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Home | Search Global IT News: IT News & Press Release Distribution: Blockchain in Manufacturing Market estimated to be worth $566.2 million by 2025 (EMAILWIRE.COM, March 20, 2019 ) According to the new market research report "Blockchain in Manufacturing Market by Application (Business Process Optimization, Logistics and Supply Chain Management, Counterfeit Management), End Use (Automotive, Energy & Power, Industrial, Pharmaceuticals), and Region - Global Forecast to 2025", the blockchain in manufacturing market is expected to be worth USD 30.0 million by 2020 and USD 566.2 million by 2025, growing at a CAGR of 80.0% from 2020 to 2025. The key factors driving the growth of this market include blockchain-as-a-Service (BaaS) solutions for enterprises; simplifying business processes and affording transparency and immutability; significant increase in venture capital investments and initial coin offerings (ICO); increasing demand for real-time data analyses, enhanced visibility, and proactive maintenance; increased emphasis on energy efficiency and cost of production; convergence of operational technology (OT) and information technology (IT); AI, IoT, blockchain and the future of manufacturing industry; and increase in global blockchain-related patent filings. Don’t miss out on business opportunities in Blockchain in Manufacturing Market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=198218761 Report Objectives: The trial and testing phase considered for the study is 2016–2019; estimated year for the commercialization of blockchain in manufacturing is 2020 and the forecast period is from 2020 to 2025. The objective of the report is to provide a detailed analysis of the blockchain in manufacturing market by application, end use, and geography. The report provides detailed information regarding the major factors influencing the growth of the blockchain in manufacturing market. Methodology: The research methodology used to estimate and forecast the blockchain in manufacturing market begins with obtaining data through secondary research such as corporate filings (such as annual reports, investor presentations, and financial statements); The Association for Manufacturing Excellence, The Association For Manufacturing Technology (AMT), R3CEV Consortium, Hyperledger Foundation, Chamber of Digital Commerce, The World Economic Forum; white papers; journals and certified publications related to blockchain technology; articles from recognized authors; gold and silver standard websites; directories; and databases. Key offerings of blockchain in manufacturing solution providers have also been taken into consideration to determine the market segmentation. Bottom-up procedure has been employed to arrive at the overall size of the blockchain in manufacturing market from the revenues of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which then has been verified through primary research by conducting extensive interviews with officials holding key positions in the industry, such as CEOs, VPs, directors, and executives. Market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at exact statistics for all segments and subsegments. Browse and in-depth TOC on "Blockchain in Manufacturing Market" 36 - Tables 43 - Figures 161 - Pages View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/blockchain-in-manufacturing-market-198218761.html Energy & Power to account for largest share of blockchain in manufacturing market by 2020 Energy & power sector is expected to account for the largest share of the overall blockchain in manufacturing market during the forecast period. Increasing global energy demand encourages companies operating in the energy & power industry to adopt blockchain solutions that can help them enhance production with minimum maintenance and reduced downtime. LO3 Energy has developed Exergy, a permissioned data platform that creates localized energy marketplaces for transacting energy across existing grid infrastructure. Electron is a London-based start-up harnessing the blockchain technology to design more efficient, resilient, and flexible systems for the energy industry. The company designs platforms and services that empower the industry to address challenges and maximize the potential of new technologies such as distributed renewable generation and storage, smart grid, and connected devices. North America is expected to hold largest share of blockchain in manufacturing market from 2020 to 2025 North America is expected to hold the largest share of the global blockchain in manufacturing market, wherein the US and Canada are expected to witness a significant adoption of blockchain in manufacturing services. These countries have sustainable and well-established economies, which allow them to strongly invest in R&D activities, thereby contributing to the development of new technologies. Due to the early adoption of trending technologies, such as IoT, big data, DevOps, and mobility, manufacturers are keen to integrate blockchain technologies into their processes. The startup culture in North America is growing at a faster pace as compared to other regions. The advent of SMEs and increasing digitalization in manufacturing have also aided the growth of the North American market. Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=198218761 Some of the major companies operating in the blockchain in manufacturing market are NVIDIA Corporation (US), XAIN AG (Germany), CargoX (Slovenia), RIDDLE&CODE GMBH (Austria), Chronicled (US), LO3 Energy (US), Electron (UK), Filament (US), Grid Singularity (Germany), Shipchain (US), Microsoft Corporation (US), Advanced Micro Devices, Inc. (US), International Business Machines Corporation (US), Intel Corporation (US), Oracle Corporation (US), Factom (US), BigchainDB GmbH (Germany), Blockchain Foundry Inc. (Canada), Wipro Ltd. (India), Amazon.com, Inc. (US), Syncron International AB (Sweden), Electron (UK), ChromaWay AB (Sweden), Project Provenance Ltd (UK), Everledger Ltd. (UK), Supercomputing Systems AG (Switzerland), Storj Labs Inc. (US), and Cloud Technology Partners, Inc. (US). Browse Adjacent Markets @ Semiconductor and Electronics Market Research Reports & Consulting About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. 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Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets Website: http://www.marketsandmarkets.com/ MarketsandMarkets™ Mr. Shelly Singh 1-888-600-6441 raviraj.tak@marketsandmarkets.com Source: EmailWire.com

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