🔍Market Research & Analysis.

NodeGPT is focused on enhancing the potential of AI by providing innovators with on-demand access to computational power, enabling seamless development of new AI models through decentralized computing. This solution will bring the AI revolution a stride closer to being mainstream, while providing a rewarding experience for both network contributors and innovators.

Cloud computing vendors such as; AWS, Oracle Cloud, Google Cloud Platform, IBM Cloud, and Microsoft Azure have been the predominant providers of cloud-based related solutions. They provide the necessary infrastructure, services, and platforms for AI workloads, allowing businesses to deploy AI models at scale, without the high costs and complexities of traditional on-premises systems.

In 2023, the global cloud AI market was valued at approximately $602.31B and is expected to grow at a CAGR of 21.2% from 2024 to 2030. According to Gartner, by 2025, more than 50% of organizations are expected to have deployed AI solutions in some form, with the majority of these applications running on cloud platforms.

Compared to the market size of cloud computing in web3 which is projected to reach $65.78 billion in 2032, this shows the immense opportunity for growth in this sector.

The microscale market size of cloud computing in web3 presents an unprecedented opportunity for NodeGPT. AI already has a significant market share due to its recent successes in improving various models that can be used in real-life situations. Providing a network that further improves its case is a huge opportunity for NodeGPT and web3 at large.

Web3 AI sector size is one of the fastest growing narratives in the crypto ecosystem together with DePIN, which is the intersection of sectors where NodeGPT finds itself. The market size of AI & DePIN together stands at over $49B and is expected to grow even bigger with more breakthroughs in decentralized AI infrastructures.

In the last month, these two sectors have gained more attention as more concerns arise about powerful AI systems, converging only to a few institutions giving them unprecedented power over the future of AI. According to DeFillama, the AI sector comes third after NFT Marketplaces and the Meme sectors, in Market-Capitalization weighted performance.

Artemis data terminal takes a slightly different approach to estimating sector performance. It considers the change in the fully diluted market capitalization of all tokens in the sector, and again AI leads the performance with DePIN ranking second, which strongly suggests the inflow of liquidity into these sectors highlighting the trend of decentralized infrastructures for the democratization of AI systems as early as possible before power is concentrated in the hands of a few.

The core principle of Web3 is decentralization, and decentralized cloud platforms like NodeGPT, will play a central role to the Web3 ecosystem, as it aligns best with its tenet. Our decentralized platforms allow users to rent out underutilized storage and computing power, providing a distributed, more secure cloud computing alternative.

The market trend of edge computing also drives the need for solutions like NodeGPT. It plays an important role in bringing computing closer to the data source. This reduces latency and enhances performance for real-time applications, including IoT and AR systems. Edge computing is crucial for many decentralized services, ensuring efficient data processing and reducing the load on centralized servers.

Incorporating decentralized networks to solve the pressing issues that plague the AI world in regards to insufficient and costly computational power that hinders startups, independent developers, and students from training and deploying sophisticated AI models, opens a window for what NodeGPT is building, and we are strategically positioned to capture a good amount of the market share with our project.