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According to the new market research report "Blockchain in Manufacturing Market by Application (Business Process Optimization, Logistics and Supply Chain Management, Counterfeit Management), End Use (Automotive, Energy & Power, Industrial, Pharmaceuticals), and Region - Global Forecast to 2025", the blockchain in manufacturing market is expected to be worth USD 30.0 million by 2020 and USD 566.2 million by 2025, growing at a CAGR of 80.0% from 2020 to 2025. The key factors driving the growth of this market include blockchain-as-a-Service (BaaS) solutions for enterprises; simplifying business processes and affording transparency and immutability; significant increase in venture capital investments and initial coin offerings (ICO); increasing demand for real-time data analyses, enhanced visibility, and proactive maintenance; increased emphasis on energy efficiency and cost of production; convergence of operational technology (OT) and information technology (IT); AI, IoT, blockchain and the future of manufacturing industry; and increase in global blockchain-related patent filings.
Browse 36 market data Tables and 43 Figures spread through 161 Pages and in-depth TOC on "Blockchain in Manufacturing Market"
A large number of blockchain solution providers including Storj Labs Inc. (US); Cloud Technology Partners, Inc. (US); NVIDIA Corporation (US); Chronicled (US); LO3 Energy (US); Filament (US); Shipchain (US); Microsoft Corporation (US); Advanced Micro Devices, Inc. (US); International Business Machines Corporation (US); Intel Corporation (US); Oracle Corporation (US); Factom (US); Amazon.com, Inc. (US); and Blockchain Foundry Inc. (Canada)—are based in North America. This region is one of the largest contributors to the growth of the global blockchain in manufacturing market.
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- Covid Impact on Blockchain in Manufacturing Market, growth/decline in product type/use cases of Blockchain in Manufacturing Market due to cascaded impact of Covid 19 on Extended Ecosystem.
- How top 50 companies in Blockchain in Manufacturing Market are making rapid shifts in their strategies as we speak here...
- Outside-in view of top 50 companies client and client's clients shifting short-term priorities
• Speak to Our Analyst to analyze :-
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=198218761
According to the new market research report "Blockchain in Manufacturing Market by Application (Business Process Optimization, Logistics and Supply Chain Management, Counterfeit Management), End Use (Automotive, Energy & Power, Industrial, Pharmaceuticals), and Region - Global Forecast to 2025", the blockchain in manufacturing market is expected to be worth USD 30.0 million by 2020 and USD 566.2 million by 2025, growing at a CAGR of 80.0% from 2020 to 2025. The key factors driving the growth of this market include blockchain-as-a-Service (BaaS) solutions for enterprises; simplifying business processes and affording transparency and immutability; significant increase in venture capital investments and initial coin offerings (ICO); increasing demand for real-time data analyses, enhanced visibility, and proactive maintenance; increased emphasis on energy efficiency and cost of production; convergence of operational technology (OT) and information technology (IT); AI, IoT, blockchain and the future of manufacturing industry; and increase in global blockchain-related patent filings.
Browse 36 market data Tables and 43 Figures spread through 161 Pages and in-depth TOC on "Blockchain in Manufacturing Market"
A large number of blockchain solution providers including Storj Labs Inc. (US); Cloud Technology Partners, Inc. (US); NVIDIA Corporation (US); Chronicled (US); LO3 Energy (US); Filament (US); Shipchain (US); Microsoft Corporation (US); Advanced Micro Devices, Inc. (US); International Business Machines Corporation (US); Intel Corporation (US); Oracle Corporation (US); Factom (US); Amazon.com, Inc. (US); and Blockchain Foundry Inc. (Canada)—are based in North America. This region is one of the largest contributors to the growth of the global blockchain in manufacturing market.
Logistics and
supply chain management applications are expected to account for the
largest market share as well as the highest CAGR during the forecast
period. With blockchain, intermediaries can be taken out of the equation
to streamline the flow of supply chain operations; it also allows all
transaction data across networks to be synchronized, enabling
participants validate each other’s work. In 2017, IBM and Maersk tested
the application of blockchain in logistics. In a proof-of-concept, the 2
companies demonstrated how blockchain can be used to track on-transit
containers, and how supply chain stakeholders can benefit from accessing
relevant actionable information.
Energy & Power to account for largest share of blockchain in manufacturing market by 2020
Energy
& power sector is expected to account for the largest share of the
overall blockchain in manufacturing market during the forecast period.
Increasing global energy demand encourages companies operating in the
energy & power industry to adopt blockchain solutions that can help
them enhance production with minimum maintenance and reduced downtime.
LO3 Energy has developed Exergy, a permissioned data platform that
creates localized energy marketplaces for transacting energy across
existing grid infrastructure. Electron is a London-based start-up
harnessing the blockchain technology to design more efficient,
resilient, and flexible systems for the energy industry. The company
designs platforms and services that empower the industry to address
challenges and maximize the potential of new technologies such as
distributed renewable generation and storage, smart grid, and connected
devices.
North America is expected to hold largest share of blockchain in manufacturing market from 2020 to 2025
North
America is expected to hold the largest share of the global blockchain
in manufacturing market, wherein the US and Canada are expected to
witness a significant adoption of blockchain in manufacturing services.
These countries have sustainable and well-established economies, which
allow them to strongly invest in R&D activities, thereby
contributing to the development of new technologies. Due to the early
adoption of trending technologies, such as IoT, big data, DevOps, and
mobility, manufacturers are keen to integrate blockchain technologies
into their processes. The startup culture in North America is growing at
a faster pace as compared to other regions. The advent of SMEs and
increasing digitalization in manufacturing have also aided the growth of
the North American market.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
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