According to a new report, published by KBV research, 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 Platform segment generated the maximum revenue in the Global Blockchain AI Market by Component in 2023, thereby, achieving a market value of $1.5 billion by 2031. Platforms in the blockchain AI market provide the underlying infrastructure and tools necessary for developing, deploying, and managing AI-powered blockchain applications. These platforms typically include blockchain frameworks, smart contract capabilities, and integration tools, enabling organizations to leverage the power of AI and blockchain in various industries, including finance, supply chain, and healthcare.
The Cloud segment is showcasing a CAGR of 23.9 % during the forecast period. Cloud-based deployment offers several advantages, such as scalability, flexibility, and cost-efficiency, making it the preferred choice for businesses looking to integrate blockchain and AI technologies. Cloud platforms enable organizations to deploy AI-driven blockchain applications quickly without significant upfront infrastructure investments.
The Large Enterprises segment captured the maximum revenue in the Global Blockchain AI Market by Organization Size in 2023, thereby, achieving a market value of $1.5 billion by 2031. Large enterprises are leading the adoption of blockchain and AI technologies due to their extensive resources, infrastructure, and ability to scale complex solutions. These organizations typically require advanced AI-powered blockchain applications to manage large-scale operations, improve security, optimize supply chains, and enhance decision-making processes.
The Machine Learning (ML) segment is experiencing a CAGR of 22.5 % during the forecast period. Machine learning is one of the most widely adopted technologies in blockchain AI, driving advancements in data analysis, prediction models, and decision-making. ML algorithms are crucial in processing large amounts of data on blockchain networks, allowing for improved security, fraud detection, and transaction efficiency.
The Logistics & Supply Chain Management segment led the maximum revenue in the Global Blockchain AI Market by Application in 2023, thereby, achieving a market value of $971 million by 2031. Blockchain combined with AI is particularly effective in optimizing supply chains by enhancing transparency, traceability, and efficiency. AI algorithms can analyze data across blockchain networks to predict demand, optimize inventory, and identify potential disruptions, while blockchain provides secure and decentralized tracking of goods.
The BFSI segment is growing at a CAGR of 20.8 % during the forecast period. Blockchain and AI technologies are particularly valuable in the BFSI sector for improving fraud detection, enhancing security, optimizing financial processes, and enabling more efficient and transparent transactions. Blockchain provides decentralized, tamper-proof ledgers for financial transactions, while AI helps with predictive analytics, risk management, and customer insights.
Full Report: https://www.kbvresearch.com/blockchain-ai-market/
The North America region dominated the Global Blockchain AI Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $802.4 million by 2031. The Europe region is anticipated to grow at a CAGR of 23% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 24.1% during (2024 - 2031).
By Component
By Deployment Mode
By Organization Size
By Technology
By Application
By Vertical
By Geography
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