Blockchain AI Market Set to Revolutionize Industries with Exponential Growth

Global blockchain AI market is anticipated to grow at a significant CAGR of 24.0% during the forecast period (2024-2031). The market growth is attributed to the rising popularity of implementing AI in blockchain solutions that exist in different industries, from financial to healthcare, supply chain management, and IT security. The World Economic Forum estimates that, by 2030 it is likely that blockchain could generate $3.0 trillion in business value per year. They also expect that by 2025, 10.0 % of global GDP will be stored in the blockchain.

Browse the full report description of “Blockchain AI Market Size, Share & Trends Analysis Report by Component (Software, and Services), by Deployment Model On-Premises, and Cloud), by Technology (Machine Learning (ML), Natural Language Processing (NLP), Computer Vision, and Others), by Application (Payment & Settlement, Data Security, Data Sharing & Communications, Asset Tracking & Management, Logistics and Supply Chain Management, and Others), and by End-User (BFSI, IT & Telecom, Automotive, Manufacturing, Healthcare, and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/blockchain-ai-market

The World Economic Forum collaborating with PwC and Stanford University is focusing on innovations of the Fourth Industrial Revolution such as blockchain and Artificial Intelligence (AI) may help drive systems transformation across environmental and natural resource security. The Telangana Government in India has visualized to establishment first Blockchain District in Hyderabad to foster an ideal world-class Blockchain Technological ecosystem.

Recent Developments

• In April 2024, CIFDAQ, a fintech company, launched its AI-powered blockchain ecosystem in India, with headquarters in Mumbai and offices in other cities. CIFDAQ's solutions span the blockchain layer 1, native coin, exchange services, MPC wallet, DeFi, NFT, gaming, and other integrated products.

• In April 2024, BytePlus, the enterprise technology division of ByteDance, announced a long-term partnership with Mysten Labs, the company that developed the Sui layer-1 blockchain. The partnership will enable BytePlus to leverage its expertise in AI and data storage to enhance the functionality of Sui's Web3 games and SocialFi projects.

• In February 2024, Deutsche Telekom announced a collaboration with UK-based AI startup Fetch.ai to promote cutting-edge AI and blockchain solutions. As part of this partnership, Deutsche Telekom's subsidiary MMS will serve as a validator on the decentralized Fetch.ai network, helping secure transactions on the blockchain.

• In April 2023, Blockchain App Factory and bitsCrunch formed a strategic partnership to launch NFT marketplace solutions. The collaboration will support major blockchain networks such as Ethereum, Avalanche, and Polygon. The alliance aims to provide users with forensic and AI-powered real-time analytics to make NFT (Non-Fungible Tokens) trading a well-informed decision globally.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Component

o By Deployment Model

o By Technology 

o By Application 

o By End-User

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- Burst IQ, LLC, Figures Technologies, Inc., and SingularityNET among others. 

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Blockchain AI Market Report Segment

By Component

• Software
• Services

By Deployment Model

• On-Premises
• Cloud-Based

By Technology

• Machine Learning (ML)
• Natural Language Processing (NLP)
• Computer Vision
• Others

By Application

• Payment & Settlement
• Data Security
• Data Sharing and Communication
• Asset Tracking & Management
• Logistics & Supply Chain Management
• Others

By End-User

• BFSI
• IT & Telecom
• Automotive
• Manufacturing
• Healthcare
• Others 

Global Blockchain AI Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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