Blockchain AI market is estimated to reach value of USD 1,125.9 Million by 2027.The Blockchain AI Market Research report gives a complete assessment of the market. It does so through in-depth qualitative insights, historic data, and verifiable projections about market size. The projections featured in the report have been derived the use of confirmed studies methodologies and assumptions. By doing so, the research report serves as a repository of analysis and facts for each side of the market.
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.
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Further key findings from the report suggest
- 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.
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Report Objective:
The report offers a complete analysis of the global Blockchain AI market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as MA acquisition, partnerships, joint ventures, license agreement and collaborations. Alpha Networks, AI-Blockchain, BurstIQ, LLC, Bext360, Core Scientific, CoinGenius, Fetch.ai, Cyware Labs, Finalze, Inc., and Neurochain Tech. and others are some of the top companies profiled in the report.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
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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, 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
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
The report addresses the following key points:
- The report provides a forecast of market drivers, restraints, and future opportunities for the Blockchain AI market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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