Market Research Report
Europe Automotive Blockchain Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||754266|
|Published||Content info||77 Pages
Delivery time: 2-3 business days
|Europe Automotive Blockchain Market Forecast 2019-2027|
|Published: December 10, 2018||Content info: 77 Pages||
The European automotive blockchain market is aided mainly by the fact that the encryption of data and block data signatures along with prevention of data hacking enhances protection to the automobiles connected. The market growth is growing with 44.53% CAGR during the forecast period of 2019-2027, and it has been valued $xx billion in its base year of 2018 and is expected to rise to a value of $xx billion by the end of the forecast period 2027.
The market for automotive blockchain is segmented by its application, regions and blockchain technology type, of which the type segment yields the maximum of the revenue. On top of that, continuous research and development activities to support blockchain technology is also expected to increase the growth of automotive blockchain market in Europe. Various leading financial institutions in Germany and the United Kingdom are adopting blockchain technology at an early stage due to its alleged ability of the technology for relieving various paints of the automotive industry and making processes more efficient and safe. Moreover, the continuous effort by NGOs to make mobility and transportation services more efficient, affordable and eco-friendly is expected to drive the market heavily.
The major market players in the European automotive blockchain market are Project Provenance Ltd., Oaken Innovations, BigchainDB GmBH, ConsenSys, Context Labs BV, Factom Inc., Mesosphere Inc., Reply SPA, Ripple Labs Inc., Xain AG, Microsoft Corporation, Infosys, International Business Machines Corporation (IBM Corp.), and Wipro Limited.