Web 3.0 Blockchain Market Forecast (2031) – Size & Share Report

 

The web 3.0 blockchain market size is expected to grow at a CAGR of 45.3% from 2023 to 2031. The web 3.0 blockchain market includes growth prospects owing to the current web 3.0 blockchain market trends and their foreseeable impact during the forecast period. The web 3.0 blockchain market is growing due to factors such as increased tokenization of real-world assets and the huge growth of blockchain technology.

Web 3.0 Blockchain Market Analysis

Web 3.0 blockchain refers to the next generation of the internet, where decentralized technologies like blockchain are used to create a more secure, transparent, and efficient online ecosystem for businesses and users. Web 3.0 blockchain is a new foundation for the internet, where data and transactions are verified and stored across a network of computers rather than being controlled by a central authority. This offers benefits like improved data privacy, reduced costs, and increased trust between parties.

Web 3.0 Blockchain Market Industry Overview

• The Web 3.0 blockchain market is witnessing huge growth. This next-generation internet technology offers enhanced security, transparency, and efficiency.
• Industries such as BFSI, supply chain, healthcare, and voting are increasingly adopting blockchain technology for secure transactions, transparent tracking, data sharing, and tamper-proof elections.
• Moreover, Companies are increasingly investing in blockchain solutions to reduce costs, improve trust, and innovate their operations.

Web 3.0 Blockchain Market Driver

Huge Growth of Blockchain Technology To Drive The Web 3.0 Blockchain Market

• In today's digital world, blockchain technology has emerged as a transformative technology with the potential to revolutionize various industries. Its decentralized and transparent networks offer enhanced security, efficiency, and trust. Blockchain technology is emerging as a fundamental element of the digital future.
• According to Demandsage, more than 300 million people worldwide use blockchain, which represents 3.9% of the global population will use blockchain in 2024. The world's top 10 countries leading blockchain adoption are Japan, China, Lebanon, Switzerland, South Africa, the UK, Singapore, Bahamas, the US, and Estonia.
• With the increasing use of blockchain technology, the demand for wen 3.0 also increases. Thus such huge growth of the blockchain technology will drive the web 3.0 blockchain market growth.

Web 3.0 Blockchain Market Report Segmentation Analysis

• Based on type, the Web 3.0 blockchain market is segmented into public, private, and others. The public segment is expected to hold a substantial web 3.0 blockchain market share in 2023.

Web 3.0 Blockchain Market Share Analysis By Geography

The scope of the Web 3.0 blockchain market is primarily divided into five regions - North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is experiencing rapid growth and is anticipated to hold a significant Web 3.0 blockchain market share. With businesses increasingly adopting blockchain technology for enhanced security and efficiency, the North American region has become a hub for innovation. Organizations in North America are investing heavily in blockchain solutions to stay competitive and meet evolving customer demands.

Web 3.0 Blockchain Market Report Scope

The "Web 3.0 Blockchain Market Analysis" was carried out based on type, application, end use, and geography. On the basis of type, the market is segmented into public, private, and others.  On the basis of application, the market is segmented into conversational AI, data & transaction storage, cryptocurrency, payments, smart contracts, and others. On the basis of end-users, the market is segmented into BFSI, retail & e-commerce, media & entertainment, pharmaceuticals, it & telecom, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Web 3.0 Blockchain Market News and Recent Developments

Companies adopt inorganic and organic strategies such as mergers and acquisitions in the Web 3.0 blockchain market. A few recent key market developments are listed below:

• In February 2023, Fujitsu announced the launch of its "Fujitsu Web3 Acceleration Platform," offering a developmental environment as well as various service APIs based on blockchain and high-performance computing technologies.

[Source: Fujitsu, Press Release]

• In June 2022, INTEX announced the adoption of 5ire blockchain to enter web 3.0. The adoption of 5ire's blockchain to enter Web 3.0 by INTEX would embark on a new technological revolution in the retail industry.

[Source: INTEX, Press Release]

Web 3.0 Blockchain Market Report Coverage & Deliverables

The Web 3.0 blockchain market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "Web 3.0 Blockchain Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-

• Market size & forecast at global, regional, and country levels for all the key market segments covered under the scope.
• Market dynamics such as drivers, restraints, and key opportunities.
• Key future trends.
• Detailed PEST & SWOT analysis
• Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
• Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
• Detailed company profiles.

Web 3.0 Blockchain Report Scope