Web 3.0 Block-chain Market was valued at USD 1343.55 Million in 2022 and is projected to reach a value of USD 87761.35 Million in 2030, growing at a CAGR of 44.6%.
The decentralised web, also known as Web 3.0 block-chain, is the third generation of the internet that uses Decentralized Ledger Technology (DLT), Machine Learning (ML), and Big Data.
The Web 3.0 block-chain improves user experience and makes data analysis more consistent. Web 3.0 is more user-friendly and bidirectional than previous versions.
Government agencies are launching digitalization efforts to create a regulatory framework that will help Web 3.0 block-chains take off.
The global web 3.0 market is expected to rise due to rising data security concerns and increased industry investments to expand the applications of web 3.0 block-chain.
Consumers can employ new technologies and live a more fulfilling life as a result of rapid urbanisation, globalisation, and digitalization.
Human-like intelligence is now possible thanks to block-chain technology.
Web 3.0 is predicted to revolutionise the way social networks operate. The users of blockchain-based social media have complete control over the data that is shared and kept on the site. Users’ data is currently not safe on social media sites, which is leading to an increase in data breaches. For example, Facebook was sued in October 2020 for failing to protect users’ data in the Cambridge Analytica data breach. However, Web 3.0 social networks like Steemit, onG.Social, and Sola utilise blockchain technology, which helps to maintain customer data security and allows users to choose whether or not to share their data. Furthermore, these networks empower individuals by providing them with assets in exchange for their contributions.
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Global Web 3.0 Block-chain Market: Segmentations
Key Players
- Biance
- BTL Group Ltd.
- Chain, Inc.
- Circle Internet Financial Ltd.
- Deloitte Touche Tohmatsu Ltd.
- Digital Asset Holdings, LLC
- Filecoin
- Flux
- Global Arena Holding, Inc. (GAHI)
- Helium Systems Inc.,
- IBM Corp.
- Kadena
- Microsoft Corp.
- Monax
- Ocean Protocol Foundation Ltd.
- Polkadot
- Polkadot (Web3 Foundation)
- Ripple
- The Linux Foundation
- ZCash
Based on Block-chain Type:
- Public
- Consortium
- Private
- Hybrid
Based on Application:
- Cryptocurrency
- Conversational AI
- Smart Contracts
- Payments
- Data Transactions Storage
- Others
Based on End-User:
- Banking, Financial Services, and Insurance sector (BFSI)
- Retail & E-commerce
- Media & Entertainment
- Healthcare & Pharmaceuticals
- IT & Telecom
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Table Of Contents
- Introduction and Market Overview
- Executive Summary
- Trends, Outlook, and Factors Analysis
- Estimates & Historic Trend Analysis (2018 to 2021)
- Estimates & Forecast Trend Analysis, by Component
- Estimates & Forecast Trend Analysis, by Type
- Estimates & Forecast Trend Analysis, by Mobility
- Estimates & Forecast Trend Analysis, by Body part
- Estimates & Forecast Trend Analysis, by Treatment type
- Estimates & Forecast Trend Analysis, by Application
- Analysis and Forecast, by Region
- North America Web 3.0 Block-chain Market: Estimates & Forecast Trend Analysis
- Europe Web 3.0 Block-chain Market: Estimates & Forecast Trend Analysis
- Asia Pacific Web 3.0 Block-chain Market: Estimates & Forecast Trend Analysis
- Middle East & Africa Web 3.0 Block-chain Market: Estimates & Forecast Trend Analysis
- Latin America Web 3.0 Block-chain Market: Estimates & Forecast Trend Analysis
- Competitive Landscape
- Company Profiles
- Assumptions and Research Methodology
- Conclusions and Recommendations
Key Trends
Decentralized data ledgers:
The Web 3.0 Blockchain sector is rapidly growing, with a growing emphasis on decentralised data ledgers. The worthy benefits of Web 3.0 blockchain, notably in the cryptocurrency industry, have drawn significant R&D investments and grants for the technology’s further development. Web 3.0’s aptness to prevent internet attacks and breaches by ensuring data security and privacy further will augment the industry growth. Digitalization, gambling, and non-fungible tokens (NFTs) are all being transformed by cryptocurrency. The industry is anticipated to grow significantly in the next years as Web3 becomes more extensively embraced.
Development of Semantic technologies:
The development of semantic technologies can enhance the Web3.0 use. To make it the data protection tool, it is essential to base this technology on block-chain logic. As the real block-chain logic will make sure that we carry our data in a local manner. The peer to peer review system will keep users alert of the data block building.
Segmental Analysis of Global Web 3.0 Block-chain Market:
Based on Block-chain Type:
- Public
- Consortium
- Private
- Hybrid
Hybrid Web 3.0 is a term used to describe the integration of traditional centralized systems with decentralized blockchain technologies to create a more efficient and secure web. Hybrid Web 3.0 aims to address this issue by using a combination of centralized and decentralized systems to create a more scalable and efficient web. Blockchain technology is known for its high level of security. Hybrid Web 3.0 leverages this technology to create a more secure web, where users can trust that their data is safe and their transactions are secure.
Key Benefits
- This study comprises an analytical depiction of this market opportunity along with the current trends and future estimations to depict the imminent investment pockets.
- The overall this market forecast is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed smart Web 3.0 Block-chain market analysis.
- The smart Web 3.0 Block-chain industry is quantitatively analyzed from 2022 to 2030 to benchmark the financial competency.
- Porters five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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Recent Developments
- In March 2023, Chainlink, a decentralized oracle network, announced a collaboration with Google Cloud to offer its blockchain services to enterprises using the Google Cloud platform.
- In January 2023, ConsenSys, a blockchain software technology company, announced the launch of MetaMask Enterprise, a blockchain-based solution designed to meet the needs of large organizations.
- In December 2022, Ethereum Foundation, the non-profit organization that supports the development of the Ethereum blockchain, announced the launch of Ethereum 2.0, a major upgrade to the Ethereum blockchain network.
- In October 2022, Solana Labs, the blockchain technology company behind the Solana blockchain, announced that it had raised USD 450 million in a funding round led by Fidelity Investments.
- In September 2022, Binance, one of the world’s largest cryptocurrency exchanges, announced that it was launching a new blockchain platform called Binance Smart Chain 2.0, which will offer improved functionality and features compared to its predecessor.
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