Metaverse Market
Blockchain AI is a distributed, decentralised, immutable ledger that is used to store encrypted data. Data analytics and decision making are made possible by artificial intelligence. Blockchains improve machine learning capabilities and allow AI to generate and trade financial products. It provides safe data storage and sharing.
To generate value, blockchain AI is integrated with data analysis and insight generation. The growing desire for data monetisation as it enables blockchain and AI technologies for smaller businesses is projected to drive demand for blockchain AI. Furthermore, the growing use of cloud-based technologies and the Internet of Things (IoT) is opening up new opportunities for blockchain AI solution providers.
Blockchain AI improves data security, boosts trust in robotic decisions, aids in group decision-making, and decentralises intelligence. It offers a decentralised and scalable environment for diverse platforms, applications, and devices, as well as allowing connected devices to improve security and operational efficiency in ecosystems.
The global blockchain AI industry has been segmented based on technology, component, applications, deployment mode, organisation size, and vertical.
- Based on technology, the global blockchain AI market has been segmented into machine learning, natural language processing, context-aware computing, and computer vision.
- Based on components, the global blockchain AI market has been segmented into platform, tools and services. The service segment is subdivided into consulting, system integration and deployment, and support and maintenance.
- Based on applications, the global blockchain AI market has been segmented into smart contracts, payment and settlement, data security, data sharing/communication, asset tracking and management, logistics and supply chain management, business process optimisation, and others.
- Based on deployment mode, the global blockchain AI market has been segmented into cloud and on-premise.
- Based on organisation size, the global blockchain AI market has been segmented into large enterprises and SMEs.
- Based on vertical, the global blockchain AI market has been segmented into BFSI, telecom & IT, healthcare & life science, manufacturing, media & entertainment, automotive, and others.
North America dominated the worldwide blockchain AI market, followed by the Asia Pacific and Europe; this dominance is likely to continue till the end of the review period. North America is an important market for blockchain and augmented reality technologies. The highest market share was captured by the United States, followed by Canada and Mexico. The United States has a significant market share in North America due to critical enterprises like Figure Technologies, AlphaNetworks, and Ai-Blockchain making a name for themselves in the region.
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