Blockchain In Manufacturing Market is expected to generate a revenue of USD 766.2 Million in 2030, Globally, at 80.0% CAGR: Verified Market Research®

Blockchain is a system of records that manages and tracks transactions carried out using Bitcoin and other kinds of cryptocurrency. Each part of the blockchain contains transaction data as well as a timestamp, which cannot be altered by nature. Blockchain is a distributed ledger that holds data without the need for a central authority. It can be used for a variety of purposes, including integrity management, digital currency, and foreign exchange transfer. Presently Blockchain is extensively used in the manufacturing industry for supply chain management, digital product memory, Internet of Things, Industry 4.0 applications, 3D printing, and other applications.

Jersey City, New Jersey, Sept. 07, 2022 (GLOBE NEWSWIRE) — Verified Market Research recently published a report, “Blockchain In Manufacturing Market” By Application (Asset Tracking and Management, Real-Time Workforce Tracking and Management), By Vertical (Aerospace and Defense, Energy & Power, Automotive), and By Geography. According to Verified Market Research, the Blockchain In Manufacturing Market size was worth USD 40.0 Million in 2021 and is expected to generate a revenue of USD 766.2 Million in 2030, growing at a CAGR of 80.0% during the forecast period i.e. 2022-2030.

Download PDF Brochure: http://www.verifiedmarketresearch.com/download-sample/?rid=4202

Browse in-depth TOC on “Blockchain In Manufacturing Market”

202 – Pages

126 – Tables

37 – Figures

Global Blockchain In Manufacturing Market Overview

Blockchain technology can be utilized to provide better visibility, scalability, and security when resources, goods, parts, and money are traded along the manufacturing industry supply chain. The market is expected to rise due to the growing demand from the energy and electricity sectors, as well as the industrial sector. Increasing worldwide energy demand motivates energy and power firms to explore blockchain solutions that can help them improve productivity while reducing maintenance and downtime.

The global blockchain in manufacturing market is expected to increase due to the incorruptible nature of the blockchain, as well as the expanding number of applications that use it. Raising venture capital funds and investments in various blockchain technologies are also critical to market expansion. Other notable drivers pushing the blockchain in the manufacturing sector are the increased demand for greater supply chain transaction security, lower operating costs, and the growing use of blockchain technology in retail and supply chain management.

Key Developments

• In December 2020, using the IBM Blockchain Transparent Supply (BTS) platform, IBM Research developed a solution for the textile industry. It allows customers to trace the full fabric manufacturing process, from raw material receipt to cleaning, spinning, weaving, quality control, distribution, and sales.

Key Players

The major players in the market are IBM Corporation, Intel Corporation, Microsoft Corporation, Amazon.Com, Inc., Nvidia Corporation, Advanced Micro Devices, Factom, Wipro Limited, Oracle and Xain AG and among others.

Verified Market Research has segmented the Global Blockchain In Manufacturing Market On the basis of Application, Vertical, and Geography.

• Blockchain In Manufacturing Market, By Application
  • Asset Tracking and Management
  • Real-Time Workforce Tracking and Management
  • Quality Control and Compliance
  • Predictive Maintenance
  • Logistics and Supply Chain Management
  • Business Process Optimization
  • Counterfeit Management
• Blockchain In Manufacturing Market, By Vertical
  • Aerospace and Defense
  • Energy & Power
  • Automotive
  • Pharmaceuticals
  • Food & Beverages
  • Industrial
  • Textile
• Blockchain In Manufacturing Market, by Geography
  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • ROW
    • Middle East & Africa
    • Latin America

Browse Related Reports:

Blockchain Market By Providers (Application Providers, Middleware Providers), By Application (Supply Chain Management, Exchanges, Digital Identity), By Vertical (Travel And Hospitality, Healthcare And Life Sciences), By Geography, Forecast, 2021-2028

Blockchain In Metals And Mining Market By Type (Public Blockchain, Private Blockchain), By Application (Metal Industry, Mining Industry), By Geography, Forecast, 2021-2028

Smart Contracts Market By Blockchain Platform (Bitcoin Ethereum, NXT, and Sidechains), By Technology (Ethereum, Namecoin, Ripple), By End-User (Automobile, Government, Supply Chain Management), By Geography, Forecast, 2021-2028

Blockchain In Logistics Market By Product (Public Blockchain, Private Blockchain, Others), By Application (Marketing and Advertising, Healthcare, Others) By Geography, Forecast, 2021-2028

Top 5 Blockchain Supplychain Companies managing supply chains with unique technology

Visualize Blockchain In Manufacturing Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals, and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance and use industrial techniques to collect and analyze data on more than 15,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

CONTACT: Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: http://www.verifiedmarketresearch.com/
BI Enabled Platform: http://www.verifiedmarketresearch.com/vmintelligence/
Follow Us: LinkedIn | Twitter