Blockchain in Manufacturing Market 2019- Key Players, Trends, Competit

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A blockchain is a digital record/ distributed ledger for maintaining a permanent and tamper-proof record of transactional data. A blockchain functions as a decentralized database that is managed by computers belonging to a peer-to-peer network. Meticulous Research(R) in its latest publication on blockchain market states that the global Blockchain in Manufacturing market will increase at a CAGR of 74.1% from 2018 to 2025 to reach USD 28,248.7 million by 2025.

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Follow Us On: Blockchain in Manufacturing Market 2019- 2025 Blockchain in Manufacturing Market 2019- Key Players Trends Competitive Breakdown and Forecasts to 2025 A blockchain is a digital record/ distributed ledger for maintaining a permanent and tamper-proof record of transactional data. A blockchain functions as a decentralized database that is managed by computers belonging to a peer-to-peer network. Meticulous ResearchR in its latest publication on blockchain market states that the global Blockchain in Manufacturing market will increase at a CAGR of 74.1 from 2018 to 2025 to reach USD 28248.7 million by 2025. Growth of the global blockchain market is mainly attributed to increasing adoption of BaaS increasing merchants accepting cryptocurrency and growing interest in blockchain among financial institutions. In addition opportunities like reduction in cost of IT services blockchain international trade and smart contract and digital identity ensures steady growth of this market in long run. To provide efficient analysis Meticulous Research has segmented this market on the basis of verticals BFSI government healthcare retail e-commerce transportation logistics applications payments exchanges smart contracts documentation digital identity and geography. Get Free Sample Copy of This Report at: https://www.meticulousresearch.com/request-sample-report/cp_id5016 Wherein geographically North America commanded the largest share in this market followed by Europe. The major share of North America is mainly attributed to adoption of blockchain technology by banks financial institutes transport logistics and healthcare. North America is also a home to various global technology companies which makes it a dominating market throughout the world. While in terms of application payments accounted for the largest share in the global blockchain market in 2017. The large share of this segment is mainly attributed to rising need to transfer funds directly and securely to anyone and growing demand to reduce cost of transactions. The report provides competitive intelligence in terms of financials growth strategies product portfolios and geographical presence on some of the key players in this market including IBM U.S. Amazon U.S. Microsoft U.S. and Ripple U.S. dominated the global blockchain market collectively accounting for a 53 share of this market. Other key players operating in this market are Chain Inc. U.S. Earthport U.K. Coinbase U.S. Bitfury Group Netherlands BTL Group Canada and Digital Asset Holdings U.S..

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Follow Us On: Blockchain in Manufacturing Market 2019- 2025 Analysis of Blockchain in Manufacturing Market Segments The global blockchain in manufacturing market is segmented by application predictive maintenance asset tracking and management business process optimization logistics and supply chain management quality control and compliance counterfeit management and real-time workforce tracking and management end-user automotive healthcare aerospace and defense textile and clothing energy and power food and beverages pharmaceuticals industrial and others and geography. Based on end-user in 2018 the energy and power segment accounted for the largest share of the global blockchain in manufacturing market. While based on application logistics and supply chain management segment is expected to witness the rapid growth during the forecast period. Blockchain in Manufacturing Market Key Players The major players operating in the global blockchain in manufacturing market are Advanced Micro Devices Inc. Amazon.Com Inc. Bigchaindb GmbH Blockchain Foundry Inc. Chronicled Inc. Factom Inc. Grid Singularity GmbH IBM Corporation Intel Corporation LO3 Energy Inc. Microsoft Corporation NVIDIA Corporation Oracle Corporation RiddleCode GmbH ShipChain Inc. Wipro Limited and Xain AG. Browse in-depth Report with TOC at: https://www.meticulousresearch.com/product/blockchain-in- manufacturing-market-5016/ Blockchain in Manufacturing Market Future Outlook Blockchain technology has the potential to radically transform businesses across various sectors. Several sectors such as healthcare education supply chain retail and many other end-use industries are undergoing transformation under the blockchain effect. The supply chain forms the base of every manufacturing industry and blockchain can prove to be a catalyst to boost the supply chain system. Introduction of blockchain technology is empowering the entire supply system to become more efficient thereby increasing the product quality and tracking and with all this the manufacturer will be able to meet the demand of the customer on time and also ensure that quality product is delivered to the customer. Moreover a survey from the World Economic Forum WEF in 2015 had predicted that 10 of global GDP will be stored on the blockchain by 2027. In addition in 2018 71 of total task hours were done by humans while 29 were done by machines. However the number is expected to change to 58 of task hours performed by humans and 42 by machines according to The WEF by 2022. Thereby in coming years blockchain will be the next big thing in the manufacturing industry.

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Follow Us On: Blockchain in Manufacturing Market 2019- 2025 Browse More Report of This Category at: https://www.meticulousresearch.com/category/information- communications-technology-market-research/22 Key questions answered in Blockchain in Manufacturing Market report: Advancement in 3d printing technology will drive the growth of blockchain in manufacturing market • Which segment is expected to experience the fastest growth in manufacturing blockchain market • Which type of providers are more preferred by the end users • What is the most prominent application rapidly adopting blockchain across developed as well as developing regions High adoption of smart contracts and digital identities will flourish the new revenue pockets in developing region • How will recent or ongoing technological developments in the manufacturing industry influence the blockchain in manufacturing market • Who are the major players in the blockchain in manufacturing market and what strategies do they employ Transforming international trade and supply chain management is supporting the growth of the block chain in manufacturing market • Which geographic region is expected to experience the fastest growth rate • What part does the established companies play in developing blockchain in manufacturing market in the new regions • What are the geographical trends and high growth regions/ countries Recent partnerships acquisitions and expansions have taken place in the global blockchain in manufacturing market • What companies have recently merged/acquired and how will these affect the competitive landscape of the blockchain in manufacturing market • What companies have created partnerships and how will these partnerships promote a competitive benefit • Who are the key players in the global market and what share of the market do they hold Check Discount Here: https://www.meticulousresearch.com/request- discount/cp_id5016

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Follow Us On: Blockchain in Manufacturing Market 2019- 2025 About Us: The name of our company defines our services strengths and values. Since the inception we have endeavoured to research analyze and present the critical market data with great attention to details. Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act 1956. Since its incorporation with the help of its unique research methodologies the company has become the leading provider of premium market intelligence in North America Europe Asia-Pacific Latin America and Middle East Africa regions. With the meticulous primary and secondary research techniques we have built strong capabilities in data collection interpretation and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports custom studies quick turnaround research and consulting solutions to address business challenges of sustainable growth. Contact Us: Khushal Meticulous Research® Contact Sales- +1-646-781-8004 Email: salesmeticulousresearch.com Website: https://www.meticulousresearch.com Browse Our Blog: https://globalmarketstudy.blogspot.com/ Find us on: | LinkedIn | Twitter |

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