Blockchain AI Market Size Worth USD 1,125.9 Million by 2027 | Emergen Research
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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.
VANCOUVER, BRITISH COLUMBIA, CANADA, Sept. 12, 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.
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.
In addition, the report also provides an insight into product portfolios, costs, sales, production capacity and market players. Raw materials, demand analysis, product flow and distribution channels have been studied and mapped extensively in this research report. The most important growth trends and opportunities are offered through a thorough investigation and research of the market. A detailed development course is offered in the report along with insights into businesses associated with it, which include firms, industries, organizations, suppliers, and local manufacturers.
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The report covers key points in the market, including standards, regulations and policy changes that the government has applied to the industry for the coming years. The report includes thorough research conducted using advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to identify growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in depth in the market study.
Important highlights of 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.
Prominent players analyzed in the report:
Alpha Networks, AI-Blockchain, BurstIQ, LLC, Bext360, Core Scientific, CoinGenius, Fetch.ai, Cyware Labs, Finalze, Inc. and Neurochain Tech.
The report provides a comprehensive overview of the regional analysis of the market and subsequent country analysis. The regional analysis of the market consists of information on production volume, consumption volume and patterns, revenue and growth rate for the forecast period 2020-2027. According to the regional analysis, the market is primarily spread over key geographic regions as follows:
North America (USA, Canada)
Europe (UK, Italy, Germany, France, rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, UAE, South Africa, Rest of MEA)
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The report provides a comprehensive overview of the competitive landscape and covers company profiles, manufacturing and production capacity, product portfolio, expansion strategies and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships and product launches and brand campaigns among others.
The Blockchain AI research report also includes an insightful study of the prominent players in the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This helps readers and business owners formulate strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government agreements and others. The report also talks about the expansions these prominent players are contending for in the key regions of the market. The report focuses on the detailed analysis of the technological and product development carried out by these companies.
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Furthermore, the report divides the Blockchain AI market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also provides predictions about the segments that are expected to show significant growth during the projected timeline.
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:
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
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
The report additionally presents a comprehensive analysis of the key elements of the Blockchain AI market influencing its growth over the projected timeline. These vital elements include key drivers, restraints, opportunities, restraints, threats, and micro- and macro-economic factors. The authors of the report have implemented a set of analytical tools, such as SWOT analysis, Porter’s Five Forces analysis, opportunity analysis and ROI analysis, to provide strategic recommendations to the new entrants on how to overcome the entry-level barriers.
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