The global demand for Blockchain in Manufacturing Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028.
With increasingly interconnected factories worldwide, the influence of blockchain is becoming more prevalent. The manufacturing process ranges across a network of machines, parts, products, and value chain participants, including machinery and logistics companies. Within this chain, blockchain serves to relieve the pain points and accomplish needs. It can scale transparency and trust through all stages of the industrial value chain. Blockchain solution can seamlessly aggregate all of the information and data to deliver significant value for industrial companies and unlock the full potential of other advanced technologies, such as augmented reality, IoT, and 3D printing.
Market Dynamics
The global blockchain in the manufacturing market is forecasted to experience some best growth rates during the forecast period. Blockchain adoption in manufacturing is anticipated to grow with increasing demand for real-time data analyses, and proactive maintenance. There is great potential for blockchain in manufacturing as it allows increased visibility across all stages of the process. With blockchain, manufacturers will be able to better hit delivery dates, enhance product quality, and ultimately sell more. Advancing global trade and supply chain management, growing digitalization, and a flourishing economy are foreseen to present ample market opportunities. Meanwhile, an uncertain regulatory landscape and lack of awareness about blockchain potential may restrain the market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of blockchain in manufacturing.
Market Segmentation
This section of the blockchain in manufacturing market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service.
By Application
- Predictive Maintenance
- Asset Tracking and Management
- Business Process Optimization
- Logistics and Supply Chain Management
- Real-Time Workforce Tracking and Management
- Quality Control and Compliance
- Counterfeit Management
By End Use
- Energy & Power
- Industrial
- Automotive
- Pharmaceuticals
- Aerospace & Defense
- Food & Beverages
- Textile & Clothing
- Others (Electronics, Printing, Chemicals)
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for Blockchain in Manufacturing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Blockchain in Manufacturing Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the blockchain in manufacturing market include BM Corporation, Microsoft Corporation, Intel Corporation, Amazon Web Services, Inc., Wipro Limited, NVIDIA Corporation, XAIN AG, CargoX, RIDDLE&CODE GMBH, and Chronicled. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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