Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
blockchain in manufacturing market forecast, blockchain in manufacturing industry size, blockchain in manufacturing industry share, blockchain in manufacturing market drivers, blockchain in manufacturing market demand, blockchain in manufacturing market key players
What’s the Market Size and Growth Forecast for the Blockchain in Manufacturing Market?
The blockchain in manufacturing market has witnessed exponential growth recently, burgeoning from $248.93 billion in 2024 to an anticipated $427.99 billion in 2025 at a CAGR of 71.9%. Factors contributing to this growth include the need for improved supply chain visibility, rising concerns about counterfeiting, complex manufacturing processes, the adoption of smart contracts and increased demand for enhanced data security.
Forecast estimates predict that the market will continue to expand rapidly, ballooning to an impressive $3297.77 billion in 2029 at a CAGR of 66.6%. This growth is believed to be fueled by the integration of blockchain with industry 4.0 initiatives, an increasing emphasis on traceability and transparency, adoption of decentralized manufacturing networks, regulatory compliance requirements and expansion of blockchain applications beyond the supply chain.
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What Factors are Driving the Growth of Blockchain in Manufacturing Market?
The global spike in demand for blockchain from diverse industries is the primary growth catalyst for the blockchain market. In the industrial sector, blockchain promises a revolutionary manufacturing business model by enhancing visibility across all process elements from suppliers, strategic sourcing, procurement, and quality control through shop floor operations. Increased demand for blockchain technology from various sectors signals a promising growth trajectory for the blockchain market in manufacturing.
What are the Key Segments of the Blockchain in Manufacturing Market?
The report breaks down the blockchain in manufacturing market into the following segments:
1) By Applications: Logistics and Supply Chain Management, Counterfeit Management, Quality Control And Compliance, Other Applications
2) By Component: Platform, Services
3) By End-Use: Energy And Power, Industrial, Automotive, Pharmaceuticals, Aerospace And Defense, Food And Beverages, Textile And Clothing, Other End-Users
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Who are the Major Players in the Blockchain in Manufacturing Market?
Major players in the blockchain in manufacturing market include Advanced Micro Devices Inc., Amazon Web Services Inc., Blockchain Foundry Inc., CargoX Inc., Chronicled Inc., Xayn AG, Factom Inc., International Business Machines Corporation, Intel Corporation, Microsoft Corporation, Nvidia Corporation, Oracle Corporation, Riddle&Code GmbH, Wipro Limited, Everledger Ltd., Accenture PLC, BigchainDB GmbH, and many more.
What are the Emerging Trends in the Blockchain in Manufacturing Market?
Notable trends in the blockchain in manufacturing market include the development of technologically advanced solutions like the Tezos blockchain ecosystem, designed to bolster supply chain transparency and operational efficiency through decentralized processes. These technological advancements empower users and developers, promoting fair and sustainable digital ecosystems.
What are the Fastest-Growing Regions in the Blockchain in Manufacturing Market?
Asia-Pacific dominated the blockchain in manufacturing market in 2024, being the largest region. The regions covered in the blockchain in manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Blockchain in Manufacturing Market Report 2025 Offer?
Blockchain in manufacturing refers to the use of a decentralized ledger technology to enhance transparency, traceability, and security in supply chains. It’s used to track material sources, streamline processes, and ensure compliance. This technology assists manufacturers in reducing fraud, boosting efficiency, and building trust among stakeholders. The Blockchain in Manufacturing Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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