NORTH AMERICA AUTOMOTIVE BLOCKCHAIN MARKET FORECAST 2019-2027

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NORTH AMERICA AUTOMOTIVE BLOCKCHAIN MARKET FORECAST 2019-2027

A blockchain technology is a growing list of records, called blocks, where each of them contains a cryptographic hash of the previous block, a timestamp and transaction data to connect with each and other. This particular technology has the potential to bolster the imminent technological transformation and place the automotive shareholders at a position from where they can adapt to this paradigm shift. The North American market for the automotive blockchain is expected to grow with 44.31% CAGR during the forecast period 2019-2027.

NORTH AUTOMOTIVE BLOCKCHAIN MARKET FORECAST 2019-2027

North America Automotive Blockchain Market by Blockchain Type (Public, Private, Hybrid) by Application (Manufacturing, Supply Chain, Safety & Security, Finance, Payment & Insurance Services, Other Applications) & by Geography.

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A blockchain technology is a growing list of records, called blocks, where each of them contains a cryptographic hash of the previous block, a timestamp and transaction data to connect with each and other. This particular technology has the potential to bolster the imminent technological transformation and place the automotive shareholders at a position from where they can adapt to this paradigm shift. The North American market for the automotive blockchain is expected to grow with 44.31% CAGR during the forecast period 2019-2027. The major countries from the North American region that are considered for this study are the United States and Canada.

The primary factors that are responsible for this market’s advancement are the elimination of costs associated with third-party payments and helps find a resolution for conflicts & internal inefficiencies. Also, there is a massive reduction in extra costs due to the consequential reduction in the third party associated capital and liquidity, upon blockchain application in the capital market. Despite all these advantages, the compliance and regulatory issues pose a restraint to the market growth since the distinction is yet to be made between financial applications of the technology such as payments and non-financial applications and its respective record keeping, identity and authentication, etc. for the blockchain technology’s uptake. This is due to the technology being still in its nascent phase and lacks standardization by networking infrastructure.

There are many stakeholders for the automotive blockchain market who are investing and strategizing to gain an edge over the others. Some of them are Oaken Innovations, Xain AG, International Business Machines Corporation (IBM CORP.), BigchainDB GmBH, ConsenSys, Context Labs BV, Factom Inc., Mesosphere Inc., Project Provenance Ltd., Reply SpA, Ripple Labs Inc., Microsoft Corporation, Infosys and Wipro Limited.

 

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  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • NEW DEVELOPMENTS & INCREASING ADOPTION OF IOT IN BLOCKCHAIN TECHNOLOGY
      • ESCALATION OF BLOCKCHAIN AS A SERVICE
  1. MARKET DYNAMICS
    • ETYMOLOGY OF AUTOMOTIVE BLOCKCHAIN
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • DEMAND FOR BLOCKCHAIN TECHNOLOGY IS RISING AMONGST AUTOMOTIVE INDUSTRY
      • ELIMINATION OF COSTS ASSOCIATED WITH THE THIRD-PARTY PAYMENTS & REDUCTION IN EXTRA COSTS
      • BLOCKCHAIN TECHNOLOGY IS MORE SECURED & CYBER ATTACKS MAY BE EASILY PREVENTED
    • MARKET RESTRAINTS
      • COMPLIANCE AND REGULATORY ISSUES ASSOCIATED WITH BLOCKCHAIN TECHNOLOGY
      • AMOUNT OF ENERGY CONSUMPTIONS RELATED TO THE BLOCKCHAIN TECHNOLOGY
    • MARKET OPPORTUNITIES
      • FINANCIAL INSTITUTIONS ARE INFUSING FUNDS TO IMPROVE BLOCKCHAIN TECHNOLOGY
      • INCREASE IN NUMBER OF AUTOMOTIVE BLOCKCHAIN CONSORTIUMS AND ASSOCIATIONS
    • MARKET CHALLENGES
      • LACK OF AWARENESS ABOUT BLOCKCHAIN TECHNOLOGY IN THE MARKET
      • LACK OF SKILLED PROFESSIONALS
      • LACK OF STORAGE CAPABILITY
  1. MARKET BY BLOCKCHAIN TYPE
    • PUBLIC
    • PRIVATE
    • HYBRID
  2. MARKET BY APPLICATION
    • MANUFACTURING
    • SUPPLY CHAIN
    • SAFETY & SECURITY
    • FINANCE, PAYMENT & INSURANCE SERVICES
    • OTHER APPLICATIONS
  3. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  4. NORTH AMERICA
    • UNITED STATES
    • CANADA
  5. COMPETITIVE LANDSCAPE
    • INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM CORP.)
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
      • SCOT ANALYSIS
    • BIGCHAINDB GMBH
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
      • SCOT ANALYSIS
    • CONSENSYS
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
      • SCOT ANALYSIS
    • CONTEXT LABS BV
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
      • SCOT ANALYSIS
    • FACTOM INC.
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
      • SCOT ANALYSIS
    • MESOSPHERE INC.
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
      • SCOT ANALYSIS
    • OAKEN INNOVATIONS
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
      • SCOT ANALYSIS
    • PROJECT PROVENANCE Ltd
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
      • SCOT ANALYSIS
    • REPLY SPA
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
      • SCOT ANALYSIS
    • RIPPLE LABS INC.
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
      • SCOT ANALYSIS
    • XAIN AG
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
      • SCOT ANALYSIS
    • MICROSOFT CORPORATION
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
      • SCOT ANALYSIS
    • INFOSYS
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
      • SCOT ANALYSIS
    • WIPRO LIMITED
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
      • SCOT ANALYSIS

TABLE LIST

TABLE 1. NORTH AMERICA AUTOMOTIVE BLOCKCHAIN MARKET, BY COUNTRY, 2019-2027 (IN $ BILLION)

TABLE 2. NORTH AMERICA AUTOMOTIVE BLOCKCHAIN MARKET, BY BLOCKCHAIN TYPE, 2019-2027, (IN $ BILLION)

TABLE 3. NORTH AMERICA AUTOMOTIVE BLOCKCHAIN MARKET, BY APPLICATION, 2019-2027, (IN $ BILLION)

TABLE 4. OPPORTUNITY MATRIX

TABLE 5. VENDOR LANDSCAPE

TABLE 6. NORTH AMERICA AUTOMOTIVE BLOCKCHAIN MARKET, BY COUNTRY, 2019-2027, (IN $ BILLION)

FIGURE LIST

FIGURE 1. NORTH AMERICA AUTOMOTIVE BLOCKCHAIN MARKET, BY PUBLIC, 2019-2027 (IN $ BILLION)

FIGURE 2. NORTH AMERICA AUTOMOTIVE BLOCKCHAIN MARKET, BY PRIVATE, 2019-2027 (IN $ BILLION)

FIGURE 3. NORTH AMERICA AUTOMOTIVE BLOCKCHAIN MARKET, BY HYBRID, 2019-2027 (IN $ BILLION)

FIGURE 4. NORTH AMERICA AUTOMOTIVE BLOCKCHAIN MARKET, BY MANUFACTURING, 2019-2027 (IN $ BILLION)

FIGURE 5. NORTH AMERICA AUTOMOTIVE BLOCKCHAIN MARKET, BY SUPPLY CHAIN, 2019-2027 (IN $ BILLION)

FIGURE 6. NORTH AMERICA AUTOMOTIVE BLOCKCHAIN MARKET, BY SAFETY & SECURITY, 2019-2027 (IN $ BILLION)

FIGURE 7. NORTH AMERICA AUTOMOTIVE BLOCKCHAIN MARKET, BY FINANCE, PAYMENT & INSURANCE SERVICES, 2019-2027 (IN $ BILLION)

FIGURE 8. NORTH AMERICA AUTOMOTIVE BLOCKCHAIN MARKET, BY OTHER APPLICATIONS, 2019-2027 (IN $ BILLION)

FIGURE 9. NORTH AMERICA AUTOMOTIVE BLOCKCHAIN MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 10. UNITED STATES AUTOMOTIVE BLOCKCHAIN MARKET, 2019-2027 (IN $ BILLION)

FIGURE 11. CANADA AUTOMOTIVE BLOCKCHAIN MARKET, 2019-2027 (IN $ BILLION)

  1. NORTH AMERICA
    • UNITED STATES
    • CANADA
  2. MARKET BY BLOCKCHAIN TYPE
    • PUBLIC
    • PRIVATE
    • HYBRID
  3. MARKET BY APPLICATION
    • MANUFACTURING
    • SUPPLY CHAIN
    • SAFETY & SECURITY
    • FINANCE, PAYMENT & INSURANCE SERVICES
    • OTHER APPLICATIONS

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