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Global Blockchain AI Market Expected To Witness Exponential Growth By 2031
Blockchain AI Market
The regions covered in the blockchain AI market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Among these regions, North America accounts for the largest blockchain AI market share.
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The blockchain AI market consists of sales of blockchain AI technology and related services by entities (organizations, sole traders and partnerships) that provide blockchain and AI technology. Block chain 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. Artificial intelligence (AI) refers to the simulation of human intelligence in machines which are programmed so that machines can think like humans and mimic their actions. Blockchain AI convergence is inevitable because both the technology with data and value. Blockchain enables secure storage and sharing of data whereas AI can analyze and generate insights from data to generate value.
Key competitors in the blockchain AI market include CommScope, Nexans SA, Legrand, Corning Inc, Belden Inc, Schneider Electric, Siemon, Panduit Corp, Furukawa Electric, ABB Group, TE Connectivity, Superior Essex, R&M, Hitachi Cable, Teknon Corporation, Brand-Rex, Paige Electric, Datwyler Cabling Solutions AG, Connectix Ltd, Electra Link Inc, VIA Technology, Network Cabling Services, Desert Communications, Xin Networks, Synergy Solution, AFL, Intelligent Business Technology, Black Box Network Services, Vega Global, Broadcom Inc and Sterlite Technologies.
The global blockchain AI market size is expected to grow from $297.62 million in 2021 to $384.44 million in 2022 at a compound annual growth rate (CAGR) of 29.2%. The change in the blockchain AI market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $934.45 million in 2026 at a CAGR of 24.9%.
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TBRC's report segments the global blockchain AI market:
1) By Technology: Computer Vision, Machine Learning (ML), Natural Language Processing (NLP), Others
2) By Vertical: BFSI, Telecom and IT, Healthcare and Life Science, Manufacturing, Media and Environment, Automotive, Others
3) By Application: Smart Contract, Payment, Data Security, Logistics and Supply Chain Management, Business Process Optimization, Others
Read Further On The Blockchain AI Market Here:
https://www.thebusinessresearchcompany.com/report/blockchain-ai-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Blockchain AI Market Characteristics
3. Blockchain AI Market Trends And Strategies
4. Impact Of COVID-19 On Blockchain AI
5. Blockchain AI Market Size And Growth
.....
27. Blockchain AI Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Blockchain AI Market
29. Blockchain AI Market Future Outlook and Potential Analysis
30. Appendix
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