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 outlook. 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 a decentralized and unchangeable ledger that is utilized to track assets, record transactions, and establish trust between two or more business entities. Blockchain in manufacturing aids users in tracking and tracing incoming parts throughout the supply chain while offering manufacturing processes with immutable quality control documents and data. As a result, it enhances the security and data management of the entire process and eliminates the function of an intermediary in order to make its market reliable and facilitates transparency.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The global market is majorly driven by rapid technological advancements in the manufacturing industry. Along with this, the increasing investments by several leading players in blockchain technology to produce smart home solutions, such as smart meters, are significantly supporting its demand on the global level. In addition to this, the rising integration of the internet of things (IoT) sensors with blockchain in order to create a tamper-proof record of shipping conditions on cargo containers is positively influencing the market. Moreover, the increasing adoption of blockchain technology for smart contracts, payments, and digital identities, coupled with the advent of industry 4.0, is creating a positive market outlook. Some of the other factors driving the market further include rapid urbanization and digitization, the increasing demand for automation across the manufacturing industry, and rapid expansion of the manufacturing sector across the globe.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Accenture plc
- 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
Breakup by End User:
- Aerospace and Defense
- Electronics and Semiconductor
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 updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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