Press release
Automotive Blockchain Market to Witness Growth Acceleration during 2019-2030 - Accenture, Carvertical, CarBlock, Helbiz
Automotive blockchain can be considered as a continuously expanding list of records (also called as blocks), which are linked together using cryptography. They are used to record and stores data for further processes related to automobile. This includes various processes such as smart contracts, IoT along with other processes involved in car sales, service, warranty claim processing, and other related processes. The automotive related data stored in a blockchain is authentic and cannot be hampered by the users of the system thus providing safer and securer data to its customers. Moreover, it helps the buyer and seller to avoid middlemen or third parties to involve in transactions or other processes. Automotive blockchain includes applications and solutions that are helpful for better functioning of the system. This includes a middleware acting as a bridge between the application and database for storing and retrieval of data. Various players operating across the globe have made innovations and developments in the field of automotive blockchain thereby offering variety of services to the vehicle users.Major Key Players of the Automotive Blockchain Market are:
Accenture, Carvertical, CarBlock, Helbiz, HCL Technologies, IBM, Microsoft, NXM Labs, Tech Mahindra, and Xain hold major automotive blockchain market share.
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The major players in the market are focusing toward the development and innovation of the blockchain, which further supplements the growth of the automotive blockchain market. Furthermore, increase in investments along with government initiatives in the automotive blockchain industry boost the market growth. In addition, various startups such as Xain, NXM Labs, Inc. and others have gained experience in the field of blockchain for vehicles, which increases the automotive blockchain market share in their regions.
Some of the factors such as protection against data leaks & manipulations and reduced operational cost drive the growth of the global automotive blockchain market. However, uncertainty over regulations hampers the growth of the market. Further, higher adoption for better payments, logistics & transportation, and usage-based insurance is anticipated to provide lucrative opportunities for the market expansion.
Major Applications of Automotive Blockchain Market covered are:
Financing
Mobility Solutions
Smart Contracts, and Supply Chain
Research objectives:-
- To study and analyze the global Automotive Blockchain consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the Automotive Blockchain market by identifying its various sub-segments.
- Focuses on the key global Automotive Blockchain manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Automotive Blockchain with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Automotive Blockchain Market Size
2.2 Automotive Blockchain Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Automotive Blockchain Market Size by Manufacturers
3.2 Automotive Blockchain Key Players Head office and Area Served
3.3 Key Players Automotive Blockchain Product/Solution/Service
3.4 Date of Enter into Automotive Blockchain Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Automotive Blockchain Sales by Product
4.2 Global Automotive Blockchain Revenue by Product
4.3 Automotive Blockchain Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Automotive Blockchain Breakdown Data by End User
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In the end, Automotive Blockchain industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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