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CHICAGO, November 10, 2020 / PRNewswire / – According to the new market research report “Blockchain AI Market by technology (ML and NLP), component (platform / tools and services), distribution mode, organization size, application (smart contracts, payments and asset tracking), vertical (BFSI, automotive and media) and region – Global forecasts up to 2025 “, published by MarketsandMarkets ™, the size of the Blockchain AI market is expected to grow 228 million dollars in 2020 a 703 million dollars by 2025, at a compound annual growth rate (CAGR) of 25.3% over the forecast period. Growing venture capital funding and growing investments in Blockchain AI technology are driving market growth.
Browse the in-depth summary at “Blockchain AI Market “
110 – Tables
64 – Figures
220 – Pages
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By component, the service segment records the highest growth rate during the forecast period
The service segment includes various services required to deploy, run and maintain the blockchain AI platform in an organization. These services include technology consulting and consulting, systems integration and distribution, support and maintenance. As the adoption of blockchain AI platforms increases, demand for these services is expected to increase as well. 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 experienced tremendous growth in recent years. Therefore, the services segment records the highest growth rate during the forecast period.
Based on the vertical, the BFSI will grow at the highest CAGR over the forecast period
The BFSI segment is focusing on meaningful technologies, which help secure transactions for customers. Furthermore, the technological shift from centralized infrastructure management to distributed ecosystem is paving the way for new business models in payments, internet banking and financial transaction technologies by leveraging the power of AI and blockchain solutions. Blockchain and AI solve several financial problems as a standalone solution. However, they can work together to improve many business processes in the financial sector to make it smarter and run more effectively. Therefore, BFSI records the highest growth rate during the forecast period.
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North America hold the largest market share during the forecast period
North America has several major market players providing Blockchain AI solutions to all end users in the region. The United States e Canada both have strong economic conditions and are expected to contribute more to the growth of the Blockchain AI market. Geographical presence, significant research and development (R&D) activities, partnerships, acquisitions and mergers are the main factors for the implementation of Blockchain AI and services.
Market participants:
Key and innovative suppliers in Blockchain AI Market include Figure Technologies (United States), Cyware Labs (United States), Core Scientific (United States), NetObjex (United States), Fetch.ai (United Kingdom), Ai-Blockchain (United States), AlphaNetworks (United States), Bext360 (United States), Blackbird.AI (USA), BurstIQ (United States), Chainhaus (United States), CoinGenius (United States), Computable (United States), Finalze (United States), Gainfy (United States), Hannah Systems (United States), LiveEdu (United Kingdom), Mobs (United States), Neurochain Tech (France), Numerai (USA), SingularityNET (Netherlands), Stowk (United States), Synapse AI (United States), Talla (United States), Verisart (United States), VIA (United States), Vytalyx (United States), Wealthblock.AI (USA)and Workdone (USA).
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Related reports:
Blockchain market by component (platform and services), vendor (application, middleware and infrastructure), type (private, public and hybrid), organization size, application area (BFSI, government, IT and telecommunications) and region – Global forecast up to 2025
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