Market Overview:
Market Research Future (MRFR) in the new report on the “Global
Automotive Blockchain Market 2020”, states determiners and restrains on the
market. A detailed study on the influence of COVID 19 outbreak on the automotive
blockchain is elaborated in the report. As per MRFR data, the global automotive blockchain market is
anticipated to thrive at 21% across the analysis period.
The companies are actively updating their systems for the safety of customer’s data and decrease the data breach activities. The automotive blockchain is a step further in this direction as the cloud storage, and Internet of Things (IoT) are rising. This method is also helpful in affective data storage and management. The data is stored in the blockchain, which includes multiple authentications at many stages that help is saving the data from surprize data breach acts. As the demands and usage of advanced technologies are increasing, the companies are regularly developing the systems to meet the increasing demands for automotive blockchain systems.
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).
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Market Breakdown:
The global automotive blockchain market is segmented into
several categories mentioned below:
·
The global automotive blockchain market is segmented
into a closed blockchain, open blockchain, hybrid blockchain, and others based
on technology.
·
The global automotive blockchain market is
characterized by application & solution providers, middleware providers,
and others based on service providers.
·
The market is divided among commercial and personal
vehicle segments based on vehicle categories.
·
The global automotive blockchain market is segmented
into contractors, financing, and others based on applications.
Regional Classification:
The global automotive blockchain market has gained global
adoption worldwide due to the demands for data security, faster transaction
procedures, and accuracy in the data storage & management. The Asia
Pacific, North America, Europe, and the rest of the world are the major regions
observed for the global automotive blockchain market. The Asia Pacific region
is leading the market due to developing and expanding the transportation
industry, demanding better alternates, growing government initiatives, a rise
in disposable incomes, vast data production growing awareness, and other factors.
The European and Asia Pacific region follows this market in that order due to
well-established automotive sectors and demands for advanced technologies.
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TABLE OF CONTENTS:
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Market Factor Analysis
- Automotive blockchain Market, By Segments
- Competitive Analysis
More…
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