About Artificial Intelligence in Blockchain
Virtually every business in which they are used is benefiting from the combination of AI and blockchain, which is proving to be pretty potent. Everything from the logistics of the food supply chain and the sharing of medical records to media royalties and financial security is being improved by the convergence of blockchain and artificial intelligence. Security will benefit from the integration of AI with blockchain since it will act as a twofold barrier against cyber attacks. The technologies that are currently being disputed the most are blockchain and artificial intelligence. They both have bright futures in the field. In contrast, blockchain is a decentralized digital ledger that makes it easier to record transactions and track assets in business networks. On the other hand, artificial intelligence mimics human intelligence by using computers and other devices to solve problems and make decisions.
|Unit||Value (USD Million)|
With a variety of participants in the industry, the artificial intelligence in blockchain market is fragmented. The businesses must expand their reach into developing markets, invest more in R & D initiatives, and boost sales. Additionally, businesses are forming new partnerships with other businesses to broaden their use of technology and enhance it. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Artificial Intelligence in Blockchain market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Core Scientific (United States), Fetch.ai (United Kingdom), AlphaNetworks (United States), Blackbird.AI (United States), CoinGenius (United States), Gainfy (United States), Hannah Systems (United States), Mobs (United States), Numerai (United States) and Stowk (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Synapse AI (United States), Verisart (United States) and VIA (United States).
AMA Research has segmented the market of Global Artificial Intelligence in Blockchain market by , Application (Smart Computing Power, Creating Diverse Data Sets, Data Protection, Data Monetization, Trusting AI Decision Making and Others) and Region.
On the basis of geography, the market of Artificial Intelligence in Blockchain has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Natural Language Processing will boost the Artificial Intelligence in Blockchain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Artificial Intelligence in Blockchain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offerings, the sub-segment i.e. Platform will boost the Artificial Intelligence in Blockchain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Artificial Intelligence in Blockchain Market Dynamics:
- Rising Monetization of Customer Data by Using Block chain
- Rising Demand for the Combination of Blockchain and AI-Based Natural Language Processing Solutions
- Limited Number of Blockchain AI Experts
|Road Blocks / Challenges|
- Decentralization and Data Control to Obstruct the Violation of Privacy
- Lack of Skilled Workforce among Enterprises to Impede Growth of Market
|Gaps & Opportunities|
- Improvement in the Acceptance of Cloud-Based Security Solutions
Market Leaders and their expansionary development strategies
In 2020, BurstIQ and Tech Mahindra collaborated. Both products are being made available to Tech Mahindra's broad client base through the agreement. Both solutions offer a framework on which Tech Mahindra's clients may support a wide range of connected services: B2B data exchange, consumer interaction, dynamic consent, and more. They also address important high-cost demands in the areas of data integrity and data interchange.
Key Target AudienceArtificial Intelligence in Blockchain Provider, Regulatory Factory, Government Bodies and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.