Things You Must Learn about Top Companies in Blockchain in Manufacturing Market

Market Overview:

The market size of the Blockchain in manufacturing market in the year 2021 is valued at 543.90 USD Million and is predicted to reach 14033.77 USD Million by the year 2028 at 71.90% CAGR during the forecast period. When compared to several industries, such as the financial services sector, healthcare sector, etc., the adoption of blockchain technologies in the manufacturing sector is considerably low. The dynamic nature of the market and significantly high costs of the blockchain technology services and solutions have limited the penetration of blockchain solutions in the manufacturing sector.

The manufacturing industry is also on the verge of technological advancements with the shift from pure mechanics or electromechanics to mechatronics, which is, in turn, increasing the scope for automation. Such developments in manufacturing are diminishing boundaries of domains and increasing the influence of IT and electronics. The advent of IoT in industrial space, combined with Industry 4.0, is further influencing the adoption rates in the manufacturing space. For instance, according to Microsoft's 2019 Manufacturing Trends report, the Industrial IoT is poised to have a significant impact on manufacturing, along with the global economy; this is expected to create USD 15 trillion of global GDP by 2030. Additionally, projected IoT spending is expected to surpass USD 1 trillion in 2020.

Following are the top 10 leading companies in Blockchain in manufacturing market:

1. NVIDIA Corporation

Nvidia Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California. The company designs graphics processing units (GPUs) for the gaming and professional markets, as well as systems on chip units (SoCs) for the mobile computing and automotive market. Its primary GPU line, labeled "GeForce", is in direct competition with the GPUs of the "Radeon" brand by Advanced Micro Devices (AMD). Nvidia expanded its presence in the gaming industry with its handheld game consoles Shield Portable, Shield Tablet, and Shield Android TV and its cloud gaming service GeForce Now. Its professional line of GPUs is used in workstations for applications in such fields as architecture, engineering and construction, media and entertainment, automotive, scientific research, and manufacturing design.

2. Microsoft Corporation

Microsoft Corp. was established in 1975. Headquartered in the U.S., the company engages in the provision of developing and marketing software and hardware services. The company's products include operating systems for computing devices, servers, phones, and intelligent devices. It also offers server applications for distributed computing environments, productivity applications, business solution applications, desktop and server management tools, software development tools, video games, and online advertising.

3. International Business Machines Corporation

International Business Machines Corporation is an American multinational technology corporation headquartered in Armonk, New York, with operations in over 171 countries. The company is investing in it what it calls cognitive computing systems, led by the Watson artificial intelligence platform, that help customers analyze massive amounts of data to make better decisions. Among other areas, the company is betting on for growth are artificial intelligence, security, cloud, systems, quantum computing, and more. IBM's information technology, business services, and software units are among the largest in the world. While the company has placed less emphasis on hardware, the company maintains enterprise server and data storage product lines that are among industry leaders.

4. Intel Corporation

Intel was established in 1968. Headquartered in the U.S., the company operates by supplying processors for leading computer system manufacturers such as Lenovo, Apple, HP, Dell, and others. The company also manufactures network interface controllers, motherboard chipsets, integrated circuits, flash memory, graphics chips, embedded processors, and other devices related to communications and computing. Intel is one of the main players in the artificial intelligence sector and has done partnership with GE to deliver artificial intelligence solutions. The company offers Intel processors for deep learning to be used in cloud-to-edge devices.

5. Oracle Corporation

Oracle was established in 1977. Headquartered in the U.S., the company provides products and services that address enterprise information technology (IT) environments. The enterprise software company offers a range of cloud-based applications and platforms as well as hardware and services to help companies to improve their processes. The company also provides enterprise resource planning, data management, collaboration, content and experience, business analytics, IT operations management, security, and emerging technologies.

6. Amazon.com, Inc.

Amazon.com, Inc. is an American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It has been referred to as "one of the most influential economic and cultural forces in the world", and is one of the world's most valuable brands. It is one of the Big Five American information technology companies, alongside Alphabet, Apple, Meta, and Microsoft. The company distributes a variety of downloadable and streaming content through its Amazon Prime Video, Amazon Music, Twitch, and Audible units. It publishes books through its publishing arm, Amazon Publishing, film and television content through Amazon Studios, and is currently acquiring film and television studio Metro-Goldwyn-Mayer. It also produces consumer electronics—most notably, Kindle e-readers, Echo devices, Fire tablets, and Fire TV.

7. Advanced Micro Devices, Inc.

Advanced Micro Devices, Inc. is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets. While it initially manufactured its own processors, the company later outsourced its manufacturing, a practice known as going fabless, after GlobalFoundries was spun off in 2009. AMD's main products include microprocessors, motherboard chipsets, embedded processors, and graphics processors for servers, workstations, personal computers, and embedded system applications.

8. Wipro Ltd.

Wipro Limited is a leading global information technology, consulting, and business process services company. The company harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics, and emerging technologies to help their clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability, and good corporate citizenship, they have over 220,000 dedicated employees serving clients across six continents.

9. Syncron International AB

Syncron accelerates leading manufacturers and distributors to capitalize on the world’s new service economy. The company improves aftermarket business profitability, optimizes working capital, increases customer loyalty, and enables their customer's ability to transition successfully to future service-driven business models. With their industry-leading investments in AI and ML, they offer the first, innovative, customer-endorsed, and complete end-to-end intelligent Service Lifecycle Management solution portfolio. They also offer encompasses leadership solutions such as service parts inventory, price, equipment uptime, warranty, service contract, and field service management.

10. Electron

Electron is a free and open-source software framework developed and maintained by GitHub. It allows for the development of desktop GUI applications using web technologies: it combines the Chromium rendering engine and the Node.js runtime. It was originally built for Atom. The company is the main GUI framework behind several open-source projects including Atom, GitHub Desktop, Light Table, Visual Studio Code, Evernote, WordPress Desktop, and Eclipse Theia.

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For More Information about each of these companies. Vantage Market Research Report comes up with a detailed analysis of each major player in the industry. The Study provides Global market size & share, Emerging trends, In-depth analysis of key players, Development opportunities, Sales, Revenue Forecast.