Description
Web 3.0 Market Research Report Forecast till 2030
Market Overview
The web 3.0 blockchain market is estimated to witness a substantial market expansion at a CAGR of 44.6% during the review period. Web 3.0 addresses the advancement of the internet. The concept is based on the core theory of decentralization, transparency, and greater client utility. In web 3.0 blockchain innovation, the personal data is possessed by the client and not by any outsider supplier.
Artificial insight (AI), machine learning (ML), and blockchain innovation are the three pillars of web 3.0 blockchain innovation. Web 3.0 has helped significantly have an impact on the way people and machines interface and permits information move, cryptographic cash-based installments, and simple belonging move. Web 3.0 blockchain advancement draws in clients to pick which information to share.
The global web 3.0 blockchain market is anticipated to register an incredible market expansion owing to the rising popularity of blockchain technology. This has helped shift responsibility for data from outsider merchants to the client. This has additionally helped the development of blockchain innovation.
The idea of data proprietorship is developing, and individuals are moving to web 3.0 blockchains to get their data and eliminate issues related to security and privacy from outsider sellers.
Hence, every one of the exchanges is recorded and is profoundly straightforward. Blockchain utilizes the strategy of data recognizability which guarantees the client that information isn’t messed with or changed. Web 3.0 blockchain technology expands the straightforwardness of the instalment framework, and each exchange done is recorded and is irreversible, which is gainful for clients during the review.
Market Segmentation
The global web 3.0 market is categorized into blockchain type, application, vertical, and region. The blockchain type segment comprises public, private, consortium, and hybrid.
In terms of application, the web 3.0 market is classified into payments, smart contracts, conversational AI, cryptocurrency, data & transaction storage, and others. The vertical segment is further divided into IT & telecom, e-commerce & retail, BFSI, healthcare & pharmaceuticals, media & entertainment, and others.
Regional Analysis
Geographically, the web 3.0 blockchain market is classified into five major regions North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
The North American region will address the largest share of 56.2%, of the global market. It is inferable from the components, for instance, a growing acceptance of blockchain technology, improvement in a decentralized climate, and tirelessly extending interest in the cutting-edge web 3.0 new organizations. The regional market is anticipated to register a significant CAGR of 41.2% during the projected period.
The US drives the largest market in the North American region owing to the highest market contribution of 97.6% in 2023. European market of 3.0 blockchain technology registered second-largest share of the total market owing to the arising revenue for web 3.0 blockchain technology in different end-use ventures, for example, telecom, web-based business, IT, BFSI, media, entertainment, and retail, and others. Asia-Pacific is evaluated to witness the fastest growing market for 3.0 blockchain technology with expanding technology sector in the region.
Major Players
The major market players in the global web 3.0 blockchain market are Helium Systems Inc., Ocean Protocol Foundation Ltd, Decentraland, Biance, Polkadot (Web3 Foundation), and Alchemy Insights, Inc.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries.
Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 14
1.1 MARKET ATTRACTIVENESS ANALYSIS 15
2 MARKET INTRODUCTION 16
2.1 DEFINITION 16
2.2 SCOPE OF THE STUDY 16
2.3 RESEARCH OBJECTIVE 16
2.4 MARKET STRUCTURE 17
3 RESEARCH METHODOLOGY 18
4 MARKET DYNAMICS 25
4.1 INTRODUCTION 25
4.2 DRIVERS 26
4.2.1 DATA OWNERSHIP SHIFTING TOWARDS THE USER 26
4.2.2 INCREASED TRANSPARENCY 26
4.2.3 HIGHLY SECURED DATA SECURITY 26
4.2.4 DRIVER IMPACT ANALYSIS 27
4.3 RESTRAINTS 27
4.3.1 LACK OF AWARENESS 27
4.3.2 RESTRAINT IMPACT ANALYSIS 28
4.4 OPPORTUNITIES 28
4.4.1 RAPID INNOVATION IN TECHNOLOGY 28
4.5 CHALLENGES 28
4.5.1 DEPENDENCY OVER WEB 2.0 28
4.5.2 DIFFICULT TO REGULATE 29
4.5.3 SCALABILITY 29
4.6 IMPACT OF COVID-19 ON THE GLOBAL WEB 3.0 BLOCKCHAIN MARKET 29
4.6.1 IMPACT OF COVID-19 ON THE WEB 3.0 BLOCKCHAIN INDUSTRY 29
4.6.2 IMPACT OF COVID-19 ON THE IT INDUSTRY 29
4.6.3 IMPACT OF COVID-19 ON END-USE INDUSTRY VERTICAL 29
4.7 TECHNOLOGICAL TRENDS 30
4.7.1 NON-FUNGIBLE TOKEN (NFT) 30
4.7.2 DECENTRALIZED FINANCE (DEFI) 30
4.7.3 DECENTRALIZED AUTONOMOUS ORGANIZATIONS (DAOS) 30
4.8 DIFFERENCE BETWEEN WEB 1.0, WEB 2.0, AND WEB 3.0 30
4.9 EVOLUTION OF DECENTRALIZED WEB 31
5 MARKET FACTOR ANALYSIS 32
5.1 VALUE CHAIN ANALYSIS 32
5.1.1 RESEARCH AND DEVELOPER 32
5.1.2 SOLUTIONS PROVIDER 32
5.1.3 CUSTOMERS (END USER) 32
5.2 PORTER'S FIVE FORCES MODEL 33
5.2.1 THREAT OF NEW ENTRANTS 34
5.2.2 BARGAINING POWER OF SUPPLIERS 34
5.2.3 THREAT OF SUBSTITUTES 34
5.2.4 BARGAINING POWER OF BUYERS 34
5.2.5 INTENSITY OF RIVALRY 34
6 GLOBAL WEB 3.0 BLOCKCHAIN MARKET, BY BLOCKCHAIN TYPE 35
6.1 INTRODUCTION 35
6.2 PUBLIC 36
6.3 PRIVATE 36
6.4 CONSORTIUM 37
6.5 HYBRID 37
7 GLOBAL WEB 3.0 BLOCKCHAIN MARKET, BY APPLICATION 38
7.1 INTRODUCTION 38
7.2 CRYPTOCURRENCY 39
7.3 CONVERSATIONAL AI 39
7.4 DATA & TRANSACTION STORAGE 39
7.5 PAYMENTS 39
7.6 SMART CONTRACT 40
7.7 OTHERS 40
8 GLOBAL WEB 3.0 BLOCKCHAIN MARKET, BY VERTICAL 41
8.1 INTRODUCTION 41
8.2 BFSI 42
8.3 E-COMMERCE & RETAIL 42
8.4 MEDIA & ENTERTAINMENT 42
8.5 HEALTHCARE & PHARMACEUTICALS 43
8.6 IT & TELECOM 43
8.7 OTHERS 43
9 GLOBAL WEB 3.0 BLOCKCHAIN MARKET, BY REGION 44
9.1 OVERVIEW 44
9.2 NORTH AMERICA 45
9.2.1 NORTH AMERICA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY COUNTRY, 2023–2030 (USD MILLION) 46
9.2.2 NORTH AMERICA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 47
9.2.3 NORTH AMERICA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 48
9.2.4 NORTH AMERICA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 49
9.2.5 US 50
9.2.5.1 US: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 50
9.2.5.2 US: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 51
9.2.5.3 US: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 51
9.2.6 CANADA 52
9.2.6.1 CANADA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 52
9.2.6.2 CANADA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 53
9.2.6.3 CANADA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 53
9.2.7 MEXICO 54
9.2.7.1 MEXICO: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 54
9.2.7.2 MEXICO: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 55
9.2.7.3 MEXICO: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 55
9.3 EUROPE 56
9.3.1 EUROPE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY COUNTRY, 2023–2030 (USD MILLION) 57
9.3.2 EUROPE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 58
9.3.3 EUROPE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 59
9.3.4 EUROPE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 60
9.3.5 GERMANY 61
9.3.5.1 GERMANY: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 61
9.3.5.2 GERMANY: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 61
9.3.5.3 GERMANY: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 62
9.3.6 FRANCE 62
9.3.6.1 FRANCE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 62
9.3.6.2 FRANCE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 63
9.3.6.3 FRANCE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 63
9.3.7 UK 64
9.3.7.1 UK: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 64
9.3.7.2 UK: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 64
9.3.7.3 UK: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 65
9.3.8 REST OF EUROPE 65
9.3.8.1 REST OF EUROPE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030
(USD MILLION) 65
9.3.8.2 REST OF EUROPE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030
(USD MILLION) 66
9.3.8.3 REST OF EUROPE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030
(USD MILLION) 66
9.4 ASIA-PACIFIC 67
9.4.1 ASIA-PACIFIC: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY COUNTRY, 2023–2030 (USD MILLION) 67
9.4.2 ASIA-PACIFIC: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 68
9.4.3 ASIA-PACIFIC: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 69
9.4.4 ASIA-PACIFIC: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 70
9.4.5 CHINA 71
9.4.5.1 CHINA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 71
9.4.5.2 CHINA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 71
9.4.5.3 CHINA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 72
9.4.6 INDIA 72
9.4.6.1 INDIA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 72
9.4.6.2 INDIA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 73
9.4.6.3 INDIA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 73
9.4.7 JAPAN 74
9.4.7.1 JAPAN: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 74
9.4.7.2 JAPAN: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 74
9.4.7.3 JAPAN: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 75
9.4.8 REST OF ASIA-PACIFIC 75
9.4.8.1 REST OF ASIA-PACIFIC: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE,
2023–2030 (USD MILLION) 75
9.4.8.2 REST OF ASIA-PACIFIC: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030
(USD MILLION) 76
9.4.8.3 REST OF ASIA-PACIFIC: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030
(USD MILLION) 76
9.5 MIDDLE EAST AND AFRICA 77
9.5.1 MIDDLE EAST AND AFRICA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030
(USD MILLION) 77
9.5.2 MIDDLE EAST AND AFRICA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030
(USD MILLION) 78
9.5.3 MIDDLE EAST AND AFRICA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030
(USD MILLION) 79
9.6 SOUTH AMERICA 80
9.6.1 SOUTH AMERICA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030
(USD MILLION) 80
9.6.2 SOUTH AMERICA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030
(USD MILLION) 81
9.6.3 SOUTH AMERICA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 82
10 COMPETITIVE LANDSCAPE 83
10.1 COMPETITIVE BENCHMARKING 84
10.2 THE SPECIFIC NATIONAL POLICIES 84
10.3 THE SPECIFIC GUIDELINES OF INTERNATIONAL ORGANIZATION 86
10.4 RECENT DEVELOPMENTS 86
10.4.1 PRODUCT LAUNCH/PRODUCT DEVELOPMENT 86
11 COMPANY PROFILES 88
11.1 WEB3 FOUNDATION 88
11.1.1 COMPANY OVERVIEW 88
11.1.2 FINANCIAL OVERVIEW 88
11.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 88
11.1.4 KEY DEVELOPMENTS 88
11.1.5 KEY STRATEGIES 88
11.2 HELIUM SYSTEMS INC. 89
11.2.1 COMPANY OVERVIEW 89
11.2.2 FINANCIAL OVERVIEW 89
11.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 89
11.2.4 KEY DEVELOPMENTS 89
11.3 OCEAN PROTOCOL FOUNDATION LTD. 90
11.3.1 COMPANY OVERVIEW 90
11.3.2 FINANCIAL OVERVIEW 90
11.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 90
11.3.4 KEY DEVELOPMENTS 90
11.3.5 KEY STRATEGIES 90
11.4 DECENTRALAND 91
11.4.1 COMPANY OVERVIEW 91
11.4.2 FINANCIAL OVERVIEW 91
11.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 91
11.4.4 KEY DEVELOPMENTS 91
11.5 BINANCE 92
11.5.1 COMPANY OVERVIEW 92
11.5.2 FINANCIAL OVERVIEW 92
11.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 92
11.5.4 KEY DEVELOPMENTS 92
11.5.5 KEY STRATEGIES 92
11.6 ALCHEMY INSIGHTS, INC 93
11.6.1 COMPANY OVERVIEW 93
11.6.2 FINANCIAL OVERVIEW 93
11.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 93
11.6.4 KEY DEVELOPMENTS 93
11.6.5 KEY STRATEGIES 93
Companies Mentioned
Helium Systems Inc., Ocean Protocol Foundation Ltd, Decentraland, Biance, Polkadot (Web3 Foundation), and Alchemy Insights, Inc.
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