Web 3.0 Blockchain Market Outlook 2027 Global Industry Size, Share, Trends, Opportunity and Forecast

According to TechSci Research, The global web 3.0 blockchain market is expected to grow at an impressive CAGR in the forecast period, 2023-2027. The continuous evolution of technologies, shifts in data ownership towards users, and increased concerns regarding data security are the key factors driving the growth of the global web 3.0 blockchain market.

Web 3.0 blockchain, also known as the decentralized web, is the upcoming third generation of the internet. Applications and websites can process information in a smart human way using technologies like decentralized ledger technology (DLT), machine learning (ML), and Big Data. In web 3.0 blockchain, users and machines can interact with data and are expected to be more user-friendly and interactive than previous versions. Leading authorities of developed and developing countries are launching digital transformation initiatives and providing a regulatory framework to support the growth of blockchain technology.

Ability to Enhance User Experience Drives the Market Growth

Growing expenditure capacity of consumers and rapid urbanization, globalization, and digitalization are making the users aware of the advancements in technology to live a quality life. Web 3.0 blockchain can provide a customized and enhanced browsing experience to users by delivering smart and human-like assistants to categorize, analyze and study the data more efficiently. Blockchain technology drives the process of collecting and managing data across the web and offers the system human-like intelligence. With growing consumer awareness, the demand for custom services is increasing at an exponential rate. The centralized system is going to be a decentralized system providing enhanced data connectivity that is not giving single authority to a single user or system. Web 3.0 is expected to improve users' data security and privacy as it acts as a system for specific users and adopts advanced safety protocols to prevent data hacking.

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Rise In Awareness About Cryptocurrency Supports Market Growth

Digital assets are gaining popularity among users and are expected to witness huge growth opportunities in the next five years. The expected roll-out of 5G and 6G technology and proliferation of connected devices among the users is expected to play a significant role in web 3.0 blockchain technology penetration. It is expected to provide inclusive payment services with improved security to users, enabling smooth and safe transactions between two entities. Cryptocurrencies associated with the web 3.0 blockchain are known as web 3.0 cryptocurrencies or web 3.0 tokens. Web 3.0 blockchain offers the users more control over the digital content as it is a decentralized infrastructure, thereby shifting the dependency of transactions and permissions away from a central authority. Other benefits of the web 3.0 blockchain include complete user control, affordability, and compatibility with the hardware wallets.

Market Segmentation

The global web 3.0 blockchain market is segmented based on blockchain type, application, vertical, organization size, company, and regional distribution. Based on the blockchain type, the market is divided into public, private, consortium, and hybrid. Based on the application, the market is divided into cryptocurrency, conversational AI, data & transaction storage, payments, smart contract, and others. Based on the vertical, the market is divided into BFSI, E-commerce & retail, media & entertainment, healthcare & pharmaceuticals, IT & telecom, and others. Based on the organization size, the market is divided into small and medium-sized enterprises and large enterprises. The market analysis also studies the regional segmentation, divided among North American region, Asia-Pacific region, European region, South American region, and Middle East & African region.

Market Players

Polkadot (Web3 Foundation), Helium Systems Inc., Ocean Protocol Foundation Ltd., Decentraland, Flux, Filecoin, Kadena, ZCash are the major market players leading the growth of the global web 3.0 blockchain market.

Attribute	Details
Base Year	2021
Historic Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments covered	·         Blockchain Type ·         Application ·         Vertical ·         Organization Size
Regional scope	North America; Asia Pacific; Europe; South America; Middle East & Africa
Country scope	United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Italy; Spain; Poland; Denmark; Brazil; Argentina; Colombia; Poland; Denmark; Saudi Arabia; South Africa; UAE; Iraq; Turkey
Key companies profiled	Polkadot (Web3 Foundation), Helium Systems Inc., Ocean Protocol Foundation Ltd., Decentraland, Flux, Filecoin, Kadena, ZCash
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global web 3.0 blockchain market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Web 3.0 Blockchain Market, By Blockchain Type:
• Public
• Private
• Consortium
• Hybrid
• Web 3.0 Blockchain Market, By Application:
• Cryptocurrency
• Conversational AI
• Data & Transaction Storage
• Payments
• Smart Contract
• Others
• Web 3.0 Blockchain Market, By Vertical:
• BFSI
• E-commerce & Retail
• Media & Entertainment
• Healthcare & Pharmaceuticals
• IT & Telecom
• Others
• Web 3.0 Blockchain Market, By Organization Size:
• Small and Medium-Sized Enterprises
• Large Enterprises
• Web 3.0 Blockchain Market, By Region:
• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Singapore
• Malaysia
• Europe
• Germany
• United Kingdom
• France
• Italy
• Spain
• Poland
• Denmark
• South America
• Brazil
• Argentina
• Colombia
• Peru
• Chile
• Middle East & Africa

§  Saudi Arabia

§  South Africa

§  UAE

§  Iraq

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global web 3.0 blockchain market.

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