Identity Management & Fraud Detection Market by Country, 2023 - 2029, USD Million
  • TABLE 275 LAMEA Claims Management Market by Country, 2019 - 2022, USD Million
  • TABLE 276 LAMEA Claims Management Market by Country, 2023 - 2029, USD Million
  • TABLE 277 LAMEA Payments Market by Country, 2019 - 2022, USD Million
  • TABLE 278 LAMEA Payments Market by Country, 2023 - 2029, USD Million
  • TABLE 279 LAMEA GRC Management Market by Country, 2019 - 2022, USD Million
  • TABLE 280 LAMEA GRC Management Market by Country, 2023 - 2029, USD Million
  • TABLE 281 LAMEA Others Market by Country, 2019 - 2022, USD Million
  • TABLE 282 LAMEA Others Market by Country, 2023 - 2029, USD Million
  • TABLE 283 LAMEA Blockchain in Insurance Market by Country, 2019 - 2022, USD Million
  • TABLE 284 LAMEA Blockchain in Insurance Market by Country, 2023 - 2029, USD Million
  • TABLE 285 Brazil Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 286 Brazil Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 287 Brazil Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 288 Brazil Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 289 Brazil Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 290 Brazil Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 291 Brazil Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 292 Brazil Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 293 Argentina Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 294 Argentina Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 295 Argentina Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 296 Argentina Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 297 Argentina Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 298 Argentina Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 299 Argentina Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 300 Argentina Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 301 UAE Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 302 UAE Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 303 UAE Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 304 UAE Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 305 UAE Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 306 UAE Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 307 UAE Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 308 UAE Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 309 Saudi Arabia Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 310 Saudi Arabia Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 311 Saudi Arabia Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 312 Saudi Arabia Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 313 Saudi Arabia Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 314 Saudi Arabia Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 315 Saudi Arabia Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 316 Saudi Arabia Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 317 South Africa Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 318 South Africa Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 319 South Africa Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 320 South Africa Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 321 South Africa Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 322 South Africa Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 323 South Africa Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 324 South Africa Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 325 Nigeria Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 326 Nigeria Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 327 Nigeria Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 328 Nigeria Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 329 Nigeria Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 330 Nigeria Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 331 Nigeria Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 332 Nigeria Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 333 Rest of LAMEA Blockchain in Insurance Market, 2019 - 2022, USD Million
  • TABLE 334 Rest of LAMEA Blockchain in Insurance Market, 2023 - 2029, USD Million
  • TABLE 335 Rest of LAMEA Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
  • TABLE 336 Rest of LAMEA Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
  • TABLE 337 Rest of LAMEA Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
  • TABLE 338 Rest of LAMEA Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
  • TABLE 339 Rest of LAMEA Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
  • TABLE 340 Rest of LAMEA Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
  • TABLE 341 Key Information - Amazon Web Services, Inc.
  • TABLE 342 key information - Microsoft Corporation
  • TABLE 343 Key Information - Oracle Corporation
  • TABLE 344 Key information - IBM Corporation
  • TABLE 345 Key Information - RecordsKeeper
  • TABLE 346 Key Information - Symbiont
  • TABLE 347 Key Information - Xceedance
  • TABLE 348 Key Information - Auxesis Services & Technologies (P) Ltd.
  • TABLE 349 Key Information - Cornerstone Insurance Brokers Ltd.
  • TABLE 350 Key Information - ConsenSys Software Inc.

List of Figures

  • FIG 1 Methodology for the research
  • FIG 2 Global Blockchain in Insurance Market share by Enterprise Size, 2022
  • FIG 3 Global Blockchain in Insurance Market share by Enterprise Size, 2029
  • FIG 4 Global Blockchain in Insurance Market by Enterprise Size, 2019 - 2029, USD Million
  • FIG 5 Global Blockchain in Insurance Market share by Component, 2022
  • FIG 6 Global Blockchain in Insurance Market share by Component, 2029
  • FIG 7 Global Blockchain in Insurance Market by Component, 2019 - 2029, USD Million
  • FIG 8 Global Blockchain in Insurance Market share by Application, 2022
  • FIG 9 Global Blockchain in Insurance Market share by Application, 2029
  • FIG 10 Global Blockchain in Insurance Market by Application, 2019 - 2029, USD Million
  • FIG 11 Global Blockchain in Insurance Market share by Region, 2022
  • FIG 12 Global Blockchain in Insurance Market share by Region, 2029
  • FIG 13 Global Blockchain in Insurance Market by Region, 2019 - 2029, USD Million
  • FIG 14 SWOT analysis: Amazon.com, Inc.
  • FIG 15 SWOT Analysis: Microsoft Corporation
  • FIG 16 SWOT analysis: Oracle Corporation
  • FIG 17 Swot analysis: IBM Corporation
目次

The Global Blockchain in Insurance Market size is expected to reach $11.8 billion by 2029, rising at a market growth of 51.8% CAGR during the forecast period.

A decentralized and shared digital distributed ledger that keeps track and gives the history of a person's transactions, including claims, is known as a blockchain in insurance. This technology aids insurers in preventing, detecting, and combating fraud. In addition, for customers and insurers to manage claims in a transparent and timely manner, smart contracts are available due to blockchain technology. Insurance companies have started testing and validating new models based on blockchain technology, starting with internal, low-risk prototypes and pilot projects within their infrastructure.

Blockchain is a technique that securely saves cryptographic data. Many people used to favor insurance brokers. Paper-based policies, payments, contracts, and claims were vulnerable to numerous mistakes. This form of insurance carries a significant amount of risk. Among the threats are policy loss, abuse, and misinterpretation. However, all of these tasks have become simple with the aid of blockchain in the insurance market. In several places, blockchain technology for insurance is getting a lot of attention.

It is a technology with unique components like Bitcoin and cryptocurrency. Blockchain has a significant impact on insurance firms. Blockchain has many advantages in the insurance industry. With regard to insurance technology, the blockchain has features for high security and fraud avoidance. The curriculum also includes property-casualty management as a key component. It oversees the administration of reinsurance, life insurance, and health insurance.

COVID-19 Impact Analysis

The demand for the market is anticipated to increase dramatically after COVID-19. Additionally, Blockchain adoption in the insurance industry will be higher. The main causes of the rising demand are fraud prevention measures and strong security features. After the COVID-19 pandemic has passed and the insurance sector has recovered, blockchain adoption is anticipated to soar in the upcoming years. Also, many people adopted life and health insurance during this time because of their worries about their health during the pandemic. Although the pandemic had a minor impact on market growth, the above-mentioned factors caused the market to rebound and experience significant growth during and after the pandemic.

Market Growth Factors

The use of cutting-edge software platforms

Especially in the BFSI sector, blockchain is expected to expand extremely quickly. The technology development is anticipated to give blockchain service providers previously unheard-of options to adapt their offerings and make them available to such banks. As a result of the phenomenal expansion of BaaS, some giants of the IT industry have begun adding BaaS modules to their cloud computing platforms. As a result, the expansion of the blockchain in the insurance market is being driven by these insurance-related aspects.

Rising demand for safe online platforms

The adoption of secure online platforms is driving the expansion of the blockchain in insurance, as the insurance sector is increasingly utilizing digital technology to boost operations, expedite procedures, and improve customer experience. Due to this, there is an increasing need for secure online platforms that can give users an effortless and secure digital experience. In addition, the move toward working-from-home trends and online access to services, including insurance, has also been pushed by the pandemic. As a result, there is a growing demand for safe online platforms that can offer dependable and secure access to data and services as more consumers access insurance services online and conduct business remotely.

Market Restraining Factors

Regulatory status uncertainty and a lack of consistent norms

Blockchain technology used in insurance is constantly evolving. These developments impact the existing regulatory requirements. However, this aspect impacts technology utilization as it is challenging for regulatory bodies to keep up with technological changes. Regulatory agencies must comprehend how the rules can affect the entire application of technology in light of these technological breakthroughs. Regulator uncertainty is still a worry in the insurance industry's adoption of blockchain technology. Hence, uncertain rules and a lack of uniform standards for writing cryptocurrency transactions on blockchain technology impact its adoption in the insurance sector.

Component Outlook

Based on component, the blockchain in insurance market is segmented into solution and services. The services segment acquired a substantial revenue share in the blockchain in insurance market in 2022. This is because these services can provide insurance with a focus on the needs of the customer and maximizing profits. Additionally, for insurance firms, blockchain technology holds a lot of promise because it supports several key operations, such as the gathering of data on insured individuals.

Application Outlook

On the basis of application, the blockchain in insurance market is divided into GRC management, claims management, identity management & fraud detection, payments and others. The claims management segment procured a significant revenue share in the blockchain in insurance market in 2022. This is due to the fact that the system offers a complete record of customer and insurance data, which aids in preventing duplicate claim payments. Insurance businesses may simplify claim intake and validation using blockchain technology, which ensures fair and transparent claim resolution.

Enterprise Size Outlook

By enterprise size, the blockchain in insurance market is classified into large enterprises and small and medium-sized enterprises. The large enterprises segment witnessed the largest revenue share in the blockchain in insurance market in 2022. This is because with blockchain the information is secure and automated. The use of a smart contract on blockchain technology enables this type of payment contract to be performed without human interaction. This potent technology can benefit big businesses with the automation of the contract.

Regional Outlook

Region-wise, the blockchain in insurance market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region registered the highest revenue share in the blockchain in insurance market in 2022. This is due to the fact that major North American retail banking service providers are utilizing blockchain technology to benefit their clients and combat fraud. Due to the quick adoption of the technology for KYC/ID fraud prevention and risk scoring, it is also projected that blockchain technology would be advantageous for the insurance industry.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), Microsoft Corporation, Oracle Corporation, IBM Corporation, RecordsKeeper, Symbiont, Xceedance, Auxesis Services & Technologies (P) Ltd., Cornerstone Insurance Brokers Ltd. (SafeShare) and ConsenSys Software Inc.

Scope of the Study

Market Segments covered in the Report:

By Enterprise Size

  • Large Enterprises
  • Small & Medium-sized Enterprises

By Component

  • Solution
  • Services

By Application

  • Identity Management & Fraud Detection
  • Claims Management
  • Payments
  • GRC Management
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Amazon Web Services, Inc. (Amazon.com, Inc.)
  • Microsoft Corporation
  • Oracle Corporation
  • IBM Corporation
  • RecordsKeeper
  • Symbiont
  • Xceedance
  • Auxesis Services & Technologies (P) Ltd.
  • Cornerstone Insurance Brokers Ltd. (SafeShare)
  • ConsenSys Software Inc.

Unique Offerings from KBV Research

  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology

  • 1.1 Market Definition
  • 1.2 Objectives
  • 1.3 Market Scope
  • 1.4 Segmentation
    • 1.4.1 Global Blockchain in Insurance Market, by Enterprise Size
    • 1.4.2 Global Blockchain in Insurance Market, by Component
    • 1.4.3 Global Blockchain in Insurance Market, by Application
    • 1.4.4 Global Blockchain in Insurance Market, by Geography
  • 1.5 Methodology for the research

Chapter 2. Market Overview

  • 2.1 Introduction
    • 2.1.1 Overview
      • 2.1.1.1 Market composition & scenario
  • 2.2 Key Factors Impacting the Market
    • 2.2.1 Market Drivers
    • 2.2.2 Market Restraints

Chapter 3. Global Blockchain in Insurance Market by Enterprise Size

  • 3.1 Global Large Enterprises Market by Region
  • 3.2 Global Small & Medium-sized Enterprises Market by Region

Chapter 4. Global Blockchain in Insurance Market by Component

  • 4.1 Global Solution Market by Region
  • 4.2 Global Services Market by Region

Chapter 5. Global Blockchain in Insurance Market by Application

  • 5.1 Global Identity Management & Fraud Detection Market by Region
  • 5.2 Global Claims Management Market by Region
  • 5.3 Global Payments Market by Region
  • 5.4 Global GRC Management Market by Region
  • 5.5 Global Others Market by Region

Chapter 6. Global Blockchain in Insurance Market by Region

  • 6.1 North America Blockchain in Insurance Market
    • 6.1.1 North America Blockchain in Insurance Market by Enterprise Size
      • 6.1.1.1 North America Large Enterprises Market by Country
      • 6.1.1.2 North America Small & Medium-sized Enterprises Market by Country
    • 6.1.2 North America Blockchain in Insurance Market by Component
      • 6.1.2.1 North America Solution Market by Country
      • 6.1.2.2 North America Services Market by Country
    • 6.1.3 North America Blockchain in Insurance Market by Application
      • 6.1.3.1 North America Identity Management & Fraud Detection Market by Country
      • 6.1.3.2 North America Claims Management Market by Country
      • 6.1.3.3 North America Payments Market by Country
      • 6.1.3.4 North America GRC Management Market by Country
      • 6.1.3.5 North America Others Market by Country
    • 6.1.4 North America Blockchain in Insurance Market by Country
      • 6.1.4.1 US Blockchain in Insurance Market
        • 6.1.4.1.1 US Blockchain in Insurance Market by Enterprise Size
        • 6.1.4.1.2 US Blockchain in Insurance Market by Component
        • 6.1.4.1.3 US Blockchain in Insurance Market by Application
      • 6.1.4.2 Canada Blockchain in Insurance Market
        • 6.1.4.2.1 Canada Blockchain in Insurance Market by Enterprise Size
        • 6.1.4.2.2 Canada Blockchain in Insurance Market by Component
        • 6.1.4.2.3 Canada Blockchain in Insurance Market by Application
      • 6.1.4.3 Mexico Blockchain in Insurance Market
        • 6.1.4.3.1 Mexico Blockchain in Insurance Market by Enterprise Size
        • 6.1.4.3.2 Mexico Blockchain in Insurance Market by Component
        • 6.1.4.3.3 Mexico Blockchain in Insurance Market by Application
      • 6.1.4.4 Rest of North America Blockchain in Insurance Market
        • 6.1.4.4.1 Rest of North America Blockchain in Insurance Market by Enterprise Size
        • 6.1.4.4.2 Rest of North America Blockchain in Insurance Market by Component
        • 6.1.4.4.3 Rest of North America Blockchain in Insurance Market by Application
  • 6.2 Europe Blockchain in Insurance Market
    • 6.2.1 Europe Blockchain in Insurance Market by Enterprise Size
      • 6.2.1.1 Europe Large Enterprises Market by Country
      • 6.2.1.2 Europe Small & Medium-sized Enterprises Market by Country
    • 6.2.2 Europe Blockchain in Insurance Market by Component
      • 6.2.2.1 Europe Solution Market by Country
      • 6.2.2.2 Europe Services Market by Country
    • 6.2.3 Europe Blockchain in Insurance Market by Application
      • 6.2.3.1 Europe Identity Management & Fraud Detection Market by Country
      • 6.2.3.2 Europe Claims Management Market by Country
      • 6.2.3.3 Europe Payments Market by Country
      • 6.2.3.4 Europe GRC Management Market by Country
      • 6.2.3.5 Europe Others Market by Country
    • 6.2.4 Europe Blockchain in Insurance Market by Country
      • 6.2.4.1 Germany Blockchain in Insurance Market
        • 6.2.4.1.1 Germany Blockchain in Insurance Market by Enterprise Size
        • 6.2.4.1.2 Germany Blockchain in Insurance Market by Component
        • 6.2.4.1.3 Germany Blockchain in Insurance Market by Application
      • 6.2.4.2 UK Blockchain in Insurance Market
        • 6.2.4.2.1 UK Blockchain in Insurance Market by Enterprise Size
        • 6.2.4.2.2 UK Blockchain in Insurance Market by Component
        • 6.2.4.2.3 UK Blockchain in Insurance Market by Application
      • 6.2.4.3 France Blockchain in Insurance Market
        • 6.2.4.3.1 France Blockchain in Insurance Market by Enterprise Size
        • 6.2.4.3.2 France Blockchain in Insurance Market by Component
        • 6.2.4.3.3 France Blockchain in Insurance Market by Application
      • 6.2.4.4 Russia Blockchain in Insurance Market
        • 6.2.4.4.1 Russia Blockchain in Insurance Market by Enterprise Size
        • 6.2.4.4.2 Russia Blockchain in Insurance Market by Component
        • 6.2.4.4.3 Russia Blockchain in Insurance Market by Application
      • 6.2.4.5 Spain Blockchain in Insurance Market
        • 6.2.4.5.1 Spain Blockchain in Insurance Market by Enterprise Size
        • 6.2.4.5.2 Spain Blockchain in Insurance Market by Component
        • 6.2.4.5.3 Spain Blockchain in Insurance Market by Application
      • 6.2.4.6 Italy Blockchain in Insurance Market
        • 6.2.4.6.1 Italy Blockchain in Insurance Market by Enterprise Size
        • 6.2.4.6.2 Italy Blockchain in Insurance Market by Component
        • 6.2.4.6.3 Italy Blockchain in Insurance Market by Application
      • 6.2.4.7 Rest of Europe Blockchain in Insurance Market
        • 6.2.4.7.1 Rest of Europe Blockchain in Insurance Market by Enterprise Size
        • 6.2.4.7.2 Rest of Europe Blockchain in Insurance Market by Component
        • 6.2.4.7.3 Rest of Europe Blockchain in Insurance Market by Application
  • 6.3 Asia Pacific Blockchain in Insurance Market
    • 6.3.1 Asia Pacific Blockchain in Insurance Market by Enterprise Size
      • 6.3.1.1 Asia Pacific Large Enterprises Market by Country
      • 6.3.1.2 Asia Pacific Small & Medium-sized Enterprises Market by Country
    • 6.3.2 Asia Pacific Blockchain in Insurance Market by Component
      • 6.3.2.1 Asia Pacific Solution Market by Country
      • 6.3.2.2 Asia Pacific Services Market by Country
    • 6.3.3 Asia Pacific Blockchain in Insurance Market by Application
      • 6.3.3.1 Asia Pacific Identity Management & Fraud Detection Market by Country
      • 6.3.3.2 Asia Pacific Claims Management Market by Country
      • 6.3.3.3 Asia Pacific Payments Market by Country
      • 6.3.3.4 Asia Pacific GRC Management Market by Country
      • 6.3.3.5 Asia Pacific Others Market by Country
    • 6.3.4 Asia Pacific Blockchain in Insurance Market by Country
      • 6.3.4.1 China Blockchain in Insurance Market
        • 6.3.4.1.1 China Blockchain in Insurance Market by Enterprise Size
        • 6.3.4.1.2 China Blockchain in Insurance Market by Component
        • 6.3.4.1.3 China Blockchain in Insurance Market by Application
      • 6.3.4.2 Japan Blockchain in Insurance Market
        • 6.3.4.2.1 Japan Blockchain in Insurance Market by Enterprise Size
        • 6.3.4.2.2 Japan Blockchain in Insurance Market by Component
        • 6.3.4.2.3 Japan Blockchain in Insurance Market by Application
      • 6.3.4.3 India Blockchain in Insurance Market
        • 6.3.4.3.1 India Blockchain in Insurance Market by Enterprise Size
        • 6.3.4.3.2 India Blockchain in Insurance Market by Component
        • 6.3.4.3.3 India Blockchain in Insurance Market by Application
      • 6.3.4.4 South Korea Blockchain in Insurance Market
        • 6.3.4.4.1 South Korea Blockchain in Insurance Market by Enterprise Size
        • 6.3.4.4.2 South Korea Blockchain in Insurance Market by Component
        • 6.3.4.4.3 South Korea Blockchain in Insurance Market by Application
      • 6.3.4.5 Singapore Blockchain in Insurance Market
        • 6.3.4.5.1 Singapore Blockchain in Insurance Market by Enterprise Size
        • 6.3.4.5.2 Singapore Blockchain in Insurance Market by Component
        • 6.3.4.5.3 Singapore Blockchain in Insurance Market by Application
      • 6.3.4.6 Malaysia Blockchain in Insurance Market
        • 6.3.4.6.1 Malaysia Blockchain in Insurance Market by Enterprise Size
        • 6.3.4.6.2 Malaysia Blockchain in Insurance Market by Component
        • 6.3.4.6.3 Malaysia Blockchain in Insurance Market by Application
      • 6.3.4.7 Rest of Asia Pacific Blockchain in Insurance Market
        • 6.3.4.7.1 Rest of Asia Pacific Blockchain in Insurance Market by Enterprise Size
        • 6.3.4.7.2 Rest of Asia Pacific Blockchain in Insurance Market by Component
        • 6.3.4.7.3 Rest of Asia Pacific Blockchain in Insurance Market by Application
  • 6.4 LAMEA Blockchain in Insurance Market
    • 6.4.1 LAMEA Blockchain in Insurance Market by Enterprise Size
      • 6.4.1.1 LAMEA Large Enterprises Market by Country
      • 6.4.1.2 LAMEA Small & Medium-sized Enterprises Market by Country
    • 6.4.2 LAMEA Blockchain in Insurance Market by Component
      • 6.4.2.1 LAMEA Solution Market by Country
      • 6.4.2.2 LAMEA Services Market by Country
    • 6.4.3 LAMEA Blockchain in Insurance Market by Application
      • 6.4.3.1 LAMEA Identity Management & Fraud Detection Market by Country
      • 6.4.3.2 LAMEA Claims Management Market by Country
      • 6.4.3.3 LAMEA Payments Market by Country
      • 6.4.3.4 LAMEA GRC Management Market by Country
      • 6.4.3.5 LAMEA Others Market by Country
    • 6.4.4 LAMEA Blockchain in Insurance Market by Country
      • 6.4.4.1 Brazil Blockchain in Insurance Market
        • 6.4.4.1.1 Brazil Blockchain in Insurance Market by Enterprise Size
        • 6.4.4.1.2 Brazil Blockchain in Insurance Market by Component
        • 6.4.4.1.3 Brazil Blockchain in Insurance Market by Application
      • 6.4.4.2 Argentina Blockchain in Insurance Market
        • 6.4.4.2.1 Argentina Blockchain in Insurance Market by Enterprise Size
        • 6.4.4.2.2 Argentina Blockchain in Insurance Market by Component
        • 6.4.4.2.3 Argentina Blockchain in Insurance Market by Application
      • 6.4.4.3 UAE Blockchain in Insurance Market
        • 6.4.4.3.1 UAE Blockchain in Insurance Market by Enterprise Size
        • 6.4.4.3.2 UAE Blockchain in Insurance Market by Component
        • 6.4.4.3.3 UAE Blockchain in Insurance Market by Application
      • 6.4.4.4 Saudi Arabia Blockchain in Insurance Market
        • 6.4.4.4.1 Saudi Arabia Blockchain in Insurance Market by Enterprise Size
        • 6.4.4.4.2 Saudi Arabia Blockchain in Insurance Market by Component
        • 6.4.4.4.3 Saudi Arabia Blockchain in Insurance Market by Application
      • 6.4.4.5 South Africa Blockchain in Insurance Market
        • 6.4.4.5.1 South Africa Blockchain in Insurance Market by Enterprise Size
        • 6.4.4.5.2 South Africa Blockchain in Insurance Market by Component
        • 6.4.4.5.3 South Africa Blockchain in Insurance Market by Application
      • 6.4.4.6 Nigeria Blockchain in Insurance Market
        • 6.4.4.6.1 Nigeria Blockchain in Insurance Market by Enterprise Size
        • 6.4.4.6.2 Nigeria Blockchain in Insurance Market by Component
        • 6.4.4.6.3 Nigeria Blockchain in Insurance Market by Application
      • 6.4.4.7 Rest of LAMEA Blockchain in Insurance Market
        • 6.4.4.7.1 Rest of LAMEA Blockchain in Insurance Market by Enterprise Size
        • 6.4.4.7.2 Rest of LAMEA Blockchain in Insurance Market by Component
        • 6.4.4.7.3 Rest of LAMEA Blockchain in Insurance Market by Application

Chapter 7. Company Profiles

  • 7.1 Amazon Web Services, Inc. (Amazon.com, Inc.)
    • 7.1.1 Company Overview
    • 7.1.2 Financial Analysis
    • 7.1.3 Segmental Analysis
    • 7.1.4 Recent strategies and developments:
      • 7.1.4.1 Product Launches and Product Expansions:
    • 7.1.5 SWOT Analysis
  • 7.2 Microsoft Corporation
    • 7.2.1 Company Overview
    • 7.2.2 Financial Analysis
    • 7.2.3 Segmental and Regional Analysis
    • 7.2.4 Research & Development Expenses
    • 7.2.5 Recent strategies and developments:
      • 7.2.5.1 Partnerships, Collaborations, and Agreements:
    • 7.2.6 SWOT Analysis
  • 7.3 Oracle Corporation
    • 7.3.1 Company Overview
    • 7.3.2 Financial Analysis
    • 7.3.3 Segmental and Regional Analysis
    • 7.3.4 Research & Development Expense
    • 7.3.5 Recent strategies and developments:
      • 7.3.5.1 Partnerships, Collaborations, and Agreements:
    • 7.3.6 SWOT Analysis
  • 7.4 IBM Corporation
    • 7.4.1 Company Overview
    • 7.4.2 Financial Analysis
    • 7.4.3 Regional & Segmental Analysis
    • 7.4.4 Research & Development Expenses
    • 7.4.5 SWOT Analysis
  • 7.5 RecordsKeeper
    • 7.5.1 Company Overview
  • 7.6 Symbiont
    • 7.6.1 Company Overview
  • 7.7 Xceedance
    • 7.7.1 Company Overview
    • 7.7.2 Recent strategies and developments:
      • 7.7.2.1 Product Launches and Product Expansions:
  • 7.8 Auxesis Services & Technologies (P) Ltd.
    • 7.8.1 Company Overview
  • 7.9 Cornerstone Insurance Brokers Ltd. (SafeShare)
    • 7.9.1 Company Overview
  • 7.10. ConsenSys Software Inc.
    • 7.10.1 Company Overview
    • 7.10.2 Recent strategies and developments:
      • 7.10.2.1 Acquisition and Mergers: