The Worldwide Blockchain in Manufacturing Industry is Projected to Reach $17 Billion by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Blockchain in Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global blockchain in manufacturing market reached a value of US$ 717.6 million in 2021. Looking forward, the market is projected to reach a value of US$ 17,047.8 million by 2027, exhibiting a CAGR of 66.40% during 2022-2027.

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

Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.

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.

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 Questions Answered in This Report

• How has the global blockchain in manufacturing market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global blockchain in manufacturing market?
• What are the key regional markets?
• What is the breakup of the market based on the provider?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the End-user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global blockchain in manufacturing market and who are the key players?
• What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Blockchain in Manufacturing Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Provider

6.1 Middleware Providers

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 Infrastructure and Protocols Providers

6.2.1 Market Trends

6.2.2 Market Forecast

6.3 Applications and Solution Providers

6.3.1 Market Trends

6.3.2 Market Forecast

7 Market Breakup by Application

7.1 Logistics and Supply Chain Management

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 Counterfeit Management

7.2.1 Market Trends

7.2.2 Market Forecast

7.3 Quality Control and Compliance

7.3.1 Market Trends

7.3.2 Market Forecast

7.4 Others

7.4.1 Market Trends

7.4.2 Market Forecast

8 Market Breakup by End User

8.1 Automotive

8.1.1 Market Trends

8.1.2 Market Forecast

8.2 Aerospace and Defense

8.2.1 Market Trends

8.2.2 Market Forecast

8.3 Pharmaceutical

8.3.1 Market Trends

8.3.2 Market Forecast

8.4 Electronics and Semiconductor

8.4.1 Market Trends

8.4.2 Market Forecast

8.5 Others

8.5.1 Market Trends

8.5.2 Market Forecast

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/evx1tj