Web 3 Technology Market Share, Needs & Growth Analysis Report by Organization (Small Organization, Large Organization), by End Use (Aerospace & Defense, Healthcare & Pharma, Media & Entertainment, E-Commerce & Retail, BFSI, IT & Telecom), by region and segment forecasts 2030
Dallas, Texas, Oct. 21, 2022 (GLOBE NEWSWIRE) — The global Web 3 Technology Market enables users to have easier browsing and more successful data evaluation. Web 3 is more dynamic and easier to use than previous iterations. To create the regulatory framework needed to launch the Web 3 market, leading government agencies are launching digitization initiatives. The Web 3, also known as the decentralized web, uses machine learning (ML), decentralized ledger technology (DLT) and big data. Going forward, market revenue growth is expected to be supported by growing consumer demand for and use of Non-Fungible Tokens (NFTs) along with digital goods, virtual currencies, and other blockchain entities.
For example, Reddit is pushing Web 3 technology by creating a system that allows the use of cryptocurrency tokens, allowing users to own a portion of the online communities they participate in. Users will benefit by receiving prizes in the form of community points, which they can purchase by publishing posts on a specific sub-reddit. Users who have made large contributions can use these points as voting shares, giving them a bigger voice in community decisions.
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However, challenges with older hardware, software and technology, as well as increased accessibility and usage by more sophisticated devices, could thwart the transition to Web 3. Web 1 sites will appear much older than those of its current successor, laws will be complicated, and decentralization can make Web 3 more difficult to manage and govern.
This report focuses on the top players in the global Web 3 Technology Market:
– Antier solutions
– Ocean Protocol Foundation
– Helium systems
– Main road
– Coin base
The next stage or iteration in the development of the Web and the Internet is called Web 3. Decentralization, transparency, and increased user value are the core principles of Web 3. Because of its remarkable property of decentralization, it is the ideal foundation for Web 3. Blockchain has had a tremendous impact on the development of this technology. Artificial intelligence (AI), machine learning (ML) and blockchain technology are the three main pillars of Web 3. Web 3 places great emphasis on the security and privacy of personal data and allows users to store data in a decentralized manner.
Web 3 Technology Market by Product
Web 3 Technology Market by Application
Data Storage and Transaction
Web 3 Technology Market by End Use
Aerospace and Defense
health and pharmacy
media and entertainment
Ecommerce and Retail
IT and Telecom
Web 3 Technology Market by Organization
The global Web 3 technology market size reached US$3.3 billion and is expected to reach US$82.72 billion in 2030 at a CAGR of 41.65% during the forecast period.
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During the projected period, the revenue in the artificial intelligence market is expected to grow rapidly. Data can be read and decoded by Web 3 devices, and the development of intelligent machines will undoubtedly bring a number of advantages and benefits in the future. Similar opportunities exist in Web 2.0, but because it’s largely human-based, it facilitates dishonest acts like manipulated ratings and biased reviews, among other things. Al also knows the difference between real and fake, which is a significant advantage for a number of factors.
With a global revenue share of more than 37.0% in 2021, North America dominated the market. The increasing use of Web 3 across many operating systems, including blockchain-based systems, is a key element driving the expansion of the regional market. Additionally, the presence of major blockchain solution providers in the region, such as Web3 Foundation and Helium Systems Inc., underscores regional progress.
Main topics covered:
2. Research methodology
3. Market Outlook
4. Global Web-3 Technology Market by Product Type, 2021-2030 (Billion USD)
5. Global Web 3 Technology Market, by Application Type, 2021-2030 (Billion USD)
6. Global Web 3 Technology Market by End User Overview, 2021-2030 (Billion USD)
7. Global Web 3 Technology Market by Organization Type, Overview, 2021-2030 (Billion USD)
8. Global Web 3 Technology Market by Region 2019-2029 (Billion USD)
o North America
rest of Europe
o Asia Pacific
Rest of Asia Pacific
o South America
Rest of South America
o Middle East and Africa
9. Competitive Landscape
10. Company Profiles
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