Product Code: GVR-4-68040-184-4
Web 3.0 Market Growth & Trends:
The global Web 3.0 market is anticipated to reach USD 33.53 billion by 2030. The market is expected to expand at a CAGR of 49.3% during the forecast period, according to a new report by Grand View Research, Inc. The ability of Web 3.0 to authorize the users to use the decentralized blockchain technology for accessing the decentralized applications is the major factor driving the market growth. Web 3.0 provides perception based on the users' search content and allows them to control their data on websites.
Web 3.0 technology is also used in social network platforms that aim to improve the customer experience, such as how customers communicate, interact and form communities. Rising investments in Web 3.0 blockchain technology to expand its application is a significant factor driving the growth of the industry. For instance, according to the statistics of Venture Intelligence, a financial analysis company, Web 3.0 and crypto startups have raised more than USD 1 billion in funding across 43 deals in the first six months of 2022.
Numerous companies across the globe are also focusing on launching Web 3.0 practices to help startups scale their businesses and develop innovative solutions. For instance, in July 2022, KiwiTech, an innovation ecosystem company, launched a Web 3.0 Center of Excellence service to empower the next-generation blockchain innovations for startup companies. Such a launch of services is expected to create lucrative growth opportunities for the market during the forecast period.
Web 3.0 Market Report Highlights:
- The public segment dominated the market in 2023. The growth of the segment can be attributed to the increased demand for public blockchain technology owing to the free, secure, and permissionless accessibility to anyone with internet access.
- The cryptocurrency segment dominated the market in 2023. Enterprises are increasingly in need of high-performance cryptocurrency transaction services. Web 3.0 cryptocurrencies use blockchain and smart contracts to automate transactions and eliminate the need for a third-party entity which is anticipated to support the segment's growth.
- The retail & e-commerce segment is anticipated to register the fastest growth over the forecast period. Increasing demand for Web 3.0 blockchain in retail & e-commerce owing to benefits such as reduced costs, faster payments, improved security, and increased transparency is expected to fuel the segment's growth.
- The Asia Pacific regional market is anticipated to emerge as the fastest-growing market during the projection period. The increasing advancements in 5G, artificial intelligence, and machine learning is the major factor driving the growth of the Asia Pacific region. Moreover, growing investments in research & development of Web 3.0 is anticipated to aid the growth.
- In June 2023, SailGP, an international sailing competition extended its partnership agreement for additional three years with Oracle Corporation. 'The Dock', a Web 3.0-integrated fan loyalty programme will be powered by Oracle Customer Experience (OCX).
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Web 3.0 Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.1.1. Data ownership shifting toward the users
- 3.3.1.2. Rapid innovations in technology
- 3.3.2. Market Restraints Analysis
- 3.3.2.1. Lack of awareness about Web 3.0 blockchain
- 3.3.3. Industry Opportunities
- 3.3.4. Industry Challenges
- 3.4. Web 3.0 Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Web 3.0 Market: Blockchain Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Web 3.0 Market: Blockchain Type Movement Analysis, USD Million, 2023 & 2030
- 4.3. Public
- 4.3.1. Public Market Revenue Estimates and Forecasts, 2019 - 2030 (USD Million)
- 4.4. Private
- 4.4.1. Private Market Revenue Estimates and Forecasts, 2019 - 2030 (USD Million)
- 4.5. Consortium
- 4.5.1. Consortium Market Revenue Estimates and Forecasts, 2019 - 2030 (USD Million)
- 4.6. Hybrid
- 4.6.1. Hybrid Market Revenue Estimates and Forecasts, 2019 - 2030 (USD Million)
Chapter 5. Web 3.0 Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Web 3.0 Market: Application Movement Analysis, USD Million, 2023 & 2030
- 5.3. Cryptocurrency
- 5.3.1. Cryptocurrency Market Revenue Estimates and Forecasts, 2019 - 2030 (USD Million)
- 5.4. Conversational AI
- 5.4.1. Conversational AI Market Revenue Estimates and Forecasts, 2019 - 2030 (USD Million)
- 5.5. Data & Transaction Storage
- 5.5.1. Data & Transaction Storage Market Revenue Estimates and Forecasts, 2019 - 2030 (USD Million)
- 5.6. Payments
- 5.6.1. Payments Market Revenue Estimates and Forecasts, 2019 - 2030 (USD Million)
- 5.7. Smart Contracts
- 5.7.1. Smart Contracts Market Revenue Estimates and Forecasts, 2019 - 2030 (USD Million)
- 5.8. Others
- 5.8.1. Others Market Revenue Estimates and Forecasts, 2019 - 2030 (USD Million)
Chapter 6. Web 3.0 Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Web 3.0 Market: End Use Movement Analysis, USD Million, 2023 & 2030
- 6.3. BFSI
- 6.3.1. BFSI Market Revenue Estimates and Forecasts, 2019 - 2030 (USD Million)
- 6.4. Retail & E-commerce
- 6.4.1. Retail & E-commerce Market Revenue Estimates and Forecasts, 2019 - 2030 (USD Million)
- 6.5. Media & Entertainment
- 6.5.1. Media & Entertainment Market Revenue Estimates and Forecasts, 2019 - 2030 (USD Million)
- 6.6. Pharmaceuticals
- 6.6.1. Pharmaceuticals Market Revenue Estimates and Forecasts, 2019 - 2030 (USD Million)
- 6.7. IT & Telecom
- 6.7.1. IT & Telecom Market Revenue Estimates and Forecasts, 2019 - 2030 (USD Million)
- 6.8. Others
- 6.8.1. Others Market Revenue Estimates and Forecasts, 2019 - 2030 (USD Million)
Chapter 7. Web 3.0 Market: Regional Estimates & Trend Analysis
- 7.1. Web 3.0 Market Share, By Region, 2023 & 2030, USD Million
- 7.2. North America
- 7.2.1. North America Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.3.2. U.K.
- 7.3.2.1. U.K. Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Japan Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. India Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.4.5. Australia
- 7.4.5.1. Australia Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.4.6. South Korea
- 7.4.6.1. South Korea Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.5.3. Mexico
- 7.5.3.1. Mexico Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.6.2. Saudi Arabia
- 7.6.2.1. Saudi Arabia Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.6.3. UAE
- 7.6.3.1. UAE Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Web 3.0 Market Estimates and Forecasts, 2019 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis
- 8.5. Company Heat Map Analysis
- 8.6. Strategy Mapping
- 8.6.1. Expansion
- 8.6.2. Mergers & Acquisition
- 8.6.3. Partnerships & Collaborations
- 8.6.4. New Product Launches
- 8.6.5. Research And Development
- 8.7. Company Profiles
- 8.7.1. Web3 Foundation (Polkadot)
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Product Benchmarking
- 8.7.1.4. Recent Developments
- 8.7.2. Helium Systems Inc.
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Product Benchmarking
- 8.7.2.4. Recent Developments
- 8.7.3. Ocean Protocol Foundation Ltd.
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Product Benchmarking
- 8.7.3.4. Recent Developments
- 8.7.4. Zel Technologies Limited.
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Product Benchmarking
- 8.7.4.4. Recent Developments
- 8.7.5. Kusama
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Product Benchmarking
- 8.7.5.4. Recent Developments
- 8.7.6. Livepeer, Inc.
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Product Benchmarking
- 8.7.6.4. Recent Developments
- 8.7.7. Filecoin
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Product Benchmarking
- 8.7.7.4. Recent Developments
- 8.7.8. Kadena LLC
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Product Benchmarking
- 8.7.8.4. Recent Developments
- 8.7.9. Polygon technology
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Product Benchmarking
- 8.7.9.4. Recent Developments
- 8.7.10. Terra
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Product Benchmarking
- 8.7.10.4. Recent Developments