Final Report will add the analysis of the impact of COVID-19 on this industry.
The report titled Blockchain in Manufacturing Market has recently added by MarketIntelligenceData to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.
The blockchain in the manufacturing market is expected to register a CAGR of approximately 78% over the forecast period.
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Top Companies operating in the Global Blockchain in Manufacturing market profiled in the report:– IBM Corporation, Intel Corporation, Microsoft Corporation, Amazon Web Services, Inc., Wipro Limited, Oracle Corporation, Advanced Micro Devices, Inc., Factom, XAIN AG, Blockchain Foundry, Inc.
Scope of the Report
Blockchain technology is a digitalized public ledger, which was initially used only for cryptocurrency transactions. The blockchain is now used in various sectors of the manufacturing industry, such as automotive, aerospace & defense, pharmaceutical, consumer electronics, textile, food & beverages, etc. Multiple processes, such as transactions, transportation, and stock management, are noted and organized sequentially without maintaining any records or files.
Key Market Trends
Logistics and Supply Chain Management Expected to Account for the Largest Market Share
– The logistics and supply chain forms an integral part of the manufacturing industry. Hence a highly efficient system will ensure that the manufacturing processes run seamlessly. The manufacturing businesses can leverage the blockchain technology by combining IoT and blockchain technology to streamline their supply chains, increase authenticity, transparency, compliance to product and contractual requirements while reducing counterfeiting.
– For instance, in 2017, two companies, IBM and Maersk, tested the application of blockchain in logistics. The experiment depicted how blockchain can be used to track on-transit containers. With blockchain, the supply chain stakeholders benefit from accessing relevant, actionable information. Traceability and transparency are some of the most important foundations of logistics. Further, blockchain can optimize business transactions and trading relationships with robustly secure, global business networks.
Market Segment by Applications, covers:
Aerospace & Defense
Regional Analysis For Blockchain in Manufacturing Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Influence of the Blockchain in Manufacturing Market Report:
-Comprehensive assessment of all opportunities and risk in the Blockchain in Manufacturing market.
-Blockchain in Manufacturing market recent innovations and major events.
-Detailed study of business strategies for growth of the Blockchain in Manufacturing market-leading players.
-Conclusive study about the growth plot of Blockchain in Manufacturing market for forthcoming years.
-In-depth understanding of Blockchain in Manufacturing market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Blockchain in Manufacturing market.
Blockchain in Manufacturing Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both Top-down and bottom-up approaches have been used to estimate and validate the market size of Blockchain in Manufacturing Market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
MarketIntelligenceData provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketIntelligenceData provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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