Press release
Blockchain in Manufacturing Market 2022 Analysis and Advancements till 2028
The Blockchain in Manufacturing Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies."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 - Advanced Micro Devices Inc., Amazon Web Services Inc., Blockchain Foundry Inc., CargoX, Chronicled, Xayn AG, Factom Inc., IBM Corporation, Intel Corporation, Microsoft Corporation, Nvidia Corporation, Oracle Corporation, Riddle&Code GmbH, Wipro Limited, Everledger Ltd., Acc-enture PLC, BigchainDB GmbH, ChromaWay AB, LO3 Energy 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.
Regional Analysis:
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.
The Blockchain in Manufacturing Market is segmented by Type and Application as follows:
1) By Applications: Logistics and Supply Chain Management, Counterfeit Management, Quality Control and Compliance, Others
2) By End-Use: Energy And Power, Industrial, Automotive, Pharmaceuticals, Aerospace And Defense, Food And Beverages, Textile And Clothing, Others
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 - 2030)
- Market Share Analysis of Blockchain in Manufacturing Market (%),2016 - 2030
- Blockchain in Manufacturing Market Share, By Brand
- Blockchain in Manufacturing Market Share, By Company
- Blockchain in Manufacturing Market Assessment & Opportunity (Value),2016 - 2030
- 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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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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