PORTLAND, OREGAON, UNITED STATES, September 14, 2023/EINPresswire.com/ — Allied Market Research recently published a report, titled, “Automotive Blockchain Market by Application (Financing, Mobility Solutions, Smart Contracts, and Supply Chain), Provider (Application & Solution, Middleware, and Infrastructure & Protocol), and Mobility (Personal Mobility, Shared Mobility, and Commercial Mobility): Global Opportunity Analysis and Industry Forecast, 2020-2030″. According to the report, the global automotive blockchain market is expected to garner $428.6 million in 2020 and is projected to reach $5.6 billion by 2030, growing at a CAGR of 29.3% from 2020 to 2030.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/6232

The Supply Chain Segment dominated the Market

The supply chain segment is expected to contribute the largest share in 2020, accounting to nearly two-fifths of the global automotive blockchain market. The rise in use of blockchain in automobiles and increased demand for efficient means to track data regarding supply chain drives the segment. However, the financing segment is projected to register the fastest CAGR of 32.7% during the forecast period, due to the implementation of blockchain in automobiles coupled with the application in financing and rise in trend of automation.

The Application and Solution Segment to Manifest the fastest CAGR through 2030

The application and solution segment is expected to hold the largest share in 2020, accounting for nearly half of the global automotive blockchain market. The segment is expected to dominate the market throughout the forecast period. Moreover, the segment is anticipated to portray the fastest CAGR of 30.8% from 2020 to 2030. The application and solution providers provide better and efficient system, which supports the growth of blockchain in automobiles.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/automotive-blockchain-market/purchase-options

North America Ruled the Market

The global automotive blockchain industry across North America is estimated to garner the largest share in 2020, contributing to more than two-fifths of the market. Adoption of advanced technology along with the constant development in automobile industry is creating a demand for key players to invest in automotive blockchain market. However, the market across the Europe region is estimated to manifest the fastest CAGR of 32.3% during the forecast period. This is due to rise in production and sales of the vehicles and demand for advanced features in vehicles.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

Carvertical
CarBlock
Accenture
Xain
HCL Technologies
Helbiz
IBM
Microsoft
Tech Mahindra
NXM Labs

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/6232

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘 :

Based on application, the supply chain segment will generate the highest revenue in 2020.

Based on provider type, the application & solution provider and middleware segments will be the highest revenue contributor in 2020.

Based on North America region, U.S. is anticipated to exhibit the highest CAGR during the forecast period.

Based on region, North America is expected to contribute the highest automotive blockchain market revenue in 2020, followed by Europe, LAMEA, and Asia-Pacific.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Automotive Microcontroller Market : https://www.globenewswire.com/en/news-release/2020/05/21/2037100/0/en/Automotive-Microcontroller-Market-to-Reach-15-77-Billion-by-2026-Allied-Market-Research.html

Automotive Robotics Market : https://www.globenewswire.com/en/news-release/2021/02/09/2172403/0/en/Automotive-Robotics-Market-to-Reach-13-60-Billion-by-2027-Says-Allied-Market-Research.html

Automotive Interiors Market : https://www.globenewswire.com/en/news-release/2019/03/08/1750305/0/en/Global-Automotive-Interiors-Market-to-Reach-29-35-Bn-Globally-by-2025-at-4-7-CAGR-Says-Allied-Market-Research.html

David Correa
Allied Analytics LLP
+1 800-792-5285
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