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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Blockchain in Insurance Industry to 2027 - Key Market Trends and Drivers - ResearchAndMarkets.com

January 7, 2022 GMT

DUBLIN--(BUSINESS WIRE)--Jan 7, 2022--

The “Blockchain In Insurance - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Amid the COVID-19 crisis, the global market for Blockchain In Insurance estimated at US$214.1 Million in the year 2020, is projected to reach a revised size of US$13.3 Billion by 2027, growing at a CAGR of 80.3% over the analysis period 2020-2027.

Infrastructure & Protocols Providers, one of the segments analyzed in the report, is projected to record a 78.1% CAGR and reach US$5.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Application & Solution Providers segment is readjusted to a revised 83% CAGR for the next 7-year period.

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The U.S. Market is Estimated at $65.8 Million, While China is Forecast to Grow at 76.3% CAGR

The Blockchain In Insurance market in the U.S. is estimated at US$65.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2027 trailing a CAGR of 76.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 72.2% and 68.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 54.6% CAGR.

Middleware Providers Segment to Record 80.1% CAGR

In the global Middleware Providers segment, USA, Canada, Japan, China and Europe will drive the 80.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$37.6 Million in the year 2020 will reach a projected size of US$2.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.7 Billion by the year 2027.

Select Competitors (Total 32 Featured):

  • Algorythmix
  • Applied Blockchain
  • Auxesis Group
  • AWS
  • Bitfury
  • Bitpay
  • Blockcypher
  • BTL Group
  • Cambridge Blockchain
  • Chainthat Limited

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

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III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/4dxsc1

View source version on businesswire.com:https://www.businesswire.com/news/home/20220107005388/en/

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY PROFESSIONAL SERVICES INSURANCE OTHER TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2022.

PUB: 01/07/2022 11:58 AM/DISC: 01/07/2022 11:58 AM

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