Blockchain AI Market Growth Forecast of 25.6% CAGR by 2030 | Advances in technology

An increase in supply chain management applications integrated with blockchain AI technology

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.

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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.

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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

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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

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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]
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