Web 3.0 Blockchain Market size is expected to grow at a CAGR of 45.3% during the forecast period

Web 3.0 Blockchain Market size is expected to grow at a CAGR of 45.3% during the forecast period

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PRESS RELEASE

Published June 8, 2023

According to the study initiated by Evolve Business Intelligence, the global Web 3.0 Blockchain market size was USD 3.2 billion in 2022, growing at a CAGR of 45.3% from 2023 to 2033. The Web 3.0 Blockchain market has seen significant growth, with increased use of decentralized applications and smart contracts. It offers a more secure, transparent and efficient ecosystem for various industries, including finance, supply chain, healthcare and gaming, with a focus on users’ privacy and control over their data.

Web 3.0 Blockchain Market size is expected to grow at a CAGR of 45.3% during the forecast period

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Key highlights:

  • The global Web 3.0 Blockchain Market size was valued at USD 3.2 billion in 2022 and growing at a CAGR of 45.3% from 2023 to 2033.
  • North America dominated the market in 2022
  • Asia Pacific is expected to grow the fastest with the highest CAGR from 2023 to 2033

Evolve Business Intelligence has recently released a new market research report on the Global Web 3.0 Blockchain Market. The report covers a wide range of aspects such as market size and forecast, market dynamics, competitor market share analysis, value and volume of the market, SWOT analysis, product benchmarking, recent developments of key players and potential opportunities. In addition, the market has been assessed based on four indicators in the market dynamics chapter, including drivers, restraints, key trends and challenges.

In terms of COVID 19 impact, the Web 3.0 Blockchain market report also includes the following data points:

  • COVID19 Impact on Web 3.0 Blockchain Market Size
  • End user/industry/application trend and preferences
  • Public policy/regulations
  • Key player strategy to deal with adverse impact/post-COVID strategies
  • Opportunity in the Web 3.0 Blockchain Market
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Key players

Some of the major Web 3.0 Blockchain players holding high market shares include Web3 Foundation (Polkadot), Helium Systems Inc., Ocean Protocol Foundation Ltd. and Zel Technologies Limited. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The most important actors profiled in the report are:

  • Web3 Foundation (Polkadot)
  • Helium Systems Inc.
  • Ocean Protocol Foundation Ltd.
  • Zel Technologies Limited.
  • Kusama
  • Livepeer, Inc.
  • Filecoin
  • Kadena LLC
  • Polygon technology

Segment analysis

Market segments by type focusing on market share, consumption trend and growth rate of Web 3.0 Blockchain Market:

  • Public
  • Private
  • Consortium
  • Hybrid

Market segment by application focusing on market share, consumption trend and growth rate of Web 3.0 Blockchain Market:

  • Conversational AI
  • Data and transaction storage
  • Cryptocurrency
  • Payments
  • Smart contracts
  • Others

Market segment by end-use focusing on market share, consumption trend and growth rate of Web 3.0 Blockchain Market:

  • BFSI
  • Retail and e-commerce
  • Media and entertainment
  • Medicines
  • IT and telecom
  • Others
Parameters Details
Market Size (2022) 3.2 billion dollars
CAGR (2023 to 2033) 45.3%
Market segmentation Type, application, end use
Land covered USA, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordics, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East and Africa, and South America

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Global Web 3.0 Blockchain Geographic Coverage:

  • North America
  • Europe
    • Great Britain
    • Germany
    • France
    • Italy
    • Spain
    • Nordic countries
    • Benelux
    • The rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Australia
    • Rest of Asia Pacific
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • The rest of the MEA
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • The rest of Latin America
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Reasons to buy this report:

  • Detailed analysis of the impact of market drivers, restraints and opportunities
  • Competitive Intelligence provides an understanding of the ecosystem
  • Detailed analysis of the total addressable market (TAM) for your products
  • Investment pockets and new business opportunities
  • Demand-supply gap analysis
  • Strategy planning

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence and consulting firm that offers innovative solutions to challenging business pain points. Our market research reports include data useful for micro, small, medium and large businesses. We offer solutions that range from pure data collection to business consulting.

Evolve Business Intelligence is built on technology developments that provide highly accurate data through our in-house AI-modeled data analysis and forecasting tool – EvolveBI. This tool tracks real-time data, including quarterly results, annual performance and recent developments from Fortune Global 2000 companies.

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This press release is written with the intention of providing accurate market information that will enable our readers to make informed strategic investment decisions. If you discover any problems with this content, please feel free to contact us at [email protected]

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