Enhanced Process Benefits Drive Demand and Propel Growth of Blockchain AI Market - Cyware Labs, Core Scientific, Ai-Blockchain, AlphaNetworks

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Blockchain AI Global Market Report 2023 identifies the growing demand for accessing and managing data efficiently is the major driver for the blockchain AI market's growth in the forecast period. Currently, most of the work has become digitalized and is mostly stored on the cloud, which is accessed and managed by blockchain AI. Blockchain AI convergence is inevitable because both the technology deal with data and value. Blockchain enables secure storage and sharing of data whereas AI can analyze and generate insights from data to generate value. For instance, Gainify is a healthcare platform that leverages AI, IoT devices, and blockchain and facilitates different tasks such as streamlining appointment scheduling, digital payments, identity verification, medical records management and others. It also allows the monetization of anonymous clinical data through a crypto payment system.

The global blockchain AI market size will grow from $0.39 billion in 2022 to $0.48 billion in 2023 at a compound annual growth rate (CAGR) of 25.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the blockchain AI is expected to grow to $1.18 billion in 2027 at a CAGR of 25.2%.

Download Free Sample Of Blockchain AI Market Report - https://www.thebusinessresearchcompany.com/sample_request?id=4027&type=smp

Major competitors in the blockchain AI market are Cyware Labs, Core Scientific, Ai-Blockchain, AlphaNetworks, Bext360, BurstIQ, Neurochain Tech, Figure Technologies, NetObjex, Fetch.ai, Chainhaus, CoinGenius, and Computable.

A key trend in the blockchain AI market includes growing investment in Blockchain AI technology by enterprises. Artificial Intelligence refers to a 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. According to the report published by USM Systems in 2021, a US-based provider of technology solutions and services, More than 60% of manufacturing businesses are utilizing AI to improve productivity and other business operations.

Read More On The Global Blockchain AI Market Report Here: https://www.thebusinessresearchcompany.com/report/blockchain-ai-global-market-report

The blockchain AI market is segmented -

1) By Technology: Computer Vision, Machine Learning (ML), Natural Language Processing (NLP), Other Technologies

2) By Vertical: BFSI, Telecom & IT, Healthcare and Life science, Manufacturing, Media & Environment, Automotive, Other Verticals

3) By Application: Smart Contract, Payment, Data Security, Logistics and supply chain management, Business process optimization, Other Applications.

4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the blockchain AI market.

The Business Research Company's "Global Blockchain AI Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

Explore Buying Options For The Blockchain AI Market Report Here: https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=4027

The Table Of Content For The Blockchain AI Market Include:
1. Executive Summary
2. Blockchain AI Market Characteristic
3. Blockchain AI Market Trends And Strategies
4. Blockchain AI Market - Macro Economic Scenario
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

Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

This release was published on openPR.