Blockchain AI Market Growth Forecast at 25.6%CAGR by 2030 | Advancements in Technology
An increase in applications of supply chain management incorporated with blockchain AI technology
VANCOUVER, BC, CANADA, August 5, 2022 /EINPresswire.com/ -- The global Blockchain AI Market is estimated to reach value of USD 1,125.9 Million by 2027, according to a current analysis by Emergen Research. Blockchain and AI have progressed into leading technologies that can power innovations in almost all industries. They are being used together to enhance everything from healthcare record sharing to food supply chain logistics and financial security.
They help in building and organizing massive databases, performing tasks in less time, and strengthening cyber security. Blockchain AI is an enabler of data monetization, which is one of the primary driving factors for the market. The Blockchain AI is witnessing an increased adoption among enterprises. A growing adoption of cloud-based security by the companies will provide growth opportunity to the market.
Get a sample of the report @ https://www.emergenresearch.com/request-sample/408
Blockchain AI is complex in nature and is difficult to manage as well as implement. It requires specific skill sets to develop the technology, which can also restrain the market. Moreover, adoption of cloud-based technology and Internet of Things (IoT) is creating ample opportunities for growth of the market. Increasing venture capital funding and growing investments in Blockchain AI technology are projected to drive the market during the forecast period.
Key Highlights of Report
Machine learning is described as a software that changes when 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 cost and avoid any fraud. These contracts deployed over Blockchain AI guarantee that no modifications can be made in them. The technology makes it impossible for any third party to make any changes in the contract.
The small- and medium-sized enterprises segment is expected to expand at a significant CAGR during the forecast period, due to reduction in infrastructure costs and growth in the transparency of the market .
Blockchain AI technology is being used in hospitals, clinics, and labs to record, analyze, and monitor patient information. Furthermore, there has been increase in the circulation of counterfeit drugs, which can be limited by the usage of this technology.
North America held the largest market share and is the most attractive market for Blockchain AI across the world, due to growing adoption of the technology in BFSI and e-commerce sectors in this region. The highly competitive market in the U.S. due to presence of major market players is also propelling the market in the region.
Key market participants 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 @ https://www.emergenresearch.com/request-discount/408
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, USD Billion; 2017–2027)
Machine Learning (ML)
NLP
Context-aware Computing
Computer Vision
Component Outlook (Revenue, USD Billion; 2017–2027)
Platform/Tools
Services
Consulting
System Integration & Deployment
Support & Maintenance
Applications Outlook (Revenue, USD Billion; 2017–2027)
Smart Contracts
Payment & Settlement
Data Security
Data Sharing/Communication
Asset Tracking & Management
Logistics & Supply Chain Management
Business Process Optimization
Others
To know more about the report @ https://www.emergenresearch.com/industry-report/blockchain-ai-market
Deployment Mode Outlook (Revenue, USD Billion; 2017–2027)
Cloud
On-premises
Organization Size Outlook (Revenue, USD Billion; 2017–2027)
Large Enterprises
SMEs
Vertical Outlook (Revenue, USD Billion; 2017–2027)
BFSI
Telecom & IT
Healthcare & Life Science
Manufacturing
Media & Entertainment
Automotive
Other
Regional Outlook (Revenue, USD Billion; 2017–2027)
North America
U.S.
Canada
Europe
Germany
U.K.
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
Rest of MEA
Request customization of the report @ https://www.emergenresearch.com/request-for-customization/408
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
Explore More Emergen Research Reports @
Gerd Drugs And Devices Market
https://www.emergenresearch.com/industry-report/gerd-drugs-and-devices-market
Occlusion Devices Market
https://www.emergenresearch.com/industry-report/occlusion-devices-market
Blockchain Ai Market
https://www.emergenresearch.com/industry-report/blockchain-ai-market
Iot Integration Market
https://www.emergenresearch.com/industry-report/iot-integration-market
Personal Care Ingredients Market
https://www.emergenresearch.com/industry-report/personal-care-ingredients-market
Dairy Enzymes Market
https://www.emergenresearch.com/industry-report/dairy-enzymes-market
Liquid Fertilizers Market
https://www.emergenresearch.com/industry-report/liquid-fertilizers-market
About Emergen Research
At Emergen Research, we believe in advancing with technology. We are a growing Marketresearch and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Eric Lee
Emergen Research
+91 90210 91709
sales@emergenresearch.com
Visit us on social media:
Facebook
Twitter
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
