Global Web 3.0 Blockchain Market was valued at USD 3,895.63 million in 2021 and is predicted to experience robust growth in the forecast period with a CAGR of 52.78% due to the high adoption rate of Web 3.0 decentralized technologies across various industries.

Web 3.0 is a possible future version of the internet based on public blockchains; a record-keeping system best known for facilitating cryptocurrency transactions. The attractiveness of Web 3.0 is that it is decentralized, meaning that rather than consumers accessing the internet through services mediated by companies like Google, Apple, or Facebook, individuals themselves own and govern sections of the internet.

Web 3.0 blockchain is the trending third-generation technology for the internet. Several applications and websites can intelligently process information using decentralized ledger technology (DLT), machine learning (ML), and Big Data. In the web 3.0 blockchain ecosystem, users and machines can interact with data with more user-friendly and interactive way as compared to older versions. Leading authorities of developed and emerging countries are launching digital transformation initiatives and supplying a regulatory framework to support the growth of blockchain technology.

Ability to Enhance User Experience Drives the Market Growth

The 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 users with a customized and enhanced browsing experience by delivering intelligent and human-like assistants to categorize, analyze and study the data more efficiently. Blockchain technology drives the collecting and managing of data across the web and offers the system human-like intelligence. With growing consumer awareness, the demand for custom services is increasing exponentially. The centralized system will be a decentralized system providing enhanced data connectivity that does not give 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.

Rise in Awareness About Cryptocurrency Supports Market Growth

Digital assets are gaining popularity among users and are expected to witness substantial growth opportunities in the next five years. The anticipated roll-out of 5G and 6G technology and proliferation of connected devices among the users are expected to play an important role in web 3.0 blockchain technology penetration. It is expected that the technology offers 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.

NFTs to Energy up Web 3.0 Motion in the Upcoming Years

NFTs (Non-fungible Tokens) are expected to make the Web 3.0 blockchain market more interesting in the upcoming years. The non-fungible tokens traded these days are executed using cryptocurrencies. The web 3.0 blockchain technology is expected to help the creators of the NFTs for legalizing their tokens with simple requirements. The technology can help the creators of the NFTs to get in touch with the buyers better than was not possible until now. The Web 3.0 Blockchain technology offers a boundless platform to NFTs and has great hype among people. The advantage of the NFTs for the market of Web 3.0 Blockchain is to help improve the market efficiency and diversify the investment portfolio by being a valuable tool for fractionalizing physical asset ownership. Such factors are expected to boost demand for various NFTs for the motion of the Global Web 3.0 Blockchain Market in the upcoming years.


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Market Segmentation

The Global Web 3.0 Blockchain Market is segmented based on Blockchain Type, Application, Vertical, Organization Size, Region. Based on Blockchain Type, the market is further fragmented into Public, Private, Consortium and Hybrid. Based on Application, the market is segmented into Cryptocurrency, Conversational AI, Data & Transaction Storage, Payments, Smart Contract, and Others (Supply Chain Management, Manufacturing, Pharmaceutical, etc.). Based on Vertical, the market is segmented into BFSI, Healthcare & Pharmaceuticals, E-commerce & Retail, Media & Entertainment, IT & Telecom, and Others (Agriculture, Renewable Energy, Real Estate, etc.). Based on Organizational Size, the market is segmented into Large Enterprises, Small and Medium-Sized Enterprises. The North America Global Web 3.0 Blockchain Market stood at USD1,620.72 million in the year 2021 and is projected to grow at a CAGR of 51.80% during the forecast period. North America comprises some of the most infrastructurally sound nations, such as United States, Canada, Mexico. The Europe Web 3.0 Blockchain Market stood at USD973.09 million in the year 2021 and is projected to grow at a CAGR of 52.05% during the forecast period.

Company Profiles

Polkadot (Web3 Foundation), Ocean Protocol Foundation Ltd., Helium Systems Inc., Alchemy Insights, Inc., Polygon technology, Metaverse Holdings Limited, Brave Software, Inc., Coinbase Global, Inc., Kadena LLC, Protocol Labs, Inc. among others are among the major market players in the Global Web 3.0 Blockchain Market.

Attribute

Details

Market size value in 2021

USD 3,895.63 million

Revenue Forecast in 2027

USD 47,382.21 million

North America Market size value in 2021

USD1,620 million

Growth Rate

52.78%

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Billion, CAGR for 2017-2021 and 2022E-2027F

Report Coverage

·         Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Blockchain Type

·         Application

·         Vertical

·         Organization Size

·         Region

Regional Scope

North America; Europe; Asia-Pacific; Middle East & Africa; South America

Country Scope

United States; Canada; Mexico; Germany; United Kingdom; France; Russia; Italy; Spain; Belgium; China; Japan; South Korea; Australia; India; Vietnam; Malaysia; Saudi Arabia; UAE; Egypt; Turkey; Nigeria; South Africa; Brazil; Colombia; Argentina; Chile

Key Companies Profiled

Polkadot (Web3 Foundation), Ocean Protocol Foundation Ltd., Helium Systems Inc., Alchemy Insights, Inc., Polygon technology, Metaverse Holdings Limited, Brave Software, Inc., Coinbase Global, Inc., Kadena LLC, Protocol Labs, Inc.

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/pdf 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:

·         Global Web 3.0 Blockchain Market, By Blockchain Type:

o   Public

o   Private

o   Consortium

o   Hybrid

·         Global Web 3.0 Blockchain Market, By Application:

    • Cryptocurrency
    • Conversational AI
    • Data & Transaction Storage
    • Payments
    • Smart Contract
    • Others (Supply Chain Management, Manufacturing, Pharmaceutical, etc.)
  • Global Web 3.0 Blockchain Market, By Vertical:
    • BFSI
    • Healthcare & Pharmaceuticals
    • E-commerce & Retail
    • Media & Entertainment
    •  IT & Telecom

o   Others

·         Global Web 3.0 Blockchain Market, By Organization Size:

o   Large Enterprises

o   Small and Medium-Sized Enterprises

·         Global Web 3.0 Blockchain Market, By Region:

    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • United Kingdom
      • France
      • Russia
      • Italy
      • Spain
      • Belgium
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • Australia
      • India
      • Vietnam
      • Malaysia
    • Middle East & Africa
      • UAE
      • Saudi Arabia
      • South Africa
      • Turkey
      • Iraq
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Web 3.0 Blockchain Market

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Web 3.0 Blockchain Market

5.    Voice of Customer

5.1.    Brand Awareness

5.2.    Factors for Adopting Web 3.0 Blockchain

5.3.    Key Satisfaction Level

6.    Global Web 3.0 Blockchain Market Outlook

6.1.     Market Size & Forecast

6.1.1.     By Value

6.2.     Market Share & Forecast

6.2.1.     By Blockchain Type (Public, Private, Consortium and Hybrid)

6.2.2.     By Application (Cryptocurrency, Conversational AI, Data & Transaction Storage, Payments, Smart Contract, and Others)

6.2.3.     By Vertical (BFSI, Healthcare & Pharmaceuticals, E-commerce & Retail, Media & Entertainment, IT & Telecom, and Others)

6.2.4.     By Organizational Size (Large Enterprises, Small and Medium-Sized Enterprises)

6.2.5.     By Region

6.2.6.     By Company (2021)

6.3.     Market Map (By Blockchain Type, By Application, By Vertical, By Organizational Size, By Region)

7.    North America Web 3.0 Blockchain Market Outlook

7.1.     Market Size & Forecast

7.1.1.  By Value

7.2.      Market Share & Forecast

7.2.1.  By Blockchain Type

7.2.2.  By Application

7.2.3.  By Vertical

7.2.4.  By Organization Size

7.2.5.  By Country

7.3.     North America: Country Analysis

7.3.1.     United States Web 3.0 Blockchain Market Outlook

7.3.1.1.    Market Size & Forecast

7.3.1.1.1.     By Value

7.3.1.2.   Market Share & Forecast

7.3.1.2.1.   By Blockchain Type

7.3.1.2.2.   By Application

7.3.1.2.3.   By Vertical

7.3.1.2.4.   By Organization Size

7.3.2.                Canada Web 3.0 Blockchain Market Outlook

7.3.2.1.    Market Size & Forecast

7.3.2.1.1.     By Value

7.3.2.2.   Market Share & Forecast

7.3.2.2.1.   By Blockchain Type

7.3.2.2.2.   By Application

7.3.2.2.3.   By Vertical

7.3.2.2.4.   By Organization Size

7.3.3.                Mexico Web 3.0 Blockchain Market Outlook

7.3.3.1.   Market Size & Forecast

7.3.3.1.1.     By Value

7.3.3.2.   Market Share & Forecast

7.3.3.2.1.   By Blockchain Type

7.3.3.2.2.   By Application

7.3.3.2.3.   By Vertical

7.3.3.2.4.   By Organization Size

8.    Europe Web 3.0 Blockchain Market Outlook

8.1.     Market Size & Forecast

8.1.1.   By Value