Dublin, Dec. 28, 2022 (GLOBE NEWSWIRE) — The “AI And Blockchain Cloud Services Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030” report has been added ResearchAndMarkets.com’s Offering.
Big Data Analytics and increasing need for increased computing power to ensure market growth for AI and Blockchain Cloud Services
Globally, the AI and Blockchain cloud services market is expected to grow at a CAGR of more than 25% during the forecast period from 2022 to 2030. Since the rise of Big Data, various new technologies are being developed that will help in data analysis and efficient production generation. AI and Blockchain are at the top of these technologies which mainly follow a protocol to analyze huge amounts of data (Big Data) generated in various industries and provide significant solutions based on trends and historical information. According to the statistics published by EMC, around 40 Tn gigabytes of data (40 zettabytes) will be generated by the end of 2020. This huge amount of data is expected to drive the demand for AI and Blockchain-based tools.
Increasing use of these advanced tools will gradually generate demand for computing and storage capacities, ultimately improving the use of cloud services. Combining AI and Blockchain with Big Data Analytics has made it easier to maintain the simplicity and efficiency of industrial operations and increase transparency in the business process. Based on this, a large number of companies are increasingly investing in AI and Blockchain cloud services.
These factors are likely to drive the AI and Blockchain cloud services market growth in the coming years. However, security concerns regarding cloud technology and lack of trained and experienced workforce will limit the market growth during the forecast period.
The financial sector is expected to continue to dominate the market
In 2021, the overall market for AI and Blockchain Cloud Services was led by the financial sector which contributed over 35% of the total revenue generated worldwide. Combination of AI and Blockchain technology mainly benefits financial transactions in various businesses across the world. These transactions take advantage of the current capabilities of the internet and bring benefits to the financial sector. Since the financial sector requires the highest data security, the use of AI and Blockchain cloud services can help store and preserve highly sensitive patient/personal data such as medical notes, insurance records or personal recommendations. When used in combination, machine learning helps improve the deployment of Blockchain apps and help predict potential system breaches. Such advantages in the financial sector have enhanced its usage and at the same time contributed to its growing market size.
Asia Pacific to record the fastest growth
North America dominates the market for AI and Blockchain cloud services. By 2021, the regional market accounted for nearly 40% of the total revenue generated worldwide. The US as a technology hub holds the maximum market share in North America as major technology vendors such as IBM, Microsoft and Apple have a strong presence in this region. These companies invest heavily in the research and development and marketing of the AI and Blockchain technologies.
Moreover, increasing adoption of cloud-based technologies is contributing to the growth of this market in North America. North America is followed by Europe with the second highest market share in the global market. However, Asia Pacific is expected to register maximum growth during the forecast period. Factors such as increasing adoption of advanced technologies, increasing expansion of international players in the emerging nations of Asia-Pacific, and increasing number of start-ups are driving the growth of the AI and Blockchain cloud services market in the Asia-Pacific region.
Market segmentation
application
- The financial sector
- Consumer or industrial products
- Health Service
- Technology, media and telecom
- Transportation
- Public sector
Key questions answered in this report
- What are the key micro and macro environmental factors influencing the growth of the AI And Blockchain Cloud Services market?
- What are the key investment pockets in terms of product segments and geographies currently and in the forecast period?
- Estimated forecasts and market forecasts up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment has a larger market share and why?
- Are Low and Middle Income Economies Investing in the AI and Blockchain Cloud Services Market?
- Which is the largest regional market for AI and Blockchain Cloud Services market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America and the Middle East and Africa?
- What are the key trends driving the AI And Blockchain Cloud Services market growth?
- Who are the major competitors and what are their key strategies to improve their market presence in the AI And Blockchain Cloud Services market worldwide?
Key topics covered:
1. Preface
2. Summary
3. AI and Blockchain Cloud Services Market: Competitive Analysis
4. AI and Blockchain Cloud Services Market: Macro Analysis and Market Dynamics
5. AI and Blockchain Cloud Services Market: By Application, 2020-2030, USD (Million)
6. North America AI and Blockchain Cloud Services Market, 2020-2030, USD (Million)
7. UK and EU AI and Blockchain Cloud Services Market, 2020-2030, USD (Million)
8. Asia Pacific AI and Blockchain Cloud Services Market, 2020-2030, USD (Million)
9. Latin America AI and Blockchain Cloud Services Market, 2020-2030, USD (Million)
10. Middle East and Africa AI and Blockchain Cloud Services Market, 2020-2030, USD (Million)
11. Company profile
Companies mentioned
- Synapse AI
- CoinGenius
- NetObjects
- Cyware Labs
- VIA
- Chainhaus
- Verisart Inc.
- Finalze Inc.
- Wealthblock.AI
- AlphaNetworks
- Figure technologies
- Boxspring Media
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