Global Block Chain in Electronic Component Industry Driven by Rising Complexity of Businesses

Published Date : Feb 26, 2018

ALBANY, New York, February 26, 2018 - has announced the addition of a new business intelligence publication, titled “Block Chain in Electronic Component Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” to its expanding database. The report presents an in-depth assessment of the block chain in electronic component market along with future growth trends based on past performance and current growth trends. It examines vital market indicators and technological advances that could influence the growth trajectory of this market over the report’s forecast period. Included in the report is a discussion on the competitive landscape of the block chain in electronic component market, which includes competitive profile of key vendors in the market. The report presents a satisfactory reports of the block chain in electronic component industry to serve as a valuable business instrument for its target audience.

According to the report, the capability of block chain to eliminate any counterfeit risk associated with the supply chain of electronic components is the foremost factor driving the block chain in electronic component industry. Block chain is likely to witness significant adoption in the coming as counterfeit components lead to significant business loss to the entire electronics industry. Block chain ensures high security and records all transactions irrespective of location. Some other advantages of block chain include faster and economical medium of carrying out online transfer of information and virtual money sans the need of third-party verification.

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However, the adoption of block chain is challenged as publicly trading manufacturers do not wish to reveal every transaction against respective manufacturing part number. Nevertheless, manufacturers can create multiple wallets against each manufacturing part number, thus, enabling buyers to verify the ownership of the wallet. A singly buyer, however, cannot request several wallet addresses of a single manufacturer, thereby preventing his sales or profit margin from being revealed. In addition, lack of awareness about block chain is a key restraint to the market’s growth.

However, factors such as unaffordability of small-sized electronic component manufacturers and electronics manufacturing service providers to purchase components directly from original component manufacturers is likely to present opportunities to the block chain in electronic component industry.

The report studies the global block chain in electronic component market on the basis of type, size, and geography. By type, the market can be segmented into public block chain, consortium block chain, and private block chain. On the basis of size of component manufacturer, the market has been segmented into small-scale manufacturer, large scale manufacturer, and medium scale manufacturer. By geography, the report takes stock of the potential demand for block chain in electronic component industry from North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America, among them, holds prominence in the block chain in electronic component market due to advanced technologies in place for payments and documentation. On the other hand, Asia Pacific is likely to emerge as a highly attractive market as the region is home to a large number of electronic component manufacturers.

Prominent companies to name in the block chain in electronic component industry include ABB Ltd., 21 Inc., AlphaPoint Corporation, Skuchain Inc., BTL Group, Venture Proxy Ltd., Circle Internet Financial Limited, Digitalx Ltd. IBM Corporation, Accenture Inc., Chain Inc., Bitfury USA Inc., Coinbase Inc., Dash Technologies Inc., Abra Inc., Digital Asset Holdings LLC, Global Arena Holding Inc., and Microsoft Corporation.

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