PUBLISHER: KBV Research | PRODUCT CODE: 1276744
PUBLISHER: KBV Research | PRODUCT CODE: 1276744
Asia Pacific 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 Asia Pacific Blockchain in Insurance Market would witness market growth of 53.1% CAGR during the forecast period (2023-2029).
The majority of insurance businesses are utilizing Blockchain technology to alter their outdated systems. A reliable technology with fewer fraud and risk issues is the blockchain in the insurance industry. Another important component of the Blockchain insurance system policy is validation. Through authentication, the policy and insurance can be verified. The system can also provide a history of the insurance. These properties enable strategies for preventing fraud. Another force in this business is the expanding use of digital technology.
The application enables the adoption of blockchain in the insurance industry. These elements will be in charge of the high blockchain profit in the insurance sector. Blockchain adoption in the insurance industry is accelerating quickly. The BSFI sector, in particular, is in great demand. The industry will have lots of potential for expansion as a result of technological advancement. The development of technology will enable insurance companies to offer specialized services. The enormous rise of BaaS is beneficial to the expansion of the market. Large tech companies are embracing the BaaS as their cloud computing modules are incorporating the BaaS.
The government's attempts to support businesses in several industries are anticipated to increase demand for events and exhibits in India, one of the economies with the fastest economic growth. India's sizable consumer sector presents businesses with an unrivaled potential to operate there. In addition, one of the key catalysts for international trade and economic expansion is exhibitions. India is currently one of the world's top exhibition locations. Hence, with the growing exhibition sector, the requirement to insure such events will also surge, and with the implementation of new technologies to streamline and automate such processes joined with the need to safeguard firms from frauds, the implementation of blockchain in the insurance sector will surge driving the market growth in the region.
The China market dominated the Asia Pacific Blockchain in Insurance Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $967.2 Million by 2029. The Japan market is experiencing a CAGR of 52.2% during (2023 - 2029). Additionally, The India market would display a CAGR of 54% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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 Asia Pacific Blockchain in Insurance Market, by Enterprise Size
- 1.4.2 Asia Pacific Blockchain in Insurance Market, by Component
- 1.4.3 Asia Pacific Blockchain in Insurance Market, by Application
- 1.4.4 Asia Pacific 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. Asia Pacific Blockchain in Insurance Market by Enterprise Size
- 3.1 Asia Pacific Large Enterprises Market by Country
- 3.2 Asia Pacific Small & Medium-sized Enterprises Market by Country
Chapter 4. Asia Pacific Blockchain in Insurance Market by Component
- 4.1 Asia Pacific Solution Market by Country
- 4.2 Asia Pacific Services Market by Country
Chapter 5. Asia Pacific Blockchain in Insurance Market by Application
- 5.1 Asia Pacific Identity Management & Fraud Detection Market by Country
- 5.2 Asia Pacific Claims Management Market by Country
- 5.3 Asia Pacific Payments Market by Country
- 5.4 Asia Pacific GRC Management Market by Country
- 5.5 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Blockchain in Insurance Market by Country
- 6.1 China Blockchain in Insurance Market
- 6.1.1 China Blockchain in Insurance Market by Enterprise Size
- 6.1.2 China Blockchain in Insurance Market by Component
- 6.1.3 China Blockchain in Insurance Market by Application
- 6.2 Japan Blockchain in Insurance Market
- 6.2.1 Japan Blockchain in Insurance Market by Enterprise Size
- 6.2.2 Japan Blockchain in Insurance Market by Component
- 6.2.3 Japan Blockchain in Insurance Market by Application
- 6.3 India Blockchain in Insurance Market
- 6.3.1 India Blockchain in Insurance Market by Enterprise Size
- 6.3.2 India Blockchain in Insurance Market by Component
- 6.3.3 India Blockchain in Insurance Market by Application
- 6.4 South Korea Blockchain in Insurance Market
- 6.4.1 South Korea Blockchain in Insurance Market by Enterprise Size
- 6.4.2 South Korea Blockchain in Insurance Market by Component
- 6.4.3 South Korea Blockchain in Insurance Market by Application
- 6.5 Singapore Blockchain in Insurance Market
- 6.5.1 Singapore Blockchain in Insurance Market by Enterprise Size
- 6.5.2 Singapore Blockchain in Insurance Market by Component
- 6.5.3 Singapore Blockchain in Insurance Market by Application
- 6.6 Malaysia Blockchain in Insurance Market
- 6.6.1 Malaysia Blockchain in Insurance Market by Enterprise Size
- 6.6.2 Malaysia Blockchain in Insurance Market by Component
- 6.6.3 Malaysia Blockchain in Insurance Market by Application
- 6.7 Rest of Asia Pacific Blockchain in Insurance Market
- 6.7.1 Rest of Asia Pacific Blockchain in Insurance Market by Enterprise Size
- 6.7.2 Rest of Asia Pacific Blockchain in Insurance Market by Component
- 6.7.3 Rest of Asia Pacific 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 Asia Pacific Blockchain in Insurance Market, 2019 - 2022, USD Million
- TABLE 2 Asia Pacific Blockchain in Insurance Market, 2023 - 2029, USD Million
- TABLE 3 Asia Pacific Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 4 Asia Pacific Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
- TABLE 5 Asia Pacific Large Enterprises Market by Country, 2019 - 2022, USD Million
- TABLE 6 Asia Pacific Large Enterprises Market by Country, 2023 - 2029, USD Million
- TABLE 7 Asia Pacific Small & Medium-sized Enterprises Market by Country, 2019 - 2022, USD Million
- TABLE 8 Asia Pacific Small & Medium-sized Enterprises Market by Country, 2023 - 2029, USD Million
- TABLE 9 Asia Pacific Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
- TABLE 10 Asia Pacific Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
- TABLE 11 Asia Pacific Solution Market by Country, 2019 - 2022, USD Million
- TABLE 12 Asia Pacific Solution Market by Country, 2023 - 2029, USD Million
- TABLE 13 Asia Pacific Services Market by Country, 2019 - 2022, USD Million
- TABLE 14 Asia Pacific Services Market by Country, 2023 - 2029, USD Million
- TABLE 15 Asia Pacific Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
- TABLE 16 Asia Pacific Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
- TABLE 17 Asia Pacific Identity Management & Fraud Detection Market by Country, 2019 - 2022, USD Million
- TABLE 18 Asia Pacific Identity Management & Fraud Detection Market by Country, 2023 - 2029, USD Million
- TABLE 19 Asia Pacific Claims Management Market by Country, 2019 - 2022, USD Million
- TABLE 20 Asia Pacific Claims Management Market by Country, 2023 - 2029, USD Million
- TABLE 21 Asia Pacific Payments Market by Country, 2019 - 2022, USD Million
- TABLE 22 Asia Pacific Payments Market by Country, 2023 - 2029, USD Million
- TABLE 23 Asia Pacific GRC Management Market by Country, 2019 - 2022, USD Million
- TABLE 24 Asia Pacific GRC Management Market by Country, 2023 - 2029, USD Million
- TABLE 25 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
- TABLE 26 Asia Pacific Others Market by Country, 2023 - 2029, USD Million
- TABLE 27 Asia Pacific Blockchain in Insurance Market by Country, 2019 - 2022, USD Million
- TABLE 28 Asia Pacific Blockchain in Insurance Market by Country, 2023 - 2029, USD Million
- TABLE 29 China Blockchain in Insurance Market, 2019 - 2022, USD Million
- TABLE 30 China Blockchain in Insurance Market, 2023 - 2029, USD Million
- TABLE 31 China Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 32 China Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
- TABLE 33 China Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
- TABLE 34 China Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
- TABLE 35 China Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
- TABLE 36 China Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
- TABLE 37 Japan Blockchain in Insurance Market, 2019 - 2022, USD Million
- TABLE 38 Japan Blockchain in Insurance Market, 2023 - 2029, USD Million
- TABLE 39 Japan Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 40 Japan Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
- TABLE 41 Japan Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
- TABLE 42 Japan Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
- TABLE 43 Japan Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
- TABLE 44 Japan Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
- TABLE 45 India Blockchain in Insurance Market, 2019 - 2022, USD Million
- TABLE 46 India Blockchain in Insurance Market, 2023 - 2029, USD Million
- TABLE 47 India Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 48 India Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
- TABLE 49 India Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
- TABLE 50 India Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
- TABLE 51 India Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
- TABLE 52 India Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
- TABLE 53 South Korea Blockchain in Insurance Market, 2019 - 2022, USD Million
- TABLE 54 South Korea Blockchain in Insurance Market, 2023 - 2029, USD Million
- TABLE 55 South Korea Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 56 South Korea Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
- TABLE 57 South Korea Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
- TABLE 58 South Korea Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
- TABLE 59 South Korea Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
- TABLE 60 South Korea Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
- TABLE 61 Singapore Blockchain in Insurance Market, 2019 - 2022, USD Million
- TABLE 62 Singapore Blockchain in Insurance Market, 2023 - 2029, USD Million
- TABLE 63 Singapore Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 64 Singapore Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
- TABLE 65 Singapore Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
- TABLE 66 Singapore Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
- TABLE 67 Singapore Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
- TABLE 68 Singapore Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
- TABLE 69 Malaysia Blockchain in Insurance Market, 2019 - 2022, USD Million
- TABLE 70 Malaysia Blockchain in Insurance Market, 2023 - 2029, USD Million
- TABLE 71 Malaysia Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 72 Malaysia Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
- TABLE 73 Malaysia Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
- TABLE 74 Malaysia Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
- TABLE 75 Malaysia Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
- TABLE 76 Malaysia Blockchain in Insurance Market by Application, 2023 - 2029, USD Million
- TABLE 77 Rest of Asia Pacific Blockchain in Insurance Market, 2019 - 2022, USD Million
- TABLE 78 Rest of Asia Pacific Blockchain in Insurance Market, 2023 - 2029, USD Million
- TABLE 79 Rest of Asia Pacific Blockchain in Insurance Market by Enterprise Size, 2019 - 2022, USD Million
- TABLE 80 Rest of Asia Pacific Blockchain in Insurance Market by Enterprise Size, 2023 - 2029, USD Million
- TABLE 81 Rest of Asia Pacific Blockchain in Insurance Market by Component, 2019 - 2022, USD Million
- TABLE 82 Rest of Asia Pacific Blockchain in Insurance Market by Component, 2023 - 2029, USD Million
- TABLE 83 Rest of Asia Pacific Blockchain in Insurance Market by Application, 2019 - 2022, USD Million
- TABLE 84 Rest of Asia Pacific 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
