The global Web 3.0 market size reached USD 3.2 Billion in 2021 and is expected to register a revenue CAGR of 43.7% during the forecast period, according to latest analysis by Emergen Research. Emergence of 5G and 6G networks along with blockchain technologies and launch of new Web 3.0 dApps and Web3 wallets is a major factor projected to drive market revenue growth between 2021 and 2030. Web 3.0 is driven by Machine Learning (ML) and Artificial Intelligence (AI), which allows computers to analyze large volumes of data and aids in distribution of content based on a users’ specific needs. Web 3.0 apps arebuilt on decentralized networks of several peer-to-peer servers, blockchains, or hybrid of the two, in which developers are rewarded for providing high-quality services, thereby establishing a stable and secure decentralized network.
The global Web 3.0 industry has been broadly categorized in terms of product type, application spectrum, end-user industry, and an intensely competitive landscape. The report inspects the current market scenario, past performance, demand and supply ratios, production and consumption rates, sales, and numerous growth opportunities available. Further, into the study, the report predicts the prospective growth of the market’s leading regional segments. A lucid outline of the competitive scenario of the Web 3.0 market is likely to help businesses involved in this sector decipher the optimal business moves to reach their desired business goals.
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Key Players operating in the industry are:
Web3 Foundation, Helium, Ocean Protocol Foundation Ltd., Decentraland, Binance, Alchemy Insights, Inc., Crypto.com, Coinbase, Ripple, and Highstreet
Radical Features of the Web 3.0 Market Report:
- The report encompasses Web 3.0 market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Web 3.0 industry
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Segmentation:
Type Outlook (Revenue, USD Billion; 2019–2030)
- Ubiquity
- Semantic Web
- Artificial Intelligence (AI)
- 3D Graphics
- Others
Blockchain Type Outlook (Revenue, USD Billion; 2019–2030)
- Public
- Private
- Consortium
- Hybrid
- Others
Application Outlook (Revenue, USD Billion; 2019–2030)
- Cryptocurrency
- Conversational Al
- Data and Transaction Storage
- Payments
- Smart Contract
- Others
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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