The global Web 3.0 market size reached USD 3.2 Billion in 2021 and is expected to register a revenue CAGR of 43.7% during the forecast period, according to latest analysis by Emergen Research. Emergence of 5G and 6G networks along with blockchain technologies and launch of new Web 3.0 dApps and Web3 wallets is a major factor projected to drive market revenue growth between 2021 and 2030. Web 3.0 is driven by Machine Learning (ML) and Artificial Intelligence (AI), which allows computers to analyze large volumes of data and aids in distribution of content based on a users’ specific needs. Web 3.0 apps arebuilt on decentralized networks of several peer-to-peer servers, blockchains, or hybrid of the two, in which developers are rewarded for providing high-quality services, thereby establishing a stable and secure decentralized network.
A recent study on the Web 3.0 market closely examines the performance of the major market vendors operating in the Web 3.0 market for the forecast period 2020 to 228. When studying the prominent manufacturers dominating the industry the research takes a closer look at ther weaknesses and strengths too. A thorough discussion on winning strategies that has enabled business owners to stay ahead in the competition forms an important part of this market intelligence report.
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Key companies operating in the Web 3.0 market include:
Web3 Foundation, Helium, Ocean Protocol Foundation Ltd., Decentraland, Binance, Alchemy Insights, Inc., Crypto.com, Coinbase, Ripple, and Highstreet
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Web 3.0 market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Web 3.0 Market
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Web 3.0 Market Segmentation:
Type Outlook (Revenue, USD Billion; 2019–2030)
- Ubiquity
- Semantic Web
- Artificial Intelligence (AI)
- 3D Graphics
- Others
Blockchain Type Outlook (Revenue, USD Billion; 2019–2030)
- Public
- Private
- Consortium
- Hybrid
- Others
Application Outlook (Revenue, USD Billion; 2019–2030)
- Cryptocurrency
- Conversational Al
- Data and Transaction Storage
- Payments
- Smart Contract
- Others
Web 3.0 Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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