Global Web 3.0 Blockchain Market Competition Forecast and Opportunities to 2027 – Growing Popularity of Digital Assets, Cryptocurrency and Rollout of 5G and 6G Technologies is Creating High Demand – ResearchAndMarkets.com – Yahoo Finance

DUBLIN, May 20, 2022–(BUSINESS WIRE)–The "Global Web 3.0 Blockchain Market, By Blockchain Type (Public, Private, Consortium, and Hybrid), 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
Report Scope:
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:
Public
Private
Consortium
Hybrid
Web 3.0 Blockchain Market, By Application:
Cryptocurrency
Conversational AI
Data & Transaction Storage
Payments
Smart Contract
Others
Web 3.0 Blockchain Market, By Vertical:
BFSI
E-commerce & Retail
Media & Entertainment
Healthcare & Pharmaceuticals
IT & Telecom
Others
Web 3.0 Blockchain Market, By Organization Size:
Small and Medium-Sized Enterprises
Large Enterprises
Web 3.0 Blockchain Market, By Region:
United States
Canada
Mexico
China
India
Japan
South Korea
Australia
Singapore
Malaysia
Europe
Germany
United Kingdom
France
Italy
Spain
Poland
Denmark
Brazil
Argentina
Colombia
Peru
Chile
Saudi Arabia
South Africa
UAE
Iraq
Turkey
Companies Mentioned
Polkadot (Web3 Foundation)
Helium Systems Inc.
Ocean Protocol Foundation Ltd.
Decentraland
Flux
Filecoin
Kadena
Zcash
For more information about this report visit https://www.researchandmarkets.com/r/hcg188
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220520005149/en/
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