Global Web 3.0 Blockchain Market Overview:
According to SPER Market Research, the Global Web 3.0 Blockchain Market is estimated to reach USD 75.77 billion by 2032 with a CAGR of 44.12%.
Artificial intelligence (AI), blockchain technology, and machine learning (ML) are the three key foundations of web 3.0. The primary element fuelling market growth is web 3.0's capacity to allow users to access decentralized apps using decentralized blockchain technology. Web 3.0 enables people to govern their data on websites and delivers perspective depending on their search content. Communication between people and machines has altered as a result of Web 3.0, which enables frictionless ownership Transmission, cryptocurrency-based payments, and data transfer. People have the choice of what data they disclose thanks to blockchain technology for Web 3.0. With web 3.0 blockchain technology, the customer controls THEIR data, not any third-party source. The user now accepts personal data rather than third-party sources as a result of this. As a result, blockchain technology has advanced. As the concept of data ownership gains traction, people are turning to web 3.0 blockchains to protect their data and eliminate worries about security and privacy from third-party vendors.
Impact of COVID-19 on the Global Web 3.0 Blockchain Market
Worldwide, the COVID-19 pandemic eruption has had an impact on a number of businesses. To slow the pandemic's rapid spread, governments all across the world enacted stringent lockdown regulations and social segregation standards. As a result, during the early stages of the epidemic, industrial plants all around the world were shut down. Additionally, the economic downturn that followed the epidemic may cause a large delay in the commercial launch of the IT sector. The foundation of technology providers is the number of small and medium-sized businesses, which have seen a sharp decline in sales since the epidemic started. As a result, a number of market participants had difficulties as supply chain interruptions were noted. Nevertheless, since additional supplies are anticipated to restart, things will become better in the second part of the current year.
The COVID-19 epidemic is anticipated to benefit the Web 3.0 blockchain sector. Blockchain-based Web 3.0 has completely changed the cryptocurrency market and the system for electronic payments. As a result of the COVID-19 epidemic, nations all across the world have begun to adopt technology related to smart contracts, exchanges, and digital identification. Additionally, the business is anticipated to develop as Web 3.0 cryptocurrencies are increasingly used for quicker transactions.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Blockchain Type, By Application, By End User |
| Geographies covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | 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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Global Web 3.0 Blockchain Market Segmentation:
By Blockchain Type: Based on the Blockchain Type, Global Web 3.0 Blockchain Market is segmented as; Consortium, Hybrid, Private, Public.
By Application: Based on the Application, Global Web 3.0 Blockchain Market is segmented as; Conversational AI, Cryptocurrency, Data & Transactional Storage, Payments, Smart Contracts, Others.
By End User: Based on the End User, Global Web 3.0 Blockchain Market is segmented as; BFSI, Retail & E-Commerce, Media & Entertainment, Pharmaceuticals, IT & Telecom, Others.
By Region: North America owns the prime share of this market; the major factors of the market's growth in the region are expanding acceptance of Web 3.0 in many operating systems, including blockchain-based systems. Additionally, the region's rise is being accentuated by the presence of significant blockchain solution providers like Web3 Foundation and Helium Systems Inc. During the forecast period, it is expected that the Asia Pacific region would expand the quickest. The main reason fuelling the expansion of the Asia Pacific area is the banking and financial industry's quick adoption of digitalization utilising Web 3.0. The region's retail and e-commerce sectors, which are among the biggest contributors to the blockchain industry, are expanding at the same time. The aforementioned elements are encouraging for the expansion of Web 3.0 blockchain in the Asia Pacific area.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Web 3.0 Blockchain Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Global Web 3.0 Blockchain Market, By Blockchain Type, 2019-2032 (USD Million)
6.1. Consortium, Hybrid
6.2. Private, Public
7. Global Web 3.0 Blockchain Market, By Application, 2019-2032 (USD Million)
7.1. Conversational AI
7.2. Cryptocurrency
7.3. Data & Transactional Storage
7.4. Payments
7.5. Smart Contracts
7.6. Others
8. Global Web 3.0 Blockchain Market, By End Use, 2019-2032 (USD Million)
8.1. BFSI
8.2. Retail & E-Commerce
8.3. Media & Entertainment
8.4. Pharmaceuticals
8.5. IT & Telecom
8.6. Others
9. Global Web 3.0 Blockchain Market, By Region, 2019-2032 (USD Million)
9.1 North America
9.1.1 United States
9.1.2 Canada
9.1.3 Mexico
9.2 Europe
9.2.1 Germany
9.2.2 United Kingdom
9.2.3 France
9.2.4 Italy
9.2.5 Spain
9.2.6 Rest of Europe
9.3 Asia-Pacific
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 Australia
9.3.5 South Korea
9.3.6 Rest of Asia-Pacific
9.4 South America
9.4.1 Brazil
9.4.2 Argentina
9.4.3 Rest of South America
9.5 Middle East & Africa
9.5.1 Kingdom of Saudi Arabia
9.5.2 United Arab Emirates
9.5.3 Rest of Middle East & Africa
10. Company Profiles
10.1 Alchemy Insights
10.1.1 Company details
10.1.2 Financial outlook
10.1.3 Product summary
10.1.4 Recent developments
10.2 Antier Solutions
10.2.1 Company details
10.2.2 Financial outlook
10.2.3 Product summary
10.2.4 Recent developments
10.3 Biance
10.3.1 Company details
10.3.2 Financial outlook
10.3.3 Product summary
10.3.4 Recent developments
10.4 Decentraland
10.4.1 Company details
10.4.2 Financial outlook
10.4.3 Product summary
10.4.4 Recent developments
10.5 Filecoin
10.5.1 Company details
10.5.2 Financial outlook
10.5.3 Product summary
10.5.4 Recent developments
10.6 Helium Systems Inc.
10.6.1 Company details
10.6.2 Financial outlook
10.6.3 Product summary
10.6.4 Recent developments
10.7 Kadena LLC
10.7.1 Company details
10.7.2 Financial outlook
10.7.3 Product summary
10.7.4 Recent developments
10.8 Kusama
10.8.1 Company details
10.8.2 Financial outlook
10.8.3 Product summary
10.8.4 Recent developments
10.9 Livepeer Inc.
10.9.1 Company details
10.9.2 Financial outlook
10.9.3 Product summary
10.9.4 Recent developments
10.10 Ocean Protocol Foundation Ltd.
10.10.1 Company details
10.10.2 Financial outlook
10.10.3 Product summary
10.10.4 Recent developments
10.11 Polygon Technology
10.11.1 Company details
10.11.2 Financial outlook
10.11.3 Product summary
10.11.4 Recent developments
10.12 Terra
10.12.1 Company details
10.12.2 Financial outlook
10.12.3 Product summary
10.12.4 Recent developments
10.13 Web3 Foundation
10.13.1 Company details
10.13.2 Financial outlook
10.13.3 Product summary
10.13.4 Recent developments
10.14 Zel Technologies Ltd.
10.14.1 Company details
10.14.2 Financial outlook
10.14.3 Product summary
10.14.4 Recent developments
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
