New York, April 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Web 3.0 Blockchain Market, By Blockchain Type, By Application, By Industry Vertical, By Organization Size, By Region, Competition Forecast and Opportunities, 2017-2027” – https://www.reportlinker.com/p06267914/?utm_source=GNW
The global web 3.0 blockchain market is expected to grow at a terrific rate over the forecast period. The growth of the market can be attributed to the continuous evolution of technologies and changes in data ownership towards users. Web 3.0 blockchain, also known as Decentralized Web, is the third generation of the Internet that uses Decentralized Ledger Technology (DLT), Machine Learning (ML), and Big Data. The Web 3.0 blockchain provides users with an improved browsing experience and allows them to analyze data more efficiently. Web 3.0 is more user-friendly and interactive than previous versions. Major government authorities are launching digital transformation initiatives to provide a regulatory framework to support the growth of Web 3.0 blockchain. Growing concerns over data security and growing investments by companies to expand the applications of Web 3.0 blockchain are expected to drive the growth of the global Web 3.0 market. Rapid urbanization, globalization and digitalization enable users to utilize advanced technologies and lead quality lives. Blockchain technology offers human-like system intelligence and offers enhanced data connectivity. Therefore, organizations are adopting web 3.0 blockchain to improve data security and privacy, which is expected to drive the global web 3.0 blockchain market. The rapid popularity of digital assets and cryptocurrencies and the deployment of 5G and 6G technologies are also creating demand for web 3.0 blockchain technology. Furthermore, increasing adoption of connected devices and shifting dependency of transactions and permissions away from a central authority is driving the growth of the global web 3.0 blockchain market.
The global web 3.0 blockchain market is segmented on the basis of blockchain type, application, vertical, organization size, enterprise, and regional distribution. Based on the type of blockchain, the market is divided into public, private, consortium, and hybrid. Public blockchain technology is expected to dominate the global web 3.0 blockchain market owing to its increased demand over its peers as it requires no regulation and is highly secure. On the basis of organization size, the market is divided into small and medium 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 upgrading to stay ahead of 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
Goal of the study:
• To analyze historical market size growth of the global Web 3.0 Blockchain market from 2017 to 2021.
• Estimate and forecast the market size of Global Web 3.0 Blockchain Market from 2022E to 2027F and the growth rate till 2027F.
• To classify and forecast the global Web 3.0 Blockchain Market based on Blockchain type, application, vertical, organization size, region, and competitive landscape.
• To identify the dominant region or segment in the global Web 3.0 Blockchain market.
• Identify drivers and challenges of the global Web 3.0 blockchain market.
• Examine competitive developments such as expansions, new services, mergers and acquisitions, etc., in the global Web 3.0 blockchain market.
• Identify and analyze the profile of key players operating in the global Web 3.0 Blockchain Market.
• To identify the key sustainable strategies adopted by market players in the global Web 3.0 Blockchain Market.
In this report, the global Web 3.0 blockchain market has been segmented into the following categories, in addition to industry trends which have also been detailed below:
• Web 3.0 blockchain market, by type of blockchain:
• Web 3.0 blockchain market, by application:
o Conversational AI
o Storage of data and transactions
o Smart contract
• Web 3.0 blockchain market, by sector:
o E-commerce and retail
o Media and Entertainment
o Health & Pharmaceuticals
o IT & Telecom
• Web 3.0 blockchain market, by organization size:
o Small and medium enterprises
o Large Companies
• Web 3.0 blockchain market, by region:
o North America
o South America
o Middle East and Africa
United Arab Emirates
The analyst conducted extensive primary and secondary research for this study. Initially, the analyst searched for a list of companies around the world.
Subsequently, the analyst conducted primary research surveys with the identified companies. During the interviews, the respondents were also asked about their competitors.
Using this technique, TechSci Research was unable to include companies, which could not be identified due to secondary research limitations. The analyst looked at the service provider, vendors, presence of all major players across the globe.
The analyst calculated the market size of the Global Web 3.0 Blockchain Market using a bottom-up approach, in which data from various end-user segments was recorded and forecasted for the coming years. The analyst obtained these values from industry experts and company representatives and validated them externally by analyzing historical data from these services to derive an appropriate overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key target audience:
• Web 3.0 blockchain service provider companies
• End users
• Government bodies such as regulators and policy makers
• Organizations, industry associations, forums and alliances related to the global Web 3.0 blockchain market
The study is helpful in providing answers to several critical questions that are important to industry stakeholders such as vendors, partners, end users, etc. in addition to allowing them to develop investment strategies and capitalize on market opportunities.
Company Profiles: Detailed analysis of the major companies operating in the global Web 3.0 blockchain market.
With the market data provided, we offer customizations based on a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of other market players (up to five).
Read the full report: https://www.reportlinker.com/p06267914/?utm_source=GNW
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