The Web 3.0 blockchain market is estimated at 87761.35 USD

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Covina, May 05, 2022 (GLOBE NEWSWIRE) — Over the projected period, the global Web 3.0 blockchain market is expected to grow at a rapid rate. The steady advancement of technologies and the movement of data ownership towards consumers can be linked to the growth of the market. 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 a better browsing experience and makes data analysis more efficient. Web 3.0 is more interactive and user-friendly than previous versions. Major government agencies are launching digitization projects to provide a regulatory framework to facilitate the rise of Web 3.0 blockchains. Rising data security concerns, along with increased investment by companies to expand Web 3.0 blockchain applications, are likely to fuel the growth of the global Web 3.0 market. Rapid urbanization, globalization and digitalization enable consumers to utilize new technologies and live more fulfilling lives. Blockchain technology brings human-like intelligence to systems and improves data communication. As a result, companies are adopting web 3.0 blockchain to improve data security and privacy, which will drive the global web 3.0 blockchain market.

Analysis of the region:

The Web 3.0 blockchain market in Asia-Pacific is growing as a promising global market. Massive investments in digital currency by industry verticals, as well as major Web 3.0 blockchain markets such as India, Australia, and China, offer huge market opportunities. China, Japan and India are expected to experience strong growth over the forecast period. During the forecast period, the APAC Web 3.0 Blockchain Market is expected to generate significant revenue.

Highlights:

  • Dubai said in March 2022 that it had enacted a new cryptocurrency law to oversee digital asset and cryptocurrency activities as it strives to become a Web 3.0 powerhouse. The UAE intends to create a Dubai Virtual Assets Regulatory Authority under the new law, which will be responsible for regulating blockchain-based virtual assets.
  • In 2022, Adrix, a global leader in creating benchmarks based on individual performance, announced AllStars Digital (ASD), the first ecosystem of its kind that will tokenize and support the trading of a wide range of related alternatives At the sports. assets, such as player-based digital assets.

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Key market insights from the report:

The global Web 3.0 blockchain market was valued at US$1231.54 million in 2020 and is estimated to be worth US$87761.35 million by 2030 and is projected to register a CAGR of 45.20%. The Global Web 3.0 Blockchain Market report segments the market based on blockchain type, application, end-user, and region.

  • Based on blockchain type, the global web 3.0 blockchain market is segmented into public, private, consortium, and hybrid.
  • Based on application, the global web 3.0 blockchain market is segmented into cryptocurrency, conversational AI, data and transaction storage, payments, smart contract, and others.
  • Based on end-user, the global web 3.0 blockchain market is segmented into BFSI, e-commerce and retail, media and entertainment, healthcare and pharmaceuticals, IT and telecommunications, and others.
  • By region, the global web 3.0 blockchain market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Competitive Landscape and their Strategies of Global Web 3.0 Blockchain Market:

Major players operating in the global web 3.0 blockchain market include Polkadot (Web3 Foundation), Helium Systems Inc., Ocean Protocol Foundation Ltd., Decentraland, Flux, Filecoin, Kadena, ZCash, and others. Various countries around the world are working to legalize the use of cryptocurrencies in order to attract new participants and stimulate economic growth. For example, in March 2022, Dubai announced the adoption of a new cryptocurrency law to control the activities of digital assets and cryptocurrencies as part of its efforts to become a Web 3.0 hub. The UAE intends to create a Dubai Virtual Assets Regulatory Authority under the new law, which will be responsible for regulating blockchain-based virtual assets.

Report Scope:

  1. Global Web 3.0 Blockchain Market, by Blockchain Type, 2020-2030, (USD Million)
    • Insight
      • Market Value & Forecast (USD Million) & Share Analysis (%), 2020 – 2030
      • Annual Growth Analysis (%), 2020 – 2030
      • Industry trends
    • Audience
      • Insight
      • Market Size & Forecast (Million US$) & Annual Growth (%), 2020-2030
    • Private
      • Insight
      • Market Size & Forecast (Million US$) & Annual Growth (%), 2020-2030
    • Consortium
      • Insight
      • Market Size & Forecast (Million US$) & Annual Growth (%), 2020-2030
    • Hybrid
      • Insight
      • Market Size & Forecast (Million US$) & Annual Growth (%), 2020-2030
  2. Global Web 3.0 Blockchain Market, by Application, 2020-2030, (USD Million)
    • Insight
      • Market Value & Forecast (USD Million) & Share Analysis (%), 2020 – 2030
      • Annual Growth Analysis (%), 2020 – 2030
      • Industry trends
    • Cryptocurrency
      • Insight
      • Market Size & Forecast (Million US$) & Annual Growth (%), 2020-2030
    • Conversational AI
      • Insight
      • Market Size & Forecast (Million US$) & Annual Growth (%), 2020-2030
    • Data transaction and storage
      • Insight
      • Market Size & Forecast (Million US$) & Annual Growth (%), 2020-2030
    • Payments
      • Insight
      • Market Size & Forecast (Million US$) & Annual Growth (%), 2020-2030
    • Smart contracts
      • Insight
      • Market Size & Forecast (Million US$) & Annual Growth (%), 2020-2030
    • Others
      • Insight
      • Market Size & Forecast (Million US$) & Annual Growth (%), 2020-2030
  3. Global Web 3.0 blockchain market, by end-user, 2020-2030, (USD million)
    • Insight
      • Market Value & Forecast (USD Million) & Share Analysis (%), 2020 – 2030
      • Annual Growth Analysis (%), 2020 – 2030
      • Industry trends
    • BFSI
      • Insight
      • Market Size & Forecast (Million US$) & Annual Growth (%), 2020-2030
    • Retail and e-commerce
      • Insight
      • Market Size & Forecast (Million US$) & Annual Growth (%), 2020-2030
    • Media and Entertainment
      • Insight
      • Market Size & Forecast (Million US$) & Annual Growth (%), 2020-2030
    • Medications
      • Insight
      • Market Size & Forecast (Million US$) & Annual Growth (%), 2020-2030
    • IT & Telecom
      • Insight
      • Market Size & Forecast (Million US$) & Annual Growth (%), 2020-2030
    • Others
      • Insight
      • Market Size & Forecast (Million US$) & Annual Growth (%), 2020-2030

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Some important points addressed by this market report are given below:

  • Explains an overview of the product portfolio, including product development, planning and positioning
  • Explains details of key operational strategies with emphasis on R&D strategies, corporate structure, location strategies, production capabilities, and financial performance of various companies.
  • Detailed analysis of market revenue over the forecast period.
  • Examine various market perspectives using Porter’s Five Forces Analysis, PEST & SWOT Analysis.
  • Study on the segments expected to dominate the market.
  • Regional Analysis Study which is expected to register the highest growth over the forecast period

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