Global Web 3.0 Blockchain Market Competition Forecasts and Opportunities for 2027 – Digital Resources, Growing Popularity of Cryptocurrency and Rollout of 5G and 6G Technology Creating High Demand

Global Web 3.0 Blockchain Market Competition Forecasts and Opportunities for 2027 – Digital Resources, Growing Popularity of Cryptocurrency and Rollout of 5G and 6G Technology Creating High Demand

Dublin, May 20, 2022– (Business Wire) – “Global Web 3.0 Blockchain Market, Blockchain Types (Public, Private, Consortium and Hybrid), by Application, by Vertical, by Agency Size, by Region, Competition Forecast and Opportunity, 2017-2027” Report Added Of ResearchAndMarkets.com Proposal

The Global Web 3.0 blockchain market is expected to grow at a strong rate during the forecast period. Market growth can be attributed to the continuous evolution of technology and shifting data ownership towards users. Web 3.0 blockchain, also known as decentralized web, is the third Internet generation to use decentralized laser technology (DLT), machine learning (ML) and big data.

Web 3.0 Blockchain provides users with an enhanced browsing experience and enables them to analyze data more efficiently. Web 3.0 is more user-friendly and interactive than previous versions. Leading government authorities are launching digital transformation initiatives to provide a regulatory framework to support the growth of the Web 3.0 blockchain.

The increase in companies’ investment in data security concerns and the expansion of Web 3.0 blockchain applications is expected to drive growth in the global Web 3.0 market. Rapid urbanization, globalization and digitization enable users to use advanced technology and live a quality life. Blockchain technology provides systems with human-like intelligence and advanced data connectivity. Therefore, companies are adopting the Web 3.0 blockchain to improve data security and privacy, which is expected to expand the global Web 3.0 blockchain market.

The rapid popularity of digital resources and cryptocurrencies and the rollout of 5G and 6G technologies are also creating demand for Web 3.0 blockchain technology. Moreover, the growing adoption of connected devices and the removal of transaction dependencies and permissions from central authorities is driving the growth of the global Web 3.0 blockchain market.

The Global Web 3.0 blockchain market is divided by blockchain type, application, vertical, organization size, company, and regional distribution. Based on the type of blockchain, the market is divided into public, private, consortium and hybrid. Public blockchain technology is expected to dominate the global Web 3.0 blockchain market because of the growing demand for it compared to its competitors. Based on the size of the organization, the market is divided into small and medium enterprises and large enterprises.

Large enterprise segments are expected to have the largest share of the global Web 3.0 blockchain market as they invest heavily in technological upgrades to stay ahead of the market.

Major players operating in the Global Web 3.0 market are Polkadot (Web3 Foundation), Helium Systems Inc., Ocean Protocol Foundation Ltd., Decentraland, Flux, Filecoin, Kadena, ZCash, etc.

Years considered for this report:

Study Objective:

  • To analyze the historic growth of the market size of the Global Web 30 blockchain market from 2017 to 2021

  • Global Web 30 blockchain market market size estimates and forecasts from 2022E to 2027F and growth rate up to 2027F

  • Classify and forecast the Global Web 30 blockchain market based on blockchain type, application, vertical, organization size, region, and competitive landscape.

  • To identify dominant areas or segments in the Global Web 30 blockchain market

  • To identify drivers and challenges for the Global Web 30 blockchain market

  • To examine the competitive developments in the Global Web 30 blockchain market such as expansion, new services, mergers and acquisitions.

  • To identify and analyze the profiles of leading players operating in the Global Web 30 blockchain market

  • To identify key sustainable strategies adopted by market players in the Global Web 30 blockchain market

Report scope:

In the report, the Global Web 3.0 blockchain market is divided into the following categories, with the following in addition to the industry trends:

Web 3.0 Blockchain Market, by Blockchain Type:

  • Public

  • Private

  • Consortium

  • Hybrid

Web 3.0 Blockchain Market, by application:

Web 3.0 Blockchain Market, by Vertical:

Web 3.0 Blockchain Market by Company Size:

Web 3.0 Blockchain Market by Region:

North America

  • United States

  • Canada

  • Mexico

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Singapore

  • Malaysia

  • Europe

  • Germany

  • United Kingdom

  • France

  • Italy

  • Spain

  • Poland

  • Denmark

South America

  • Brazil

  • Argentina

  • Colombia

  • Peru

  • Chile

Middle East and Africa

  • Saudi Arabia

  • South Africa

  • United Arab Emirates

  • Iraq

  • Turkey

Mention the company

See https://www.researchandmarkets.com/r/hcg188 for more information on this report.

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See the source version at businesswire.com: https://www.businesswire.com/news/home/20220520005149/en/

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