The global blockchain AI market is anticipated to grow at a substantial CAGR of 24% during the forecast period. The growing investments in AI and blockchain technology are boosting the growth of the market over the forecast period. For instance, in October 2021, Binance Smart Chain, a unit of crypto exchange Binance, it had launched a $1 billion fund to fast-track the adoption of digital assets and blockchain technology. A total of $500 million from the fund will be reserved for investments to help grow decentralized computing, gaming, metaverse, virtual reality, artificial intelligence, and blockchain-based financial services.
The global blockchain AI market is segmented based on the component, deployment model, technology, application, and end-user. Based on the component, the market is divided into solutions and services. Based on the deployment model, the market is bifurcated into the on-premises and cloud. Based on the technology, the market is sub-segmented into ML, NLP, computer vision, and others. Based on the application, the market is further segmented into payment & settlement, data security, data sharing & communications, asset tracking & management, logistics & supply chain management, and others. Based on the end-user, the market is augmented into the BFSI, IT & Telecom, automotive, manufacturing, healthcare, and others. The above-mentioned segments can be customized as per the requirements. Among the technology segment, the ML segment is expected to hold a significant share in the market over the forecast period. Companies rushing money into developing ML strategies are anticipating redefining their business by embracing automation. The rising need for data science and analytics will push businesses to deploy and adopt advanced technologies such as ML and artificial intelligence.
Geographically the global blockchain AI market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North American region is expected to hold a considerable share in the market over the forecast period. The increasing number of investments in technologies such as AI and ML and growing players across the US and Canada are fueling the growth of the market. According to the US Department of States, as of FY2019, the country has increased its spending on AI by 50% to $1 billion yearly compared to FY2018.
The major companies serving the global blockchain AI market include Alpha Networks, Inc., BurstIQ, LLC, Core scientific, Inc., Netobjex, Inc., NeuroChain tech, Stowk, Inc., Verisart Inc. Vytalyx, Inc., Wealth block Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2021, Melax Tech, an AI-powered software provider of natural language processing (NLP) technology, announced the launch of Mercury NLP. The new software provides clinical NLP pipelines to extract relevant unstructured textual medical data to facilitate quantitative analytics in the medical field and pharmaceutical industry, among others. Mercury NLP allows easy and rapid access to text data from a variety of formats, and the software can be run in both a HIPAA-compliant cloud environment and as on-premise software.
The global blockchain AI market is segmented based on the component, deployment model, technology, application, and end-user. Based on the component, the market is divided into solutions and services. Based on the deployment model, the market is bifurcated into the on-premises and cloud. Based on the technology, the market is sub-segmented into ML, NLP, computer vision, and others. Based on the application, the market is further segmented into payment & settlement, data security, data sharing & communications, asset tracking & management, logistics & supply chain management, and others. Based on the end-user, the market is augmented into the BFSI, IT & Telecom, automotive, manufacturing, healthcare, and others. The above-mentioned segments can be customized as per the requirements. Among the technology segment, the ML segment is expected to hold a significant share in the market over the forecast period. Companies rushing money into developing ML strategies are anticipating redefining their business by embracing automation. The rising need for data science and analytics will push businesses to deploy and adopt advanced technologies such as ML and artificial intelligence.
Geographically the global blockchain AI market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North American region is expected to hold a considerable share in the market over the forecast period. The increasing number of investments in technologies such as AI and ML and growing players across the US and Canada are fueling the growth of the market. According to the US Department of States, as of FY2019, the country has increased its spending on AI by 50% to $1 billion yearly compared to FY2018.
The major companies serving the global blockchain AI market include Alpha Networks, Inc., BurstIQ, LLC, Core scientific, Inc., Netobjex, Inc., NeuroChain tech, Stowk, Inc., Verisart Inc. Vytalyx, Inc., Wealth block Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2021, Melax Tech, an AI-powered software provider of natural language processing (NLP) technology, announced the launch of Mercury NLP. The new software provides clinical NLP pipelines to extract relevant unstructured textual medical data to facilitate quantitative analytics in the medical field and pharmaceutical industry, among others. Mercury NLP allows easy and rapid access to text data from a variety of formats, and the software can be run in both a HIPAA-compliant cloud environment and as on-premise software.
Research Methodology
The market study of the global blockchain AI market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The publisher's team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the publisher's analysts to derive the closest possible figures without any major deviations in the actual number. the publisher's analystss try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research papers, and news blogs.
- Company websites and their product catalog.
Market Segmentation
- Global Blockchain AI Market Research and Analysis by Component.
- Global Blockchain AI Market Research and Analysis by Deployment Model.
- Global Blockchain AI Market Research and Analysis by Technology.
- Global Blockchain AI Market Research and Analysis by Application.
- Global Blockchain AI Market Research and Analysis by End-User.
The Report Covers
- Comprehensive research methodology of the global blockchain AI market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global blockchain AI market.
- Insights about market determinants that are stimulating the global blockchain AI market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Segmentation
5. Regional Analysis
6. Company Profiles
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Aib Fund, Inc.
- Alpha Networks, Inc.
- Bext360
- Blackbird.Ai (Socialtrendly, Inc.)
- Burstiq, LLC
- Chainhaus, Inc.
- Core Scientific, Inc.
- Cyware Labs, Inc.
- Fetch.Ai Ltd.
- Figure Technologies, Inc.
- Gainfy Healthcare Network
- Hannah Systems
- Netobjex, Inc.
- Neurochain Tech
- Singularitynet
- Stowk, Inc.
- Talla, Inc.
- Verisart Inc.
- Via Science, Inc.
- Vytalyx, Inc.
- Wealthblock Inc.
- Workdone
