Blockchain in Manufacturing Market Segmentation, Challenges, Development Factors and Forecast 2022-2027

The latest report published by IMARC Group, titled "Blockchain in Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on blockchain in manufacturing market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global blockchain in manufacturing market reached a value of US$ 717.6 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 17,047.8 Million by 2027, exhibiting a CAGR of 66.40% during 2022-2027.

Blockchain refers to an unchangeable and decentralized ledger utilized to track assets, record transactions, establish trust between two or more business entities, etc. It generally provides shared, immediate, and transparent information that can be accessed by permissioned network members. Blockchain generates an unchangeable record of transactions with end-to-end encryption that prevents unauthorized activity and fraud. It can address privacy concerns more efficiently than traditional computer systems by anonymizing data. Presently, blockchain solutions are extensively utilized in the manufacturing sector to gain greater visibility into the supply chain, streamline operations, track assets with unprecedented precision, etc.

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Market Trends:

The rising technological advancements and the introduction of industry 4.0 are primarily driving the blockchain in manufacturing market. Additionally, the inflating levels of industrialization and extensive investments in R&D activities by key market players are further catalyzing the market growth. Besides this, the growing need for enhancing the manufacturing supply chain to lower production costs and minimize the lead time of a complex production process is acting as another significant growth-inducing factor. Moreover, the widespread adoption of blockchain to produce smart home solutions, including smart meters, is positively influencing the global market. Apart from this, the increasing integration of the Industrial Internet of Things (IIoT) with blockchain technology that aids in storing and sharing data with partners across the supply chain is propelling the market growth. Furthermore, it also helps manufacturers in preventing fraud and delivering an impressive consumer experience, which is anticipated to fuel the blockchain in manufacturing market over the forecasted period.

Explore Full Report with Table of Contents: https://www.imarcgroup.com/blockchain-in-manufacturing-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Advanced Micro Devices Inc.
• Amazon Web Services Inc. (Amazon.com Inc.)
• Infosys Limited
• Intel Corporation
• International Business Machines Corporation
• Microsoft Corporation
• Oracle Corporation
• SAP SE
• Wipro Limited

Blockchain in Manufacturing Market Segmentation:

Our report has categorized the market based on region, provider, application and end user.

Breakup by Provider:
• Middleware Providers
• Infrastructure and Protocols Providers
• Applications and Solution Providers

Breakup by Application:
• Logistics and Supply Chain Management
• Counterfeit Management
• Quality Control and Compliance
• Others

Breakup by End User:
• Automotive
• Aerospace and Defense
• Pharmaceutical
• Electronics and Semiconductor
• Others

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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