Web 3.0 market is anticipated to grow at a CAGR of 46.2% during the forecast period (2023-2030). Web 3.0 is not a particular technology but represents decentralization, blockchain technology, and user empowerment. Specifically, Web 3.0 focuses on shifting from a centralized to a decentralized system. It mainly uses blockchain technology to ensure the transparency, security, and immutability of transactions and data management. Apart from blockchain, cryptocurrencies, tokens, and smart contracts are integral components of the Web 3.0 ecosystem. Decentralized applications (dApps), operating without reliance on a central authority, also work on the principles of Web3. These applications are community-driven, open-source, and frequently employ smart contracts and tokens to provide services that span from financial activities to social networking. Web 3.0 provides users with more privacy, transparency, and flexibility which is one of the main factors of the growing Web 3.0 market.
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The global Web 3.0 market is segmented by blockchain type, application, and end-user. Based on blockchain type the market is sub-segmented into the public, private, consortium, and hybrid blockchain type. Based on application, the market is sub-segmented into cryptocurrency, conversational Artificial Intelligence (AI), data and transaction storage, payments, and smart contracts. Based on end-user, the market is sub-segmented into Banking, Financial Services, and Insurance (BFSI), retail and e-commerce, media and entrainment, healthcare and pharmaceutical, Information Technology (IT), and telecommunications and gaming industry.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Web 3.0 Market Report Segment
By Blockchain Type
- Public
- Private
- Consortium
- Hybrid
By Application
- Cryptocurrency
- Conversational AI
- Data & Transaction Storage
- Payments
- Smart Contracts
By End-user
- Banking, Financial Services and Insurance (BFSI)
- Retail & E-commerce
- Media & Entertainment
- Healthcare and Pharmaceuticals
- IT & Telecommunications
- Gaming
Global Web 3.0 Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the Web 3.0 market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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