Global Blockchain AI Market Trends And Strategies Of Major Players In The Blockchain AI Market 2021-2030
14 Dec, 2021
Global Blockchain AI Market Size And Drivers:
The global blockchain AI market is expected to grow from $232.09 million in 2020 to $297.62 million in 2021 at a compound annual growth rate (CAGR) of 28.23%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $748.80 million in 2025 at a CAGR of 25.93%. The growing demand for accessing and managing data efficiently contributed to the growth of the blockchain AI market.
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Trends In The Global Blockchain AI Market
Growing investment in blockchain AI technology by enterprises is considered an emerging trend in the blockchain AI market. Artificial Intelligence refers to the machine that performs intelligent tasks performed by humans. Blockchain is a decentralized network of computers that records and stores data to display a chronological series of events on a transparent and immutable ledger system. The development of artificial intelligence applied to big data together with the security offered by blockchain technology creates the perfect combination for the management of large databases. Blockchain technology, in particular, has shown immense potential when coupled with machine learning functionality. Most companies that were experimenting with using AI are now going ahead and adopting it in their processes. Therefore, investing in blockchain technology by business enterprises plays a major role in the success of the businesses.
Global Blockchain AI Market Segments:
The global blockchain AI market is further segmented –
By Technology: Computer Vision, Machine Learning (ML), Natural Language Processing (NLP), Others
By Vertical: BFSI, Telecom & IT, Healthcare And Life Science, Manufacturing, Media & Environment, Automotive, Others
By Application: Smart Contract, Payment, Data Security, Logistics And Supply Chain Management, Business Process Optimization, Others
By Geography: The global blockchain AI market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Blockchain AI Market At:
https://www.thebusinessresearchcompany.com/report/blockchain-ai-global-market-reportBlockchain AI Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides blockchain AI market overviews, analyzes and forecasts market size and growth for the global blockchain AI market, blockchain AI market share, blockchain AI market players, blockchain AI market segments and geographies, blockchain AI market’s leading competitors’ revenues, profiles and market shares. The blockchain AI market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.