Press release
Blockchain AI Market is Projected to Secure US$ 2.8 Bn while Exhibiting a CAGR 22.9% through 2032 | FMI
Blockchain AI Market
Data monetization would ease the access of AI and advanced blockchain to developing enterprises. Besides, ongoing development in AI, IoT, and big data technologies are other salient factors developing the market in the coming time. In addition, the growing demand for the combination of blockchain and AI-based natural language processing among renowned and established entities has been recognized as the most significant emerging opportunity in the market.
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On the contrary, a lack of expertise in the field is expected to hinder the market expansion in the coming time. In addition to it, lack of awareness, poor funding, and inadequate investments are other factors projected to hamper the industry growth in the forecast period.
Key Takeaways
The global blockchain AI market estimated at USD 285.7 Mn in 2021
The global blockchain AI market to secure USD 2.8 Bn in 2032
The projected growth rate of the global blockchain AI market is 22.9%
The platform segment to flourish at 21.3%
The cloud segment to record 20.6%
The U.S market to garner USD 917.7 Mn recording a 22.2% growth rate
China to procure USD 208.2 Mn market value, exhibiting a 22.1% CAGR
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Competitive Analysis
Key players in the global blockchain AI market include Alpha Networks, BurstIQ, NeuroChain Tech, Cyware, and Core Scientific among others. Key developments among players include:
In September 2020, BurstIQ disclosed a strategic partnership with Tech Mahindra to provide an identity management platform, identity data management (IDM), and provider data management (PDM).
In August 2020, BurstIQ, LLC launched its developer kit, called BustChain User Interface (UI) Software Developer Kit (SDK). The set allows enterprises to efficiently deploy and create solutions and services on the BurstIQ Platform.
In May 2021, Figure Technologies Inc., raised USD 200 Mn in series D funding at a USD 3.2 Bn valuation. The investment will leverage blockchain to reinvent the financial services sector.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global blockchain AI market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
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Key Segments Covered in the Blockchain AI Market Report
By Component:
Blockchain AI Services
Blockchain AI Platform/Tools
By Deployment Mode:
Cloud -based Blockchain AI
On-premises Blockchain AI
By Organization Size:
Blockchain AI for Large Enterprises
Blockchain AI for SMEs
By Technology:
ML-based Blockchain AI
NLP-based Blockchain AI
Context-Aware Computing-based Blockchain AI
Computer Vision-based Blockchain AI
By Vertical:
Blockchain AI for Telecom and IT
Blockchain AI for BFSI
Blockchain AI for Healthcare and Life Sciences
Blockchain AI for Manufacturing
Blockchain AI for Media and Entertainment
Blockchain AI for Automotive
Blockchain AI for Other Verticals
By Application:
Blockchain AI for Smart Contracts
Blockchain AI for Payment and Settlement
Blockchain AI for Data Security
Blockchain AI for Data Sharing/Communication
Blockchain AI for Asset Tracking and Management
Blockchain AI for Logistics and Supply Chain Management
Blockchain AI for Business Process Optimization
Blockchain AI for Other Applications
By Region:
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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