PUBLISHER: KBV Research | PRODUCT CODE: 1276743
PUBLISHER: KBV Research | PRODUCT CODE: 1276743
Europe 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 Country and Growth Forecast, 2023 - 2029
The Europe Blockchain in Insurance Market would witness market growth of 51.1% CAGR during the forecast period (2023-2029).
The application of blockchain technology in the insurance sector has gained speed. A possible option for the insurance industry, blockchain is a distributed ledger technology that permits safe, open, and immutable record-keeping. Additionally, insurance services are being made available to underserved markets like small and medium-sized enterprises, independent contractors, and people without access to conventional banking services using blockchain technology.
The insurance sector is also putting more effort into providing better customer service by utilizing new technology and data analytics to raise consumer engagement and satisfaction. This entails creating brand-new goods and services customized to meet certain client requirements and providing a more simplified and individualized claims process. Additionally, as more businesses and organizations adopt these technologies to boost productivity, cut costs, and provide a better customer experience, ultimately improving the insurance industry, the use of blockchain in insurance is predicted to grow.
A lot of students are moving to the country for programs and higher education. Scholarship programs are also being offered by several institutions and colleges, drawing applicants. As the tourism industry expands, more instances of crucial paperwork going missing, natural disasters occurring, bags missing, and health issues are reported. These factors will provide an opportunity for the insurance sector to implement new-age technologies and streamline all the processes and maintain the necessary documents to capture the growing tourism sector and thereby propel the market growth in the Europe.
The Germany market dominated the Europe Blockchain in Insurance Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $801.7 Million by 2029. The UK market is anticipated to grow at a CAGR of 49.9% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 52.3% during (2023 - 2029).
Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises. Based on Component, the market is segmented into Solution and Services. Based on Application, the market is segmented into Identity Management & Fraud Detection, Claims Management, Payments, GRC Management and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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 Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Blockchain in Insurance Market, by Enterprise Size
- 1.4.2 Europe Blockchain in Insurance Market, by Component
- 1.4.3 Europe Blockchain in Insurance Market, by Application
- 1.4.4 Europe Blockchain in Insurance Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market composition & scenario
- 2.1.1 Overview
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
Chapter 3. Europe Blockchain in Insurance Market by Enterprise Size
- 3.1 Europe Large Enterprises Market by Country
- 3.2 Europe Small & Medium-sized Enterprises Market by Country
Chapter 4. Europe Blockchain in Insurance Market by Component
- 4.1 Europe Solution Market by Country
- 4.2 Europe Services Market by Country
Chapter 5. Europe Blockchain in Insurance Market by Application
- 5.1 Europe Identity Management & Fraud Detection Market by Country
- 5.2 Europe Claims Management Market by Country
- 5.3 Europe Payments Market by Country
- 5.4 Europe GRC Management Market by Country
- 5.5 Europe Others Market by Country
Chapter 6. Europe Blockchain in Insurance Market by Country
- 6.1 Germany Blockchain in Insurance Market
- 6.1.1 Germany Blockchain in Insurance Market by Enterprise Size
- 6.1.2 Germany Blockchain in Insurance Market by Component
- 6.1.3 Germany Blockchain in Insurance Market by Application
- 6.2 UK Blockchain in Insurance Market
- 6.2.1 UK Blockchain in Insurance Market by Enterprise Size
- 6.2.2 UK Blockchain in Insurance Market by Component
- 6.2.3 UK Blockchain in Insurance Market by Application
- 6.3 France Blockchain in Insurance Market
- 6.3.1 France Blockchain in Insurance Market by Enterprise Size
- 6.3.2 France Blockchain in Insurance Market by Component
- 6.3.3 France Blockchain in Insurance Market by Application
- 6.4 Russia Blockchain in Insurance Market
- 6.4.1 Russia Blockchain in Insurance Market by Enterprise Size
- 6.4.2 Russia Blockchain in Insurance Market by Component
- 6.4.3 Russia Blockchain in Insurance Market by Application
- 6.5 Spain Blockchain in Insurance Market
- 6.5.1 Spain Blockchain in Insurance Market by Enterprise Size
- 6.5.2 Spain Blockchain in Insurance Market by Component
- 6.5.3 Spain Blockchain in Insurance Market by Application
- 6.6 Italy Blockchain in Insurance Market
- 6.6.1 Italy Blockchain in Insurance Market by Enterprise Size
- 6.6.2 Italy Blockchain in Insurance Market by Component
- 6.6.3 Italy Blockchain in Insurance Market by Application
- 6.7 Rest of Europe Blockchain in Insurance Market
- 6.7.1 Rest of Europe Blockchain in Insurance Market by Enterprise Size
- 6.7.2 Rest of Europe Blockchain in Insurance Market by Component
- 6.7.3 Rest of Europe 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:
LIST OF TABLES
- TABLE 1 Europe Blockchain in Insurance Market, 2019 - 2022, USD Million
- TABLE 2 Europe Blockchain in Insurance Market, 2023 - 2029, USD Million
- TABLE 3 Europe Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 4 Europe Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
- TABLE 5 Europe Large Enterprises Market by Country, 2019 - 2022, USD Million
- TABLE 6 Europe Large Enterprises Market by Country, 2023 - 2029, USD Million
- TABLE 7 Europe Small & Medium-sized Enterprises Market by Country, 2019 - 2022, USD Million
- TABLE 8 Europe Small & Medium-sized Enterprises Market by Country, 2023 - 2029, USD Million
- TABLE 9 Europe Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
- TABLE 10 Europe Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
- TABLE 11 Europe Solution Market by Country, 2019 - 2022, USD Million
- TABLE 12 Europe Solution Market by Country, 2023 - 2029, USD Million
- TABLE 13 Europe Services Market by Country, 2019 - 2022, USD Million
- TABLE 14 Europe Services Market by Country, 2023 - 2029, USD Million
- TABLE 15 Europe Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
- TABLE 16 Europe Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
- TABLE 17 Europe Identity Management & Fraud Detection Market by Country, 2019 - 2022, USD Million
- TABLE 18 Europe Identity Management & Fraud Detection Market by Country, 2023 - 2029, USD Million
- TABLE 19 Europe Claims Management Market by Country, 2019 - 2022, USD Million
- TABLE 20 Europe Claims Management Market by Country, 2023 - 2029, USD Million
- TABLE 21 Europe Payments Market by Country, 2019 - 2022, USD Million
- TABLE 22 Europe Payments Market by Country, 2023 - 2029, USD Million
- TABLE 23 Europe GRC Management Market by Country, 2019 - 2022, USD Million
- TABLE 24 Europe GRC Management Market by Country, 2023 - 2029, USD Million
- TABLE 25 Europe Others Market by Country, 2019 - 2022, USD Million
- TABLE 26 Europe Others Market by Country, 2023 - 2029, USD Million
- TABLE 27 Europe Blockchain in Insurance Market by Country, 2019 - 2022, USD Million
- TABLE 28 Europe Blockchain in Insurance Market by Country, 2023 - 2029, USD Million
- TABLE 29 Germany Blockchain in Insurance Market, 2019 - 2022, USD Million
- TABLE 30 Germany Blockchain in Insurance Market, 2023 - 2029, USD Million
- TABLE 31 Germany Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 32 Germany Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
- TABLE 33 Germany Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
- TABLE 34 Germany Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
- TABLE 35 Germany Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
- TABLE 36 Germany Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
- TABLE 37 UK Blockchain in Insurance Market, 2019 - 2022, USD Million
- TABLE 38 UK Blockchain in Insurance Market, 2023 - 2029, USD Million
- TABLE 39 UK Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 40 UK Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
- TABLE 41 UK Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
- TABLE 42 UK Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
- TABLE 43 UK Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
- TABLE 44 UK Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
- TABLE 45 France Blockchain in Insurance Market, 2019 - 2022, USD Million
- TABLE 46 France Blockchain in Insurance Market, 2023 - 2029, USD Million
- TABLE 47 France Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 48 France Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
- TABLE 49 France Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
- TABLE 50 France Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
- TABLE 51 France Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
- TABLE 52 France Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
- TABLE 53 Russia Blockchain in Insurance Market, 2019 - 2022, USD Million
- TABLE 54 Russia Blockchain in Insurance Market, 2023 - 2029, USD Million
- TABLE 55 Russia Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 56 Russia Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
- TABLE 57 Russia Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
- TABLE 58 Russia Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
- TABLE 59 Russia Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
- TABLE 60 Russia Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
- TABLE 61 Spain Blockchain in Insurance Market, 2019 - 2022, USD Million
- TABLE 62 Spain Blockchain in Insurance Market, 2023 - 2029, USD Million
- TABLE 63 Spain Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 64 Spain Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
- TABLE 65 Spain Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
- TABLE 66 Spain Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
- TABLE 67 Spain Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
- TABLE 68 Spain Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
- TABLE 69 Italy Blockchain in Insurance Market, 2019 - 2022, USD Million
- TABLE 70 Italy Blockchain in Insurance Market, 2023 - 2029, USD Million
- TABLE 71 Italy Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 72 Italy Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
- TABLE 73 Italy Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
- TABLE 74 Italy Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
- TABLE 75 Italy Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
- TABLE 76 Italy Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
- TABLE 77 Rest of Europe Blockchain in Insurance Market, 2019 - 2022, USD Million
- TABLE 78 Rest of Europe Blockchain in Insurance Market, 2023 - 2029, USD Million
- TABLE 79 Rest of Europe Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 80 Rest of Europe Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
- TABLE 81 Rest of Europe Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
- TABLE 82 Rest of Europe Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
- TABLE 83 Rest of Europe Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
- TABLE 84 Rest of Europe Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
- TABLE 85 Key Information - Amazon Web Services, Inc.
- TABLE 86 key information - Microsoft Corporation
- TABLE 87 Key Information - Oracle Corporation
- TABLE 88 Key information - IBM Corporation
- TABLE 89 Key Information - RecordsKeeper
- TABLE 90 Key Information - Symbiont
- TABLE 91 Key Information - Xceedance
- TABLE 92 Key Information - Auxesis Services & Technologies (P) Ltd.
- TABLE 93 Key Information - Cornerstone Insurance Brokers Ltd.
- TABLE 94 Key Information - ConsenSys Software Inc.
List of Figures
- FIG 1 Methodology for the research
- FIG 2 SWOT analysis: Amazon.com, Inc.
- FIG 3 SWOT Analysis: Microsoft Corporation
- FIG 4 SWOT analysis: Oracle Corporation
- FIG 5 Swot analysis: IBM Corporation
