Blockchain AI Market to Observe Strong Development by 2031 | IBM, AlphaNetworks, Bext360, Blackbird.AI, BurstIQ

New York, According to a new market research report published by Global Insight Services Blockchain AI Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Blockchain AI is a new type of AI that uses blockchain technology to store and manage data. With blockchain AI, data is stored in a decentralized way, making it more secure and efficient. Blockchain AI also allows for more transparency and accountability, as all data is stored on a public ledger.

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Key Trends

There are three key trends in blockchain AI technology:

1. Decentralized data storage: Blockchain can be used to store data in a decentralized manner, which can help to improve data security and privacy.

2. AI-powered smart contracts: Smart contracts can be used to automate transactions and enforce agreements between parties. AI can be used to help create and manage these smart contracts.

3. Decentralized AI applications: AI applications can be built on top of a blockchain platform, which can help to improve their security and privacy.

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Key Drivers

There are a few key drivers of the Blockchain AI market. Firstly, the increasing adoption of blockchain technology in various industries is driving the market growth. Blockchain is being used in a wide range of industries such as healthcare, supply chain, banking, and others. This is because of the various advantages offered by blockchain such as transparency, immutability, and security.

Secondly, the increasing use of artificial intelligence in various applications is also driving the market growth. AI is being used in various applications such as chatbots, predictive analytics, and others. This is because AI offers various benefits such as increased accuracy, efficiency, and others.

Thirdly, the increasing investment by venture capitalists in blockchain AI startups is also driving the market growth. This is because the venture capitalists are investing in blockchain AI startups to get a return on their investment.

Lastly, the increasing partnerships between blockchain and AI companies is also driving the market growth. This is because the partnerships help the companies to share their resources and expertise to develop innovative solutions.

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Market Segments
By Component
Software
Services

By Application

Payment & Settlement
Data Security
Data Sharing & Communications
Asset Tracking & Management
Others

Key Players

The Blockchain in Retail Market report includes players such as Figure Technologies, Cyware Labs, Bitfury Group Limited, NetObjex, Fetch.ai, IBM, AlphaNetworks, Bext360, Blackbird.AI, BurstIQ and Chainhaus.

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Reasons to buy Blockchain AI Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

This release was published on openPR.