Blockchain AI Market Research Report 2022 - 2032

The global blockchain AI market is expected to secure US$ 2.8 Billion while exhibiting a 22.9% growth rate during the forecast period. The market is estimated at USD 285.7 Mn in 2021 and USD 358 Mn in 2022. The growth of the market can be attributed to the increasing monetization of customer data with the application of blockchain.  

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.  

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  

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. 

The study reveals essential insights on the basis of Component (Services, Platform/Tools), Deployment Mode (Cloud, On-premises), Organization Size (Large Enterprises, SMEs), Technology (ML, NLP, Context-Aware Computing, Computer Vision), Vertical (Telecom and IT, BFSI, Healthcare, and Life Sciences, Manufacturing, Media and Entertainment, Automotive, Others), Application (Smart Contracts, Payment and Settlement, Data Security, Data Sharing/Communication, Asset Tracking and Management, Logistics and Supply Chain Management, Business Process Optimization, Others) & Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America) 

Read More - https://www.futuremarketinsights.com/reports/blockchain-ai-market