Fatpos Global has released a report titled “Web 3.0 Market - Analysis of Market Size, Share Trends for 2021 – 2022 and Forecasts to 2032” which is anticipated to reach USD 179.09 billion by 2032. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 44.9% between 2022 and 2032. According to the market research study, high transparency with Web 3.0 blockchain technology, advancements in technology, and ongoing research and development activities will fuel the growth of Web 3.0 market

The market research study on Web 3.0 Market includes in-depth insights such as:

• Web 3.0 market in North America held the largest market share in the year 2021.
• Web 3.0 market is classified on the basis of type into Ubiquity, Semantic Web, Artificial Intelligence (AI), 3D Graphics, and Others.
• Web 3.0 market is classified on the basis of organization size into Small and Medium-Sized Enterprises, and Large Enterprises.
• Web 3.0 market is classified on the basis of application into Cryptocurrency, Conversational Al, Data and Transaction Storage, Payments, Smart Contract, and Others.
• Web 3.0 market is classified on the basis of vertical into BFSI, E-commerce Retail, Media Entertainment, Healthcare Pharmaceuticals, IT Telecom, and Others.
• Research Development activities will contribute in the growth of the market.

“Web 3.0 market will be driven by the growing adoption of 5g and 6g technologies along with the integration of blockchain and IoT devices. Web 3.0 will revolutionize internet technology as it will allow highly transparent operations and will provide individual control over their personal data which will destroy the monopoly of digital corporations. ”, said a lead analyst at Fatpos Global.

Web 3.0 refers to the third generation of the evolution of World Wide Web, which is focused on creating a completely decentralized ecosystem. The technology will make full use of artificial intelligent and machine learning and it is based on blockchain technology. Web 3.0 will provide users better control over their personal data with the features such as permissionless systems and decentralization. It can be applied in cryptocurrency, smart contract, conversational AI, payments, and data and transaction storage. Web 3.0 will be widely used in BFSI, media and entertainment, IT and telecom, e-commerce and retail, and healthcare and pharmaceuticals.  

Web 3.0 market is classified on the basis of type into Ubiquity, Semantic Web, Artificial Intelligence (AI), 3D Graphics, and Others. Artificial Intelligence (AI) segment is expected to grow with the highest CAGR during the forecast period. Integration of Artificial Intelligence will offer enhancement in users experience via more relevant content recommendations and improvising human-machine interactions. 3D Graphics segment to hold a significant share in the market during the forecast period owing to its utilization in various industry verticals.

Key Players in the Market

Some of the key players operating in the Web 3.0 Market are Polkadot, Helium Systems Inc., Ocean Protocol Foundation Ltd., Decentraland, Alchemy Insights, Inc., Antier Solutions, Flux, Filecoin, Kadena, Coinbase, Ripple, Highstreet, Binance, Web3 Foundation, Polygon and Other Prominent Players.

Get Valuable Insights into Web 3.0 Market

In the latest market study conducted by Fatpos Global thrives to present an unbiased analysis of the Web 3.0 Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2022-2032. The study includes compelling insights into growth that is witnessed in the market. Web 3.0 market is classified on the basis of type into Ubiquity, Semantic Web, Artificial Intelligence (AI), 3D Graphics, and Others. Web 3.0 market is classified on the basis of organization size into Small and Medium-Sized Enterprises, and Large Enterprises. Web 3.0 market is classified on the basis of application into Cryptocurrency, Conversational Al, Data and Transaction Storage, Payments, Smart Contract, and Others. Web 3.0 market is classified on the basis of vertical into BFSI, E-commerce Retail, Media Entertainment, Healthcare Pharmaceuticals, IT Telecom, and Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa.