Blockchain in Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global blockchain in manufacturing market size reached US$ 1,245 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 26,717 Million by 2028, exhibiting a growth rate (CAGR) of 63.6% during 2023-2028.
Blockchain is a decentralized, unchangeable ledger used to record transactions, track assets, and establish trust between two or more business entities. It provides immediate, shared, and transparent information that can be accessed by permissioned network members. It generates an unchangeable record of transactions with end-to-end encryption that prevents fraud and unauthorized activity. It can address privacy concerns efficiently as compared to traditional computer systems by anonymizing data. Presently, there is a rise in the demand for blockchain solutions in the manufacturing sector to streamline operations, gain greater visibility into the supply chain, and track assets with unprecedented precision.
Blockchain in Manufacturing Market Trends:
The advent of industry 4.0, along with rapid technological advancements in the manufacturing industry, represents one of the key factors driving the market. Moreover, key market players are extensively investing in blockchain technology to produce smart home solutions, such as smart meters. This, along with the rising employment of blockchain solutions in manufacturing processes to reduce the lead time and lower production costs, is propelling the growth of the market. In addition, suppliers are integrating internet of things (IoT) sensors with blockchain to create a tamper-proof record of shipping conditions on cargo containers. This, coupled with the increasing application of blockchain technology to store and analyze data of manufacturing equipment and products, is positively influencing the market. Besides this, blockchain technology in the manufacturing sector helps trading partners make processes more transparent with the implementation of smart contracts. Additionally, the rising utilization of blockchain technology for payments and digital identities of individuals in the manufacturing sector is projected to strengthen the growth of the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global blockchain in manufacturing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on provider, application and end user.
Breakup by Provider:
Middleware Providers
Infrastructure and Protocols Providers
Applications and Solution Providers
Breakup by Application:
Logistics and Supply Chain Management
Counterfeit Management
Quality Control and Compliance
Others
Breakup by End User:
Automotive
Aerospace and Defense
Pharmaceutical
Electronics and Semiconductor
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture plc, Advanced Micro Devices Inc., Amazon Web Services Inc. (Amazon.com Inc.), Infosys Limited, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE and Wipro Limited.
Key Questions Answered in This Report
1. What was the size of the global blockchain in manufacturing market in 2022?
2. What is the expected growth rate of the global blockchain in manufacturing market during 2023-2028?
3. What are the key factors driving the global blockchain in manufacturing market?
4. What has been the impact of COVID-19 on the global blockchain in manufacturing market?
5. What is the breakup of the global blockchain in manufacturing market based on the provider?
6. What is the breakup of the global blockchain in manufacturing market based on the application?
7. What is the breakup of the global blockchain in manufacturing market based on end user?
8. What are the key regions in the global blockchain in manufacturing market?
9. Who are the key players/companies in the global blockchain in manufacturing market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Blockchain in Manufacturing Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Provider
- 6.1 Middleware Providers
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Infrastructure and Protocols Providers
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Applications and Solution Providers
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 7 Market Breakup by Application
- 7.1 Logistics and Supply Chain Management
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Counterfeit Management
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Quality Control and Compliance
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 8 Market Breakup by End User
- 8.1 Automotive
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Aerospace and Defense
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Pharmaceutical
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Electronics and Semiconductor
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
- 10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
- 11 Value Chain Analysis
- 12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Accenture plc
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Advanced Micro Devices Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Amazon Web Services Inc. (Amazon.com Inc.)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 SWOT Analysis
- 14.3.4 Infosys Limited
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Intel Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 International Business Machines Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Microsoft Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Oracle Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 SAP SE
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Wipro Limited
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
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