The global blockchain AI market was valued at USD 285.7 million in 2022 and it is anticipated to grow further till USD 2726.7 million by 2032, at a CAGR of 25.3% during the forecast period.
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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.
Market Driver and Trends
There are a few key drivers of the Blockchain AI market. Firstly, the increasing adoption of blockchain technology in various industries is driving the market growth. Blockchain is being used in a wide range of industries such as healthcare, supply chain, banking, and others. This is because of the various advantages offered by blockchain such as transparency, immutability, and security.
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Secondly, the increasing use of artificial intelligence in various applications is also driving the market growth. AI is being used in various applications such as chatbots, predictive analytics, and others. This is because AI offers various benefits such as increased accuracy, efficiency, and others.
Thirdly, the increasing investment by venture capitalists in blockchain AI startups is also driving the market growth. This is because the venture capitalists are investing in blockchain AI startups to get a return on their investment.
Lastly, the increasing partnerships between blockchain and AI companies is also driving the market growth. This is because the partnerships help the companies to share their resources and expertise to develop innovative solutions.
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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)
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