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Blockchain in Manufacturing Market Report


Company Analysis, History and Future Overview, Global Sales Trends by 2025


Published Date: 2019-09-20   |   Pages: Ongoing   |   Tables: Ongoing   |  Report ID: 8097 |  Industry: Miscellaneous  |   Format : pdf word ppt excel



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Industry experts are of the opinion that blockchain along with other trending technologies such as IoT and AI will be the future of the manufacturing sector. With a number of manufacturing companies expressing their need for reducing production costs and improving energy efficiency, the global blockchain in manufacturing market is predicted to witness robust growth in the coming years. Gradually increasing popularity of blockchain-as-a-service (BaaS) among enterprises, government organizations, and defense units could be another factor positively impacting the global blockchain in manufacturing market.

In August 2019, SIMBA Chain, a US cloud-based, BaaS platform, announced that the US Air Force (USAF) will use its technology on battlefields as well as at home. The USAF will use SIMBA’s blockchain technology to secure its supply chain, make its data more tamper-proof, and improve security in additive manufacturing.

Requirement for Real-time Data Analysis and Product Tracking to Augment Demand

High use of blockchain solutions in the energy and power industry because of increased focus on production improvement with reduction in downtime and maintenance is anticipated to create profit-making opportunities in the global blockchain in manufacturing market. Growing need to monitor customer purchase behavior, remove complexities in deployment of solutions, track movement of high-value equipment, and use real-time data analysis could drive the demand in the global blockchain in manufacturing market.

Equipment leasing and manufacturing companies are expected to increase the uptake of IoT and blockchain technologies to adjust to varying requirements in the industrial equipment ecosystem. They could also use the technologies to gain critical insights for comparing usage of their equipment in different parts of the world and evaluating the performance of their equipment.

Players to Invest in Product Development to Explore New Opportunities in Key Industries

The report offers comprehensive company profiling of top players of the global blockchain in manufacturing market such as Advanced Micro Devices, Inc., XAIN AG, BigchainDB GmbH, Wipro Limited, Blockchain Foundry Inc., ShipChain Inc., Chronicled, Inc., RIDDLE&CODE GmbH, Factom, Inc., Oracle Corporation, Grid Singularity GmbH, NVIDIA Corporation, IBM Corporation, Microsoft Corporation, Intel Corporation, and LO3 Energy, Inc. Players are expected to enter into agreements, long-term contracts, partnerships, and merger and acquisition deals to expand their presence in the global blockchain in manufacturing market. Companies could focus on new product launch and product development to improve their profit margin.

Earlier in 2019, Chronicled, a US technology company leveraging blockchain and IoT to power smart, secure supply chain solutions, raised $16 million in Series A funding to bring blockchain technology to the pharmaceutical industry.

By Application

 Predictive Maintenance

 Business Process Optimization

 Logistics and Supply Chain Management

 Counterfeit Management

By Provider

 Middleware Providers

 Infrastructure and Protocols Providers

 Application and Solution Providers

By End Use

 Automotive

 Healthcare

 Energy and Power

 Industrial

 Pharmaceuticals

The application segment of logistics and supply chain management is foretold to account for a significant share of the global blockchain in manufacturing market. This could be due to the rise in requirement for interconnected and intelligent logistics and supply chain networks and modern data visualization and management capabilities. Among end-use industries, energy and power is forecast to become a more prominent segment of the global blockchain in manufacturing market because of the increasing need for effective solutions to material movement, fuel mix, inspection, maintenance, and other issues in the industry.

By Region      

world_regions

With the US and Canada showing high adoption of blockchain technologies in manufacturing services, North America is projected to secure a commanding share of the global blockchain in manufacturing market. Increasing integration of blockchain technologies in manufacturing processes and early adoption of DevOps, big data, IoT, mobility, and other advanced technologies could further help North America to exhibit strong growth in the global blockchain in manufacturing market. High investment in research and development and the growing rate of digitalization in the manufacturing sector could be other factors contributing to the growth of the blockchain in manufacturing market in North America.

Agriculture


Agriculture is expected to be an important sector of the global business in the coming years. At QYR Consulting we make sincere efforts to help you improve your performance and transform your business by seizing the opportunities. Our research reports include an assessment of the shifting agricultural trends, evolving energy needs, and introduction of disruptive technologies. We offer market outlooks after through research, which is conducted using primary and secondary research methodologies.

Our reports highlight the best investment opportunities by evaluating the risk factors. Over a period of time, we have built a valuable network of market experts, which makes its own, invaluable contribution in writing these business reports. With our understanding of the promising markets, we present to you a heuristic approach towards discovering the future of energy and agriculture sector.


Energy and Power


Energy and power systems across the globe have undergone massive changes in recent years. The surging demand for power consumption has drastically impacted generation and distribution of energy through the years. The changing landscape, with innovation in automotive, housing, and industrial sectors, has pushed energy and power companies to not just boost production but also look for alternatives for sustainability. The sector is challenged by issues of soaring demand and rising CO2 emissions.

The research reports shed light on the energy and power needs of the future. They predict the rise and fall from conventional energy consumption to renewable power production. Analysts have discussed the benefits and hurdles that energy mixes are expected to bring. Wind, solar, and other renewable and less harmful energy sources have been extensively researched and written about in these research reports.


Service and Software


The software industry has reinvented the future of business over the years. From providing top-notch solutions to customizing them for specific needs, the software industry offers myriad services. Shifting trends and needs of the global citizens has drastically helped the service and software industry as devised applications that were unheard of. We understand your changing needs that demand unique vision and strategy.


The software industry has reinvented the future of business over the years. From providing top-notch solutions to customizing them for specific needs, the software industry offers myriad services. Shifting trends and needs of the global citizens has drastically helped the service and software industry to devise applications that were unheard of. We understand your changing needs that demand unique vision and strategy.

The research reports have been collated by an expert team of analysts who aim to be your guiding hand through the coming years. The thoughtful evaluation of the service and software industry attempts to provide a detailed picture of the changing competitive landscape. Analysts have discussed products and evaluated the way they must progress to stay ahead of the game.

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Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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  You must accept our privacy policies before submit your requirement




Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts.QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.



Blockchain in Manufacturing Market Report