During the projection period, the worldwide blockchain AI market is anticipated to reach US$ 2.8 billion, growing at a 22.9% CAGR. In 2022 and 2032, respectively, the market is anticipated to reach US$ 285.7 and US$ 358 million. The market’s expansion can be ascribed to the growing monetization of customer data through the use of blockchain technology.
Data monetization would make powerful blockchain and AI more accessible to developing businesses. In addition, continuous advancements in big data, IoT, and AI technologies are important trends shaping the industry going forward. Additionally, the most important new market opportunity has been identified as the rising need for the integration of blockchain and AI-based natural language processing among well-known and established companies.
On the other hand, a lack of industry knowledge is anticipated to impede market progress in the future. In addition, it is anticipated that a lack of awareness, poor funding, and insufficient investments will restrain industry expansion during the forecast period.
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Key Takeaways
- The global blockchain AI market was estimated at USD 285.7 Million in 2021
- The global blockchain AI market to secure USD 2.8 Billion 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 a record 20.6%
- The U.S market to garner USD 917.7 Million recording a 22.2% growth rate
- China to procure USD 208.2 Million market value, exhibiting a 22.1% CAGR
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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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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