Regional Analysis:
The global blockchain AI market share is expected to expand at an XX% CAGR during the forecast period, reaching XX million by 2027. The geographic analysis of the blockchain AI market has been conducted in North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is expected to be the dominating region due to the faster adoption of innovative technologies in developed countries such as the US and Canada. The US accounted for the largest market share, followed by Canada and Mexico. This growth can be attributed to favorable government initiatives to encourage the adoption of blockchain AI across various industries. The main factor driving the blockchain AI market in this region is the strong presence of key industry players offering blockchain AI solutions.
The European market has been segmented into the UK, Germany, France, and the rest of Europe. In terms of market size, Europe is expected to be the second-largest regional market. The UK is projected to be the leading country-level market, while Germany is expected to register the highest growth over the review period. A growing number of blockchain AI start-ups in the region are boosting the adoption of blockchain AI to improve operational efficiency and enable process automation.
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The market in Asia-Pacific is projected to register the fastest growth rate over the forecast period, with the regional market being segmented into China, Japan, India, and the rest of Asia-Pacific. This share is attributable to increasing investments in blockchain and artificial intelligence. Furthermore, increasing government and research institute initiatives in the region for the development of blockchain AI technology is likely to drive the market growth in Asia-Pacific.
The Middle East & African and South American markets have started adopting these technologies only recently. The service providers and enterprises from BFSI, government, and defense sectors in this region have started adopting blockchain AI technology.
Market Highlights
The global blockchain AI market has been segmented based on technology, component, applications, deployment mode, organization size, vertical, and region.
Based on technology, the blockchain AI market has been segmented into machine learning, natural language processing, context-aware computing, and computer vision.
Based on component, the blockchain AI market has been segmented into platform/tools and services. The service segment is subdivided into consulting, system integration and deployment, and support and maintenance.
Based on applications, the blockchain AI market has been segmented into smart contracts, payment and settlement, data security, data sharing/communication, asset tracking and management, logistics and supply chain management, business process optimization, and other.
Based on deployment mode, the blockchain AI market has been segmented into cloud and on-premise.
Based on organization size, the blockchain AI market has been segmented into large enterprises and SMEs
Based on vertical, the blockchain AI market has been segmented into BFSI, telecom and IT, healthcare and life science, manufacturing, media and entertainment, automotive, and other.
Key Players
The key players of the global blockchain AI market are Figure Technologies (US), Cyware Labs (US), Core Scientific (US), NetObjex (US), Fetch.ai (UK), Ai-Blockchain (US), AlphaNetworks (US), Bext360 (US), Blackbird.AI (US), BurstIQ (US), Chainhaus (US), CoinGenius (US), Computable (US), Finalze (US), Gainfy (US), Hannah Systems (US), LiveEdu (UK), Mobs (US), Neurochain Tech (France), Numerai (US), SingularityNET (The Netherlands), Stowk (US), Synapse AI (US), Talla (US), Verisart (US), VIA (US), Vytalyx (US), Wealthblock.AI (US), and Workdone (US).
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