Press release
Blockchain AI Market Trends 2024-2033: Analyzing Global Demand and Dynamics
Blockchain AI
The Business Research Company offers in-depth market insights through Blockchain AI Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The blockchain AI market size has grown exponentially in recent years. It will grow from $0.47 billion in 2023 to $0.58 billion in 2024 at a compound annual growth rate (CAGR) of 24.4%. The growth in the historic period can be attributed to security and transparency in transactions, efficient data management, smart contract adoption, fraud detection and prevention, decentralized autonomous organizations (DAOs).
The blockchain AI market size is expected to see exponential growth in the next few years. It will grow to $1.46 billion in 2028 at a compound annual growth rate (CAGR) of 25.8%. The growth in the forecast period can be attributed to interoperability and standardization, supply chain optimization, tokenization and digital assets, decentralized finance (DeFi) evolution. Major trends in the forecast period include interoperability across blockchain platforms, AI-driven blockchain security solutions, decentralized autonomous organizations (DAOs) for AI governance, AI-enhanced consensus mechanisms, cross-industry applications.
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Market Segmentation:
The blockchain AI market covered in this report is segmented -
1) By Technology: Computer Vision, Machine Learning (ML), Natural Language Processing (NLP), Other Technologies
2) By Vertical: BFSI, Telecom & IT, Healthcare and Life science, Manufacturing, Media & Environment, Automotive, Other Verticals
3) By Application: Smart Contract, Payment, Data Security, Logistics and supply chain management, Business process optimization, Other Applications
Major Driver - The Synergy Of Blockchain And AI In Data Management Fuels Growth In The Blockchain Ai Market
The growing demand for accessing and managing data efficiently contributed to the growth of the blockchain AI market. Currently, most of the work has become digitalized and is mostly stored on the cloud, which is accessed and managed by blockchain AI. Blockchain AI convergence is inevitable because both the technology deal with data and value. Blockchain enables secure storage and sharing of data whereas AI can analyze and generate insights from data to generate value. For instance, Gainify is a healthcare platform that leverages AI, IoT devices, and blockchain and facilitates different tasks such as streamlining appointment scheduling, digital payments, identity verification, medical records management and others. It also allows the monetization of anonymous clinical data through a crypto payment system. The benefits of the deployment of blockchain AI in the process increased its demand and thereby contributed to the blockchain AI market growth.
Competitive Landscape:
Major companies operating in the blockchain AI market report are Microsoft Corp., IBM Corp., Oracle Corp., AlphaNetworks Inc., Salesforce Inc., Fidelity Information Services LLC, CertiK, Barca Vision, Core Scientific Inc., Hannah Systems, ORS Group, Figure Technologies Inc., SandboxAQ, Plato Technologies Inc., NetObjex Inc., Phlo Systems Ltd., Cyware Labs Pvt. Ltd., Bext Holdings Inc., Neurochain Tech, Fetch.AI, Solidus Labs, Gainfy Healthcare Network, BurstIQ Inc., Token Metrics Media LLC, Blackbird.AI, AnChain.Ai, Verisart Inc., WealthBlock, Petuum Inc., Scifn
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Top Trend - Revolutionizing The Blockchain AI Market With Cutting-Edge Blockchain-Powered Data Marketplace
Major companies operating in the blockchain AI market are focused on introducing advanced solutions, such as blockchain-powered data marketplace, to sustain their position in the market. A blockchain-powered data marketplace is a platform that uses blockchain technology to facilitate the secure and transparent exchange of data. For instance, in May 2021, Nokia Corporation, a Finland-based telecommunications company, launched Nokia Data Marketplace as-a-service. It is designed to facilitate secure and trusted data sharing and monetization for businesses and communications service providers (CSPs). It supports federated learning and AI model sharing, enabling collaborative development and application of AI solutions.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Blockchain AI Market Characteristics
3. Blockchain AI Market Trends And Strategies
4. Blockchain AI Market - Macro Economic Scenario
5. Blockchain AI Market Size And Growth
…..
27. Blockchain AI Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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