Blockchain AI Market : Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2022 - 2032

Tanmay45

42
views

Blockchain AI Market : Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2022 - 2032

The blockchain AI trade is estimated at USD 285.7 Million in 2021. The sale is expected to reach USD 358 Million in 2022. According to the analysis, the global blockchain AI market is anticipated to secure USD 2.8 Billion in 2032, while flourishing at a 22.9% CAGR from 2022 to 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.

Key Segments Covered in the Blockchain AI Market Report

By Component: