Blockchain in Insurance Market
Blockchain in Insurance Market Size and Growth
The Blockchain in Insurance market is rapidly expanding, driven by rising demand for transparency and efficiency. As of 2023, the market size is projected to reach approximately $1.4 billion, with a compound annual growth rate (CAGR) of around 50%, reflecting increasing adoption by insurers for claims processing and fraud prevention.
Companies Covered
(Covid 19 Impact Covered)
◍ Oracle
◍ IBM
◍ Accenture
◍ Swisscom Blockchain
◍ Adnovum
◍ Vakaxa
◍ Ardor
◍ BitFury
The blockchain in insurance market features key players like Oracle, IBM, Accenture, Swisscom Blockchain, Adnovum, Vakaxa, Ardor, and BitFury. These companies enhance efficiency, transparency, and fraud prevention in insurance processes. Revenue highlights include IBM's $57 billion (2022) and Accenture's $61 billion (2022), driving growth and innovation in the sector. Request Sample Report
Market Segmentation
By Application
By Product
$ 21.50 Billion
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