global automotive blockchain market

1
Automotive Blockchain Market to Register an
Admirable Growth
www.marketresearchfuture.com
2
Market Highlights The global automotive
blockchain market is predicted to have an
admirable growth at an impressive 21 CAGR over
the estimated years (2018-2025). Blockchain has
impacted almost every domain and vertical of the
industry and this also includes the automobile
sector. Various automotive industry operations
with the help of blockchain technology such as
servicing of vehicles, finance, selling,
marketing, distribution, production and design
will become flexible which in turn will
contribute effectively to the automotive industry
growth. Scalability, auditability and real-time
monitoring are the main factors that are favoring
blockchain technology for being used in
autonomous vehicles, cybersecurity and connected
cars. There are ample factors that is boosting
the growth of the automotive blockchain market.
These factors as stated by the Market Research
Future (MRFR) report include growing demand for
immutability and transparency in complex
automotive ecosystems, testing of blockchain use
cases in various automotive applications,
increasing emphasis on reducing data leaks or
data manipulations, decreased overall cost of
ownership and faster transactions. Report
Sample https//www.marketresearchfuture.com/sampl
e_request/7735
3
Segmentation Based on technology, the automotive
blockchain market is segmented into hybrid
blockchain, consortium blockchain, closed
blockchain and open blockchain. Based on
application, the automotive blockchain market is
segmented into mobility solutions, financing,
supply chain, smart contracts and others. Of
these, mobility solutions will have the largest
share in the market over the estimated years.
Based on provider, the automotive blockchain
market is segmented into application and solution
provider, infrastructure and protocols provider
and middleware provider. Of these, application
and solution provider will dominate the market
over the estimated years. Based on propulsion,
the automotive blockchain market is segmented
into electric vehicle and ICE. The electric
vehicle is again segmented into plug-in hybrid
electric vehicles (PHEV), hybrid electric
vehicles (HEV) and battery electric vehicle
(BEV). Browse Complete Report Details
https//www.marketresearchfuture.com/reports/autom
otive-blockchain-market-7735
4
Regional Analysis By region, the automotive
blockchain market covers growth opportunities and
latest trends across Rest of the World, Asia
Pacific, Europe and North America. Of these, the
APAC region will outweigh others in the market
over the estimated years. This is owing to
increasing use of blockchain technology in the
automotive sector for increasing trust and
transparency amid enterprises and users. Besides,
increased production as well as sales of electric
cars is predicted to drive the demand for
automotive blockchain in this region. Moreover,
the increasing use of blockchain technology
especially in ridesharing applications in India
and China will augment the growth of the market.
The automotive blockchain market in North America
is predicted to develop at a significant rate
over the estimated years owing to increasing
deployment of blockchain technology in commercial
vehicles in Canada and the US.
5
Scope of the ReportThis study provides an
overview of the global automotive
blockchain market, tracking four market segments
across four geographic regions. The report
studies key players, providing a five-year annual
trend analysis that highlights market size,
volume, and share for North America, Europe,
Asia-Pacific, and the Rest of the World. The
report also provides a forecast, focusing on the
market opportunities for the next five years for
each region. The scope of the study segments the
global automotive blockchain market by technology
type, application, provider, propulsion, vehicle
type, and region.
6
Key players Leading players profiled in the
automotive blockchain market include XAIN
(Germany), HCL Technologies (India), Tech
Mahindra (India), RSK Labs (Argentina),
ShiftMobility (US), Helbiz (US), carVertical
(Estonia), BigchainDB GmbH (Germany), Microsoft
Corporation (US), and IBM Corporation (US).
7
Industry Growth May 2019- Vinturas will soon
launch a blockchain-based digital platform for
offering automotive end-to-end supply chain
visibility. This move will help in addressing
various cross-border process problems namely lack
of transparency and artificially altered mileage
via digitalizing every supply chain facet right
from the factory up to the dealer. The company
has also partnered with IBM and Grant Thornton,
the former for their blockchain technology and
the latter for blockchain expertise, advisory,
legal, and auditing.
8
Contact Market Research Future Office No. 528,
Amanora Chambers Magarpatta Road, Hadapsar, Pune
- 411028 Maharashtra, India 1 646 845
9312 Email sales_at_marketresearchfuture.com