WESTFORD, Mass., July 3, 2024 /PRNewswire/ -- According to
SkyQuest, the global Blockchain AI Market size was valued at
USD 358.0 Million in 2022 and is
expected to grow from USD 448.5
Million in 2023 to reach USD 2,725.2
Million by 2031, at a CAGR of 25.3% during the forecast
period (2024-2031).
Integration of novel artificial intelligence (AI) and Blockchain
technologies results in the creation of Blockchain AI solutions.
The need for better security and transparency along with
intelligence of AI technology is projected to help bolster
blockchain AI market growth over the coming years. The global
blockchain AI market is segmented into component, technology,
application, deployment mode, organization size, industry
verticals, and region.
Download a detailed overview:
https://www.skyquestt.com/sample-request/blockchain-ai-market
Blockchain AI Market Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$ 448.5
million
|
Estimated Value by
2031
|
$ 2725.2
million
|
Growth Rate
|
Poised to grow at a
CAGR of 25.3%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Million)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Component, Technology,
Application, Deployment Mode, Organization and Industry
Verticals
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, Latin America
|
Report
Highlights
|
Development of novel
blockchain AI solutions that give benefits of both technologies
involved
|
Key Market
Opportunities
|
SMEs are estimated to
emerge as lucrative end users of blockchain AI solutions
|
Key Market
Drivers
|
Increasing deployment
of blockchain AI in large enterprises
|
Segments covered in Blockchain AI Market are as
follows:
- Component
- Platforms/Tools and Services
- Technology
- Machine Learning (ML), Computer Vision, AI Based Smart
Contracts, and Natural Language Processing
- Deployment Mode
- Cloud-based, and On-premises
- Application
- Smart Contracts, Payment and settlement, Data Security,
Data Sharing/Communication, Asset Tracking and Management,
Logistics and supply chain management, Business process
optimization, and Others
- Industry Vertical
- BFSI, Telecom and IT, Healthcare and Life science,
Manufacturing, Media and Entertainment, Automotive, and Others
- Organization
- SMEs, and Large Enterprises
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https://www.skyquestt.com/speak-with-analyst/blockchain-ai-market
Platforms/Tools Remain Vital to Successful Deployment of
Blockchain AI Solutions
Platforms and tools play an essential role in harnessing the
power of Blockchain and artificial intelligence to create effective
blockchain AI solutions. These solutions help facilitate more
secure data management and advanced insights can be extracted from
the same data using AI capabilities of blockchain AI platforms.
Moreover, interoperability offered by these blockchain AI
platforms/tools will also help this segment generate new
opportunities for market players going forward.
Willingness of Large Enterprises to Invest in Blockchain AI
Technologies Drives Demand Outlook
Large enterprises have a high spending potential as compared to
small and medium enterprises (SMEs), which is why they are more
willing to invest in blockchain AI solutions. High emphasis of
large organizations in enhancing the security, transparency, and
efficiency of their business operations will also promote the
demand for blockchain AI over the coming years. This segment is
projected to present lucrative opportunities for new as well as
established blockchain AI providers in the long run. SMEs are also
estimated to witness a robust hike in the adoption of blockchain AI
over the coming years as the availability of affordable blockchain
AI solutions increases. Deployment of blockchain AI solutions will
also help SMEs expand their business scope and compete with leading
market players.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/blockchain-ai-market
Machine Learning Technology to Play a Pivotal Role in
Blockchain AI Market Expansion
Blockchain AI solution providers can focus on utilization of
machine learning technology to provide automation through their
solutions. Companies can utilize this technology to automate
several aspects of their businesses and all of this can be
maintained on a secure and transparent Blockchain network. This
segment will be highly beneficial for new companies looking to
train their new Blockchain-based AI models in the future.
Established companies can provide detailed insights through the
utilization of machine learning going forward.
The global blockchain AI market is still in its developmental
stages and this is why incoming as well as leading companies have a
chance to boost their business scope equally.
Related Report:
Blockchain Market
AI Market
Blockchain as a Service Market
Blockchain in Healthcare Market
Fintech Blockchain Market
Blockchain In Manufacturing Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj
Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/
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