Global Web 3.0 Blockchain Market Projected to Hit USD 38.6 Billion at a CAGR of 43.6% CAGR by 2030 – Report by Market Research Future (MRFR)

Market Research Future Insights

According to MRFR analysis, the global Web 3.0 Blockchain market is expected to register a CAGR of ~43.6% from 2023 to 2030 and hold a value of over USD 38.6 Billion by 2030.

The following stage or iteration in the web/growth Internet is known as Web 3.0. The fundamental ideas of decentralization, openness and increased consumer usefulness form the foundation of Web 3.0. Blockchain is crucial to the development of web 3.0 because its most salient characteristic, decentralization, gives it the ideal foundation for web 3.0.

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Web 3.0 Blockchain Market Report Scope: 

The three main components of web 3.0 blockchain technology are artificial intelligence (AI), machine learning (ML), and blockchain technology. The web 3.0 blockchain focuses on the privacy and security of personal data and allows users to preserve data in decentralized storage. Data transfer, cryptocurrency-based payments, and simple ownership transfers are all made possible by Web 3.0, which has changed the way people and machines interact.

Regional Analysis

North America is expected to dominate the global Web 3.0 blockchain market in the coming years. The region has been at the forefront of innovation in the field of blockchain technology and is home to some of the world’s leading blockchain companies.

In addition, the North American market is benefiting from the increasing investment by venture capitalists in blockchain startups. Several leading VC firms, such as Andreessen Horowitz and Blockchain Capital, have invested heavily in blockchain companies in recent years. This is providing the much-needed capital for these companies to scale up their operations and expand into new markets.

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Market Segmentation

The Global Web 3.0 Blockchain market has been segmented into Blockchain Type, Applications, and End-Users.

Based on the Blockchain Type, the market has been segmented into Public, Private, Consortium, and Hybrid.

Based on the Application, the market has been segmented into Cryptocurrency, Conversational AI, Data & transaction storage, Payments, and Smart contracts.

Based on the End-Users, the market has been segmented into BFSI, E-commerce & retail, Media & Entertainment, Healthcare & pharmaceuticals, and IT & telecom.

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Key Players

Some of the key market players are Polkadot (Web3 Foundation), Helium Systems Inc, Ocean Protocol Foundation Ltd, Decentraland, Biance, Alchemy Insights Inc, and Antier Solutions.

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