Global Blockchain In Insurance Market is projected at USD 431.45 Million in the year 2021 and is expected to reach USD 27,036.76 Million by 2028, with a CAGR of 80.6% over the analysis period.
The report analyzes and presents an overview on "Blockchain in Insurance" worldwide.
Blockchain technology, often referred to as distributed ledger technology (or DLT), is a means by which the participants in a distributed network can each maintain a copy of an immutable ledger of transactions, and where transactions can be executed without the need for a single, central, coordinating authority.
Players Covered in Blockchain in Insurance Market :
Ardor, Adnovum, Swisscom Blockchain, 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 and other major players.
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Market Segmentation:
By Type
· Private Blockchain
· Public Blockchain
· Consortium Blockchain
By Application
· GRC management
· Death and Claims Management
· Fraud Detection
· Payments
· Smart contracts
Blockchain in Insurance Market Regional Analysis/Insights:
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western
Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
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Reasons to buy
- The report highlights some of the key players in the blockchain industry.
- It identifies the key trends in this technology theme.
- The report analyses the blockchain value chain by use case.
- It also provides an industry analysis explaining how the technology is moving beyond the incubation phase, but is still largely the domain of proof-of-concept projects and small-scale production deployments.
- The report also offers a technology briefing, highlighting how blockchain technology has developed over the last decade and how it works.
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