Web 3.0 Market worth $9.53 billion by 2030, growing at a CAGR of 32.22% - Exclusive Report by 360iResearch

The "Web 3.0 Market by Technology Layer (Artificial learning & Machine learning, Blockchain, Decentralized Data Network/ Decentralized Storage), Type (Consortium, Hybrid, Private), Offering, Web 3.0 Stack, Application, End-user - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Web 3.0 Market to grow from USD 1.34 billion in 2023 to USD 9.53 billion by 2030, at a CAGR of 32.22%.

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Web 3.0, or Web 3, is the concept of the next generation of the web, in which users are connected via a decentralized network and have access to their data. Web 3.0 offers users more control over online content and makes data analysis more coherent. The growing initiatives from government agencies to introduce digitization projects based on Web 3.0 blockchains, rising data security concerns, and growing applications of Web 3.0 in payment systems are propelling the growth of the Web 3.0 market. Blockchain technology enables human-like intelligence to systems and improves data communication; as a result, companies are embracing Web 3.0 blockchain to improve data privacy and security, which is further driving the growth of the Web 3.0 market. The high cost of development and implementation of Web 3.0 solutions hinders the market prospects. However, the increasing popularity of cryptocurrencies in digitizing and gaming & non-fungible tokens (NFTs) spaces is raising the potential scope for Web 3.0. Additionally, the emerging number of startups and investments in blockchain-based systems is expected to boost the Web 3.0 market growth in the coming future.

In the Americas, well-established technology hubs and the increasing use of cryptocurrency raised the utilization of Web 3.0 technology. Major tech companies are investing heavily in Web 3.0 solutions across the United States and Canada to provide scalable decentralized platforms for end-users, including the government, fostering the scope of America's Web 3.0 market. The regional governments supporting responsible digitalization of financial institutes and the defense sector to expand access to safe data communication have created a strong landscape for the global Web 3.0 in the Americas. In Asia-Pacific, rapidly rising digital transactions, government initiatives and investment in blockchain technology, and advancement in FinTech blockchain technology significantly increased the utilization of Web 3.0 technology. Countries, including India, Singapore, and Hong Kong, have established several partnerships with market players to leverage Web 3.0 in asset tracking and data management. Adopting Web 3.0 technology in the EMEA region has increased, owing to the increasing regulatory support, collaboration between end-users and market startups, and rising demand for enhanced data management solutions. The emergence of several startups across the region has spurred the growth of the Web 3.0 market in EMEA.

Market Segmentation & Coverage:

This research report categorizes the Web 3.0 Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Technology Layer, market is studied across Artificial learning & Machine learning, Blockchain, Decentralized Data Network/ Decentralized Storage, and Edge Computing. The Blockchain commanded largest market share of 32.13% in 2023, followed by Artificial learning & Machine learning.

Based on Type, market is studied across Consortium, Hybrid, Private, and Public. The Public commanded largest market share of 33.45% in 2023, followed by Private.

Based on Offering, market is studied across Decentralized Messaging & Communication Services, Distributed Edge Cloud Services, Identity & Access Management Services, Non-Fungible Tokens, and Web 3.0 Browsers & Wallets. The Web 3.0 Browsers & Wallets commanded largest market share of 21.70% in 2023, followed by Decentralized Messaging & Communication Services.

Based on Web 3.0 Stack, market is studied across Layer 0 - Infrastructure, Layer 1 - Protocol, Layer 2 - Utility, Layer 3 - Service, and Layer 4 - Application. The Layer 0 - Infrastructure commanded largest market share of 27.79% in 2023, followed by Layer 1 - Protocol.

Based on Application, market is studied across Conversational AI, Cryptocurrency, Data & Transaction Storage, Payments, and Smart Contract. The Conversational AI commanded largest market share of 23.73% in 2023, followed by Smart Contract.

Based on End-user, market is studied across BFSI, E-Commerce & Retail, Energy & Utility, Healthcare & Pharmaceuticals, IT & Telecom, and Media & Entertainment. The BFSI commanded largest market share of 21.22% in 2023, followed by IT & Telecom.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 41.38% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Web 3.0 Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Web 3.0 Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Web 3.0 Market, highlighting leading vendors and their innovative profiles. These include Alchemy Insights, Inc., Amazon Web Services, Inc., Ava Labs, Inc., Biconomy, Binance, Brave Software, Inc., Chainlink Foundation, Cloudflare, Inc., Coinbase Global, Inc., Consensys Software Inc., Covalent Research and Development, Crypto.com, Cultos by Authenticiti, Inc., Filecoin, Fujitsu Limited, Google LLC by Alphabet Inc., HCL Technologies Limited, Huawei Cloud Computing Technologies Co., Ltd., InfStones Limited, International Business Machines Corporation, Kadena LLC, KryptoGO, Inc., Microsoft Corporation, NTT Docomo Inc., Ocean Protocol Foundation Ltd., Oracle Corporation, Parfin by Parity Financial Ltd., Pinata Technologies, Inc., Polygon Labs UI (Cayman) Ltd., Ripple Labs Inc., Salesforce, Inc., SAP SE, Stiftung Ethereum, Terraform Labs Pte. Ltd., Tezos Foundation, The Algorand Foundation Ltd., Web3 Foundation, and web3.storage.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Web 3.0 Market, by Technology Layer
7. Web 3.0 Market, by Type
8. Web 3.0 Market, by Offering
9. Web 3.0 Market, by Web 3.0 Stack
10. Web 3.0 Market, by Application
11. Web 3.0 Market, by End-user
12. Americas Web 3.0 Market
13. Asia-Pacific Web 3.0 Market
14. Europe, Middle East & Africa Web 3.0 Market
15. Competitive Landscape
16. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Web 3.0 Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Web 3.0 Market?
3. What is the competitive strategic window for opportunities in the Web 3.0 Market?
4. What are the technology trends and regulatory frameworks in the Web 3.0 Market?
5. What is the market share of the leading vendors in the Web 3.0 Market?
6. What modes and strategic moves are considered suitable for entering the Web 3.0 Market?

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