Blockchain AI Market is Expected to Surpass USD 2725.2 Million Valuation by 2031, Large Enterprises Projected to Spearhead Blockchain AI Demand Outlook

SkyQuest Reports: Blockchain AI Market Expected to Reach $2,725.2 Million by 2031

In a recent report by SkyQuest, the global Blockchain AI Market was valued at USD 358.0 Million in 2022 and is projected to grow to USD 2,725.2 Million by 2031, with a CAGR of 25.3% during the forecast period (2024-2031). The integration of artificial intelligence (AI) and blockchain technologies has led to the development of Blockchain AI solutions, which offer enhanced security, transparency, and intelligence. This convergence is expected to drive the growth of the blockchain AI market in the coming years.

The market is segmented based on components, technology, applications, deployment modes, organization size, industry verticals, and regions. Key highlights of the report include:

– Market revenue in 2023 was USD 448.5 million, with an estimated value of USD 2,725.2 million by 2031.
– The market is poised to grow at a CAGR of 25.3% during the forecast period of 2024-2031.
– Key market opportunities include SMEs emerging as lucrative end-users of blockchain AI solutions.
– Increasing deployment of blockchain AI in large enterprises is a key market driver.

The report covers various segments of the Blockchain AI market, including components (platforms/tools and services), technology (machine learning, computer vision, AI-based smart contracts, natural language processing), deployment modes (cloud-based, on-premises), applications (smart contracts, payment and settlement, data security, etc.), industry verticals (BFSI, healthcare, manufacturing, etc.), and organization size (SMEs, large enterprises).

Platforms and tools play a crucial role in harnessing the power of Blockchain and AI to create effective blockchain AI solutions. Large enterprises are more willing to invest in blockchain AI technologies to enhance security, transparency, and efficiency in their operations. SMEs are also expected to adopt blockchain AI solutions as they become more affordable, enabling them to expand their business scope and compete with larger players.

Machine learning technology is expected to play a pivotal role in the expansion of the Blockchain AI market, providing automation and detailed insights for companies. The market is still in its developmental stages, offering opportunities for both new and established companies to grow their business.

SkyQuest is an IP-focused Research and Investment Bank and Accelerator of Technology and assets, providing access to technologies, markets, and finance across various sectors. They work with innovators, inventors, entrepreneurs, companies, and investors to optimize the economic potential of their intellectual assets. With a presence in North America, Europe, ASEAN, and Asia Pacific, SkyQuest is at the forefront of innovation management and commercialization.

For more information, you can visit the SkyQuest website and access the detailed report on the Blockchain AI market. The Importance of Proper Nutrition for a Healthy Lifestyle

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