Global Blockchain in Manufacturing Market Outlook, Opportunities And Strategies
Learn about the global blockchain in manufacturing market through The Business Research Company, which provides information on blockchain in manufacturing market size, blockchain in manufacturing market drivers and restraints, blockchain in manufacturing market players, the COVID-19 impact on the blockchain in manufacturing market, and more.
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The global blockchain in manufacturing market size is expected to increase from $49.50 million in 2021 to $85.64 million in 2022 at a compound annual growth rate (CAGR) of 73%. The change in the blockchain in the manufacturing market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The blockchain in the manufacturing market is expected to reach $778.05 million in 2026 at a CAGR of 73.6%.
Increased demand for the blockchain from end-use industries across the globe is expected to drive innovation in blockchain in manufacturing, thus driving the market during the forecast period.
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The blockchain in the manufacturing market consists of sales of blockchain in the manufacturing services by entities (organizations, sole traders, and partnerships) that are engaged in providing digitally transformed processes of manufacturing with the help of numerous systems and applications. Blockchain technology helps the manufacturing industry by making the supply chain more secure and processes more transparent.
Global Blockchain In Manufacturing Market Segments Include:
By Application: Logistics and Supply Chain Management, Counterfeit Management, Quality Control and Compliance, Others
By End-Use: Energy and Power, Industrial, Automotive, Pharmaceuticals, Aerospace and Defence, Food and Beverages, Textile and Clothing, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the blockchain in manufacturing market in 2021.
Technological advancements are shaping the blockchain in manufacturing market. Technologies such as artificial intelligence and IoT helps in the automation of the manufacturing processes that save time and cost in the process.
TBRC’s blockchain in manufacturing market report covers:
Major Market Players: 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., Accenture PLC, BigchainDB GmbH, ChromaWay AB, and LO3 Energy.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Blockchain in Manufacturing Global Market Report 2021: Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides blockchain in manufacturing market overviews, analyses and forecasts market size, share, blockchain in manufacturing market players, blockchain in manufacturing market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s blockchain in manufacturing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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