Blockchain AI Market Size Worth USD 1,125.9 Million by 2027, Including SWOT Analysis, PESTELE Analysis, Drivers, Restraints, Global Industry Outlook

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An increase in applications of supply chain management incorporated with blockchain AI technology and decline in the operational cost are estimated to drive the market during the forecast period. Market Size – USD 180.7 Million in 2019, Market Growth – at a CAGR of 25.6%, Market trends –Advancements in technology

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.

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The market for Blockchain AI is fairly consolidated, with a few small- as well as medium-sized manufacturers accounting for a major share of the global market. Manufacturers operating in the market are desegregated across the value chain. Key companies operating in the market are well-equipped with large manufacturing facilities and they are also engaged in various research and development activities

Key market participants include Alpha Networks, AI-Blockchain, BurstIQ, LLC, Bext360, Core Scientific, CoinGenius, Fetch.ai, Cyware Labs, Finalze, Inc., and Neurochain Tech.

The study finds that how on certain account threats and challenges can act as a roadblock for the business. A thorough evaluation of the Blockchain AI market in the light of macro-environment such as social, political, economical as well as technological environment add granularity to the overall research. In addition, the study produces real-time data on vital aspects including sales, profits, gross margin and growth prospects to show how going forward the business will witness a substantial upswing.

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
      1. Consulting
      2. System Integration & Deployment
      3. 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
  • 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

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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.

Understanding the Blockchain AI market size

The size of the Blockchain AI market is viewed in terms of the Share of Market, Total Available Market as well as Served Available Market. Not only does the study present the combined revenue for a particular market but also the market size for a specific geographic region. Analysis of percentage or the size of the Total Available Market based on the type of product, technology, regional constraints and others form an important part of the Blockchain AI report.

How geography and sales fit together

The study works as a boon for all business owners trying to identify the exact size of the target audience in a specific geographic location. Blockchain AI enables entrepreneurs to determine the regional market for their business expansion. The study answers the questions below:

• Where do the requirements come from?

• Where do non-potential customers reside?

• What is the buying behaviour of the customers dwelling in a particular area?

• What is the spending power of the customers in a specific region?

Regional Outlook (Revenue, USD Billion; 2017–2027)

  • North America
    1. U.S.
    2. Canada
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

Read More: https://www.emergenresearch.com/industry-report/blockchain-ai-market

 

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