The Asia Pacific Blockchain AI Market is expected to witness market growth of 24.1% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Blockchain AI Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $170.8 million by 2031. The Japan market is registering a CAGR of 23.3% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 24.9% during 2024-2031.
The adoption of this is gaining momentum, driven by the demand for more secure, efficient, and transparent systems. Large enterprises in finance, healthcare, supply chain, and manufacturing are keenly exploring the potential of this. Many companies leverage AI to automate operations and drive efficiencies, while blockchain offers enhanced security and transparency. These industries invest in this to create new business models, improve operational efficiency, and maintain a competitive edge.
As businesses and governments realize the potential of blockchain AI, awareness and education around these technologies have grown significantly. Universities, research institutions, and private organizations offer courses and resources to train professionals in these emerging fields. This knowledge transfer is accelerating the adoption of these solutions, particularly in developing countries where digital transformation is underway.
As China continues developing its telecommunications infrastructure, they offers solutions to enhance data security, network optimization, and customer service. Integrating blockchain technology in telecommunications can provide secure, transparent, and decentralized customer data management, ensuring that sensitive information is protected from breaches. Meanwhile, AI can optimize network performance by predicting traffic patterns, automating maintenance, and enhancing customer service through AI-powered chatbots and support systems. The rising BFSI sector in India is a key driver of the country's growth in this market.
India’s fintech industry is expanding exceptionally, making it one of the fastest-growing sectors globally. The National Investment Promotion and Facilitation Agency forecasts that the fintech sector in India will reach $150 billion by 2025, up from $50 billion in 2021. Thus, rising telecommunication industry and increasing BFSI sector is driving the growth of the market.
Based on Component, the market is segmented into Platform, and Services. Based on Deployment Mode, the market is segmented into Cloud, and On-premise. Based on Organization Size, the market is segmented into Large Enterprises, and SMEs. Based on Technology, the market is segmented into Machine Learning (ML), Computer Vision, Natural Language Processing (NLP), and Other Technologies. Based on Application, the market is segmented into Logistics & Supply Chain Management, Smart Contracts, Payments & Settlements, Governance, Risk, & Compliance Management, and Other Applications.
The China market dominated the Asia Pacific Blockchain AI Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $170.8 million by 2031. The Japan market is registering a CAGR of 23.3% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 24.9% during 2024-2031.
The adoption of this is gaining momentum, driven by the demand for more secure, efficient, and transparent systems. Large enterprises in finance, healthcare, supply chain, and manufacturing are keenly exploring the potential of this. Many companies leverage AI to automate operations and drive efficiencies, while blockchain offers enhanced security and transparency. These industries invest in this to create new business models, improve operational efficiency, and maintain a competitive edge.
As businesses and governments realize the potential of blockchain AI, awareness and education around these technologies have grown significantly. Universities, research institutions, and private organizations offer courses and resources to train professionals in these emerging fields. This knowledge transfer is accelerating the adoption of these solutions, particularly in developing countries where digital transformation is underway.
As China continues developing its telecommunications infrastructure, they offers solutions to enhance data security, network optimization, and customer service. Integrating blockchain technology in telecommunications can provide secure, transparent, and decentralized customer data management, ensuring that sensitive information is protected from breaches. Meanwhile, AI can optimize network performance by predicting traffic patterns, automating maintenance, and enhancing customer service through AI-powered chatbots and support systems. The rising BFSI sector in India is a key driver of the country's growth in this market.
India’s fintech industry is expanding exceptionally, making it one of the fastest-growing sectors globally. The National Investment Promotion and Facilitation Agency forecasts that the fintech sector in India will reach $150 billion by 2025, up from $50 billion in 2021. Thus, rising telecommunication industry and increasing BFSI sector is driving the growth of the market.
Based on Component, the market is segmented into Platform, and Services. Based on Deployment Mode, the market is segmented into Cloud, and On-premise. Based on Organization Size, the market is segmented into Large Enterprises, and SMEs. Based on Technology, the market is segmented into Machine Learning (ML), Computer Vision, Natural Language Processing (NLP), and Other Technologies. Based on Application, the market is segmented into Logistics & Supply Chain Management, Smart Contracts, Payments & Settlements, Governance, Risk, & Compliance Management, and Other Applications.
List of Key Companies Profiled
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Accenture PLC
- Hewlett Packard Enterprise Company
- LeewayHertz (Hackett Group)
- Google LLC
- IBM Corporation
- Oracle Corporation
- Matrix IFS (Matrix Business IT)
- ConsenSys Software Inc.
- Unicsoft LP
Market Report Segmentation
By Component
- Platform
- Services
By Deployment Mode
- Cloud
- On-premise
By Organization Size
- Large Enterprises
- SMEs
By Technology
- Machine Learning (ML)
- Computer Vision
- Natural Language Processing (NLP)
- Other Technologies
By Application
- Logistics & Supply Chain Management
- Smart Contracts
- Payments & Settlements
- Governance, Risk, & Compliance Management
- Other Applications
By Vertical
- BFSI
- Government
- Energy & Utilities
- Healthcare & Lifesciences
- Telecom, Media & Entertainment
- Manufacturing
- Retail & Consumer Goods
- Travel & Transportation
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Blockchain AI Market by Component
Chapter 6. Asia Pacific Blockchain AI Market by Deployment Mode
Chapter 7. Asia Pacific Blockchain AI Market by Organization Size
Chapter 8. Asia Pacific Blockchain AI Market by Technology
Chapter 9. Asia Pacific Blockchain AI Market by Application
Chapter 10. Asia Pacific Blockchain AI Market by Vertical
Chapter 11. Asia Pacific Blockchain AI Market by Country
Chapter 12. Company Profiles
Companies Mentioned
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Accenture PLC
- Hewlett Packard Enterprise Company
- LeewayHertz (Hackett Group)
- Google LLC
- IBM Corporation
- Oracle Corporation
- Matrix IFS (Matrix Business IT)
- ConsenSys Software Inc.
- Unicsoft LP
Methodology
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