(I-BusinessNews.Com, May 17, 2019 ) The insurance industry witnesses various obstacles & bottlenecks in their processes; blockchain helps in providing transparency, accountability, and enhanced security for saving money & time. Blockchain or the distributed ledger technology has progressively served the financial services industry for transforming the data security. There is an increasing need for streamlining the processes and for meeting the demand by the insurance industry. This has majorly driven the blockchain in insurance market. Further, factors including rising number of fraudulent claims of insurance and increasing need for efficient & secured systems have supplemented the demand for blockchain in the insurance industry. However, lack of universal standards is impeding the growth of the market to a considerable extent. Proliferation of IoT is anticipated to create growth opportunities for the blockchain in insurance market.
To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Identity and Access Management (IAM) Security Services Market.
To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
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Some of The Major Players In Global Market:
2. Amazon Web Services
3. Applied Blockchain
4. Cambridge Blockchain
5. Digital Asset Holdings
6. Earthport PLC.
7. IBM Corporation
8. Microsoft Corporation
9. Oracle Corporation
10. SAP SE
Worldwide Blockchain in Insurance Market Analysis to 2027 is a specialized and in-depth study of the Blockchain in Insurance industry with a focus on the global market trend. Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade journals, technical white papers, paid databases etc. followed by primary research (interviews) with industry experts/KOLs to gain their insights and views on current scenarios and future scope of the market as well as validating the secondary information, further internal statistical model is used to estimate the market size and forecasts till 2027.
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