Dublin, 12 July 2022 (GLOBE NEWSWIRE) – The report “Blockchain for cars: Global industry trends, share, size, growth, opportunities and forecast 2022-2027” has been added ResearchAndMarkets.com sine Offering.
The global blockchain market for cars reached a value of USD 420.1 million in 2021. Looking ahead, the publisher expects the market to reach a value of USD 2,236.3 million by 2027, showing a CAGR of 32.14% during 2021 -2027. In view of the uncertainty surrounding COVID-19, we continuously track and evaluate the direct as well as the indirect impact of the pandemic. This insight is included in the report as a major market contributor.
Automotive blockchain refers to a decentralized ledger used to store, keep track and monitor data related to cars. It is interconnected using cryptography, which focuses on transforming data into formats that are not recognized by unauthorized users to provide instant, shared and transparent information.
Automotive blockchain offers several benefits, including fast processing of warranty claims, easy to track operations, improved smart contracts and car sales, tamper-proof transaction records, improved transparency, instant traceability and reduced payment exchange fees. Apart from this, it is widely used to streamline procedures, store unique data, verify and secure mileages and curb fraudulent activities.
Automotive Blockchain Market Trends:
The growing number of vehicle production processes worldwide creates positive prospects for the market. Automotive blockchain is widely used to improve supply chain management and help original equipment manufacturers (OEMs) follow up on car parts and components regarding their latest modifications, thus helping to identify counterfeit products and ensure high quality products and services to consumers.
In line with this, the increasing investment in autonomous vehicles and mobility services, such as car leasing, rental, sharing, greeting and pooling, has eased the demand for car blockchain to allow car rental companies to monitor maintenance, cleaning, rental and user data of registered vehicles.
This in turn supports market growth. Apart from this, various advances in technologies, such as the integration of the Internet of Things (IoT) and artificial intelligence (AI) with connected devices, to track, process, authenticate and exchange transaction systems provide a driving force for market growth. Other factors, including the growing focus on reducing data leaks and tampering, the growing need for faster transactions and extensive research and development (R&D) activities, are expected to drive the market further towards growth.
Challenging landscapes:
The competitive landscape in the industry has also been explored along with the profiles of key players such as 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.
Important questions answered in this report:
- How has the global blockchain market for cars performed so far, and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global car blockchain market?
- What are the main regional markets?
- What is the division of the market based on the type?
- What is the division of the market based on the supplier?
- What is the division of the market based on the type of mobility?
- What is the division of the market based on the application?
- What is the division of the market based on the end user?
- What are the different stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global blockchain market for cars and who are the key players?
- What is the degree of competition in the industry?
Key topics covered:
1 Preface
2 Scope and methodology
3 Summary
4 Introduction
4.1 Overview
4.2 Important industrial trends
5 Global Automotive Blockchain Market
5.1 Market overview
5.2 Market performance
5.3 Effects of COVID-19
5.4 Market forecast
6 Market division 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 division by supplier
7.1 Application and solution
7.1.1 Market trends
7.1.2 Market forecast
7.2 Intermediate
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 division by type of mobility
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 division by application
9.1 Financing
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 division by end user
10.1 OEMs
10.1.1 Market trends
10.1.2 Market forecast
10.2 Car 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 distribution by region
12 SWOT analysis
13 Value chain analysis
14 Porters Five Forces Analysis
15 Price analysis
16 Competitive landscape
16.1 Market structure
16.2 Key Players
16.3 Profiles for key players
16.3.1 Accenture plc
16.3.1.1 Business 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 Business overview
16.3.2.2 Product portfolio
16.3.3 carVertical
16.3.3.1 Business overview
16.3.3.2 Product portfolio
16.3.4 ConsenSys
16.3.4.1 Business overview
16.3.4.2 Product portfolio
16.3.5 GemOS
16.3.5.1 Business overview
16.3.5.2 Product portfolio
16.3.6 HCL Technologies Limited (HCL Enterprise)
16.3.6.1 Business overview
16.3.6.2 Product portfolio
16.3.6.3 Finance
16.3.6.4 SWOT analysis
16.3.7 International Business Machines Corporation
16.3.7.1 Business overview
16.3.7.2 Product portfolio
16.3.7.3 Finance
16.3.8 Microsoft Corporation
16.3.8.1 Business 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 Business overview
16.3.9.2 Product portfolio
16.3.10 ShiftMobility Inc.
16.3.10.1 Business overview
16.3.10.2 Product portfolio
16.3.11 Tech Mahindra Limited
16.3.11.1 Business overview
16.3.11.2 Product portfolio
16.3.11.3 Finance
16.3.11.4 SWOT analysis
For more information on this report visit
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Global Automotive Blockchain Market
