The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Web 3.0 Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Web 3.0 Industry (2023-2028):
According to the latest report, The 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 report demonstrates the prominent factors propelling the exponential growth of the Web 3.0 industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2019-22
- Base Year: 2023
- Forecast Period: 2023-28
- CAGR (2023-2028): 50%
What are the major Driver 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.
Download a sample PDF of this report to gain insights into the complete report structure – https://www.marknteladvisors.com/query/request-sample/global-web-3-blockchain-market.html
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Web 3.0 Market Segmentation
The Web 3.0 Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- 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 sAmerica
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Web 3.0 Market is expected to be dominated by North America by capturing the potential market share.
Explore further details about this research report – https://www.marknteladvisors.com/research-library/global-web-3-blockchain-market.html
Top Companies in the Web 3.0 Market
Ripple Labs Inc., ConsenSys, Coinbase, Binance, Kraken, BlockFi, Sciencesoft, iTechArt, Appinventiv, Leeway Hetz, Terra, Chorus One, Synthetix, Crypto.com, Filecoin, Others
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Global Web 3.0 Industry Recent Developments
In October 2022, Web3 Foundation collaborated with edx to launch Web3X, a series of courses on Web3, blockchain technology, and Polkadot.
In August 2022, Web3 Foundation announced to offer funding and expertise to the Web3 media pilot project produced in partnership with David Tomchak and WAN-IFRA.
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