Global Blockchain in Manufacturing Market Research 2024, Forecast To 2033
16 Feb, 2024
The blockchain in manufacturing market has undergone exponential growth, surging from $145.88 billion in 2023 to $252.53 billion in 2024, reflecting a compound annual growth rate (CAGR) of 73.1%. Historical growth is attributed to the need for enhanced supply chain visibility, concerns about counterfeiting, increased manufacturing process complexity, adoption of smart contracts, and the demand for improved data security. Forecasts suggest continued exponential growth to $1999.84 billion in 2028, driven by integration into industry 4.0 initiatives, emphasis on traceability and transparency, decentralized manufacturing networks, regulatory compliance, and expanding blockchain applications. Key trends include consortiums, blockchain for quality assurance, integration with IoT, tokenization in manufacturing transactions, and sustainability and ethical sourcing through blockchain.
Global Blockchain in Manufacturing Market Key Driver
Increased demand for blockchain from end-use industries globally is driving the growth of the blockchain market. Industries such as manufacturing are adopting blockchain for increased visibility, efficiency, and transparency across the entire supply chain. The implementation of real-world blockchain solutions indicates a growing trend in favor of blockchain technology, contributing to market growth.
Get A Free Sample Of The Global Blockchain in Manufacturing Market ReportGlobal Blockchain in Manufacturing Market Segments
The blockchain in manufacturing market covered in this report is segmented –
1) By Applications: Logistics and Supply Chain Management, Counterfeit Management, Quality Control and Compliance, Other Applications
2) By Component: Platform, Services
3) By End-Use: Energy And Power, Industrial, Automotive, Pharmaceuticals, Aerospace And Defense, Food And Beverages, Textile And Clothing, Other End-Users
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the blockchain in manufacturing market in 2023. The regions covered in the blockchain in manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Blockchain in Manufacturing Industry Players
Advanced Micro Devices Inc.; Amazon Web Services Inc.; Blockchain Foundry Inc.; CargoX Inc.; Chronicled Inc.; Xayn AG; Factom Inc.; International Business Machines Corporation; Intel Corporation; Microsoft Corporation; Nvidia Corporation; Oracle Corporation; Riddle&Code GmbH; Wipro Limited; Everledger Ltd.; Accenture PLC; BigchainDB GmbH; ChromaWay AB; LO3 Energy Inc.; SAP SE; Siemens AG; Baidu Inc.; Huawei Technologies Co. Ltd.; Deloitte Touche Tohmatsu Limited; HCL Technologies Ltd.; Tata Consultancy Services Limited; Capgemini SE; Infosys Limited; Chainway Information Technology Co. Ltd.; The Bitfury Group; Sphera Solutions Inc.; Provenance Ltd.
Get The Full Global Blockchain in Manufacturing Market ReportBlockchain in Manufacturing Market Overview
Blockchain is an immutable shared ledger that records online transactions, tracks assets, and builds trust in a business network.
Blockchain in Manufacturing Global Market Report 2023 provides data on the global blockchain in manufacturing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The blockchain in manufacturing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.