April 4, 2020

AI And Blockchain Cloud Services Market | Key Players are Synapse AI, CoinGenius, NetObjex, Cyware Labs, VIA, Chainhaus, Verisart, Inc., Finalze, Inc., Wealthblock.AI, etc.

According to a new market research report published by Credence Research, the global AI and blockchain cloud services market is set to grow by more than 25% over the forecast period 2019 to 2027.

Market Insights

The global market for AI and blockchain cloud services is driven by an increasing amount of data generated in different sectors and an increasing demand for innovative data analytics tools and technologies. As the big data market is experiencing a significant boom, demand for AI and blockchain-based tools is expected to increase. Based on this, around 97% of companies are investing in big data and AI. In addition to the growing dominance of the Internet and the increasing adoption of cloud-based applications and services, and the increasing demand for virtual assistance, it is also contributing to the growing market for AI and blockchain cloud services. Moreover, large number of companies are entering the AI and blockchain cloud services market based on the growth potential in the industry.

Browse the full report at https://www.credenceresearch.com/report/ai-and-blockchain-cloud-services-market

Though this is a lucrative market segment, factors such as data security concerns, and limited presence of AI and blockchain experts are impacting the adoption of AI and blockchain cloud services across the globe. Moreover, high investment and regulatory uncertainty is also having a negative impact on the market. These factors are expected to restrain the market growth during the forecast period.

Based on Application, the financial sector segment is dominating the market by contributing around 35% of the total revenue generated worldwide. As financial institutions deal with large amount of data with respect to finances, medical records, and personal recommendations, it is essential for the firms to utilize more secure and reliable technologies. This has primarily contributed to the high market share of this segment in the AI and blockchain cloud services market. Based on the geography, North America dominated the global AI and blockchain cloud services market by holding a market share of nearly 40% to the total revenue generated. This high market share is mainly attributed towards factors such as presence of major technology providers in this region, high investments of players operating in this market, and high adoption rate of advanced technologies in various industrial sectors. Europe holds second position in the market, however Asia-Pacific is expected to show a rapid growth during the forecast period. As large number of companies are inclined to invest in emerging Asian countries, this region is experiencing a significant technological boom. Also, large number of start-ups are opening up in this region which largely contributes to the growth of this market in Asia-Pacific region.

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/59760

Some of the prominent players operating in the AI and Blockchain Cloud Services market include Synapse AI, CoinGenius, NetObjex, Cyware Labs, VIA, Chainhaus, Verisart, Inc., Finalze, Inc., Wealthblock.AI, AlphaNetworks, Figure Technologies, Boxspring Media, among others.

Report Scope by Segments

By Application Segment

  • Financial Sector
  • Consumer or Industrial Products
  • Healthcare
  • Technology, Media, and Telecom
  • Transportation
  • Public Sector

By Geography Segment

  • North America (U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (Middle East & Africa, Latin America)

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/59760

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