Dublin, Nov. 20, 2020 (GLOBE NEWSWIRE) -- The "Blockchain AI Market by Technology (ML & NLP), Component (Platform/Tools & Services), Deployment Mode, Organization Size, Application (Smart Contracts, Payments, & Asset Tracking), Vertical (BFSI, Automotive, & Media), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global blockchain AI market size is projected to grow from USD 228 Million in 2020 to USD 703 Million by 2025, at a CAGR of 25.3% during the Forecast Period.
By component, services segment to grow at a higher CAGR during the forecast period
The services segment includes various services required to deploy, execute, and maintain the blockchain AI platform in an organization. These services include technology advisory and consulting, system integration and deployment, and support and maintenance. As the blockchain AI platform's adoption increases, the demand for these services is expected to grow. The Infosys High Tech practice enables manufacturers, microprocessors, and system-on-chip products to achieve operational efficiencies by leveraging the synergies between AI and blockchain technologies. The services segment has witnessed tremendous growth in recent years. Therefore, the services segment registers the highest growth rate during the forecast period.
By application, the data security segment to register the highest growth rate during the forecast period
Merging AI with blockchain can not only increase operational efficiency but also ensures a more secure environment. AI helps users understand and analyze the voluminous data; however, there are chances of data hacking or leakage. The AI technology powered by blockchain provides a decentralized database that protects data related to AI, which results in enhanced security and quick and transparent operations. The rapid advancements in technologies have given organizations challenges that are related to data security. Hence, there is significant adoption of data security applications across the globe.
The Asia Pacific to register the highest growth rate during the forecast period
Asia Pacific (APAC) has witnessed an advanced and dynamic adoption of new technologies and is expected to record the highest CAGR in the global Blockchain AI market during the forecast period. APAC constitutes major economies, such as China, Japan, and Singapore, which are expected to register high growth rates in the Blockchain AI market. Industries such as financial institutions, healthcare & life sciences, telecom and IT, manufacturing, automotive, media, and entertainment are expected to adopt blockchain AI solutions at the region's highest rate. Companies operating in APAC would benefit from flexible economic conditions, industrialization-motivated policies, political transformation, and the growing digitalization, which is expected to impact the business community significantly.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Blockchain AI Market
4.2 Market, by Technology, 2020 Vs. 2025
4.3 Market, by Component, 2020 Vs. 2025
4.4 Market, by Service, 2020 Vs. 2025
4.5 Blockchain AI Market, by Deployment Mode, 2020 Vs. 2025
4.6 Market, by Organization Size, 2020 Vs. 2025
4.7 Market, by Application, 2020 Vs. 2025
4.8 Market, by Vertical, 2020-2025
4.9 Market Investment Scenario
5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Blockchain AI Technologies Enable Data Monetization
5.1.1.2 Increasing Demand for Intelligent Virtual Assistants
5.1.1.3 Simplification of Processes Along with Transparency, Responsibility, and Immutability
5.1.2 Restraints
5.1.2.1 Limited Number of Blockchain AI Experts
5.1.2.2 Uncertain Regulatory and Compliance Environment
5.1.3 Opportunities
5.1.3.1 Enhancement in the Acceptance of Cloud-Based Security Solutions
5.1.3.2 Increasing Demand for Real-Time Data Analysis, Enhanced Visibility, and Proactive Maintenance
5.1.3.3 Growing Number of Partnerships and Acquisitions in the Market
5.1.4 Challenges
5.1.4.1 Decentralization and Data Control to Obstruct the Violation of Privacy
5.1.4.2 Improving Operational Efficiency in the Manufacturing Industry
5.2 COVID-19-Driven Market Dynamics
5.2.1 Drivers and Opportunities
5.2.2 Restraints and Challenges
5.3 Industry Trends
5.4 Value Chain Analysis
5.5 Blockchain AI Ecosystem
5.6 Blockchain Associations and Consortiums
5.6.1 Enterprise Ethereum Alliance
5.6.2 Hyperledger Consortium
5.6.3 Global Blockchain Business Council
5.6.4 Blockchain Collaborative Consortium
5.6.5 R3Cev Blockchain Consortium
5.6.6 Continuous Linked Settlement Group
5.6.7 Global Payments Steering Group
5.6.8 Financial Blockchain Shenzhen Consortium
5.6.9 Culedger
5.6.10 Wall Street Blockchain Alliance
5.6.11 Other Blockchain Associations
5.7 Steps Involved in the Implementation of Blockchain Technology
5.8 Technology Analysis
5.8.1 Big Data Analytics
5.8.2 Internet of Things
5.8.3 Cloud
5.8.4 Other Technologies
5.9 Patent Analysis
5.9.1 Blockchain AI Patents
5.10 Use Cases
5.11 Adjacent Markets
6 Blockchain AI Market, by Technology
6.1 Introduction
6.2 Machine Learning
6.2.1 Machine Learning: Market Drivers
6.2.2 Deep Learning
6.2.3 Supervised Learning
6.2.4 Unsupervised Learning
6.2.5 Reinforcement Learning
6.2.6 Generative Adversarial Networks
6.2.7 Other Machine Learning Technologies
6.3 Natural Language Processing
6.3.1 Natural Language Processing: Blockchain AI Market Drivers
6.4 Context-Aware Computing
6.4.1 Context Aware Computing: Market Drivers
6.5 Computer Vision
6.5.1 Computer Vision: Market Drivers
7 Blockchain AI Market, by Component
7.1 Introduction
7.2 Platform/Tools
7.2.1 Platform/Tools: Market Drivers
7.3 Services
7.3.1 Services: Market Drivers
7.3.2 Consulting
7.3.3 System Integration and Deployment
7.3.4 Support and Maintenance
8 Blockchain AI Market, by Deployment Mode
8.1 Introduction
8.2 Cloud
8.2.1 Cloud: Market Drivers
8.3 On-Premises
8.3.1 On-Premises: Market Drivers
9 Blockchain AI Market, by Organization Size
9.1 Introduction
9.2 Large Enterprises
9.2.1 Large Enterprises: Market Drivers
9.3 Small and Medium-Sized Enterprises
9.3.1 Small and Medium-Sized Enterprises: Market Drivers
10 Blockchain AI Market, by Application
10.1 Introduction
10.2 Smart Contracts
10.2.1 Smart Contracts: Market Drivers
10.3 Payment and Settlement
10.3.1 Payments and Settlement: Market Drivers
10.4 Data Security
10.4.1 Data Security: Blockchain AI Market Drivers
10.5 Data Sharing/Communication
10.5.1 Data Sharing/Communication: Market Drivers
10.6 Asset Tracking and Management
10.6.1 Asset Tracking and Management: Market Drivers
10.7 Logistics and Supply Chain Management
10.7.1 Logistics and Supply Chain Management: Market Drivers
10.8 Business Process Optimization
10.8.1 Business Process Optimization: Market Drivers
10.9 Other Applications
11 Blockchain AI Market, by Vertical
11.1 Introduction
11.2 Banking, Financial Services, and Insurance
11.2.1 Banking, Financial Services, and Insurance: Market Drivers
11.3 Telecommunications and It
11.3.1 Telecommunications and It: Market Drivers
11.4 Healthcare and Life Sciences
11.4.1 Healthcare and Lifesciences: Blockchain AI Market Drivers
11.5 Manufacturing
11.5.1 Manufacturing: Market Drivers
11.6 Media and Entertainment
11.6.1 Media and Entertainment: Market Drivers
11.7 Automotive
11.7.1 Automotive: Market Drivers
11.8 Other Verticals
12 Blockchain AI Market by Region
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia-Pacific
12.5 Rest of the World
13 Competitive Landscape
13.1 Introduction
13.2 Market Evaluation Framework
13.3 Key Player Strategies/Right to Win
13.3.1 Overview of Strategies Deployed by Key Blockchain AI Vendors
13.4 Startup/SME Evaluation Matrix, 2020
13.4.1 Progressive Companies
13.4.2 Responsive Companies
13.4.3 Dynamic Companies
13.4.4 Starting Blocks
13.5 Ranking of Key Startups in the Blockchain AI Market, 2020
14 Company Profiles
14.1 Introduction
14.2 AI-Blockchain
14.3 Alphanetworks
14.4 Bext360
14.5 Burstiq
14.6 Coingenius
14.7 Core Scientific
14.8 Cyware Labs
14.9 Fetch.AI
14.10 Figure
14.11 Finalze
14.12 Netobjex
14.13 Neurochain Tech
14.14 Singularitynet
14.15 Synapse AI
14.16 Via
14.17 Wealthblock.AI
14.18 Blackbird.AI
14.19 Chainhaus
14.20 Computable
14.21 Liveedu
14.22 Gainfy
14.23 Hannah Systems
14.24 Mobs
14.25 Numerai
14.26 Stowk
14.27 Talla
14.28 Verisart
14.29 Vytalyx
14.30 Workdone
15 Adjacent Market
16 Appendix
16.1 Discussion Guide
16.2 Knowledge Store: Subscription Portal
16.3 Available Customizations
For more information about this report visit https://www.researchandmarkets.com/r/q9pkd
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
