Dublin, Aug. 04, 2023 (GLOBE NEWSWIRE) -- The "Blockchain AI Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global blockchain AI market has experienced remarkable growth, surging from $0.39 billion in 2022 to $0.48 billion in 2023, boasting an impressive compound annual growth rate (CAGR) of 25.1%. The market is anticipated to continue its upward trajectory, projected to reach a substantial value of $1.18 billion by 2027, with an expected CAGR of 25.2%.
This growth is fueled by the widespread adoption of cutting-edge technologies such as computer vision, machine learning (ML), and natural language processing (NLP) in the blockchain AI industry.
These technologies find extensive applications in various verticals, including BFSI, telecom, healthcare, manufacturing, media, automotive, and others, revolutionizing processes like smart contracts, payment systems, data security, logistics, and supply chain management.
As enterprises increasingly invest in blockchain AI technology, it emerges as a promising trend, enhancing the efficiency and success of businesses worldwide. The powerful combination of artificial intelligence and blockchain technology, facilitating secure and transparent data management, proves to be a game-changer in managing large databases and optimizing business operations.
North America was the largest region in the blockchain AI market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the blockchain AI market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the blockchain AI market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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 growth.
The blockchain AI market includes revenues earned by entities by providing software tools to store and distribute organizational data in distributed immutable ledger systems using AI models to enhance the data security of organizations. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $0.48 billion |
| Forecasted Market Value (USD) by 2027 | $1.18 billion |
| Compound Annual Growth Rate | 25.2% |
| Regions Covered | Global |
Major players in the blockchain AI market are
- Cyware Labs
- Core Scientific
- Ai-Blockchain
- AlphaNetworks
- Bext360
- BurstIQ
- Neurochain Tech
- Figure Technologies
- NetObjex
- Fetch.ai
- Chainhaus
- CoinGenius
- Computable
Key Topics Covered:
1. Executive Summary
2. Blockchain AI Market Characteristics
3. Blockchain AI Market Trends And Strategies
4. Blockchain AI Market - Macro Economic Scenario
4.1. COVID-19 Impact On Blockchain AI Market
4.2. Ukraine-Russia War Impact On Blockchain AI Market
4.3. Impact Of High Inflation On Blockchain AI Market
5. Blockchain AI Market Size And Growth
5.1. Global Blockchain AI Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Blockchain AI Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Blockchain AI Market Segmentation
6.1. Global Blockchain AI Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Computer Vision
- Machine Learning (ML)
- Natural Language Processing (NLP)
- Other Technologies
6.2. Global Blockchain AI Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- BFSI
- Telecom & IT
- Healthcare and Life science
- Manufacturing
- Media & Environment
- Automotive
- Other Verticals
6.3. Global Blockchain AI Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Smart Contract
- Payment
- Data Security
- Logistics and supply chain management
- Business process optimization
- Other Applications
7. Blockchain AI Market Regional And Country Analysis
7.1. Global Blockchain AI Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Blockchain AI Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/sb2qai
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