Press release
Blockchain in Manufacturing Market Latest Innovations, Demand and Business Outlook by 2026
The Blockchain in Manufacturing Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Blockchain in Manufacturing market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Blockchain in Manufacturing market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Blockchain in Manufacturing market.The global spending on the blockchain by the manufacturing sector was valued at USD 546.53 million in 2020, and it is expected to reach a value of USD 16,243.22 million by 2026, registering a CAGR of 76.26% over the forecast period 2021 -2026.
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Top Leading Companies of Blockchain in Manufacturing Market are - IBM Corporation, Intel Corporation, Microsoft Corporation, Amazon Web Services Inc., Wipro Limited, Oracle Corporation, Factom Inc., Advanced Micro Devices Inc., SAP SE, Infosys Ltd and others.
Industry News and Updates:
- October 2019 - IBM launched a new supply chain based on its blockchain platform and open-source software from recently acquired Red Hat. It allows distributors, manufacturers, and retailers to integrate their own data and networks, as well as those of their suppliers, onto a Hyperledger-based blockchain.
- June 2019 - Oracle Corporation announced Oracle Intelligent Track and Trace for businesses using supply chain management, to fix the challenges associated with the network of trading partners. It is a pre-built application that works out-of-the-box and is powered by blockchain technology. The application helps to gain efficiencies for supply-chain management by pinpointing the transactions and goods across the supply chain.
Key Market Trends:
Electronics and Semiconductor Vertical is Expected to Account for the Largest Market Share
- Electronics and semiconductor manufacturers are facing a number of quality, logistics, and supply chain challenges in the industry. Poor quality and counterfeiting to inefficient processes and a lack of trust in production are driving the demand for advanced solutions in the sector.
- With complex manufacturing processes, the demand for parts and material integrity within the supply chain needs to be enhanced in order to reduce the lead time and lower the production cost. In each stage of electronics and semiconductor manufacturing, blockchain could be applied in a variety of use cases to expedite processes and overcome the security issues.
Asia-Pacific is Expected to Dominate the Market
- Manufacturing is one of the pillars of Asia-Pacific’s economy and is undergoing a rapid transformation. It is reported that low-end manufacturing firms are moving to Southeast Asia to cut costs, including automotive and electronics manufacturing companies. It is estimated that in the next five years, the automotive industry may expand by 6-7% annually.
- Manufacturing in China, which is one of the largest in terms of output, globally, is undergoing a rapid transformation. This large-scale transformation has aided the country in maintaining its position in the manufacturing space, globally.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Blockchain in Manufacturing Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Blockchain in Manufacturing Market (%),2016 - 2026
- Blockchain in Manufacturing Market Share, By Brand
- Blockchain in Manufacturing Market Share, By Company
- Blockchain in Manufacturing Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Blockchain in Manufacturing Market Value Analysis & Forecast
- Promising Blockchain in Manufacturing Development by Major Companies
- Detailed Blockchain in Manufacturing Portfolio of the Major Companies
- Major Deals in the Blockchain in Manufacturing Market
- Major Companies Analysis
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https://www.marketinsightsreports.com/reports/02082592616/blockchain-in-manufacturing-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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