DUBLIN–(BUSINESS WIRE)–“Europe Web 3.0 Blockchain Market Size, Share & Industry Trends Analysis Report by Application, Blockchain Type, End-use (BFSI, IT & Telecom, Media & Entertainment, Retail & E-commerce, Pharmaceuticals), Country and Growth Forecast , 2022-2028” report has been added ResearchAndMarkets.com’s Offering.
Europe Web 3.0 Blockchain Market should witness a market growth of 38.0% CAGR during the forecast period (2022-2028).
Web 1.0 is the term for the first versions of websites. Before the development of the Domain Name System (DNS), people looked up websites by their IP addresses. For example, instead of putting techtarget.com in the URL line, 206.19.49.102 was required. Websites were simple text, images and link views. Users were unable to edit the data and they lacked interactivity. Web 1.0 was characterized by the use of simple HTML layouts to display text and images. In the early days of the Internet, consumers consumed content rather than created it.
In an era of dial-up computing, pages had to be as compact and lightweight as possible because websites could take minutes to load. Because Web 1.0 existed before cell phones, only desktop computers could access it. The advent of the twenty-first century marked the beginning of the Web 2.0 era. Web 2.0 is defined by interactivity. No longer fixed, the pages are now dynamically generated for the user. As broadband expanded its reach, the size and complexity of web pages increased. Streaming audio and video has grown in popularity.
As the largest economy in Europe, Germany is a major recipient of foreign direct investment (FDI) and has built up a significant stock of FDI over time. Due to its stable legal system, reliable infrastructure, highly skilled workforce, favorable social climate and world-class research, Germany is routinely seen as one of the most desirable investment destinations.
In 2018, the government reduced the threshold for screening investments, so that the authorities can analyze the purchase of at least 10 percent of the voting rights in German businesses that operate or supply services related to essential infrastructure by foreign companies. In addition, the amendment added media companies to the list of sensitive industries. The growing funding and post-trade or transaction is driving the growth of the web 3.0 blockchain market.
The German market dominated the Europe Web 3.0 Blockchain Market by Country in 2021, and would continue to be a dominant market until 2028; thereby attaining a market value of $867.8 million by 2028. The UK market exhibits a CAGR of 36.9% during (2022-2028). Additionally, the French market will experience a CAGR of 39% during (2022-2028).
Based on application, the market is segmented into cryptocurrency, smart contracts, payments, data and transaction storage, conversational AI, and others. Based on Blockchain Type, the market is segmented into Public, Private, Consortium and Hybrid. Based on end use, the market is segmented into BFSI, IT & Telecom, Media & Entertainment, Retail & E-commerce, Pharmaceuticals and others. Based on country, the market is segmented into Germany, UK, France, Russia, Spain, Italy and Rest of Europe.
Scope of the study
Upon application
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Cryptocurrency
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Smart contracts
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Payments
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Data and transaction storage
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Conversational AI
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Others
By blockchain type
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Public
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Private
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Consortium
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Hybrid
At end use
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BFSI
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IT and telecom
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Media and entertainment
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Retail and e-commerce
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Medicines
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Others
By country
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Germany
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Great Britain
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France
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Russia
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Spain
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Italy
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The rest of Europe
Important market players
List of companies profiled in the report:
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Web3 Foundation (Polkadot)
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Polygon technology
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Protocol Labs (Filecoin)
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Alchemy Insights, Inc.
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Helium, Inc.
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Ocean Protocol Foundation Ltd.
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Kusama network
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Kadena LLC
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Terraform Labs Pte. Ltd.
Key topics covered:
Chapter 1. Market scope and methodology
Chapter 2. Market overview
Chapter 3. Strategies Implemented in Web 3.0 Blockchain Market
Chapter 4. Europe Web 3.0 Blockchain Market by Application
Chapter 5. Europe Web 3.0 Blockchain Market by Blockchain Type
Chapter 6. Europe Web 3.0 Blockchain Market by End Use
Chapter 7. Europe Web 3.0 Blockchain Market by Country
Chapter 8. Company profiles
For more information on this report visit
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