Blockchain AI Market Size, Share, Growth Analysis, By Component(Large Enterprises, and Small & Medium Enterprise), By Technology(Computer Vision, Machine Learning (ML), Natural Language Processing (NLP), and Others), By Deployment Mode(Cloud-based, and On-premises), By Application(Smart Contracts, Logistics and supply Chain Management, Payments and Settlements, Governance), By End-Use(BFSI, Energy & Utilities, Government, Healthcare), By Region - Industry Forecast 2024-2031

Global Blockchain AI Market size was valued at USD 358.0 Million in 2022 and is poised to grow from USD 448.5 Million in 2023 to USD 2,725.2 Million by 2031, growing at a CAGR of 25.3% in the forecast period (2024-2031).

Partnerships between leading blockchain platforms like Ethereum and renowned AI technology companies like IBM Watson. In this partnership, Ethereum offers a decentralized framework for secure and transparent data storage and communications, while IBM Watson offers its advanced AI capabilities for data analysis, pattern recognition, and natural language processing. Ethereum and IBM Watson work together to create decentralized AI solutions designed for industries such as healthcare, where data privacy and security are paramount. For example, AI systems dedicated to medical research could be developed institutions to safely share patient data while preserving individual privacy rights and regulatory compliance. Blockchain infrastructure that can also be searched ensures data immutability and transparency, while IBM Watson AI algorithms enable data analytics to move visual and predictive models can gain insights into medical research and personal health. 'Microsoft Corp. ', 'IBM Corp. ', 'Oracle Corp. ', 'AlphaNetworks Inc. ', 'Salesforce. Com Inc. ', 'Fidelity Information Services LLC ', 'CertiK ', 'Barca Vision ', 'Core Scientific Inc. ', 'Hannah Systems ', 'ORS Group ', 'Figure Technologies Inc. ', 'SandboxAQ ', 'Plato Technologies Inc. ', 'NetObjex Inc. ', 'Phlo Systems Ltd. ', 'Cyware Labs Pvt. Ltd. ', 'Bext Holdings Inc. ', 'Neurochain Tech ', 'Fetch.Ai ', 'Solidus Labs ', 'Gainfy Healthcare Network'

Data economics solutions enable business functions to scale and help organizations gain insights from business data during the analytics phase. Organizations are using these solutions to make specific business decisions. Advances in artificial intelligence (AI), Internet of Things (IoT), and big data technologies can increase the adoption of data economy solutions in enterprises. 

Growing Demand for NLP-powered Blockchain Solutions: The increasing demand for the integration of blockchain and AI-based natural language processing (NLP) solutions in large enterprises is expected to be one of the key drivers for the growth of this market. The combination of non-interference and error-free properties with the immutable and unalterable nature of blockchain is crucial for the security of sensitive data by NLP solutions and algorithms. NLP-based blockchain solutions are offered to users using end-user ERP systems, security systems, etc. NLP-blockchain solutions also address the healthcare industry's needs to enhance patient experience and care through advanced, intelligent NLP platforms that generate insights from medical data. The combination of these two technologies can provide more accurate results. To meet the growing demand for such solutions, market players are focusing on developing integrated blockchain solutions using NLP technology.

North America is dominating the global blockchain AI market share during the forecast period. The sector’s leading position is mainly a result of increased investments and a growing number of blockchain projects in the US and Canada. received about 2,000 blockchain transactions. Additionally, governments in North America are focusing on implementing blockchain and artificial intelligence-based solutions in their civil services, defense, military, military banks, airports, and other industries.