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Blockchain in Manufacturing Market to Reach Valuation of 14033.77 USD Million by 2028

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Vantage Market Research, The North Star for the Working World

WASHINGTON, March 15, 2022 (GLOBE NEWSWIRE) — Global Blockchain in Manufacturing Market is estimated to reach USD 14033.77 Million in the year 2028. The Market stood at a revenue of USD 543.90 Million in the year 2021, and is expected to exhibit a Compound Annual Growth Rate (CAGR) of 71.90%.

Blockchain technology has the potential to change the entire identity of the traditional manufacturing sector. Increase in the energy demands motivates world industries working in the energy & power sector to approve the blockchain solutions that would assist them in the enhancement of production along with the lower downtime and minimal maintenance during the forecast period. The growth in the demand for blockchain in the industrial manufacturing sector is predicted to enhance the market growth in the upcoming years. Moreover, other key factor for growth of the Blockchain in Manufacturing Market is companies are moving towards the adoption of blockchain and IoT technologies as these technologies authorize analysis of real-time…

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