Blockchain AI Market Status, Growth Opportunities, Top Key Players, Target Audience and Forecast to 2030
Overview
The
global blockchain AI market is
expected to reach USD 785.8 million by 2026, registering a CAGR of 20.71%
during the forecast period. In this report, Market Research Future (MRFR)
includes the segmentation and dynamics of the market to offer a better glimpse
into the coming years
The
global blockchain AI market has been segmented based on technology, component,
applications, deployment mode, organization size, vertical, and region
Based
on technology, the blockchain AI market has been segmented into machine
learning, natural language processing, context-aware computing, and computer
vision. The machine learning segment accounted for the largest market share and
is expected to hold the highest CAGR during the forecast period. The machine
learning segment extracts meaningful insights from raw data to solve complex,
data-rich business problems quickly. Additionally, it helps improve the
efficiency of logistics and transportation networks.
Based
on component, the blockchain AI market has been segmented into platform/tools
and services. The service segment held the larger market share of the global
blockchain AI market and is also expected to witness a higher CAGR during the
forecast period. The service segment is further divided into consulting, system
integration and deployment, and support and maintenance. It deploys, executes,
and maintains the blockchain AI platform in an organization.
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Based
on applications, the 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 optimization, and other. The data security segment is expected to
dominate the market over the forecast period as it offers enhanced operational
efficiency and ensures a more secure environment. The data security segment
enhanced security and quick and transparent operations.
Based
on deployment mode, the blockchain AI market has been segmented into cloud and
on-premises. The cloud segment is expected to register the largest market share
during the forecast period as it assists in secure data storage and offers
remote access to any work-related data.
Based
on organization size, the blockchain AI market has been segmented into large
enterprises and SMEs. The SMEs segment is projected to register a faster growth
rate over the forecast period. SMEs are adopting solutions powered by blockchain
and AI as they allow businesses to access high-quality data and insights at a
low cost.
Based
on vertical, the blockchain AI market has been segmented into BFSI, telecom and
IT, healthcare and life science, manufacturing, media and entertainment, automotive,
and other. The BFSI vertical segment is expected to witness the highest CAGR
during the forecast period. Financial service providers are using blockchain-AI
technology, which helps secure transactions for customers.
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Competitive Analysis
The
key players of the global blockchain AI market are Figure Technologies (US),
Cyware Labs (US), Core Scientific (US), NetObjex (US), Fetch.ai (UK),
Ai-Blockchain (US), AlphaNetworks (US), Bext360 (US), Blackbird.AI (US),
BurstIQ (US), Chainhaus (US), CoinGenius (US), Computable (US), Finalze (US),
Gainfy (US), Hannah Systems (US), LiveEdu (UK), Mobs (US), Neurochain Tech
(France), Numerai (US), SingularityNET (The Netherlands), Stowk (US), Synapse
AI (US), Talla (US), Verisart (US), VIA (US), Vytalyx (US), Wealthblock.AI
(US), and Workdone (US).
Regional Analysis
The
regional analysis for the global blockchain AI market has been done for North
America, Europe, Asia-Pacific, and the Middle East & Africa, and South
America. The market in North America accounted for the largest market share in
2019, and it is expected to register strong growth during the forecast period.
The market in Asia-Pacific is expected to register the highest CAGR during the
forecast period. This growth can be attributed to the growing adoption of
blockchain-AI technology among the various verticals.
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