Web 3.0 is considered the third generation of internet services, and blockchain technology acts as the base for Web 3.0 that offers various advantages like enhanced data security and privacy, setting new growth opportunities for the developers of Web 3.0 to grab the attention of the internet users. This technology has lowered the risk of cyber hacks and threats. The technology has reduced the risk and damage of websites and applications. Therefore, this is acting as the factor that is accelerating the growth of the Web 3.0 Blockchain Market. Further, it makes Web 3.0 blockchain technology suitable for cryptocurrency trading and mining.
The growth factors driving the Web 3.0 Blockchain Market are due to its features like data ownership shifting towards the users, increased transparency, and highly secured data security. The huge investments by the developers set open growth opportunities for the market.
Key Players
- Polkadot (Web3 Foundation)
- Helium Systems Inc.
- Ocean Protocol Foundation Ltd
- Decentraland
- Biance
- Alchemy Insights, Inc.
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Web 3.0 Market Recent Developments
- In May 2020, Web3 Foundation launched the initial version of Polkadot, a sharded protocol that allows decentralized blockchain networks to operate together, seamlessly, and at scale.
- In June 2019, Helium Systems Inc. launched the Helium Blockchain, one of the largest, public, decentralized LoRaWAN networks across the globe.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 14
1.1 MARKET ATTRACTIVENESS ANALYSIS 15
2 MARKET INTRODUCTION 16
2.1 DEFINITION 16
2.2 SCOPE OF THE STUDY 16
2.3 RESEARCH OBJECTIVE 16
2.4 MARKET STRUCTURE 17
3 RESEARCH METHODOLOGY 18
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4 MARKET DYNAMICS 25
4.1 INTRODUCTION 25
4.2 DRIVERS 26
4.2.1 DATA OWNERSHIP SHIFTING TOWARDS THE USER 26
4.2.2 INCREASED TRANSPARENCY 26
4.2.3 HIGHLY SECURED DATA SECURITY 26
4.2.4 DRIVER IMPACT ANALYSIS 27
4.3 RESTRAINTS 27
4.3.1 LACK OF AWARENESS 27
4.3.2 RESTRAINT IMPACT ANALYSIS 28
4.4 OPPORTUNITIES 28
4.4.1 RAPID INNOVATION IN TECHNOLOGY 28
4.5 CHALLENGES 28
4.5.1 DEPENDENCY OVER WEB 2.0 28
4.5.2 DIFFICULT TO REGULATE 29
4.5.3 SCALABILITY 29
4.6 IMPACT OF COVID-19 ON THE GLOBAL WEB 3.0 BLOCKCHAIN MARKET 29
4.6.1 IMPACT OF COVID-19 ON THE WEB 3.0 BLOCKCHAIN INDUSTRY 29
4.6.2 IMPACT OF COVID-19 ON THE IT INDUSTRY 29
4.6.3 IMPACT OF COVID-19 ON END-USE INDUSTRY VERTICAL 29
4.7 TECHNOLOGICAL TRENDS 30
4.7.1 NON-FUNGIBLE TOKEN (NFT) 30
4.7.2 DECENTRALIZED FINANCE (DEFI) 30
4.7.3 DECENTRALIZED AUTONOMOUS ORGANIZATIONS (DAOS) 30
4.8 DIFFERENCE BETWEEN WEB 1.0, WEB 2.0, AND WEB 3.0 30
4.9 EVOLUTION OF DECENTRALIZED WEB 31
5 MARKET FACTOR ANALYSIS 32
5.1 VALUE CHAIN ANALYSIS 32
5.1.1 RESEARCH AND DEVELOPER 32
5.1.2 SOLUTIONS PROVIDER 32
5.1.3 CUSTOMERS (END USER) 32
5.2 PORTER'S FIVE FORCES MODEL 33
5.2.1 THREAT OF NEW ENTRANTS 34
5.2.2 BARGAINING POWER OF SUPPLIERS 34
5.2.3 THREAT OF SUBSTITUTES 34
5.2.4 BARGAINING POWER OF BUYERS 34
5.2.5 INTENSITY OF RIVALRY 34
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6 GLOBAL WEB 3.0 BLOCKCHAIN MARKET, BY BLOCKCHAIN TYPE 35
6.1 INTRODUCTION 35
6.2 PUBLIC 36
6.3 PRIVATE 36
6.4 CONSORTIUM 37
6.5 HYBRID 37
7 GLOBAL WEB 3.0 BLOCKCHAIN MARKET, BY APPLICATION 38
7.1 INTRODUCTION 38
7.2 CRYPTOCURRENCY 39
7.3 CONVERSATIONAL AI 39
7.4 DATA & TRANSACTION STORAGE 39
7.5 PAYMENTS 39
7.6 SMART CONTRACT 40
7.7 OTHERS 40
8 GLOBAL WEB 3.0 BLOCKCHAIN MARKET, BY VERTICAL 41
8.1 INTRODUCTION 41
8.2 BFSI 42
8.3 E-COMMERCE & RETAIL 42
8.4 MEDIA & ENTERTAINMENT 42
8.5 HEALTHCARE & PHARMACEUTICALS 43
8.6 IT & TELECOM 43
8.7 OTHERS 43
9 GLOBAL WEB 3.0 BLOCKCHAIN MARKET, BY REGION 44
9.1 OVERVIEW 44
9.2 NORTH AMERICA 45
9.2.1 NORTH AMERICA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY COUNTRY, 2023–2030 (USD MILLION) 46
9.2.2 NORTH AMERICA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 47
9.2.3 NORTH AMERICA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 48
9.2.4 NORTH AMERICA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 49
9.2.5 US 50
9.2.5.1 US: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 50
9.2.5.2 US: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 51
9.2.5.3 US: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 51
9.2.6 CANADA 52
9.2.6.1 CANADA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 52
9.2.6.2 CANADA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 53
9.2.6.3 CANADA: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 53
9.2.7 MEXICO 54
9.2.7.1 MEXICO: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 54
9.2.7.2 MEXICO: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 55
9.2.7.3 MEXICO: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 55
9.3 EUROPE 56
9.3.1 EUROPE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY COUNTRY, 2023–2030 (USD MILLION) 57
9.3.2 EUROPE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 58
9.3.3 EUROPE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 59
9.3.4 EUROPE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 60
9.3.5 GERMANY 61
9.3.5.1 GERMANY: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 61
9.3.5.2 GERMANY: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 61
9.3.5.3 GERMANY: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 62
9.3.6 FRANCE 62
9.3.6.1 FRANCE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 62
9.3.6.2 FRANCE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 63
9.3.6.3 FRANCE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 63
9.3.7 UK 64
9.3.7.1 UK: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030 (USD MILLION) 64
9.3.7.2 UK: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030 (USD MILLION) 64
9.3.7.3 UK: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030 (USD MILLION) 65
9.3.8 REST OF EUROPE 65
9.3.8.1 REST OF EUROPE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY BLOCKCHAIN TYPE, 2023–2030
(USD MILLION) 65
9.3.8.2 REST OF EUROPE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY APPLICATION, 2023–2030
(USD MILLION) 66
9.3.8.3 REST OF EUROPE: WEB 3.0 BLOCKCHAIN MARKET REVENUE, BY VERTICAL, 2023–2030
(USD MILLION) 66
Continued...
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