The Web 3.0 Blockchain Global Market Report 2023, provides comprehensive information on the web 3.0 blockchain market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Web 3.0 Blockchain Global Market Report 2023, the market size is expected to grow from $2.28 billion in 2022 to $3.25 billion in 2023 at a compound annual growth rate (CAGR) of 42.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global web 3.0 blockchain market size is expected to reach $13.36 billion in 2027 at a CAGR of 42.3%
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Technological advancements are a key trend gaining popularity in the Web 3.0 blockchain market. Major companies operating in the Web 3.0 blockchain market are adopting new technologies in their products to sustain their position in the market. For instance, in February 2022, WazirX, a cryptocurrency exchange platform, launched a new Web 3.0 platform called Shardeum to address the basic issues of scalability. Shardeum is an EVM-based, linearly scalable smart contract platform that maintains true decentralization and solid security through dynamic state sharding.
The web 3.0 blockchain market is segmented:
1) By Type: Public, Private, Consortium, Hybrid
2) By Application: Cryptocurrency, Conversational AI, Data And Transaction Storage, Payments, Smart Contracts, Other Applications
3) By End-User: Banking, Financial Services And Insurance (BFSI), Retail And E-commerce, Media And Entertainment, Pharmaceuticals, IT And Telecom, Other End Users
North America was the largest region in the web 3.0 blockchain market in 2022.
The table of contents in TBRC’s web 3.0 blockchain market report includes:
1. Executive Summary
2. Web 3.0 Blockchain Market Characteristics
3. Web 3.0 Blockchain Market Trends And Strategies
4. Web 3.0 Blockchain Market – Macro Economic Scenario
5. Web 3.0 Blockchain Market Size And Growth
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26. Africa Web 3.0 Blockchain Market
27. Web 3.0 Blockchain Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Web 3.0 Blockchain Market
29. Web 3.0 Blockchain Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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