According to SPER Market Research, the Global web 3.0 blockchain market is predicted to grow most rapidly in emerging economies. The expansion can be ascribed to the increasing desire for data privacy through Web 3.0’s decentralized identity and the development of the internet’s technology.
Additionally anticipated to contribute to the expansion is the quick rise in popularity of digital assets like cryptocurrencies and the rollout of 5G and 6G technology.
Web 3.0 Blockchain Market Overview:
- Forecast CAGR (2022-2032): 44.12%
- Forecast Market Size (2032): 75.77 billion
The expansion of the Web 3.0 blockchain business is also being aided by the rising use of linked devices and better transactional procedures.
Impact of COVID-19 on the Web 3.0 Blockchain Market:
It is believed that the Web 3.0 blockchain industry would gain from the COVID-19 pandemic. The crypto market and the mechanism for electronic payments have both been dramatically transformed by Web 3.0’s blockchain technology. The COVID-19 pandemic has prompted governments all across the world to start implementing technologies connected to exchanges, digital identity, and smart contracts. The industry is also projected to grow as Web 3.0 cryptocurrencies are utilized more often for speedier transactions.
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Global Web 3.0 Blockchain Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
By Blockchain Type,
- Public 3D Body Scanners
- Conversational AI
- Data & Transactional Storage
- Smart Contracts
- Other Millimetre Wave Systems
By End User,
- BFSI, Retail & E-Commerce
- Media & Entertainment
- IT & Telecom
- North America
- Asia Pacific
- South America
- Middle East & Africa
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Global Web 3.0 Blockchain Market Key Players:
The Global Web 3.0 Blockchain Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; Alchemy Insights, Antier Solutions, Biance, Decentraland, Filecoin, Helium Systems Inc., Kadena LLC, Kusama, Livepeer Inc., Ocean Protocol Foundation Ltd., Polygon Technology, Terra, Web3 Foundation, Zel Technologies Ltd.
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Smith Williams, Business Consultant – USA
SPER Market Research