Analysis of Global Web 3.0 Market Sales, Industry Revenue, And The Competitive Landscape

Global Web 3.0 Market Insights:

According to MarkNtel Advisors, the Global Web 3.0 Market is expected to grow at a CAGR of 50% during the forecast period 2023-2028 and will reach USD 11.33 Billion in 2022. The market is characterized by the decentralized internet ecosystem, paired with blockchain technology that results in increased consumer usefulness and openness

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Global Web 3.0 Market Definition:

Web 3.0 (Web3) is the third generation of the evolution of web technologies. It is basically an idea for a new iteration of the World Wide Web, which integrates concepts such as blockchain technologies, decentralization, and token-based economics. Web3 will enable users to control their own data.

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Global Web 3.0 Market Possible Restraint:

Minimal Familiarity of Users with The Generation of Web: The tech behemoths such as Facebook, Microsoft, Google, and Amazon have witnessed constant criticism in the name of aggressive business practices, unethical AI use, and customer data usage. This escalated concern related to data privacy has brought a paradigm shift in the adoption of web 3.0. However, the minimal familiarity of consumers with this evolving version has restrained the large-scale incorporation of these technologies in recent years. Given the dearth of awareness regarding Web 3.0, higher dependency on Web 2.0 amongst end-users is likely to continue during the forecast period, thereby impeding the market growth.

Global Web 3.0 Market Segmentation:

1. By Type

• Public
• Private
• Consortium
• Hybrid

2. By Application

• Cryptocurrency
• Conversational AI
• Data & Transaction Storage
• Payments
• Smart Contracts
• Others

3. By End User

• BFSI
• Retail & E-Commerce
• Media & Entertainment
• Healthcare
• IT & Telecom
• Hospitality
• Government & Transportation
• Others

Global Web 3.0 Market Geographically Analysis:

4. By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Global Web 3.0 Leading Companies:

• Ripple Labs Inc.
• ConsenSys
• Coinbase
• Binance
• Kraken
• BlockFi
• Sciencesoft
• iTechArt
• Appinventiv
• Leeway Hetz
• Terra
• Chorus One
• Synthetix
• com
• Filecoin
• Others

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