The global Blockchain AI market was valued at USD 285.7 million in 2022 and is projected to grow at a CAGR of 25.3% over the forecast period to reach USD 2,726.7 million by 2032.
Blockchain AI is a new type of AI that uses blockchain technology to store and manage data. With blockchain AI, data is stored in a decentralized way, making it more secure and efficient. Blockchain AI also allows for more transparency and accountability as all data is stored on a public ledger.
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Market drivers and trends
There are several key drivers of the Blockchain AI market. Firstly, increasing adoption of blockchain technology in various industries is driving the market growth. Blockchain is used in a variety of industries, including healthcare, supply chain, and banking. This is due to the various benefits that blockchain offers such as transparency, immutability and security.
Second, increasing use of artificial intelligence in various applications is also boosting the market growth. AI is being used in a variety of applications such as chatbots, predictive analytics, and more. This is because AI provides various benefits such as increased accuracy, efficiency, and more.
Third, increasing investment by venture capitalists in blockchain AI startups is also driving the market growth. That’s because venture capitalists are investing in blockchain AI startups to get a return on their investments.
Lastly, increasing partnerships between blockchain and AI companies are also driving the market growth. This is because partnerships help companies develop innovative solutions by sharing resources and expertise.
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Market Segments
- By Component
- Software
- Services
- By Application
- Payment & Settlement
- Data Security
- Data Sharing & Communications
- Asset Tracking & Management
- Others
- By Organization Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
- By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Spain
- Rest of Europe
- The Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East
- Africa
- North America
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Major Players
Key players studied in the report are Figure Technologies, Cyware Labs, Bitfury Group Limited, NetObjex, Fetch.ai, IBM, AlphaNetworks, Bext360, Blackbird.AI, BurstIQ and Chainhaus.
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