The Various Companies are Implementing Innovative Blockchain-Based Solutions which are Creating Demand for the Global Blockchain AI Market

Published: May 2022

The global blockchain AI market is anticipated to grow at a considerable CAGR of 24% during the forecast period. The companies are focusing on implementing innovative blockchain-based technologies to enhance customer satisfaction, which further fuel the market growth during the forecast period. For instance, in November 2020, Proven Technology VCS and Medical physicians launched a decentralized health data marketplace powered by blockchain and AI technology. This new information infrastructure for healthcare will allow anyone to synchronize health data with a network of physicians, individuals, entrepreneurs, and institutions. With a more accessible, efficient, and smarter health information management system not siloed by any one institution, IKIGAI will enable a thriving ecosystem for patients and clinicians across the globe. In February 2022, RBI to launch a blockchain-backed digital rupee 2023. Digital currency will also lead to a more efficient and cheaper currency management system. It is therefore proposed to introduce a digital rupee using blockchain and other technologies, to be issued by the Reserve Bank of India.

Browse the full report description “Global Blockchain AI Market Size, Share & Trends Analysis Report by Component (Software and Services), by Deployment Model (On-Premises and Cloud-Based), by Technology (Machine Learning (ML), Natural Language Processing (NLP), Computer Vision, and Others), by Application (Payment & Settlement, Data Security, Data Sharing and Communication, Asset Tracking & Management, Logistics & Supply chain Management, and Others), and by End-User (BFSI, IT & Telecom, Automotive, Manufacturing, Healthcare, and Others) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/blockchain-ai-market 


Furthermore, in June 2021, Telefonica Tech and IBM introduced new hybrid cloud solutions that support the fuel of enterprise digital transformation using AI and blockchain technology. These solutions, an AI-powered virtual assistant and a blockchain platform for enterprise assets, are part of Telefonica and IBM’s ongoing work together to embrace an open hybrid cloud strategy that can speed up how enterprises innovate to meet the evolving requirements of the customers. In December 2020, IBM started focusing on developing and expanding natural processing language (NLP) capabilities designed to support businesses. In addition, IBM also introduced new NLP advancements within IBM Watson Assistant and Watson Discovery, available in beta. 

Market Coverage

  • The market number available for – 2021-2028
  • Base year- 2021
  • Forecast period- 2022-2028

Segment Covered- 

  • By Component
  • By Deployment Model
  • By Technology
  • By Applications 
  • By End-Users

Regions Covered-

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape- including Alpha Networks, Inc., BurstIQ, LLC, Core scientific, Inc., Netobjex, Inc., NeuroChain tech, Stowk, Inc., Verisart Inc. Vytalyx, Inc., and Wealth block Inc., among others.

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • How has COVID-19 impacted the market?

oDeviation from the pre-COVID-19 forecast

oMost affected region and segment

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Blockchain AI Market Report Segment

By Component

  • Software 
  • Services 

By Deployment Model

  • On-Premises 
  • Cloud 

By Technology 

  • Machine Learning (ML)
  • Natural Language Processing (NLP)
  • Computer Vision 
  • Others (Context-Aware Computing)

By Application 

  • Payment & Settlement
  • Data Security
  • Data Sharing & Communications
  • Asset Tracking & Management
  • Logistics and supply chain management
  • Others (Smart contracts, Business process optimization)

By End-User

  • BFSI
  • IT & Telecom
  • Automotive
  • Manufacturing
  • Healthcare
  • Others (Media & Entertainment, Education)

Global Blockchain AI Market Report Segment by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe 

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific 

Rest of the World

  • Latin America 
  • Middle East & Africa

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