The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rapid 5G and 6G network adoption is likely to boost innovation in web 3.0 blockchain manufacturing, propelling the market during the forecast period.

The global web 3.0 blockchain market is expected to grow from $2.28 billion in 2022 to $3.25 billion in 2023 at a compound annual growth rate (CAGR) of 42.8%. The global web 3.0 blockchain market size is expected to reach $13.36 billion in 2027 at a CAGR of 42.3%.

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 Global Web 3.0 Blockchain Market Segments Include:

• By Type: Public, Private, Consortium, Hybrid
• By Application: Cryptocurrency, Conversational AI, Data And Transaction Storage, Payments, Smart Contracts, Other Applications
• By End-User: Banking, Financial Services And Insurance (BFSI), Retail And E-commerce, Media And Entertainment, Pharmaceuticals, IT And Telecom, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global web 3.0 blockchain market in 2021.

Major Market Players in the web 3.0 blockchain market include Web3 Foundation, Helium Systems Inc., Ocean Protocol Foundation Ltd., Kusama Network, Livepeer Inc., Kadena LLC, Polygon technology, Terra, Biance, Antier Solutions, Alchemy Insights Inc.

Technological developments are a major trend that is gaining traction in the Web 3.0 blockchain sector. To maintain their market position, major companies in the Web 3.0 blockchain sector are incorporating new technology into their goods. For example, WazirX, a cryptocurrency exchange platform, released Shardeum in February 2022 to address the fundamental concerns of scalability. Shardeum is an EVM-based, linearly scalable smart contract platform that uses dynamic state sharding to provide real decentralisation and strong security.

The Web 3.0 Blockchain Global Market Report 2023  provides a web 3.0 blockchain market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The web 3.0 blockchain market forecast analyzes web 3.0 blockchain market size, web 3.0 blockchain market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Web 3.0 blockchain refers to the internet’s transition towards a more decentralised, secure, and transparent network, supported by blockchain technology. Artificial intelligence (AI), machine learning (ML), and the semantic web will be used in Web3. The semantic web will assist computers in comprehending and analysing data context and ideas.

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