Lucintel Forecasts Web 3.0 Blockchain Market to Reach $XX Billion by 2028

According to the recent study the web 3.0 blockchain market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 44% to 46% from 2023 to 2028. Growth in this market is primarily driven by growing popularity of digital assets, rising demand for data privacy through the decentralized identity of Web 3.0, and increasing adoption of crypto currency for automatic transactions.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in web 3.0 blockchain market by blockchain type (public, private, consortium, and hybrid), application (cryptocurrency, conversational AI, data & transaction storage, payments, smart contracts, and others), organisation size (small and medium-size enterprises and large enterprises), end use industry (BFSI, E-commerce & retail, media & entertainment, healthcare & pharmaceuticals, IT & telecom, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)

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“Public market is expected to remain the largest segment during the forecast period.”

Based on blockchain type, the web 3.0 blockchain market is segmented into public, private, consortium, and hybrid. Lucintel forecasts that the public market is expected to remain the largest segment due to its offerings like high security, an open environment, total transparency, decentralization, and better distribution.

“Within the web 3.0 blockchain market, the BFSI segment is expected to remain the largest end use industry”

Based on end use industry the BFSI segment is expected to witness the highest growth over the forecast period due to the growing adoption of faster financial communications, increasing need to maintain decentralised data, and rising demand for lower processing costs.

“North America will dominate the web 3.0 blockchain market in near future”

North America will remain the largest region due to the rising adoption of Web 3.0 in various operating systems, presence of major blockchain solution providers, and growing significant R&D investments in expanding online platforms in the region.

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Major players of web 3.0 blockchain market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Web3 Foundation, Helium Systems, Ocean Protocol Foundation, Zel Technologies, Kusama, Livepeer, and Filecoin are among the major web 3.0 blockchain providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or [email protected]

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