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The global automotive blockchain market was valued at US$ 420.1 Million in 2021.
We expect the global automotive blockchain market to exhibit a CAGR of 30.60% during 2022-2027.
The escalating utilization of automotive blockchain to aid in identifying counterfeit products and
ensuring high-quality products and services to consumers, is primarily driving the global automotive
The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of automotive
blockchain process to enhance supply chain management amidst lockdown scenario by remotely
keeping track and monitoring data pertaining to automobiles.
Based on the provider, the global automotive blockchain market has been segmented into
application and solution, middleware, and infrastructure and protocol. Among these, application and
solution segment represents the largest market share.
Based on the application, the global automotive blockchain market can be bifurcated into financing,
mobility solutions, smart contract, and supply chain. Currently, supply chain accounts for the
majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle
East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global automotive blockchain market include 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.
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