Press release
Blockchain AI Market -Industry Size, Share, Global Growth, Technology Trends, Application, Software and Business Overview
Global blockchain artificial intelligence (AI) market will reach $2,905.2 million by 2030, growing by 27.2% annually over 2020-2030.The market is projected to expand due to the growing adoption of AI-based blockchain platforms and services by small and medium-sized businesses (SMEs) to create blockchain applications including payment systems, smart contracts, and others. Additionally, elements like the development of cryptocurrencies are boosting blockchain AI-based platforms' popularity and awareness among businesses.
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COVID-19 IMPACT Rising COVID-19 Crisis Demand for Innovative Blockchain AI-based Solutions to Speed Up Market Growth
The present coronavirus outbreak is posing a short-term challenge to the expansion of the blockchain AI market and has impacted many facets of society, including businesses and individuals. In the middle of the COVID-19 pandemic, the blockchain and internet ecosystem have been instrumental in advancing digital transformation projects and activities. The internet is being used by sectors like healthcare and life sciences, BFSI, telecom and IT, and media and entertainment to offer customers blockchain-related services. Blockchain-based AI technology can be utilised for a variety of purposes, including recording donations, monitoring public health data, safeguarding medical supply chains, and crisis management. The Organization for Economic Co-operation and Development (OECD) predicts that in 2020, technology spending will decline by 8%, slowing the growth of the blockchain business.
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Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Platform & Tools
• Services
o Technology Advisory and Consulting
o Deployment and Integration
o Support and Maintenance
Based on Technology, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Machine Learning (ML)
o Deep Learning
o Generative Adversarial Networks
o Reinforcement Learning
o Supervised Learning
o Unsupervised Learning
• Natural Language Processing (NLP)
• Computer Vision
• Other Technologies
Based on Deployment, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Cloud-based Deployment
• On-Premises Deployment
Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Logistics and Supply Chain Management
• Asset Tracking and Management
• Business Process Optimization (BPO)
• Data Security
• Data Sharing/Communication
• Payment and Settlement
• Smart Contracts
• Other Applications
Based on Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Banking, Financial Services & Insurance
• Automotive & Transportation
• Healthcare & Life Sciences
• Manufacturing
• Media & Entertainment
• Telecommunications & IT
• Energy & Utilities
• Government
• Retail & E-commerce
• Other Verticals
Based on Organization Size, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Large Enterprises
• Small- and Medium-sized Enterprises (SMEs)
Company Profiles
Key Players (this may not be a complete list and extra companies can be added upon request):
• AI-Blockchain
• AlphaNetworks
• Bext Holdings Inc.
• Blackbird.AI
• BurstIQ, LLC
• CoinGenius
• Core Scientific, Inc.
• Cyware Labs Inc.
• Fetch.AI
• Figure Technologies
• Gainfy
• NetObjex, Inc.
• Neurochain Tech
• Stowk Inc
• Verisart, Inc.
• WealthBlock.AI, LLC
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