DUBLIN--(BUSINESS WIRE)--The "Automotive Blockchain Market by Application (Financing, Mobility Solutions, Smart Contract, Supply Chain), Provider (Application & Solution, Middleware, Infrastructure & Protocol), Mobility & Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The automotive blockchain market is projected to grow at a CAGR of 31.19% during the forecast period, and the market size is projected to grow from USD 0.35 billion in 2020 to USD 5.29 billion by 2030.

The automotive industry is a complex connected ecosystem with multiple transactions involved. There is a need for an immutable database to record these transactions with shared, secured, and highly restricted access. In response, many OEMs have initiated pilot projects on automotive blockchain to bring the transparency of information in the business network, which are accelerating the growth of the automotive blockchain market.

Application and solution providers are the real facets of the automotive blockchain to introduce the technology to the end consumers. The introduction of technologically advanced blockchain solutions has witnessed a certain level of adoption in the automotive applications such as car sharing, ride sharing, electric mobility, automotive title, and the supply chain management, thereby fuelling the overall market growth of the automotive blockchain.

Smart contracts allow computer programs to execute records and store them on the ledger as a part of the transaction. Smart contracts have a significant number of applications in the automotive industry such as title transfer, dealership management, and B2B contractual agreements.

Asia Oceania is projected to be the fastest growing region in the automotive blockchain market. The major factors driving the growth of the Asia Oceania market include fast-developing countries such as China and India and increasing expenditure on the development of advanced technologies.

The automotive blockchain market is dominated by leading technology players such as IBM (US), Microsoft (US), BigchainDB (Germany), Tech Mahindra (India), and carVertical (Estonia).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Automotive Blockchain Market, By Application

7 Automotive Blockchain Market, By Provider

8 Automotive Blockchain Market, By Mobility Type

9 Automotive Blockchain Market, By Region

10 Competitive Landscape

11 Company Profiles

  • Accenture
  • Bigchaindb
  • Carblock
  • Carvertical
  • Consensys
  • Context Labs
  • Cube
  • Dashride
  • Foam
  • GEM
  • HCL Technologies
  • Helbiz
  • IBM
  • Microsoft
  • NXM Labs
  • RSK Labs
  • Shiftmobility
  • Tech Mahindra
  • Xain

For more information about this report visit https://www.researchandmarkets.com/research/6z3zvt/5_bn_automotive?w=4

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