Dublin, May 25, 2022 (GLOBE NEWSWIRE) — The “Global Web 3.0 Blockchain Market, By Blockchain Type, By Application, By Vertical, By Organization Size, By Region, Competition Forecast and Opportunities, 2017-2027” report has been added to ResearchAndMarkets.com’s offering.
The global web 3.0 blockchain market is anticipated to grow at a formidable rate during the forecast period. The market growth can be attributed to the continuous evolution of technologies and shifts in data ownership toward users. Web 3.0 blockchain, also known as the decentralized web, is the third internet generation that utilizes decentralized ledger technology (DLT), machine learning (ML), and Big Data.
Web 3.0 blockchain provides users an enhanced browsing experience and enables them to analyze data more efficiently. Web 3.0 is more user-friendly and interactive than previous versions. Leading government authorities are launching digital transformation initiatives to provide a regulatory framework for supporting the growth of the Web 3.0 blockchain.
Rising concerns related to data security and increasing investments from companies to expand the applications of web 3.0 blockchain are expected to drive the global web 3.0 market growth. Rapid urbanization, globalization, and digitalization are enabling users to utilize advanced technologies and lead a quality life. Blockchain technology offers system human-like intelligence and provides enhanced data connectivity. Hence, organizations are adopting web 3.0 blockchain to improve data security and privacy, which is expected to boost the global web 3.0 blockchain market.
The rapid popularity of digital assets and cryptocurrencies and the rollout of 5G and 6G technologies are also creating a demand for web 3.0 blockchain technology. Furthermore, the growing adoption of connected devices and shifting dependency of transactions and permissions away from a central authority are driving the growth of the global web 3.0 blockchain market.
The global web 3.0 blockchain market is segmented based on blockchain type, application, vertical, organization size, company, and regional distribution. Based on the blockchain type, the market is divided into public, private, consortium, and hybrid. Public blockchain technology is anticipated to dominate the global web 3.0 blockchain market due to its increased demand over counterparts as they require no regulations and are highly secure. Based on the organization size, the market is divided into small and medium-sized enterprises and large enterprises.
The large enterprise segment is expected to hold the largest share in the global web 3.0 blockchain market as they are making high-end investments for technological up-gradation to stay ahead in the market.
Major players operating in the global web 3.0 market are Polkadot (Web3 Foundation), Helium Systems Inc., Ocean Protocol Foundation Ltd., Decentraland, Flux, Filecoin, Kadena, ZCash, etc.
Years Considered for This Report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022E
- Forecast Period: 2023F-2027F
Objective of the Study:
- To analyze the historical growth in the market size of global web 30 blockchain market from 2017 to 2021
- To estimate and forecast the market size of global web 30 blockchain market from 2022E to 2027F and growth rate until 2027F
- To classify and forecast global web 30 blockchain market based on blockchain type, application, vertical, organization size, region, and competitive Landscape
- To identify dominant region or segment in the global web 30 blockchain market
- To identify drivers and challenges for global web 30 blockchain market
- To examine competitive developments such as expansions, new services, mergers & acquisitions, etc., in global web 30 blockchain market
- To identify and analyze the profile of leading players operating in global web 30 blockchain market
- To identify key sustainable strategies adopted by market players in global web 30 blockchain market
In the 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:
Web 3.0 Blockchain Market, By Blockchain Type:
Web 3.0 Blockchain Market, By Application:
- Conversational AI
- Data & Transaction Storage
- Smart Contract
Web 3.0 Blockchain Market, By Vertical:
- E-commerce & Retail
- Media & Entertainment
- Healthcare & Pharmaceuticals
- IT & Telecom
Web 3.0 Blockchain Market, By Organization Size:
- Small and Medium-Sized Enterprises
- Large Enterprises
Web 3.0 Blockchain Market, By Region:
- United States
- South Korea
- United Kingdom
Middle East & Africa
- Saudi Arabia
- South Africa
- Polkadot (Web3 Foundation)
- Helium Systems Inc.
- Ocean Protocol Foundation Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/1z6lkr
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