What are the recent trends in market size and growth for the web 3.0 market?
The web 3.0 market size has grown exponentially in recent years. It will grow from $4.43 billion in 2024 to $6.15 billion in 2025 at a compound annual growth rate (CAGR) of 38.9%. The growth in the historic period can be attributed to data ownership and privacy concerns, interoperability, smart contracts, user-centric experience, blockchain and cryptocurrency adoption, evolution of the internet of things (IoT) and smart devices.
The web 3.0 market size is expected to see exponential growth in the next few years. It will grow to $22.57 billion in 2029 at a compound annual growth rate (CAGR) of 38.4%. The growth in the forecast period can be attributed to mass adoption, scalability solutions, integration with traditional systems, token economy development, regulatory landscape, rising need for decentralized technology and applications. Major trends in the forecast period include technological advancements, developer innovation, cross-chain collaboration, edge computing and improved speed, tokenization and crypto economics.
Get Your Free Sample of The Global Web 3.0 Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13956&type=smp
How have varous drivers impacted the growth of the web 3.0 market?
The evolution of the Internet of Things (IoT) and smart devices is expected to propel the growth of the Web 3.0 market going forward. The Internet of Things (IoT) refers to a network of interconnected physical devices, while smart devices, on the other hand, are individual objects or systems that are enhanced with computing and communication capabilities. The integration of IoT and smart devices using Web 3.0 enhances connectivity, data utilization, automation, and user experiences, contributing to a more intelligent, decentralized, and responsive web environment. For instance, in August 2022, according to Akamai Technologies Inc., a US-based internet company, IoT connections are expected to increase from 15.1 billion in 2021 to 23.3 billion in 2025. Further, in March 2023, according to a report published by Cybercrew, a UK-based developing and providing cybersecurity solutions for businesses of all sizes, the percentage of UK households using smartphones reached 91.43% in 2021, and this percentage is projected to increase to 93.8% in 2026. The evolution of the Internet of Things (IoT) and smart devices is driving the growth of the Web 3.0 market.
What are the primary segments of the web 3.0 market?
The web 3.0 market covered in this report is segmented –
1) By Type: Public, Consortium, Private, Hybrid
2) By Application: Cryptocurrency, Smart Contracts, Conversational AI, Payments, Data And Transaction Storage, Other Applications
3) By End-Use: Banking Financial Services And Insurance, IT And Telecom, Retail And E-commerce, Pharmaceuticals, Media And Entertainment, Other End User
Subsegments:
1) By Public Blockchain: Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), Decentralized Applications (dApps)
2) By Consortium Blockchain: Supply Chain Management Solutions, Cross-Industry Blockchain Platforms, Multi-Party Data Sharing
3) By Private Blockchain: Enterprise Data Security Solutions, Internal Blockchain Applications, Confidential Business Processes
4) By Hybrid Blockchain: Semi-Public Blockchains, Interoperable Network Solutions, Cross-Platform Identity Verification
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/web-3-0-global-market-report
Which firms are leading the web 3.0 market?
Major companies operating in the web 3.0 market report are Huawei Services Co. Limited, Amazon Web Services, International Business Machines, NTT Docomo Inc., Oracle Corp., Fijitsu Ltd., Binance Holdings Ltd., Coinbase Global Inc., Ripple Labs Inc., Consensys Inc., Polygon Labs, Alchemy Insights Inc., Sygnum Bank AG, Terra Networks SA, Zel Technologies Limited, Decentraland, Okcoin USA Inc., ChainAnalysis Inc., Ava Labs Inc., Protocol Labs Inc., Ocean Protocol Foundation Ltd., Helium Systems Inc., Yayoi Kusama, Kadena LLC, Crypto.Com
How will industry trends affect the trajectory of the web 3.0 market?
Major companies operating in the Web 3.0 market are focusing on innovative advancements, such as Shardeum, a new Web 3.0 platform, due to the significant growth and potential of the Web 3.0 market. Web 3.0 is the third generation of the World Wide Web. It is characterized by its decentralized, open, and immersive nature, built on top of blockchain technologies and developments in the semantic web. For instance, in February 2022, Wazir X, an India-based Bitcoin and cryptocurrency exchange company, launched a new Web 3.0 platform called Shardeum, which is designed to address scaling issues. This platform is built to leverage the capabilities of Web 3.0, which offers enhanced data security, privacy, and more human-like interaction. One of the key advantages of Web 3.0 technology is that end users can take full ownership of their data. Additionally, these features position Shardeum as a promising Web 3.0 platform, offering solutions to scalability, decentralization, and security challenges while catering to a wide range of use cases and providing a developer-friendly environment.
Which geographic trends are shaping the web 3.0 market, and which region has the highest market share?
North America was the largest region in the web 3.0 market in 2024. The regions covered in the web 3.0 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Web 3.0 Market Report 2025 Offer?
The web 3.0 market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Web 3.0 refers to the next generation of the World Wide Web and is often associated with the evolution of the Internet. It represents a vision for a more intelligent, decentralized, and user-centric web experience. It brings forth a range of potential benefits that could reshape the digital landscape.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13956
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
