Blockchain in the global manufacturing market is estimated to grow at a 74% rate
Blockchain In Manufacturing Market Report 2022 – Market Size, Trends and Global Forecast 2022-2026
Business Research Company’s Blockchain In Manufacturing Global Market Report 2022 – Market Size, Trends and Global Forecast 2022-2026
LONDON, GREATER LONDON, United Kingdom, Aug. 22, 2022 /EINPresswire.com/ — According to The Business Research Company’s “Blockchain in Manufacturing Global Market Report 2022,” the blockchain in manufacturing market is expected to grow from $49.50 million in 2021 to $85 .64 million in 2022 with a compound annual growth rate (CAGR) of 73%. The change in the blockchain in the manufacturing market growth trend is mainly due to the companies stabilizing their production after meeting the demand that grew exponentially during the COVID-19 pandemic in 2020. The blockchain in the manufacturing market is expected to reach USD 778.05 million in 2026 with a CAGR of 73.6 %. Increased demand for the blockchain from end-use industries worldwide is driving the growth of the blockchain market.
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Important trends in the blockchain in the manufacturing market
Technological advances are shaping the blockchain in the manufacturing market. Technologies such as artificial intelligence and IoT help with the automation of production processes that save time and costs in the process.
Overview of the blockchain in the production market
The blockchain in manufacturing market consists of the sale of blockchain in manufacturing services from entities (organizations, sole traders and partnerships) engaged in providing digitally transformed manufacturing processes using a variety of systems and applications. Blockchain technology helps the manufacturing industry by making the supply chain more secure and processes more transparent.
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Blockchain in Manufacturing Global Market Report 2022 from TBRC covers the following information:
Market size data
• Forecast period: Historical and future
• By region: Asia Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• By Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Market segmentation
• By application: Logistics and supply chain management, counterfeiting, quality control and compliance, other
• By end use: energy and power, industry, automotive industry, pharmaceuticals, aerospace and defence, food and drink, textile and clothing, others
• By Geography: The global blockchain in manufacturing market is segmented into North America, South America, Asia Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the largest share in the market.
Major market players such as Advanced Micro Devices Inc, Amazon Web Services Inc., Blockchain Foundry Inc., CargoX, Chronicled, Xayn AG, Factom Inc., IBM Corporation, Intel Corporation, Microsoft Corporation, Nvidia Corporation, Oracle Corporation, Riddle&Code GmbH, Wipro Limited , Everledger Ltd., Accenture PLC, BigchainDB GmbH, ChromaWay AB and LO3 Energy.
Trends, opportunities, strategies and much more.
Blockchain in Manufacturing Global Market Report 2022 is one of The Business Research Company’s comprehensive reports that provides an overview of blockchain in the global manufacturing market. The market report analyzes blockchain in manufacturing global market size, blockchain in manufacturing global market growth drivers, blockchain in manufacturing global market shares, blockchain in manufacturing global market segmentation, blockchain in manufacturing global market largest players, blockchain in manufacturing global market growth across geographies, and blockchain in manufacturing by global market competitors’ revenues and market positioning. The Blockchain in Manufacturing Industry report allows you to gain insight into opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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About The Business Research Company
The Business Research Company has published over 3,000 industry reports, covering over 3,000 market segments and 60 geographies. The reports are based on 150,000 data sets, extensive secondary research and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
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