Dublin, Oct. 13, 2023 (GLOBE NEWSWIRE) -- The "Blockchain In Insurance - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Blockchain In Insurance Market to Reach $273.8 Billion by 2030
The global market for Blockchain In Insurance estimated at US$2.9 Billion in the year 2022, is projected to reach a revised size of US$273.8 Billion by 2030, growing at a CAGR of 76.7% over the analysis period 2022-2030.
Infrastructure & Protocols Providers, one of the segments analyzed in the report, is projected to record 73.9% CAGR and reach US$107 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Application & Solution Providers segment is readjusted to a revised 80% CAGR for the next 8-year period.
The U.S. Market is Estimated at $887.1 Million, While China is Forecast to Grow at 71.1% CAGR
The Blockchain In Insurance market in the U.S. is estimated at US$887.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$37.8 Billion by the year 2030 trailing a CAGR of 71.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 66.2% and 61.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 45.4% CAGR.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 174 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2.9 Billion |
| Forecasted Market Value (USD) by 2030 | $273.8 Billion |
| Compound Annual Growth Rate | 76.6% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Blockchain In Insurance - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
FOCUS ON SELECT PLAYERS (Total 204 Featured)
- Algorythmix
- Applied Blockchain
- Auxesis Group
- AWS
- Bitfury
- Bitpay
- Blockcypher
- BTL Group
- Cambridge Blockchain
- Chainthat Limited
For more information about this report visit https://www.researchandmarkets.com/r/wk4paa
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