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Automotive Blockchain Market 2020 Is Expected to Showcase Extensive Growth, Business Opportunity, Future Scope and Rising Demand By Top Companies: IBM, Microsoft, BigchainDB GmbH,...

11-24-2020 01:58 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Automotive Blockchain Market

Automotive Blockchain Market

A new market study, titled “Global Automotive Blockchain Market Size, Status and Forecast 2023” has been featured on Market Research Future. MRFR emphasizes that the global market is expected to grow significantly, securing a substantial market valuation and a healthy CAGR of 21% over the review period.

The global blockchain technology is at an early stage of its innovation and major technological operators are still experimenting and exploring its capabilities. Though blockchain has its roots and major presence in the financial sector, the automotive industry is not far behind in implementing blockchain technology for its applications. It is technologically advanced and is characterized by stringent regulations regarding cybersecurity and data theft. Therefore, there is significant potential for blockchain technology as it is expected to speed up the transformation of automobiles towards decentralization. Blockchain technology can enable easier management of trusted information, while enabling access to critical data though maintaining information security.

This 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.

Key Players:
The prominent players in the global automotive blockchain market include IBM Corporation (US), Microsoft Corporation (US), BigchainDB GmbH (Germany), carVertical (Estonia), Helbiz (US), ShiftMobility (US), RSK Labs (Argentina), Tech Mahindra (India), HCL Technologies (India), and XAIN (Germany).

Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7735

Market Segmentation:
By Technology Type
• Open Blockchain
• Closed Blockchain
• Consortium Blockchain
• Hybrid Blockchain

By Application
• Contracts
• Supply Chain
• Financing
• Mobility Solutions
• Others

By Provider
• Middleware Provider
• Infrastructure & Protocols Provider
• Application & Solution Provider

By Propulsion
• ICE Vehicle
• Electric VehicleBattery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Vehicle (PHEV)

By Vehicle Type
• Passenger Car
• Commercial Vehicle

Regional Analysis:
Asia-Pacific is expected to hold the largest market share during the forecast period, owing to growing production and sales of electric vehicles in China and Japan. Moreover, the growing development in blockchain technology across the country, leads to the growth of automotive blockchain market. For instance, in march, 2017, Chinese conglomerate, Wanxiang Group, known as the country’s biggest makers of automotive parts, launched a new startup accelerator to fund blockchain entrepreneurs.

North America automotive blockchain market is expected to grow at a significant rate during the forecast period owing to the presence of key players, such as IBM Corporation (US), Microsoft Corporation (US), and ShiftMobility (US).

Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Automotive blockchain Market Segmentation
5. Company Profiles
6. Business Overview
7. Financial Data
8. Product Landscape
9. Strategic Outlook
10. SWOT Analysis
11. Regional Automotive blockchain Market Share
12. Revenue and Sales Forecast

If you have any requirements, let know and we will customize the report according to your need.

FOR MORE DETAILS – https://www.marketresearchfuture.com/reports/automotive-blockchain-market-7735

Contact Us
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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