“Global Blockchain AI Market to reach a market value of 2.2 Billion by 2031 growing at a CAGR of 23.2%”
The Global Blockchain AI Market size is expected to reach $2.2 billion by 2031, rising at a market growth of 23.2% CAGR during the forecast period.
The North America region witnessed 37% revenue share in this Market in 2023. North America remains the leading market for Blockchain AI, driven by the presence of major tech companies, financial institutions, and startups heavily investing in AI and blockchain technologies. The region’s advanced infrastructure, strong emphasis on innovation, and early adoption of digital transformation across sectors such as BFSI, healthcare, and retail contribute to its dominance.
As businesses increasingly rely on data to drive decision-making, the need for secure and transparent data management solutions has intensified. Blockchain offers a decentralized, immutable ledger system that ensures data integrity and transparency. In industries like finance, healthcare, and supply chain management, where sensitive information is regularly exchanged, blockchain’s ability to securely store and validate data without intermediaries makes it a compelling choice. Thus, the rising demand for secure, transparent, and efficient data management solutions drives the market's growth.
Additionally, AI has transformed enterprises, automating processes, improving decision-making, and enabling predictive insights. However, businesses face significant challenges in deploying AI solutions at scale, particularly ensuring data security and privacy. Blockchain technology offers a secure and decentralized infrastructure, ensuring that data used in AI models remains protected from tampering and unauthorized access. Hence, the growing need for secure and scalable AI applications in enterprise solutions propels the market's growth.
However, While blockchain and AI technologies offer immense potential, their adoption is often hindered by the high initial costs associated with their implementation. Setting up a blockchain network and integrating it with AI requires significant infrastructure, software, and investments in skilled personnel. Organizations must invest in blockchain platforms, AI models, and data processing capabilities, which can be prohibitively expensive, especially for small and medium-sized businesses. Hence, the high implementation and integration costs remain a significant challenge for businesses considering these solutions, limiting their widespread adoption.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
Based on organization size, this market is divided into large enterprises and SMEs. In 2023, the SMEs segment procured 33% revenue share in this market. SMEs increasingly adopt blockchain and AI technologies to streamline operations, reduce costs, and remain competitive. Many SMEs are leveraging cloud-based blockchain AI solutions to gain access to advanced technologies without significant upfront investments in infrastructure.
Based on technology, this market is divided into machine learning (ML), computer vision, natural language processing (NLP), and others. The natural language processing (NLP) segment held 28% revenue share in this market in 2023. NLP, which enables machines to understand, interpret, and generate human language, is gaining significant traction in blockchain applications. Through voice and text, it plays a critical role in enhancing user interaction with blockchain platforms, such as smart contracts and decentralized applications (dApps).
Based on application, this market is categorized into logistics & supply chain management, smart contracts, payments & settlements, governance, risk, & compliance management, and others. The smart contracts segment witnessed 21% revenue share in this market in 2023. Smart contracts are self-executing contracts with terms directly written into code, enabling secure, automated transactions without intermediaries. AI enhances the functionality of smart contracts by providing predictive analytics, improving contract execution, and detecting potential risks or fraud.
By deployment mode, this market is divided into cloud and on-premise. The on-premise segment procured 25% revenue share in this market in 2023. While cloud solutions dominate, some organizations prefer on-premise deployments due to data privacy, security, and regulatory compliance concerns. On-premise blockchain AI solutions give businesses greater control over their data and infrastructure, which is particularly important for industries with strict data protection requirements, such as government and healthcare.
On the basis of component, the blockchain AI market is segmented into platform and services. In 2023, the services segment attained 30% revenue share in this market. The services segment includes professional services such as consulting, integration, support, and maintenance, helping organizations implement and optimize these solutions. While the platform segment dominates, services are essential in assisting businesses in adopting this technology, customizing solutions to their needs, and ensuring smooth operation after deployment.
On the basis of vertical, this market is categorized into BFSI, government, energy & utilities, healthcare & life sciences, telecom, media & entertainment, manufacturing, retail & consumer goods, travel & transportation, and others. In 2023, the healthcare & life sciences segment held 19% revenue share in this market in 2023. The healthcare industry is leveraging blockchain and AI to improve data security, enhance patient care, streamline administrative processes, and ensure compliance with regulations. Blockchain’s ability to securely store and share medical data, combined with AI’s ability to analyze vast amounts of health data, drives innovation in personalized medicine, drug development, and patient management.
Free Valuable Insights: Global Blockchain AI Market size to reach USD 2.2 Billion by 2031
Region-wise, this Market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Europe region generated 31% revenue share in this Market. Europe is also experiencing significant growth in Blockchain AI adoption, particularly in finance, manufacturing, and government sectors. The European Union’s focus on digitalization and data protection regulations like GDPR implementation encourages businesses to adopt secure, AI-powered blockchain solutions.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 455.6 Million |
| Market size forecast in 2031 | USD 2.2 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 23.2% from 2024 to 2031 |
| Number of Pages | 379 |
| Tables | 680 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Component, Deployment Mode, Organization Size, Technology, Application, Vertical, Region |
| Country scope |
|
| Companies Included | Amazon Web Services, Inc. (Amazon.com, Inc.), Accenture PLC, Hewlett Packard Enterprise Company, LeewayHertz (Hackett Group), Google LLC, IBM Corporation, Oracle Corporation, Matrix IFS (Matrix Business IT), ConsenSys Software Inc., and Unicsoft LP |
By Component
By Deployment Mode
By Organization Size
By Technology
By Application
By Vertical
By Geography
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 