Blockchain AI Market Growth Forecast of 25.6% CAGR by 2030 | Advances in technology
Emergen Research Logo
An increase in supply chain management applications integrated with blockchain AI technology
— Emergen Research
VANCOUVER, BC, CANADA, Aug. 5, 2022 /EINPresswire.com/ — The global Blockchain AI market is estimated to reach a value of USD 1,125.9 million by 2027, according to a current analysis by Emergen Research. Blockchain and AI have evolved into leading technologies that can drive innovations in almost every industry. They are used together to improve everything from health record sharing to food supply chain logistics and financial security.
They help build and organize massive databases, perform tasks in less time, and strengthen cyber security. Blockchain AI is an enabler of data monetization, which is one of the key drivers of the market. Blockchain AI is witnessing an increased adoption among businesses. An increasing use of cloud-based security by companies will provide growth opportunities for the market.
Get an example of the report @
Blockchain AI is complex in nature and difficult to manage and implement. It requires specific skills to develop the technology, which can also limit the market. In addition, the use of cloud-based technology and the Internet of Things (IoT) create great opportunities for market growth. Rising venture capital funding and growing investments in Blockchain AI technology are expected to drive the market during the forecast period.
Important highlights in the report
Machine learning is described as software that changes as it learns new information. Blockchain AI can benefit machine learning to accelerate the analysis of a large volume of data.
Smart contracts are used by organizations to reduce costs and avoid fraud. These contracts distributed over Blockchain AI guarantee that no changes can be made to them. The technology makes it impossible for any third party to make changes to the contract.
The SME segment is expected to expand at a significant CAGR during the forecast period, owing to reduction in infrastructure costs and growth in market openness.
Blockchain AI technology is used in hospitals, clinics and laboratories to record, analyze and monitor patient information. Furthermore, there has been an increase in the circulation of counterfeit medicines, which can be limited by the use of this technology.
North America held the largest market share and is the most attractive market for Blockchain AI worldwide, due to increasing adoption of the technology in the BFSI and e-commerce sectors in this region. The highly competitive market in the US due to the presence of major market players is also driving the market in the region.
Key market players include Alpha Networks, AI-Blockchain, BurstIQ, LLC, Bext360, Core Scientific, CoinGenius, Fetch.ai, Cyware Labs, Finalze, Inc. and Neurochain Tech.
Request a discount on the report @
For the purpose of this report, Emergen Research has segmented the global Blockchain AI market based on technology, component, application, deployment mode, organization size, vertical and region:
Technology Outlook (Revenue, billion USD; 2017-2027)
Machine Learning (ML)
NLP
Context-aware computing
Computer vision
Component Outlook (Revenue, USD Billion; 2017-2027)
Platform/tool
Services
Counselling
System integration and distribution
Support and maintenance
Application Outlook (Revenue, USD Billion; 2017-2027)
Smart contracts
Payment and settlement
Data security
Data sharing/communication
Asset tracking and management
Logistics & Supply Chain Management
Optimization of business processes
Second
To know more about the report @
Distribution Mode Outlook (Revenue, USD Billion; 2017-2027)
Cloud
On-site
Outlook for Organization Size (Revenue, USD Billion; 2017-2027)
Large companies
SMEs
Vertical Outlook (Revenue, USD Billion; 2017-2027)
BFSI
Telecom and IT
Health and life sciences
Production
Media and entertainment
Automotive
Other
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
US
Canada
Europe
Germany
Great Britain
France
BENELUX
The rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of APAC
Latin America
Brazil
The rest of LATAM
Middle East and Africa
Saudi Arabia
UAE
The rest of the MEA
Request adaptation of the report @
Thank you for reading our report. Please contact us if you have any questions regarding the report or its customization. Our team will ensure that the report is best suited to your needs.
Explore more Emergen Research Reports @
Gerd drug and equipment market
Market for occlusion devices
Blockchain Ai Market
The IoT integration market
Ingredients for personal care
Market for milk enzymes
The market for liquid fertilizers
About Emergen Research
At Emergen Research, we believe in moving forward with technology. We are a growing market research and strategy consultancy with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies predicted to become more prevalent in the coming decade.
Eric Lee
Emergen Research
+91 90210 91709
[email protected]
Visit us on social media:
Facebook
Twitter
LinkedIn
