Boonton, NJ -- (SBWIRE) -- 10/16/2018 -- Global Blockchain in Manufacturing Market Analysis

According to Verified Market Intelligence, The Global Blockchain in Manufacturing Market was valued at USD 2.6 Million in 2017 and is projected to reach USD 543.5 Million by 2025, growing at a CAGR of 77.3% from 2018 to 2025.

What is Blockchain in Manufacturing?

Blockchain can be defined as a set of (growing) records which manage as well as keep track of transactions that are made through Bitcoin as well as other forms of cryptocurrency. Each segment of the blockchain contains data of the transaction as well as a timestamp, which by nature, cannot be modified. Blockchain stores data, without a central authority.

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There can be several applications in which blockchain can be used such as identity management, digital currencies as well as foreign exchange transfer. In terms of the manufacturing industry, Blockchain can be used for applications such as supply chain management, digital product memory, Internet of Things and Industry 4.0 applications, 3D printing and more. Rising technologies involving Blockchain is aiding the growth of the Global Blockchain in Manufacturing Market.

Global Blockchain in Manufacturing Market Outlook

The growing amount of applications that involve Blockchain as well as the incorruptible nature of the Blockchain are increasing the growth of the market. Factors such as the susceptibility to the high price volatility as well as the increasing use of Blockchain in Black Market activity (leading to loss of reputation) are leading to restraint in the growth of the Global Blockchain in Manufacturing Market.

Global Blockchain in Manufacturing Market Competitive Landscape

The "Global Blockchain in Manufacturing Market" study report will provide a valuable insight with an emphasis on global market including some of the major players such as IBM Corporation, Intel Corporation, Microsoft Corporation, Amazon.Com, Inc., Nvidia Corporation, Advanced Micro Devices, Factom, Wipro Limited, Oracle and Xain AG. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

Global Blockchain in Manufacturing Market Segmentation, by Application
Asset Tracking and Management
Real-Time Workforce Tracking and Management
Quality Control and Compliance
Predictive Maintenance
Logistics and Supply Chain Management
Business Process Optimization
Counterfeit Management

Global Blockchain in Manufacturing Market Segmentation, by Vertical
Aerospace and Defense
Energy & Power
Automotive
Pharmaceuticals
Food & Beverages
Industrial
Textile

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Global Blockchain in Manufacturing Market Geographic Scope
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Rest of the World