According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Web 3.0 Market - Industry Trends and Forecast to 2028 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.

Global Web 3.0 Market Analysis and Size

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.

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Some of the major players operating in the Web 3.0 Market are Ripple Labs Inc., ConsenSys, Coinbase, Binance, Kraken, BlockFi, Sciencesoft, iTechArt, Appinventiv, Leeway Hetz, Terra, Chorus One, Synthetix, Crypto.com, Filecoin, Others.

Web 3.0 Market Growth Driver:

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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Market Segment and Geographical Analysis

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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