Global Blockchain in Manufacturing Market To See Unbelievable Development By 2025, Key Players –IBM Corporation, - Intel Corporation, - Microsoft Corporation

Market Insights Reports released a new study on 2021-2025 Blockchain in Manufacturing Market with 100+ data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis.

The Global Blockchain in Manufacturing Market Report provides an in-depth assessment of the given sector’s current position and central factors. The study considers the present scenario of the Blockchain in Manufacturing market and its market dynamics for the period 2021-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

The blockchain in the manufacturing market is expected to register a CAGR of approximately 78% over the forecast period.

Covid-19 Impact and Recovery Analysis:

The global Blockchain in Manufacturing market report also includes the impact of the Covid-19 pandemic. Moreover, it offers an exhaustive analysis of aspects that will encounter the development of the market pre & post Covid-19 pandemic.

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Top Key Players in the Global Blockchain in Manufacturing Market: - IBM Corporation, - Intel Corporation, - Microsoft Corporation, - Amazon Web Services, Inc., - Wipro Limited, - Oracle Corporation, - Advanced Micro Devices, Inc., - Factom, - XAIN AG, - Blockchain Foundry, Inc.

Industry Updates:

- May 2019 - Amazon Web Services (AWS), the e-commerce giants cloud computing arm, has launched its Managed Blockchain service for wider use among enterprise clients. AT&T, Nestle, and others are already using the service.
- February 2019 - Intel has launched a commercial blockchain package based on the Hyperledger ecosystem. Intel is a member of the Hyperledger collaboration which is hosted by the Linux Foundation along with IBM and other major financial institutions. The new product is designed for businesses that want to launch their own blockchain fast and effectively.

Key Market Trends

Logistics and Supply Chain Management Expected to Account for the Largest Market Share

- The logistics and supply chain forms an integral part of the manufacturing industry. Hence a highly efficient system will ensure that the manufacturing processes run seamlessly. The manufacturing businesses can leverage the blockchain technology by combining IoT and blockchain technology to streamline their supply chains, increase authenticity, transparency, compliance to product and contractual requirements while reducing counterfeiting.
- For instance, in 2017, two companies, IBM and Maersk, tested the application of blockchain in logistics. The experiment depicted how blockchain can be used to track on-transit containers. With blockchain, the supply chain stakeholders benefit from accessing relevant, actionable information. Traceability and transparency are some of the most important foundations of logistics. Further, blockchain can optimize business transactions and trading relationships with robustly secure, global business networks.
- The technology can help businesses improve supplier order accuracy, quality of the product, trace the origin, and track the journey of products across the supply chain. The results are a greater collaboration, streamlined inventory management, improved asset utilization, and more.
- Studies put that around 70% to 80% of supply chain managers worry about supply chain disruptions, particularly high in manufacturing, having an outsize reliance on materials. For instance, in between 2014 and 2017, supply chain waste and abuse fraud risk spiked from 25.2% to 35%. By introducing blockchain, intermediaries can be eliminated to streamline supply chain operations. Synchronization of transaction data across networks is also possible, which enable the participants to validate each other's work.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Significant Features and Key Highlights of the Reports:

– Detailed overview of Blockchain in Manufacturing Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Blockchain in Manufacturing Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

Key questions answered

- Who are the Leading key players and what are their Key Business plans in the Global Blockchain in Manufacturing market?
- What are the key concerns of the five forces analysis of the Global Blockchain in Manufacturing market?
- What are different prospects and threats faced by the dealers in the Global Blockchain in Manufacturing market?
- What are the strengths and weaknesses of the key vendors?

The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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