Quick Summary:
As today's business executives are acutely aware, the manufacturing industry is rapidly undergoing a transformation, driven in part by the rapid adoption of blockchain technology. The ubiquity of blockchain solutions in the manufacturing sector has created an industry growing at an unprecedented pace, making it vital to understand the scope and influencing factors of this emergent market.
This comprehensively detailed report provides a thorough analysis of the blockchain in manufacturing industry, highlighting key trends in each sub-segment and forecasting expert projections at a global, regional, and country level. The material takes into account the various providers, applications, and end-users of this market, offering a holistic view of the current landscape. In addition, the document features an examination of major players, including powerhouses like Accenture plc, Advanced Micro Devices Inc., and Amazon Web Services Inc.
This invaluable analysis will enable decision-makers to identify opportunities, understand challenges, and make data-driven decisions regarding the role of blockchain in their manufacturing operations. Undeniably, this report represents an indispensable tool for anyone aiming to thrive in the cutting-edge world of blockchain-enhanced manufacturing.
The global blockchain in manufacturing market size reached US$ 1,245 Million in 2022. Looking forward, the publisher expects the market to reach US$ 26,717 Million by 2028, exhibiting a growth rate (CAGR) of 63.6% during 2023-2028.
Blockchain is a decentralized, unchangeable ledger used to record transactions, track assets, and establish trust between two or more business entities. It provides immediate, shared, and transparent information that can be accessed by permissioned network members. It generates an unchangeable record of transactions with end-to-end encryption that prevents fraud and unauthorized activity. It can address privacy concerns efficiently as compared to traditional computer systems by anonymizing data. Presently, there is a rise in the demand for blockchain solutions in the manufacturing sector to streamline operations, gain greater visibility into the supply chain, and track assets with unprecedented precision.
2. What is the expected growth rate of the global blockchain in manufacturing market during 2023-2028?
3. What are the key factors driving the global blockchain in manufacturing market?
4. What has been the impact of COVID-19 on the global blockchain in manufacturing market?
5. What is the breakup of the global blockchain in manufacturing market based on the provider?
6. What is the breakup of the global blockchain in manufacturing market based on the application?
7. What is the breakup of the global blockchain in manufacturing market based on end user?
8. What are the key regions in the global blockchain in manufacturing market?
9. Who are the key players/companies in the global blockchain in manufacturing market?
Blockchain is a decentralized, unchangeable ledger used to record transactions, track assets, and establish trust between two or more business entities. It provides immediate, shared, and transparent information that can be accessed by permissioned network members. It generates an unchangeable record of transactions with end-to-end encryption that prevents fraud and unauthorized activity. It can address privacy concerns efficiently as compared to traditional computer systems by anonymizing data. Presently, there is a rise in the demand for blockchain solutions in the manufacturing sector to streamline operations, gain greater visibility into the supply chain, and track assets with unprecedented precision.
Blockchain in Manufacturing Market Trends:
The advent of industry 4.0, along with rapid technological advancements in the manufacturing industry, represents one of the key factors driving the market. Moreover, key market players are extensively investing in blockchain technology to produce smart home solutions, such as smart meters. This, along with the rising employment of blockchain solutions in manufacturing processes to reduce the lead time and lower production costs, is propelling the growth of the market. In addition, suppliers are integrating internet of things (IoT) sensors with blockchain to create a tamper-proof record of shipping conditions on cargo containers. This, coupled with the increasing application of blockchain technology to store and analyze data of manufacturing equipment and products, is positively influencing the market. Besides this, blockchain technology in the manufacturing sector helps trading partners make processes more transparent with the implementation of smart contracts. Additionally, the rising utilization of blockchain technology for payments and digital identities of individuals in the manufacturing sector is projected to strengthen the growth of the market in the coming years.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global blockchain in manufacturing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles 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 and Wipro Limited.Key Questions Answered in This Report
1. What was the size of the global blockchain in manufacturing market in 2022?2. What is the expected growth rate of the global blockchain in manufacturing market during 2023-2028?
3. What are the key factors driving the global blockchain in manufacturing market?
4. What has been the impact of COVID-19 on the global blockchain in manufacturing market?
5. What is the breakup of the global blockchain in manufacturing market based on the provider?
6. What is the breakup of the global blockchain in manufacturing market based on the application?
7. What is the breakup of the global blockchain in manufacturing market based on end user?
8. What are the key regions in the global blockchain in manufacturing market?
9. Who are the key players/companies in the global blockchain in manufacturing market?
Frequently Asked Questions about the Global Blockchain in Manufacturing Market
What is the estimated value of the Global Blockchain in Manufacturing Market?
What is the growth rate of the Global Blockchain in Manufacturing Market?
What is the forecasted size of the Global Blockchain in Manufacturing Market?
Who are the key companies in the Global Blockchain in Manufacturing Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1245 Million |
| Forecasted Market Value ( USD | $ 26717 Million |
| Compound Annual Growth Rate | 66.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Blockchain in Manufacturing Market
6 Market Breakup by Provider
7 Market Breakup by Application
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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
Methodology
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