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Huge Investment in Various Manufacturing Sectors is Driving Blockchain in Manufacturing Market

Newsroom by Newsroom
August 3, 2022
Huge Investment in Various Manufacturing Sectors is Driving Blockchain in Manufacturing Market
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(EMAILWIRE.COM, August 03, 2022 ) Meticulous Research® – leading global market research company published a research report titled “Blockchain in Manufacturing Market by Providers (Middleware Providers, Infrastructure and Protocols Providers, Application & Solution Providers), by Application (Predictive Maintenance, Business Process Optimization, Logistics and Supply Chain Management, Counterfeit Management), End-User (Automotive, Healthcare, Energy & Power, Industrial, Pharmaceuticals), and Region – Global Forecast to 2025’’.

Blockchain is a distributed chain of blocks that traces transaction and assets. It is an information which is encrypted, time-stamped, and not removable which is openly shared on a ledger by many thousands of computers at the same time. Incorporation of blockchain technology in manufacturing sector can assist in installing trust in global supply chains, reducing production expenses, and improving efficiency. Manufacturing companies are rapidly transforming their processes into digital versions and are incorporating several associated systems and applications. However, huge investment was also made by these companies in order to enhance their customer experience. In 2018, Tesla, Inc. announced to invest $5 billion in its Chinese factory. Likewise, Samsung Electronics Co., Ltd., in 2018, announced the construction of its $7 billion semiconductor line in China. Thus, rising investment in manufacturing sector is expected to boost the blockchain in manufacturing market significantly in the next few years.

Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5016

The blockchain in manufacturing market study presents historical market data in terms of value (2017 and 2018), estimated current data (2019), and forecasts for 2025 – by application and end-user. The study includes diverse industry competitors and analyzes the market at regional as well as country level.

Key Findings in the Global Blockchain in Manufacturing Market Study:

Energy and Power Dominated the Global Blockchain in Manufacturing Market in 2018, by End-User

Based on end-user, the global blockchain in manufacturing market is segmented into automotive, healthcare, aerospace and defense, textile and clothing, energy and power, food and beverages, pharmaceuticals, industrial, and others. Energy and power dominated the global blockchain in manufacturing market in 2018, mainly due to the rising global energy demand, which encourages companies operating in the energy and power industry to adopt blockchain solutions.

Logistics and Supply Chain Management Segment to Register Highest Growth

Based on Application, the global blockchain in manufacturing market is segmented into predictive maintenance, asset tracking and management, business process optimization, logistics and supply chain management, quality control and compliance, and counterfeit management. The logistics and supply chain management segment is expected to register highest CAGR during the forecast period.

You Can Buy Report Here: https://www.meticulousresearch.com/Checkout/77084266

Asia-Pacific: The Fastest Growing Regional Market

North America commanded the largest share of the global blockchain in manufacturing market in 2018, followed by Asia-Pacific, Europe, Latin America, and Middle East & Africa. This is due to the early adoption of trending technologies, such as IoT, DevOps, big data, and mobility. The manufacturers are keen to integrate blockchain technologies into their processes. However, Asia-Pacific is the fastest growing regional market due to rising investment in manufacturing sector.

Key Players in the Blockchain in Manufacturing Market

The report includes an extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 4 years (2016-2019). For instance, in October 2018, Infineon Technologies collaborated with Xain AG for the implementation of blockchain technology for the automotive sector.

The major players operating in the global blockchain in manufacturing market are Advanced Micro Devices, Inc. (U.S.), Amazon.Com, Inc. (U.S.), Bigchaindb GmbH (Germany), Blockchain Foundry Inc. (Canada), Chronicled, Inc. (U.S.), Factom, Inc. (U.S.), Grid Singularity GmbH (Germany), IBM Corporation (U.S.), Intel Corporation (U.S.), LO3 Energy, Inc. (U.S.), Microsoft Corporation (U.S.), NVIDIA Corporation (U.S.), Oracle Corporation (U.S.), Riddle&Code GmbH (Austria), ShipChain Inc. (U.S.), Wipro Limited (India), and XAIN AG. (Germany).

Speak with Our Analyst:https://www.meticulousresearch.com/speak-to-analyst/cp_id=5016

Blockchain in Manufacturing Market Segmentation:

Blockchain in Manufacturing Segmentation by Providers

Middleware Providers

Infrastructure & Protocols Providers

Applications & Solution Providers

Blockchain in Manufacturing Applications

Predictive Maintenance

Asset Tracking and Management

Business Process Optimization

Logistics and Supply Chain Management

Quality Control and Compliance

Counterfeit Management

Real-Time Workforce Tracking and Management

Blockchain in Manufacturing End-Users

Automotive

Healthcare

Aerospace and Defense

Textile and Clothing

Energy and Power

Food and Beverages

Pharmaceuticals

Industrial

Others

Blockchain in Manufacturing Segmentation by Geography

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Italy

Spain

Rest of Europe

Asia-Pacific

China

India

Japan

South Korea

Australia

Rest of APAC

Rest of the World

Latin America

Middle East & Africa

Key Players in the Market

Advanced Micro Devices, Inc.

Com, Inc.

Bigchaindb GmbH

Blockchain Foundry Inc.

Chronicled, Inc.

Factom, Inc.

Grid Singularity GmbH

IBM Corporation

Intel Corporation

LO3 Energy, Inc.

Microsoft Corporation

NVIDIA Corporation

Oracle Corporation

Riddle&Code GmbH

ShipChain Inc.

Wipro Limited

XAIN AG

Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5016



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