By blockchain type, by application, by organization size, by vertical, region and forecasts – InsuranceNewsNet

Market growth – with a CAGR of 43.7%, market trends – Increasing demand from the banking, finance and insurance sectors

VANCOUVER, BC, CANADA, July 19, 2022 /EINPresswire.com/ – Global Web 3.0 market size reached USD 3.2 billion in 2021 and is expected to register an income CAGR of 43.7% during the forecast period, according to the latest analysis of Emergen Research. The emergence of 5G and 6G networks along with blockchain technologies and the launch of new Web 3.0 dApps and Web3 wallets is an important factor expected to drive market revenue growth between 2021 and 2030. Web 3.0 is powered by Machine Learning (ML) and Artificial Intelligence ( AI)), which allows computers to analyze large amounts of data and helps distribute content based on a user’s specific needs. Web 3.0 apps are built on decentralized networks of multiple peer-to-peer servers, blockchains or hybrid of the two, where developers are rewarded for delivering high quality services, thus establishing a stable and secure decentralized network.

The study on the global Web 3.0 market is the latest report covering the impact assessment of the ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disturbances in the global supply chains and indirectly by inducing economic difficulties. The Web 3.0 market has witnessed dynamic changes in trends and requirements due to the ongoing COVID-19 pandemic. The report provides a detailed overview of how the pandemic has affected the key segments of the Web 3.0 industry. The report includes an in-depth impact assessment of the COVID-19 pandemic on the general Web 3.0 industry.

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Some important highlights from the report
Revenue from the Artificial Intelligence segment is expected to record a rapid pace during the forecast period. Web 3.0 machines can read and decipher data, and creating intelligent machines will surely offer many benefits and advantages in the future. Web 2.0 has similar features, but is primarily human-based, allowing corrupt behaviors such as rigged reviews, biased reviews and others. In addition, Al distinguishes between real and fake, which is a great advantage for various reasons.

The cryptocurrency segment is expected to record the fastest revenue growth in the forecast period. Web 3.0 is the latest version of public blockchain, which is a journaling system for cryptocurrency transactions. Web 3.0 protocols are mainly dependent on cryptocurrencies. Users can also use financial incentives, rewards and points to help create, manage, contribute or improve projects.

Market inn Asia Pacific is expected to record the fastest revenue growth during the forecast period due to consistently high demand for Web 3.0 systems from various end-use sectors such as BSFI, e-commerce and retail, healthcare and pharmaceuticals and others.

On December 17, 2021, The government of Telangana, IndiaCoinSwitch Cubes and Lumos Labs announced the launch of India Blockchain Accelerator to support blockchain entrepreneurs. As part of the accelerator, selected blockchain entrepreneurs will be able to secure government accreditation, go-to-market support, support and mentorship. Selected participants will also have an opportunity to raise pre-seed and seed investments USD 700,000 or more from investment partners Speed ​​of light and WoodstockFund.

Leading companies in the Web 3.0 industry and profiled in the report are:

Web3 FoundationHelium, Ocean Protocol Foundation Ltd.Decentraland, Binance, Alchemy Insights, Inc.Crypto.com, Coin baseRipple and Highstreet

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Furthermore, the report divides the Web 3.0 market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also provides forecasts for the segments that are expected to show significant growth during the estimated timeline.

Emergen Research has segmented the global Web 3.0 market based on type, blockchain type, organization size, application, vertical and region:

Type of Outlook (revenue, billion USD; 2019–2030)
Presence everywhere

Semantic web

Artificial Intelligence (AI)

3D graphics

Second

Blockchain Type Outlook (revenue, USD billion; 2019–2030)
Public

Private

Consortium

Hybrid

Second

Organization size (revenue, USD billion; 2019–2030)
Small and medium-sized businesses

Large companies

Application prospects (revenue, USD billion; 2019–2030)
Cryptocurrency

Conversation Al

Data and transaction storage

Payments

Smart contract

Second

Vertical Outlook (revenue, billions of dollars; 2019-2030)
BFSI

E-commerce and retail

Media and entertainment

Health and medicines

IT and telecom

Second

Regional analysis:

The report sheds light on the region that is expected to dominate the Web 3.0 market in the coming years. The report estimates the market size in terms of volume and value and provides an accurate estimate of the market share each region is expected to have during the forecast period. The report analyzes the spread of the Web 3.0 market in key geographies covering North America, Latin America, Europe, Asia Pacificand Middle East & Africa. The regional analysis provides an idea of ​​production and consumption patterns, imports / exports, supply and demand conditions, income contributions, market share and size, and the presence of prominent players in each region.

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The report covers important points in the market, including standards, regulations and policy changes used by the industry authorities for the coming years. The report includes thorough research conducted using advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to find growth trends and patterns. Factors that are likely to affect market growth, current trends, opportunities, limiting factors and business landscape are discussed in depth in the market study.

Important points of Web 3.0 Market:

Comprehensive coverage of the analysis of the Web 3.0 market

Key insights into the regional spread of the industry in key geographies

Radical insight into the important market trends; both current and new trends, and factors affecting market growth

Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Web 3.0 market

Complete data on the most important manufacturers and suppliers in the Web 3.0 market

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Thank you for reading our report. Customization of this report is available in chapter or regional sections. Feel free to contact us to know more about the report, and our team will provide excellent help.

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About Emergen Research

Emergen Research is a market research and consulting company that offers syndicated research reports, customized research reports and consulting services. Our solutions focus solely on your purpose for locating, targeting and analyzing changes in consumer behavior across demographics, across industries, and helping customers make smarter business decisions. We offer market intelligence studies that ensure relevant and fact-based research across several industries, including healthcare, touch points, chemicals, types and energy. We consistently update our research offerings to ensure that our customers are aware of the latest trends in the market. Emergen Research has a strong base of experienced analysts from various areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems gives our customers the opportunity to secure an edge over their respective competitors.

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Web 3.0 Market size worth USD 81.5 billion in 2030