Web 3.0 Market - Industry Trends and Forecast to 2028

MarkNtel Advisors, a prominent market research firm, has recently published a report titled Web 3.0 Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Web 3.0 market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.

Web 3.0 Reports Highlights

What is the size of the Web 3.0 Market?

Global Web 3.0 Market is expected to grow at a CAGR of 50% during the forecast period 2023-2028 and would reach USD 11.33 Billion in 2022. The market is characterized by the decentralized internet ecosystem, paired with blockchain technology that results in increased consumer usefulness and openness. The inclusion of such innovative technologies would revolutionize internet usage by enabling users to sell, purchase, own, and profit by converting their digital material into NFTs (Non-Fungible Tokens). Web 3.0 aids zero-knowledge proofs and more secure personal data to be used in digital infrastructure. other than this, it also supports peer-to-peer digital financial transactions.

What do the growth prospects and trends look like in the Web 3.0 Industry?

Increased Transparency with The Decentralized Network: The industry growth is primarily attributed to the unique features of web 3.0, including decentralization, enhanced connectivity with other systems, User-Generated Content (UGC), etc. With distributed networks, the transactions exhibit extreme transparency while ensuring that no tampering has been done with the data. Thus, the technology aid in making transactions recordable and irreversible, enabling customers to benefit during audits. The technique also facilitates users with direct communication over the internet by becoming a part of a Decentralized Autonomous Organization (DAO). With increased transparency and accountability, blockchain technology has prompted the emergence of a transparent and responsible digital economy in recent years.

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What Components are encompassed within Web 3.0 Market segmentation?

The report has divided the market into the following segments:

By Type

-Public

-Private

-Consortium

-Hybrid

By Application

-Cryptocurrency

-Conversational AI

-Data & Transaction Storage

-Payments

-Smart Contracts

-Others

By End User

-BFSI

-Retail & E-Commerce

-Media & Entertainment

-Healthcare

-IT & Telecom

-Hospitality

-Government & Transportation

-Others

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific.

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Who are the Primary Companies or Entities active in the Industry?

The report covers the major market players including:

-Ripple Labs Inc.

-ConsenSys

-Coinbase

-Binance

-Kraken

-BlockFi

-Sciencesoft

-iTechArt

-Appinventiv

-Leeway Hetz

-Terra

-Chorus One

-Synthetix

-Crypto.com

-Filecoin

-Others.

About Us-

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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