Global Blockchain AI Market Overview And Prospects

November 19, 2021 by The Business Research Company

Learn about the global blockchain AI market through The Business Research Company, which provides information on blockchain AI market size, blockchain AI market drivers and restraints, blockchain AI market players, the COVID-19 impact on the blockchain AI market, and more.

The global blockchain AI market is expected to grow from $232.09 million in 2020 to $297.62 million in 2021 at a compound annual growth rate (CAGR) of 28.23%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $748.8 million in 2025 at a CAGR of 25.93%.

The growing demand for accessing and managing data efficiently is expected to drive innovation in blockchain AI, thus driving the market during the forecast period.

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The blockchain AI market consists of sales of blockchain AI technology and related services by entities (organizations, sole traders and partnerships) that provide blockchain and AI technology. Blockchain is a decentralized network of computers that records and stores data to display a chronological series of events on a transparent and immutable ledger system. Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are programmed so that machines can think like humans and mimic their actions. Blockchain AI convergence is inevitable because of both the technology with data and value. Blockchain enables secure storage and sharing of data whereas AI can analyze and generate insights from data to generate value.

Global blockchain AI market segments include:

By Technology: Computer Vision, Machine Learning (ML), Natural Language Processing (NLP), Others

By Vertical: BFSI, Telecom & IT, Healthcare And Life Science, Manufacturing, Media & Environment, Automotive, Others

By Application: Smart Contract, Payment, Data Security, Logistics And Supply Chain Management, Business Process Optimization, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the blockchain AI market in 2020.

Growing investment in blockchain AI technology by enterprises is considered an emerging trend in the blockchain AI market. Artificial Intelligence refers to the machine that performs intelligent tasks performed by humans. Blockchain is a decentralized network of computers that records and stores data to display a chronological series of events on a transparent and immutable ledger system. The development of artificial intelligence applied to big data together with the security offered by blockchain technology creates the perfect combination for the management of large databases. Blockchain technology, in particular, has shown immense potential when coupled with machine learning functionality.

TBRC’s blockchain AI market report covers:

Major Market Players: Cyware Labs, Core Scientific, Ai-Blockchain, AlphaNetworks, Bext360, BurstIQ, Neurochain Tech, Figure Technologies, NetObjex, Fetch.AI, Chainhaus, CoinGenius, and Computable.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Blockchain AI Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides blockchain AI market overviews, analyzes and forecasts market size, share, blockchain AI market players, blockchain AI market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s blockchain AI market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here is a list of similar reports from The Business Research Company:

Blockchain Global Market Repot 2021

Artificial Intelligence Global Market Report 2021

Blockchain Services Global Market Report 2021

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