All updated as on -
The estimated size of the global Web 3.0 Blockchain market was around USD 2.89 billion in 2023 and is anticipated to grow to USD 16.9 billion by 2030, at a CAGR of 43.9 percent during the forecast period (2022-2030).
The third generation of internet services, or the generation to come, is referred to as Web 3.0. It is also a stage in the evolution of the web. This transition will be aided by the advancement and expansion of machine learning (ML) and artificial intelligence (AI) capabilities, as well as the meteoric rise of blockchain technology. Given that web 3.0 businesses will use decentralized protocols, blockchain technology is essential to their development. Web 3.0 blockchain technology is now in the R&D stage and could take a year to commercially launch. The expansion can be ascribed to the development of internet technologies as well as the rising desire for data privacy enabled by Web 3.0's decentralized identity. The swift rise in popularity of digital assets like cryptocurrencies and the introduction of 5G and 6G technology are also projected to support the expansion. The growth of linked devices and improved transaction procedures are both beneficial to the Web 3.0 blockchain industry.
Social network platforms that aim to enhance customer experience, such as how customers communicate, connect, and establish communities, also employ Web 3.0 technologies. An important aspect promoting the industry's expansion is the increase in investments in Web 3.0 blockchain technology. For example, according to information from the financial analysis firm Venture Intelligence, Web 3.0 and cryptocurrency firms raised more than USD 1 billion in funding across 43 acquisitions in the first half of 2022. A lot of firms are establishing Web 3.0 initiatives to assist startups in growing their businesses and creating novel solutions. For instance, KiwiTech, a provider of an innovation ecosystem, introduced a Web 3.0 Center of Excellence service in July 2022 to support startup businesses with their next-generation blockchain ideas. During the forecast period, the market is anticipated to benefit from lucrative growth prospects brought on by the debut of such services.
Market growth is anticipated as a result of the COVID-19 pandemic. The pandemic's persistence has led to an increase in online payments and e-commerce site usage. The popularity of Web 3.0 blockchain technology for processing online payments expanded along with the growth of online shopping because blockchain technology enables quicker transactions and more security. Additionally, it is anticipated that the industry would increase as a result of the increasing usage of blockchain technology applications in smart contracts and cryptocurrencies.
Artificial intelligence (AI), machine learning (ML), and blockchain technology are the three key pillars of web 3.0. The web 3.0 blockchain is designed to support decentralized data storage while protecting user privacy and personal data security. Web 3.0 has changed how people and machines interact with one another because of its frictionless ownership transfers, cryptocurrency-based payments, and data exchanges. Web 3.0 is made possible by blockchain technology, which gives users the freedom to decide which information to disclose. In web 3.0, a blockchain is produced using decentralized technologies. Therefore, all transactions are open and well-documented. Blockchain makes use of methods for tracking information to make sure that user data is not changed or tampered with. Blockchain technology for Web 3.0 increases the transparency of the payment system by making every transaction permanent and recordable. When users are audited, they can gain from this.
Although web 3.0 blockchain technology has more advantages than earlier iterations, its development is being hindered since not enough people are aware of how to utilize and implement it. The unethical use of AI, aggressive business methods, and treatment of user data by tech giants like Google, Facebook, Microsoft, and Amazon have come under growing scrutiny in recent years. Web 3.0 has received more attention and is thought to be safer as a result, although its progress has been limited by people's unfamiliarity with it. Users are unaware of any alternatives to cryptocurrencies for the web 3.0 blockchain.
In the Web 3.0 age, blockchain technology is continually evolving. IT has various benefits for users, including lower operational costs, quicker download and upload times, a lower risk of cyberattacks, and control over personal data. Recent years have seen a number of important technical advancements, including the Internet of Things and the use of blockchain technology into logistics and operations. There is a lot of research and development being done to make the technology more scalable in order to exploit it to its maximum potential in areas like surfing, social networking, messaging, and data storage. Web 3.0 technology have encouraged the growth of NFT payment systems and digital collectibles during the past few years.
Report Coverage
Global Web 3.0 Blockchain research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Web 3.0 Blockchain report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Web 3.0 Blockchain competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Web 3.0 Blockchain market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Web 3.0 Blockchain market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Web 3.0 Blockchain market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Web3 Foundation (Polkadot), Helium Systems Inc., Ocean Protocol Foundation Ltd., Zel Technologies Limited., Kusama, Livepeer, Inc., Filecoin, Kadena LLC, Polygon technology, Terra, Decentraland, Biance, Alchemy Insights, Inc., Antier Solutions, Com, Coinbase, Ripple, Highstreet.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Web 3.0 Blockchain market based on the below-mentioned segments:
Global Web 3.0 Blockchain Market, By Type
Public
Private
Consortium
Hybrid
Global Web 3.0 Blockchain market, By Application
Cryptocurrency
Conversational AI
Data & Transaction Storage
Payments
Smart Contracts
Others
Global Web 3.0 Blockchain Market, By End User
BFSI
Retail & E-commerce
Media & Entertainment
Pharmaceuticals
IT & Telecom
Others
Global Web 3.0 Blockchain market, Regional Analysis
The third generation of internet services, or the generation to come, is referred to as Web 3.0. It is also a stage in the evolution of the web. This transition will be aided by the advancement and expansion of machine learning (ML) and artificial intelligence (AI) capabilities, as well as the meteoric rise of blockchain technology. Given that web 3.0 businesses will use decentralized protocols, blockchain technology is essential to their development. Web 3.0 blockchain technology is now in the R&D stage and could take a year to commercially launch. The expansion can be ascribed to the development of internet technologies as well as the rising desire for data privacy enabled by Web 3.0's decentralized identity. The swift rise in popularity of digital assets like cryptocurrencies and the introduction of 5G and 6G technology are also projected to support the expansion. The growth of linked devices and improved transaction procedures are both beneficial to the Web 3.0 blockchain industry.
Social network platforms that aim to enhance customer experience, such as how customers communicate, connect, and establish communities, also employ Web 3.0 technologies. An important aspect promoting the industry's expansion is the increase in investments in Web 3.0 blockchain technology. For example, according to information from the financial analysis firm Venture Intelligence, Web 3.0 and cryptocurrency firms raised more than USD 1 billion in funding across 43 acquisitions in the first half of 2022. A lot of firms are establishing Web 3.0 initiatives to assist startups in growing their businesses and creating novel solutions. For instance, KiwiTech, a provider of an innovation ecosystem, introduced a Web 3.0 Center of Excellence service in July 2022 to support startup businesses with their next-generation blockchain ideas. During the forecast period, the market is anticipated to benefit from lucrative growth prospects brought on by the debut of such services.
Market growth is anticipated as a result of the COVID-19 pandemic. The pandemic's persistence has led to an increase in online payments and e-commerce site usage. The popularity of Web 3.0 blockchain technology for processing online payments expanded along with the growth of online shopping because blockchain technology enables quicker transactions and more security. Additionally, it is anticipated that the industry would increase as a result of the increasing usage of blockchain technology applications in smart contracts and cryptocurrencies.
Artificial intelligence (AI), machine learning (ML), and blockchain technology are the three key pillars of web 3.0. The web 3.0 blockchain is designed to support decentralized data storage while protecting user privacy and personal data security. Web 3.0 has changed how people and machines interact with one another because of its frictionless ownership transfers, cryptocurrency-based payments, and data exchanges. Web 3.0 is made possible by blockchain technology, which gives users the freedom to decide which information to disclose. In web 3.0, a blockchain is produced using decentralized technologies. Therefore, all transactions are open and well-documented. Blockchain makes use of methods for tracking information to make sure that user data is not changed or tampered with. Blockchain technology for Web 3.0 increases the transparency of the payment system by making every transaction permanent and recordable. When users are audited, they can gain from this.
Although web 3.0 blockchain technology has more advantages than earlier iterations, its development is being hindered since not enough people are aware of how to utilize and implement it. The unethical use of AI, aggressive business methods, and treatment of user data by tech giants like Google, Facebook, Microsoft, and Amazon have come under growing scrutiny in recent years. Web 3.0 has received more attention and is thought to be safer as a result, although its progress has been limited by people's unfamiliarity with it. Users are unaware of any alternatives to cryptocurrencies for the web 3.0 blockchain.
In the Web 3.0 age, blockchain technology is continually evolving. IT has various benefits for users, including lower operational costs, quicker download and upload times, a lower risk of cyberattacks, and control over personal data. Recent years have seen a number of important technical advancements, including the Internet of Things and the use of blockchain technology into logistics and operations. There is a lot of research and development being done to make the technology more scalable in order to exploit it to its maximum potential in areas like surfing, social networking, messaging, and data storage. Web 3.0 technology have encouraged the growth of NFT payment systems and digital collectibles during the past few years.
Report Coverage
Global Web 3.0 Blockchain research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Web 3.0 Blockchain report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Web 3.0 Blockchain competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Web 3.0 Blockchain market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Web3 Foundation (Polkadot), Helium Systems Inc., Ocean Protocol Foundation Ltd., Zel Technologies Limited., Kusama, Livepeer, Inc., Filecoin, Kadena LLC, Polygon technology, Terra, Decentraland, Biance, Alchemy Insights, Inc., Antier Solutions, Com, Coinbase, Ripple, Highstreet. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Web 3.0 Blockchain Market from 2021 to 2030.
- Market Forecast for Web 3.0 Blockchain Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Web 3.0 Blockchain competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Web 3.0 Blockchain
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Web 3.0 Blockchain market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Web 3.0 Blockchain market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Web3 Foundation (Polkadot), Helium Systems Inc., Ocean Protocol Foundation Ltd., Zel Technologies Limited., Kusama, Livepeer, Inc., Filecoin, Kadena LLC, Polygon technology, Terra, Decentraland, Biance, Alchemy Insights, Inc., Antier Solutions, Com, Coinbase, Ripple, Highstreet.
Primary Target Market
- Market Players of Web 3.0 Blockchain
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Web 3.0 Blockchain market based on the below-mentioned segments:
Global Web 3.0 Blockchain Market, By Type
Public
Private
Consortium
Hybrid
Global Web 3.0 Blockchain market, By Application
Cryptocurrency
Conversational AI
Data & Transaction Storage
Payments
Smart Contracts
Others
Global Web 3.0 Blockchain Market, By End User
BFSI
Retail & E-commerce
Media & Entertainment
Pharmaceuticals
IT & Telecom
Others
Global Web 3.0 Blockchain market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive web 3 0 blockchain market market research and competitor analysis for your business to help you develop more profound insights into the web 3 0 blockchain market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the web 3 0 blockchain market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.