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India Blockchain AI Market

ID: MRFR/ICT/57513-HCR
200 Pages
Aarti Dhapte
October 2025

India Blockchain AI Market Research Report By Application (Fraud Detection, Smart Contracts, Supply Chain Management, Healthcare Solutions, Data Privacy), By Deployment Model (Public Blockchain, Private Blockchain, Hybrid Blockchain, Multi-Chain), By End-user (Financial Services, Healthcare, Retail, Transportation, Government), and By Integration Type (API Integration, Middleware Integration, Cloud Integration, On-Premise Integration)- Forecast to 2035

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India Blockchain AI Market Infographic
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India Blockchain AI Market Summary

As per MRFR analysis, the The blockchain AI market size was estimated at 15.75 USD Million. in 2024. The blockchain ai market is projected to grow from 18.59 USD Million in 2025 to 97.83 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 18.06% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The India The market is poised for substantial growth driven by technological advancements and regulatory support..

  • Investment in blockchain AI solutions is witnessing a notable increase, indicating a robust market trajectory.
  • The largest segment in this market is the financial services sector, which is rapidly adopting blockchain AI technologies.
  • The fastest-growing segment is expected to be healthcare, driven by the need for enhanced data security and efficiency.
  • Key market drivers include rising demand for data security and government initiatives supporting blockchain AI development.

Market Size & Forecast

2024 Market Size 15.75 (USD Million)
2035 Market Size 97.83 (USD Million)
CAGR (2025 - 2035) 18.06%

Major Players

IBM (US), Microsoft (US), NVIDIA (US), Google (US), Amazon (US), Oracle (US), C3.ai (US), Hewlett Packard Enterprise (US), Chainalysis (US)

India Blockchain AI Market Trends

The The market is currently experiencing a transformative phase., characterized by the integration of advanced technologies that enhance operational efficiency and security. This market is witnessing a surge in interest from various sectors, including finance, healthcare, and supply chain management. The convergence of blockchain and artificial intelligence is fostering innovative solutions that address complex challenges, such as data integrity and transparency. As organizations increasingly recognize the potential of these technologies, investments are likely to escalate, driving further advancements and applications. Moreover, the regulatory landscape is evolving, with government initiatives aimed at promoting the adoption of blockchain and ai technologies. This supportive environment may encourage startups and established firms to explore new business models and applications. The blockchain ai market appears poised for substantial growth, as stakeholders seek to leverage the benefits of decentralized systems and intelligent algorithms. The collaboration between public and private sectors could play a pivotal role in shaping the future of this market, fostering an ecosystem that nurtures innovation and sustainability.

Increased Investment in Blockchain AI Solutions

There is a noticeable trend of rising investments in blockchain ai solutions across various industries. Organizations are allocating resources to develop and implement these technologies, aiming to enhance operational efficiency and data security. This trend suggests a growing recognition of the potential benefits that blockchain and ai can offer.

Regulatory Support and Framework Development

The regulatory environment is evolving to support the growth of blockchain ai technologies. Government initiatives are being introduced to create a conducive framework for innovation. This trend indicates a commitment to fostering a secure and transparent ecosystem for businesses to thrive.

Collaboration Between Sectors

Collaboration between public and private sectors is becoming increasingly common in the blockchain ai market. Partnerships are forming to leverage expertise and resources, driving innovation and application development. This trend highlights the importance of collective efforts in advancing technology adoption.

India Blockchain AI Market Drivers

Growing Interest from Startups

The The market is experiencing a burgeoning interest from startups. in India, which are increasingly exploring innovative applications of blockchain and AI technologies. This trend is driven by the availability of venture capital and a supportive ecosystem for tech entrepreneurs. Startups are focusing on sectors such as finance, healthcare, and logistics, where they aim to develop solutions that enhance efficiency and transparency. The Indian startup ecosystem has seen a significant increase in funding, with investments in tech startups reaching $10 billion in 2025. This influx of capital is likely to accelerate the development of blockchain ai solutions, fostering competition and innovation within the market.

Rising Demand for Data Security

The The market in India is experiencing a notable surge in demand. for enhanced data security solutions. As organizations increasingly rely on digital platforms, the need to protect sensitive information has become paramount. Blockchain technology, with its decentralized nature, offers a robust framework for securing data against breaches and unauthorized access. This is particularly relevant in sectors such as finance and healthcare, where data integrity is critical. According to recent estimates, the Indian cybersecurity market is projected to reach $35 billion by 2025, indicating a growing recognition of the importance of secure data management. Consequently, the integration of AI with blockchain is likely to provide innovative solutions that address these security challenges, thereby driving growth in the blockchain ai market.

Emergence of AI-Driven Analytics

The integration of AI-driven analytics within the blockchain ai market is transforming how businesses in India analyze and utilize data. By leveraging AI algorithms, organizations can gain deeper insights from blockchain data, enhancing decision-making processes. This trend is particularly relevant in sectors such as finance, where predictive analytics can identify trends and mitigate risks. The Indian analytics market is projected to grow to $16 billion by 2025, indicating a strong appetite for data-driven solutions. As companies increasingly seek to harness the power of data, the combination of AI and blockchain is likely to provide innovative tools that enhance operational efficiency and drive growth in the blockchain ai market.

Government Initiatives and Support

Government initiatives aimed at fostering innovation and technology adoption are playing a crucial role in the blockchain ai market. The Indian government has launched various programs to promote research and development in emerging technologies, including blockchain and AI. These initiatives are designed to create a conducive environment for startups and established companies to explore new applications of blockchain technology. For instance, the Digital India initiative aims to enhance digital infrastructure, which is expected to facilitate the growth of the blockchain ai market. With increased funding and support, the market is likely to see a rise in innovative solutions that leverage the capabilities of both blockchain and AI, potentially leading to a more robust technological ecosystem.

Increased Adoption of Smart Contracts

The The market is witnessing a significant uptick in the adoption of smart contracts. across various industries in India. These self-executing contracts, with the terms of the agreement directly written into code, streamline processes and reduce the need for intermediaries. This trend is particularly evident in sectors such as real estate and supply chain management, where efficiency and transparency are crucial. The Indian government has been actively promoting the use of blockchain technology, which is expected to enhance the operational efficiency of businesses. As organizations recognize the potential of smart contracts to automate and secure transactions, the blockchain ai market is likely to expand, with estimates suggesting a growth rate of over 30% annually in this segment.

Market Segment Insights

By Application: Fraud Detection (Largest) vs. Smart Contracts (Fastest-Growing)

In the India blockchain ai market, the application segment exhibits a diverse range of solutions, with Fraud Detection leading the charge. This solution captures a significant share due to the increasing incidence of digital fraud, which necessitates robust detection mechanisms. Following closely, Smart Contracts are rapidly gaining traction, driven by the demand for automated and reliable contract execution. Supply Chain Management, Healthcare Solutions, and Data Privacy continue to hold critical positions as organizations seek to enhance efficiency and security, contributing to their share in the market. The growth trends within this segment are fueled by advancements in technology, consumer awareness, and regulatory frameworks. The surge in online transactions has heightened the need for effective fraud detection systems, while the adoption of Smart Contracts is propelled by businesses looking for efficiency and transparency. Furthermore, Supply Chain Management utilizes blockchain for traceability, and the healthcare sector increasingly adopts these solutions for data integrity and privacy. Thus, the market is poised for continued expansion as more applications emerge and existing solutions evolve.

Fraud Detection (Dominant) vs. Smart Contracts (Emerging)

Fraud Detection remains the dominant application in the India blockchain ai market, primarily due to its vital role in combating the growing threat of cybercrime. Businesses prioritize this application to safeguard their assets and maintain consumer trust. Conversely, Smart Contracts, while emerging, demonstrate significant potential for revolutionizing traditional contractual processes. They offer automated enforcement of agreements, reducing disputes and fostering faster transactions. As organizations embrace these innovations, the interplay between Fraud Detection and Smart Contracts reveals a market that is increasingly focused on security and efficiency, marking a significant shift in operational paradigms across various sectors.

By Deployment Model: Public Blockchain (Largest) vs. Private Blockchain (Fastest-Growing)

In the India blockchain ai market, the deployment model landscape is characterized by distinct segment values. The public blockchain stands out as the largest segment, primarily driven by its open-source nature and extensive adoption across various industries. Conversely, the private blockchain segment is witnessing rapid growth, fueled by increasing demand for secure and private transactions, making it a preferred choice among enterprises looking for confidentiality and control over their data. Growth trends reveal that while public blockchain usage remains robust, the private segment's expansion is significant due to the rising emphasis on data protection and regulatory compliance. Hybrid blockchains are also emerging, offering a blend of both public and private characteristics, catering to enterprises seeking flexibility. Multi-chain architectures are gaining traction as well, allowing interoperability among various blockchains, which is essential for a diversified blockchain strategy.

Public Blockchain (Dominant) vs. Private Blockchain (Emerging)

The public blockchain is recognized as the dominant deployment model in the India blockchain ai market due to its broad accessibility and community-driven approach. It enables a myriad of applications, from smart contracts to decentralized applications, attracting a wide range of participants. On the other hand, the private blockchain is emerging as a compelling alternative, particularly for organizations prioritizing privacy, scalability, and governance. This model limits access to a select group of participants, making it ideal for industries such as finance and healthcare, where sensitive information is common. The hybrid model provides a balanced solution, attracting users who seek the benefits of both deployments.

By End User: Financial Services (Largest) vs. Healthcare (Fastest-Growing)

In the India blockchain ai market, the distribution of market share among the 'End User' segments reveals Financial Services as the largest segment, driven by the increasing need for secure transaction processing and transparent record-keeping. Following closely is Healthcare, which is gaining traction due to the rising demand for enhanced patient data management and secure sharing of medical records. The growth trends indicate that while Financial Services maintains a dominant position, Healthcare is emerging as the fastest-growing segment. This rapid growth is fueled by advancements in technology and the urgent need for improved health information systems. Furthermore, Retail, Transportation, and Government also show significant potential as industries increasingly adopt blockchain ai to enhance operational efficiency and data security.

Financial Services: Dominant vs. Healthcare: Emerging

The Financial Services segment, recognized as the dominant force within the India blockchain ai market, benefits greatly from robust regulatory frameworks and a growing emphasis on cybersecurity. This sector utilizes blockchain ai for various applications such as fraud detection, smart contracts, and efficient transaction management. Conversely, the Healthcare segment is marked as an emerging player, experiencing rapid adoption due to its potential to revolutionize patient data management and ensure confidentiality. Its application in telemedicine and health records has attracted significant attention, leading to investments and innovations aimed at streamlining healthcare delivery. As these segments evolve, their distinct characteristics will significantly influence market dynamics.

By Integration Type: API Integration (Largest) vs. Middleware Integration (Fastest-Growing)

In the India blockchain ai market, API Integration holds the largest market share due to its widespread adoption and critical role in facilitating seamless interactions between different software applications. Following closely is Middleware Integration, which, although smaller in market share, is rapidly gaining traction as organizations seek efficient and effective ways to bridge varying systems and data streams. The importance of these integration types cannot be overstated, as they form the backbone of many successful blockchain ai implementations. Growth trends indicate a strong push towards Middleware Integration, driven by the increasing number of enterprises looking to adopt blockchain technology. The need for flexibility and interoperability between existing systems and new blockchain solutions fuels this demand. Additionally, technological advancements and the rising awareness among organizations about the benefits of blockchain have stimulated interest in API Integration as well, which continues to be a vital component of digital transformation strategies.

API Integration (Dominant) vs. Cloud Integration (Emerging)

API Integration stands as the dominant force in the India blockchain ai market due to its essential role in linking disparate applications and systems, allowing for streamlined data exchange and improved operational efficiency. Its robust functionality caters to a wide range of sectors, making it indispensable in the implementation of blockchain solutions. Conversely, Cloud Integration is emerging as an attractive option for businesses looking to leverage the benefits of cloud computing alongside blockchain. This integration type offers scalability and flexibility, appealing to organizations aiming to enhance their technological infrastructure while venturing into blockchain initiatives. As businesses prioritize modern cloud solutions, Cloud Integration is expected to gain significant influence as the market evolves.

Get more detailed insights about India Blockchain AI Market

Key Players and Competitive Insights

The blockchain AI market in India is currently characterized by a dynamic competitive landscape, driven by rapid technological advancements and increasing demand for decentralized solutions. Major players such as IBM (US), Microsoft (US), and NVIDIA (US) are strategically positioning themselves through innovation and partnerships. IBM (US) focuses on integrating AI with blockchain to enhance data security and transparency, while Microsoft (US) emphasizes cloud-based solutions that leverage blockchain for enterprise applications. NVIDIA (US) is concentrating on providing high-performance computing solutions that facilitate AI-driven blockchain applications, thereby shaping a competitive environment that prioritizes technological prowess and strategic collaborations.

The market structure appears moderately fragmented, with a mix of established corporations and emerging startups. Key players are employing various business tactics, such as localizing their operations to better serve the Indian market and optimizing supply chains to enhance efficiency. This collective influence of major companies fosters a competitive atmosphere where innovation and adaptability are paramount, allowing them to respond effectively to market demands and regulatory changes.

In October 2025, IBM (US) announced a partnership with a leading Indian fintech firm to develop blockchain-based solutions aimed at improving financial inclusion. This strategic move is significant as it not only enhances IBM's footprint in the Indian market but also aligns with the government's push for digital financial services. By leveraging AI capabilities, this collaboration is expected to streamline processes and reduce transaction costs, thereby fostering greater accessibility.

In September 2025, Microsoft (US) launched a new initiative focused on integrating AI with blockchain technology to enhance supply chain transparency for Indian manufacturers. This initiative is crucial as it addresses the growing need for traceability in supply chains, particularly in sectors like agriculture and pharmaceuticals. By providing real-time data analytics, Microsoft aims to empower businesses to make informed decisions, thus reinforcing its competitive edge in the market.

In August 2025, NVIDIA (US) unveiled a new AI-driven platform designed to optimize blockchain networks for energy efficiency. This development is particularly relevant given the increasing scrutiny on the environmental impact of blockchain technologies. By focusing on sustainability, NVIDIA not only positions itself as a leader in responsible innovation but also appeals to a growing segment of environmentally conscious consumers and businesses.

As of November 2025, the competitive trends in the blockchain AI market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances among key players are shaping the landscape, fostering innovation and enhancing operational efficiencies. The shift from price-based competition to a focus on technological differentiation and supply chain reliability is evident, suggesting that future competitive advantages will hinge on the ability to innovate and adapt to evolving market conditions.

Key Companies in the India Blockchain AI Market market include

Industry Developments

Protean eGov Technologies and NPCI Bharat BillPay partnered in June 2023 to develop a decentralised settlement solution for the Open Network for Digital Commerce (ONDC). The system integrates blockchain infrastructure with AI-driven transaction validation to optimise payment processes.

By establishing an AI hub at GIFT City and incorporating blockchain technologies on IBM's LinuxOne platform to ensure secure real-time transaction monitoring, Infibeam Avenues made its foray into the field of AI-enabled fraud detection in August 2023.

In order to improve the security, scalability, and transparency of UPI and other digital payment systems, the National Payments Corporation of India (NPCI) and the Indian Institute of Science (IISc) launched a collaborative research project on blockchain-AI convergence in March 2024.

With ambitions to hire more than 1,000 experts, Infosys most recently opened a ₹32 crore development centre at GIFT City in June 2025. The centre focusses on fintech technologies such as asset tokenisation, blockchain-based smart contracts, AI algorithms, and data analytics.

Collectively, these achievements show how blockchain and artificial intelligence are being quickly integrated by India's fintech and tech services industries to create safe, effective, and robust digital financial ecosystems.

Future Outlook

India Blockchain AI Market Future Outlook

The The market is projected to grow at 18.06% CAGR from 2024 to 2035., driven by advancements in AI technology, increased demand for transparency, and enhanced security measures.

New opportunities lie in:

  • Development of AI-driven smart contracts for automated transactions.
  • Integration of blockchain in supply chain management for real-time tracking.
  • Creation of decentralized AI marketplaces for data sharing and monetization.

By 2035, the blockchain AI market is expected to achieve substantial growth and innovation.

Market Segmentation

India Blockchain AI Market End User Outlook

  • Financial Services
  • Healthcare
  • Retail
  • Transportation
  • Government

India Blockchain AI Market Application Outlook

  • Fraud Detection
  • Smart Contracts
  • Supply Chain Management
  • Healthcare Solutions
  • Data Privacy

India Blockchain AI Market Deployment Model Outlook

  • Public Blockchain
  • Private Blockchain
  • Hybrid Blockchain
  • Multi-Chain

India Blockchain AI Market Integration Type Outlook

  • API Integration
  • Middleware Integration
  • Cloud Integration
  • On-Premise Integration

Report Scope

MARKET SIZE 2024 15.75(USD Million)
MARKET SIZE 2025 18.59(USD Million)
MARKET SIZE 2035 97.83(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 18.06% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled IBM (US), Microsoft (US), NVIDIA (US), Google (US), Amazon (US), Oracle (US), C3.ai (US), Hewlett Packard Enterprise (US), Chainalysis (US)
Segments Covered Application, Deployment Model, End User, Integration Type
Key Market Opportunities Integration of blockchain technology enhances data security and transparency in artificial intelligence applications.
Key Market Dynamics Rising demand for decentralized solutions drives innovation and competition in the blockchain AI market.
Countries Covered India

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FAQs

What is the expected market size of the India Blockchain AI Market in 2024?

The India Blockchain AI Market is anticipated to be valued at 232.4 million USD in 2024.

What is the projected market size of the India Blockchain AI Market by 2035?

By 2035, the market is expected to reach a valuation of 1624.8 million USD.

What is the expected CAGR for the India Blockchain AI Market from 2025 to 2035?

The market is projected to grow at a CAGR of 19.338 percent from 2025 to 2035.

Which application segment dominates the India Blockchain AI Market?

Fraud Detection is expected to be a leading segment, valued at 50 million USD in 2024 and projected to grow to 360 million USD by 2035.

What are the expected values for Smart Contracts in the India Blockchain AI Market by 2024 and 2035?

Smart Contracts are estimated to be valued at 40 million USD in 2024 and are projected to reach 290 million USD by 2035.

What is the anticipated market value for Supply Chain Management in 2024 and 2035?

Supply Chain Management is expected to be valued at 60 million USD in 2024, increasing to 400 million USD by 2035.

Which major players are involved in the India Blockchain AI Market?

Notable players in the market include Tech Mahindra, Razorpay, Wipro, and Infosys among others.

What is the expected market value for Healthcare Solutions in the India Blockchain AI Market by 2035?

Healthcare Solutions are projected to grow from 30 million USD in 2024 to 250 million USD by 2035.

What is the projected market value for Data Privacy application by 2035?

Data Privacy is anticipated to grow from 52.4 million USD in 2024 to 324.8 million USD by 2035.

What are some key growth drivers for the India Blockchain AI Market?

Emerging technologies and increasing investments in AI and blockchain are significant growth drivers for the market.

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