The Blockchain AI Market is expected to grow from USD 228 million in 2020 to USD 785.7 million by 2026 at a CAGR of 20.71% from 2020 to 2026.
Blockchain and artificial intelligence both are advanced technologies which are in trend these days. Scientists are experimenting to integrate both the technologies to bring an enormous change in the market. Blockchain is the decentralized ledger utilized to record encrypted data, on the other hand artificial intelligence works as the brain to take decisions based on the data gathered. Furthermore, the emergence of machine learning and AI into blockchain is projected to help computers handle the data in various ways owing to which the possibilities of getting positive results increase. The escalating demand for accessing and handling data efficiently is responsible for the growth of the blockchain AI market. Presently, most of the work has been digitalized and is often stored on the cloud, which is accessed and handled by blockchain AI. Blockchain AI convergence is unpreventable because both the technology deals with data and value. Blockchain facilitates secure storage and sharing of data on the other hand, artificial intelligence can analyze and produce insights from data to generate value. For instance, Gainify is a healthcare platform which leverages AI, IoT devices, and blockchain and enables various tasks such as streamlining appointment scheduling, identity verification, digital payments, medical records management and others. It also enables monetization of unknown clinical data through a crypto payment system. The advantages of the deployment of blockchain AI in the process surged its demand and thereby contributed to the blockchain AI market growth. Apart from this, the inadequate blockchain AI expert will limit the market growth.
Moreover, the rising investment in blockchain AI technology by enterprises is regarded as an emerging trend in the blockchain AI market. In addition business processes such as logistics and supply chain management and payment & settlements are inclined towards the deployment of the new technology. Supply chain management captures the lead over the others as the leading players are incurred in developing blockchain AI interface which is projected to help in managing several complicated supply chain management system. The growth in application of blockchain AI solutions by several enterprise leads to the growth of the blockchain AI market. Moreover, increase in the acceptance of cloud-based security solutions and increasing number of partnerships and acquisitions in the blockchain AI market will create lucrative opportunities for the market growth.
The global Blockchain AI Market is segregated on the basis of Component as Software and Services. Based on Deployment Model the global Blockchain AI Market is segmented in On-premises and Cloud. Based on Enterprise Size the global Blockchain AI Market is segmented in Large Enterprises and Small & Medium Enterprises. Based on Application the global Blockchain AI Market is segmented in Payment & Settlement, Data Security, Data Sharing & Communications, Asset Tracking & Management and Others. Based on End User the global Blockchain AI Market is segmented in BFSI, IT & Telecom, Manufacturing, Healthcare and Others.
The global Blockchain AI Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Blockchain AI Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
NetObjex, Fetch.ai, Ai-Blockchain, Figure Technologies, LiveEdu and others are among the major players in the global Blockchain AI Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Blockchain AI Market has been segmented as below:
Blockchain AI Market, By Component
Blockchain AI Market, By Deployment Model
Blockchain AI Market, By Enterprise Size
Blockchain AI Market, By Application
Blockchain AI Market, By End User
Blockchain AI Market, By Region
Blockchain AI Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Blockchain AI Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Blockchain AI Market share. Major industry players with significant revenue share include NetObjex, Fetch.ai, Ai-Blockchain, Figure Technologies, LiveEdu and others.
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Report Content
1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Blockchain AI Market, By Component
5.1. Key Points
5.2. Software
5.3. Services
6. Blockchain AI Market, By Deployment Model
6.1. Key Points
6.2. On-premises
6.3. Cloud
7. Blockchain AI Market, By Enterprise Size
7.1. Key Points
7.2. Large Enterprises
7.3. Small & Medium Enterprises
8. Blockchain AI Market, By Application
8.1. Key Points
8.2. Payment & Settlement
8.3. Data Security
8.4. Data Sharing & Communications
8.5. Asset Tracking & Management
8.6. Others
9. Blockchain AI Market, By End User
9.1. Key Points
9.2. BFSI
9.3. IT & Telecom
9.4. Manufacturing
9.5. Healthcare
9.6. Others
10. Competitive Landscape
10.1. Introduction
10.2. Start-up companies- Blockchain AI Market
10.3. Recent Developments
10.3.1. Mergers & Acquisitions
10.3.2. New Product Developments
10.3.3. Portfolio/Production Capacity Expansions
10.3.4.Joint Ventures, Collaborations, Partnerships & Agreements
10.3.5. Others
11. Company Profile
11.1. NetObjex
11.2. Fetch.ai
11.3. Ai-Blockchain
11.4. Figure Technologies
11.5. LiveEdu
11.6. Cyware Labs
11.7. Core Scientific
11.8. AlphaNetworks
11.9. Bext360
11.10. Blackbird.AI
11.11. SingularityNET
11.12. Synapse AI
11.13. Talla
11.14. Verisart
11.15. VIA
11.16. Vytalyx
11.17. BurstIQ
11.18. Chainhaus
11.19. CoinGenius
11.20. Wealthblock.AI
11.21. Numerai
11.22. Computable
11.23. Finalze
11.24. Neurochain Tech
Blockchain AI Market, By Component
Blockchain AI Market, By Deployment Model
Blockchain AI Market, By Enterprise Size
Blockchain AI Market, By Application
Blockchain AI Market, By End User