Dublin, 12 July 2022 (GLOBE NEWSWIRE) — The report “Automotive Blockchain Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.
The global automotive blockchain market reached a value of US$420.1 million in 2021. Looking ahead, the publisher expects the market to reach a value of US$2,236.3 million by 2027, posting a CAGR of 32.14% in 2021-2027. Bearing in mind the uncertainties associated with COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.
Automotive blockchain refers to a decentralized ledger used to store, track, and monitor automotive data. It is bound through cryptography, which focuses on transforming data into formats not recognized by unauthorized users to provide immediate, shared, and transparent information.
The automotive blockchain offers multiple benefits, including fast processing of warranty claims, easy-to-track transactions, improved smart contracts and car sales, tamper-proof transaction records, improved transparency, instant traceability, and expense tracking. reduced payment exchange. Apart from that, it is widely used to streamline procedures, store unique data, verify and secure vehicle mileages, and fight against fraudulent activities.
Automotive Blockchain Market Trends:
The growing number of vehicle manufacturing processes across the globe is creating a positive outlook for the market. The automotive blockchain is widely used to improve supply chain management and help original equipment manufacturers (OEMs) track automotive parts and components for their latest modifications, helping to identify counterfeit products and guarantee high quality products and services to consumers.
With this in mind, increasing investments in autonomous vehicles and mobility services, such as vehicle leasing, rental, sharing, calling and pooling, have facilitated the demand for automotive blockchain to enable rental car companies to monitor maintenance, cleaning, rental, and usage data of registered vehicles.
This, in turn, supports the growth of the market. Apart from this, various technological advancements, such as the integration of Internet of Things (IoT) and Artificial Intelligence (AI) with connected devices, to track, process, authenticate and exchange transaction systems give an impetus to market growth. Other factors including increasing emphasis on reducing data leakage and manipulation, increasing need for faster transactions, and extensive research and development (R&D) activities are expected to push the market towards growth.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of major players namely Accenture plc, BigchainDB GmbH, carVertical, ConsenSys, GemOS, HCL Technologies Limited (HCL Enterprise), International Business Machines Corporation, Microsoft Corporation, NXM Labs Inc., ShiftMobility Inc. and Tech Mahindra Limited.
Answers to key questions in this report:
- How has the global automotive blockchain market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Global Automotive Blockchain Market?
- What are the main regional markets?
- What is the market breakdown by type?
- What is the breakdown of the market by supplier?
- What is the breakdown of the market by type of mobility?
- What is the market breakdown by application?
- What is the market breakdown by end user?
- What are the different stages of the industry value chain?
- What are the key drivers and challenges in the industry?
- What is the structure of the global automotive blockchain market and who are the key players?
- How competitive is the industry?
Main topics covered:
1 Preface
2 Scope and methodology
3 Executive Summary
4 Presentation
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Blockchain Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakdown by Type
6.1 Public blockchain
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Private Blockchain
6.2.1 Market trends
6.2.2 Market Forecast
6.3 Hybrid Blockchain
6.3.1 Market trends
6.3.2 Market Forecast
7 Market Breakdown by Vendor
7.1 Application and solution
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Middleware
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Infrastructure and protocol
7.3.1 Market trends
7.3.2 Market Forecast
8 Market Breakdown by Mobility Type
8.1 Personal mobility
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Shared mobility
8.2.1 Market trends
8.2.2 Market Forecast
8.3 Commercial mobility
8.3.1 Market trends
8.3.2 Market Forecast
9 Market Breakdown by Application
9.1 Funding
9.1.1 Market trends
9.1.2 Market Forecast
9.2 Mobility solutions
9.2.1 Market trends
9.2.2 Market Forecast
9.3 Smart contract
9.3.1 Market trends
9.3.2 Market Forecast
9.4 Supply Chain
9.4.1 Market trends
9.4.2 Market Forecast
10 Market Breakdown by End User
10.1 OEM
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Vehicle Owners
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Mobility as a service provider
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakdown by Region
12 SWOT Analysis
13 Value chain analysis
14 Analysis of the five forces of carriers
15 Price Analysis
16 Competitive landscape
16.1 Market structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Accenture plc
16.3.1.1 Company Overview
16.3.1.2 Product portfolio
16.3.1.3 Finance
16.3.1.4 SWOT Analysis
16.3.2 BigchainDB GmbH
16.3.2.1 Presentation of the company
16.3.2.2 Product portfolio
16.3.3 carVertical
16.3.3.1 Company Overview
16.3.3.2 Product portfolio
16.3.4 ConsenSys
16.3.4.1 Company Overview
16.3.4.2 Product portfolio
16.3.5 GemOS
16.3.5.1 Company Overview
16.3.5.2 Product portfolio
16.3.6 HCL Technologies Limited (HCL Enterprise)
16.3.6.1 Company Overview
16.3.6.2 Product portfolio
16.3.6.3 Finance
16.3.6.4 SWOT Analysis
16.3.7 International Society of Commercial Machinery
16.3.7.1 Company Overview
16.3.7.2 Product portfolio
16.3.7.3 Finance
16.3.8 Microsoft Corporation
16.3.8.1 Company Overview
16.3.8.2 Product portfolio
16.3.8.3 Finance
16.3.8.4 SWOT Analysis
16.3.9 NXM Labs Inc.
16.3.9.1 Company Overview
16.3.9.2 Product portfolio
16.3.10 ShiftMobility Inc.
16.3.10.1 Company Overview
16.3.10.2 Product portfolio
16.3.11 Tech Mahindra Limited
16.3.11.1 Company Overview
16.3.11.2 Product portfolio
16.3.11.3 Finance
16.3.11.4 SWOT Analysis
For more information about this report visit https://www.researchandmarkets.com/r/o4pv0w
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Global automotive blockchain market