Web 3.0 Market: Global Industry Forecast (2022-2029) by Blockchain Type, Application, Vertical, and Region

Web 3.0 Market size was valued at US$ 5.7 Bn. in 2021 and the total Web 3.0 revenue is expected to grow at 35.4% from 2022 to 2029, reaching nearly US$ 64.38 Bn.

Web 3.0 Market Overview:

Web 2.0 democratized the Internet by transferring web content production control away from coders and website developers and into the hands of anybody with an internet connection. Individuals, corporations, and organizations from all around the world have contributed to the growth and evolution of Internet content. The volume of information on the Internet is now enormous, but it is also disordered and unstructured, similar to a database into which data is added haphazardly, limiting the capacity to retrieve important and correct information. Web 3.0 offers to combine the massive amount of data available on the Internet to make it more usable and relevant to consumers. The report explores the Web 3.0 market's segments (Blockchain Type, Application, Vertical, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Web 3.0 market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Web 3.0 market's contemporary competitive scenario. Web 3.0 Market To know about the Research Methodology :- Request Free Sample Report

Web 3.0 Market Dynamics:

The scope of Web 3.0 technologies in the e-learning sector is one of the major drivers of market growth. The Internet's continual growth has created previously inconceivable opportunities and problems in web-based teaching and learning. The original web, i.e. Web 1.0, began as a Read-only medium; the subsequent version, Web 2.0, set up itself as a Read and Write form of media. However, Web 3.0, the currently emerging version of the web, is believed to be a technology-driven medium that allows people to Read, Write and Execute and also enables robots to carry out some of the thinking previously expected solely from humans. Web 2.0, and now Web 3.0, have generated new resources and software for aiding web-based teaching and knowledge in a relatively short period. The business intelligence advantages associated with Web 3.0 are expected to be one of the major opportunities in the market. • Overall, there has been a greater level of collaboration between customers, developers, and computers. With Web 3.0 enabling robots to read, comprehend, and reason with info on the Internet, data will become more unified and comprehensive, more readily available, and more useful to information consumers. • Web 3.0's autonomous properties will reduce the workload of data administration and allow new intuitive and personalized web applications. In this sense, online services refer to websites that not only give basic information and allow users to interact and contribute information but also have the capacity to develop new Web services depending on user requests. • The capacity of Web 3.0 to consolidate and arrange data on its own will improve the accuracy and accessibility of research data banks. This will improve information systems and allow for more productive and collaborative research with fewer constraints (such as language barriers). It will also help to improve business intelligence and big data abilities. Web 3.0 MarketThe privacy and safety concerns associated with Web 3.0 are expected to be a major restraint in the overall market growth. Adjusting to new technology is sometimes associated with the risk of social engineering, and Web 3.0 is no different. The majority of security problems involving Web 3.0 users are the result of social engineering tactics e.g. wallet cloning. Users should be cautious not to be duped into sharing their "seed phrase." If a user's bitcoin wallet is lost or destroyed, they can retrieve their wallet and all of its assets by entering a 12 to 24-word "seed phrase," which is effectively their secret key. Somebody with access to the private key can duplicate and use a bitcoin wallet as their own. As a result, many fraudsters who want to steal cryptocurrencies or NFTs (non-fungible tokens) look for a participant's seed phrase. Another technique used by attackers to detach people from their seed phrase is to masquerade as a customer service representative who responds to widely posted Twitter or Discord server inquiries from consumers. Perpetrators will watch these channels and approach individuals to offer "assistance," eventually convincing them to divulge their private keys.

Web 3.0 Market Segment Analysis:

By Blockchain Type, the public blockchain segment is expected to grow at a CAGR of 10.3% in the forecast period. Blockchain is the cornerstone for web 3.0, particularly when considering how it modifies data structures in the web's backend. Most importantly, it aided in the construction of a control layer that would run on top of the current internet. The control layer can now allow two strangers who do not trust each other to establish accords and settle transactions over the internet. Surprisingly, the blockchain functions in web 3.0 would mostly focus on delivering a backend innovation. From a technological standpoint, web 3.0 may be thought of as a set of blockchain-based protocols aimed at transforming the internet's backbone wiring. Most importantly, it is simple to think about blockchain as a decentralized global computer that will alter our perception of the internet. Web 3.0 MarketWeb 3.0 startups are creating a myriad of opportunities for blockchain segment growth. A few of them are listed below: • Biconomy - It provides a cross-chain transfer protocol that can function over many blockchains, and its ultimate purpose is to provide a service with an easily implementable API for integrating a decentralized payment gateway. To enhance Web 3.0 usage, the firm has forged a relationship with WazirX. It attempts to make transactions easier for decentralized projects to implement. • Brave - It is a well-known web browser that is noted for its quick surfing speed and ad blocker. It is also regarded as one of the most important browsers for Web 3.0, having recently introduced blockchain integration and its cryptocurrency known as BAT. • KoineArth - Its purpose is to build networks, markets, and economies based on trustworthy information and incentives. The startup provides a blockchain platform to customers to provide them with a decentralized operated data platform.

Web 3.0 Market Regional Insights:

The APAC region is expected to dominate the Web 3.0 market at the end of the forecast period. China is becoming the world leader in blockchain development, while also aiming to re-centralize decentralization and compel the rest of the world to play by its rules. Distributed technologies, such as Blockchain-based networks, are becoming the foundation that will support Web 3.0, but it is becoming evident that China's vision for Web 3.0 differs significantly from the rest of the world. Although China deliberately prohibits its citizens from using foreign cryptocurrencies, the country is fast extending its development of various indigenous Blockchain-based technologies. China submitted more blockchain-related copyrights than any other country in 2017. China has also just mandated that Blockchain is expected to be the main pillar of its 13th national 5-year plan, which includes a demand for China's Guangdong free-trade zone to accelerate Blockchain development. Traditionally, when technology or system is advocated from the top down to China's free-trade zones, it is a good indicator that China has big ambitions for that system – generally for commercialization as well as wide-scale civic implementation across the country. For example, the country intends to rapidly adapt its Blockchain-based architecture to aid in the management, control, and driving of trade along its enormous new One Belt, One Road Initiative i.e. OBOR. The potential of OBOR has an enormous economic attraction to many countries throughout the world. Because China is expected to retain near-total control over OBOR, it may force any government, organization, or company participating in any manner to embrace China's vision of Web 3.0 and Blockchain-based services. Web 3.0 MarketThe objective of the report is to present a comprehensive analysis of the Web 3.0 market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Web 3.0 market dynamics, and structure by analyzing the market segments and projecting the Web 3.0 market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Web 3.0 market make the report investor’s guide.

Web 3.0 Market Scope: Inquiry Before Buying

Global Web 3.0 Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 5.69 Bn.
Forecast Period 2022 to 2029 CAGR: 35.4% Market Size in 2029: US $ 64.38Bn.
Segments Covered: by Blockchain Type • Public • Private • Consortium • Hybrid
by Application • Cryptocurrency • Conversational AI • Data & transaction storage • Payments • Smart contracts • Others
by Vertical • BFSI • E-commerce & Retail • Media & Entertainment • Healthcare & Pharmaceuticals • IT & Telecom • Others

Web 3.0 Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Web 3.0 Market Key Players

• Polkadot • Helium Systems Inc. • Ocean Protocol Foundation Ltd • Decentraland • Binance • Alchemy Insights, Inc. • Polygon • Terra • DECENTERNET • Binance • Crypto.Com • Coinbase • Ripple • Consensys • Okcoin • Sygnum Bank Ag FAQs: 1. Which is the potential market for Web 3.0 in terms of the region? Ans. China is the potential market for Web 3.0 in terms of the region. 2. What are the opportunities for new market entrants? Ans. The business intelligence advantages associated with Web 3.0 are expected to be one of the major opportunities in the market. 3. What is expected to drive the growth of the Web 3.0 market in the forecast period? Ans. The scope of Web 3.0 technologies in the e-learning sector is one of the major drivers of market growth. 4. What is the projected market size & growth rate of the Web 3.0 Market? Ans. Web 3.0 Market size was valued at US$ 5.7 Bn. in 2021 and the total Web 3.0 revenue is expected to grow at 35.4% from 2022 to 2029, reaching nearly US$ 35.12 Bn. 5. What segments are covered in the Web 3.0 Market report? Ans. The segments covered are Blockchain Type, Application, Vertical, and Region.
1. Global Web 3.0 Market: Research Methodology 2. Global Web 3.0 Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Web 3.0 Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Web 3.0 Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Web 3.0 Market Segmentation 4.1 Global Web 3.0 Market, by Blockchain Type (2021-2029) • Public • Private • Consortium • Hybrid 4.2 Global Web 3.0 Market, by Application (2021-2029) • Cryptocurrency • Conversational AI • Data & transaction storage • Payments • Smart contracts • Others 4.3 Global Web 3.0 Market, by Vertical (2021-2029) • BFSI • E-commerce & Retail • Media & Entertainment • Healthcare & Pharmaceuticals • IT & Telecom • Others 5. North America Web 3.0 Market(2021-2029) 5.1 North America Web 3.0 Market, by Blockchain Type (2021-2029) • Public • Private • Consortium • Hybrid 5.2 North America Web 3.0 Market, by Application (2021-2029) • Cryptocurrency • Conversational AI • Data & transaction storage • Payments • Smart contracts • Others 5.3 North America Web 3.0 Market, by Vertical (2021-2029) • BFSI • E-commerce & Retail • Media & Entertainment • Healthcare & Pharmaceuticals • IT & Telecom • Others 5.4 North America Web 3.0 Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Web 3.0 Market (2021-2029) 6.1. European Web 3.0 Market, by Blockchain Type (2021-2029) 6.2. European Web 3.0 Market, by Application (2021-2029) 6.3. European Web 3.0 Market, by Vertical (2021-2029) 6.4. European Web 3.0 Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Web 3.0 Market (2021-2029) 7.1. Asia Pacific Web 3.0 Market, by Blockchain Type (2021-2029) 7.2. Asia Pacific Web 3.0 Market, by Application (2021-2029) 7.3. Asia Pacific Web 3.0 Market, by Vertical (2021-2029) 7.4. Asia Pacific Web 3.0 Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Web 3.0 Market (2021-2029) 8.1 Middle East and Africa Web 3.0 Market, by Blockchain Type (2021-2029) 8.2. Middle East and Africa Web 3.0 Market, by Application (2021-2029) 8.3. Middle East and Africa Web 3.0 Market, by Vertical (2021-2029) 8.4. Middle East and Africa Web 3.0 Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Web 3.0 Market (2021-2029) 9.1. South America Web 3.0 Market, by Blockchain Type (2021-2029) 9.2. South America Web 3.0 Market, by Application (2021-2029) 9.3. South America Web 3.0 Market, by Vertical (2021-2029) 9.4 South America Web 3.0 Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Polkadot 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Helium Systems Inc. 10.3 Ocean Protocol Foundation Ltd 10.4 Decentraland 10.5 Binance 10.6 Alchemy Insights, Inc. 10.7 Polygon 10.8 Terra 10.9 DECENTERNET 10.10 Binance 10.11 Crypto.Com 10.12 Coinbase 10.13 Ripple 10.14 Consensys 10.15 Okcoin 10.16 Sygnum Bank Ag

About This Report

Report ID 145485
Category Information Technology & Telecommunication
Published Date Sept 2022
Updated Date
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