Web 3.0 Market Size To Rake USD 65.78 Bn By 2032

The global web 3.0 market size was valued at USD 2.18 billion in 2023 and is projected to reach around USD 65.78 billion by 2032, expanding at a CAGR of 46% from 2023 to 2032.

The Web 3.0 market represents the next evolution of the internet, characterized by decentralized and interconnected digital ecosystems. Unlike its predecessors, Web 3.0 emphasizes a more user-centric and trustless approach, leveraging technologies like blockchain and distributed ledger technology. This new paradigm aims to redefine online interactions, data ownership, and the way information is processed and shared.

Key Takeaways

• North America contributed more than 35% of revenue share in 2022.
• Asia Pacific is estimated to witness the fastest CAGR between 2023 and 2032.
• By protocol layer, the privacy & security protocol segment holds the largest share of the market.
• By application layer, the decentralized autonomous organization (DAOs) segment holds the largest share of the market.
• By vertical, the BFSI segment holds the dominating share of web 3.0 market.

The market research report on the Web 3.0 market provides a comprehensive analysis of various key aspects. It includes the definition, classification, and application of Web 3.0 products. The report examines the development trends, competitive landscape, and industrial chain structure within the industry. Furthermore, it presents an overview of the industry, analyzes national policies and planning, and offers insights into the latest market dynamics and opportunities at a global level.

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Growth Factors

Several key factors contribute to the growth of the Web 3.0 market. The increasing demand for enhanced data security and privacy, coupled with the rising popularity of decentralized applications (DApps), is driving the adoption of Web 3.0 technologies. Additionally, the potential for improved efficiency and transparency in various industries, such as finance, healthcare, and supply chain, fuels the growth of this transformative digital landscape.

Region Snapshot

The Web 3.0 market exhibits a global presence, with various regions actively participating in its development. Technologically advanced regions like North America and Europe are at the forefront, hosting numerous startups and initiatives. However, emerging economies in Asia-Pacific also play a pivotal role, as they embrace Web 3.0 to address socio-economic challenges and leapfrog traditional infrastructure constraints.

Web 3.0 Market Scope

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Reasons to Purchase this Report:

• Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
• In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
• Market size in USD million and volume in million units provided for each segment and sub-segment.
• Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
• Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.

Recent Developments

• In August 2023, with its announcement that it is now an official AWS Activate Provider, Animoca Brands, the company that advances digital rights to property for gaming and the open metaverse, is now able to provide its portfolio companies with the resources, content, tools, and expert support they need to build on AWS and expedite the creation of Web3 products and services. Also, to assist with growth on AWS, firms in Animoca Brands’ portfolio will have the direct opportunity to apply for up to US$25,000 in AWS Activate credits.
• In June 2023, the world’s most thrilling water racing, SailGP, and Oracle are set to extend their agreement through the end of 2026, building on the success of their first three seasons together. Season 4 will see the league make greater use of Oracle Cloud. According to the terms of the new deal, SailGP will use Oracle Customer Experience (CX) technology to operate The Dock powered by Oracle Fusion Applications. The Dock is based on NEAR protocol, the league’s blockchain technology collaborator. The Dock is going to change the way SailGP spectators follow the race.

Web 3.0 Market Companies

• MakerDAO
• Chainlink
• Web3 Foundation
• HighStreet
• Decentraland
• DAOstack (Israel)
• Kadena LLC (US)
• Sapien (US)
• Ocean Protocol Foundation
• Helium Foundation
• KUSAMA
• Crypto.com
• Biconomy
• Consensys
• Gemini
• AWS
• Storj (US
• Brave (US)
• IBM
• NTT DOCOMO
• Chainanlysis
• Ripple Labs
• Ava Labs
• Pinata
• Covalent
• Polygon Technology
• Alchemy Insights
• Oracle
• Coinbase
• Fujitsu
• Huawei Cloud
• Binance
• PARFIN

Segments Covered in the Report

By Technology Stack

• Layer 0 – Infrastructure
• Layer 1 – Protocol
• Layer 2 – Utility
• Layer 3 – Service
• Layer 4 – Application

By Infrastructure Layer

• Data Storage & Processing
• Computing
• Networking
• Virtualization
• Others

By Protocol Layer

• Blockchain Protocol
• Consensus Algorithm
• Messaging & Communication Protocols
• Privacy & Security Protocols
• Others

By Utility Layer

• Decentralized Exchange (DEXs)
• Cryptocurrency
• Content Delivery Networks
• Others

By Service Layer

• Identify & Access Management Services
• Distributed Edge Cloud Services (DCES)
• Web 3.0 Browsers & Wallets
• Non- Fungible Tokens (NFTs)
• Decentralized Messaging & Communication Services
• Others

By Application Layer

• Decentralized Autonomous Organization (DAOs)
• Decentralized Finance (DeFi)
• Decentralized Social Media
• Decentralized Application (DApps)
• Smart Contracts
• Others

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Web 3.0 Market 

5.1. COVID-19 Landscape: Web 3.0 Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Web 3.0 Market, By Technology Stack

8.1. Web 3.0 Market, by Technology Stack, 2023-2032

8.1.1. Layer 0 – Infrastructure

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Layer 1 – Protocol

8.1.2.1. Market Revenue and Forecast (2020-2032)

8.1.3. Layer 2 – Utility

8.1.3.1. Market Revenue and Forecast (2020-2032)

8.1.4. Layer 3 – Service

8.1.4.1. Market Revenue and Forecast (2020-2032)

8.1.5. Layer 4 – Application

8.1.5.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Web 3.0 Market, By Infrastructure Layer

9.1. Web 3.0 Market, by Infrastructure Layer, 2023-2032

9.1.1. Data Storage & Processing

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Computing

9.1.2.1. Market Revenue and Forecast (2020-2032)

9.1.3. Networking

9.1.3.1. Market Revenue and Forecast (2020-2032)

9.1.4. Virtualization

9.1.4.1. Market Revenue and Forecast (2020-2032)

9.1.5. Others

9.1.5.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Web 3.0 Market, By Protocol Layer

10.1. Web 3.0 Market, by Protocol Layer, 2023-2032

10.1.1. Blockchain Protocol

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. Consensus Algorithm

10.1.2.1. Market Revenue and Forecast (2020-2032)

10.1.3. Messaging & Communication Protocols

10.1.3.1. Market Revenue and Forecast (2020-2032)

10.1.4. Privacy & Security Protocols

10.1.4.1. Market Revenue and Forecast (2020-2032)

10.1.5. Others

10.1.5.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global Web 3.0 Market, By Utility Layer

11.1. Web 3.0 Market, by Utility Layer, 2023-2032

11.1.1. Decentralized Exchange (DEXs)

11.1.1.1. Market Revenue and Forecast (2020-2032)

11.1.2. Cryptocurrency

11.1.2.1. Market Revenue and Forecast (2020-2032)

11.1.3. Content Delivery Networks

11.1.3.1. Market Revenue and Forecast (2020-2032)

11.1.4. Others

11.1.4.1. Market Revenue and Forecast (2020-2032)

Chapter 12. Global Web 3.0 Market, By Service Layer

12.1. Web 3.0 Market, by Service Layer, 2023-2032

12.1.1. Identify & Access Management Services

12.1.1.1. Market Revenue and Forecast (2020-2032)

12.1.2. Distributed Edge Cloud Services (DCES)

12.1.2.1. Market Revenue and Forecast (2020-2032)

12.1.3. Web 3.0 Browsers & Wallets

12.1.3.1. Market Revenue and Forecast (2020-2032)

12.1.4. Non- Fungible Tokens (NFTs)

12.1.4.1. Market Revenue and Forecast (2020-2032)

12.1.5. Decentralized Messaging & Communication Services

12.1.5.1. Market Revenue and Forecast (2020-2032)

12.1.6. Others

12.1.6.1. Market Revenue and Forecast (2020-2032)

Chapter 13. Global Web 3.0 Market, By Application Layer

13.1. Web 3.0 Market, by Application Layer, 2023-2032

13.1.1. Decentralized Autonomous Organization (DAOs)

13.1.1.1. Market Revenue and Forecast (2020-2032)

13.1.2. Decentralized Finance (DeFi)

13.1.2.1. Market Revenue and Forecast (2020-2032)

13.1.3. Decentralized Social Media

13.1.3.1. Market Revenue and Forecast (2020-2032)

13.1.4. Decentralized Application (DApps)

13.1.4.1. Market Revenue and Forecast (2020-2032)

13.1.5. Smart Contracts

13.1.5.1. Market Revenue and Forecast (2020-2032)

13.1.6. Others

13.1.6.1. Market Revenue and Forecast (2020-2032)

Chapter 14. Global Web 3.0 Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.1.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.1.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.1.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.1.5. Market Revenue and Forecast, by Service Layer (2020-2032)

14.1.6. Market Revenue and Forecast, by Application Layer (2020-2032)

14.1.7. U.S.

14.1.7.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.1.7.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.1.7.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.1.7.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.1.8. Market Revenue and Forecast, by Service Layer (2020-2032)

14.1.8.1. Market Revenue and Forecast, by Application Layer (2020-2032)

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.1.9.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.1.9.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.1.9.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.1.10. Market Revenue and Forecast, by Service Layer (2020-2032)

14.1.11. Market Revenue and Forecast, by Application Layer (2020-2032)

14.1.11.1.

14.2. Europe

14.2.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.2.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.2.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.2.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.2.5. Market Revenue and Forecast, by Service Layer (2020-2032)

14.2.6. Market Revenue and Forecast, by Application Layer (2020-2032)

14.2.7.

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.2.8.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.2.8.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.2.9. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.2.10. Market Revenue and Forecast, by Service Layer (2020-2032)

14.2.10.1. Market Revenue and Forecast, by Application Layer (2020-2032)

14.2.11. Germany

14.2.11.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.2.11.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.2.11.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.2.12. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.2.13. Market Revenue and Forecast, by Service Layer (2020-2032)

14.2.14. Market Revenue and Forecast, by Application Layer (2020-2032)

14.2.14.1.

14.2.15. France

14.2.15.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.2.15.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.2.15.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.2.15.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.2.16. Market Revenue and Forecast, by Service Layer (2020-2032)

14.2.16.1. Market Revenue and Forecast, by Application Layer (2020-2032)

14.2.17. Rest of Europe

14.2.17.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.2.17.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.2.17.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.2.17.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.2.18. Market Revenue and Forecast, by Service Layer (2020-2032)

14.2.18.1. Market Revenue and Forecast, by Application Layer (2020-2032)

14.3. APAC

14.3.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.3.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.3.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.3.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.3.5. Market Revenue and Forecast, by Service Layer (2020-2032)

14.3.6. Market Revenue and Forecast, by Application Layer (2020-2032)

14.3.7. India

14.3.7.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.3.7.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.3.7.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.3.7.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.3.8. Market Revenue and Forecast, by Service Layer (2020-2032)

14.3.9. Market Revenue and Forecast, by Application Layer (2020-2032)

14.3.10. China

14.3.10.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.3.10.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.3.10.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.3.10.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.3.11. Market Revenue and Forecast, by Service Layer (2020-2032)

14.3.11.1. Market Revenue and Forecast, by Application Layer (2020-2032)

14.3.12. Japan

14.3.12.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.3.12.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.3.12.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.3.12.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.3.12.5. Market Revenue and Forecast, by Service Layer (2020-2032)

14.3.12.6. Market Revenue and Forecast, by Application Layer (2020-2032)

14.3.13. Rest of APAC

14.3.13.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.3.13.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.3.13.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.3.13.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.3.13.5. Market Revenue and Forecast, by Service Layer (2020-2032)

14.3.13.6. Market Revenue and Forecast, by Application Layer (2020-2032)

14.4. MEA

14.4.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.4.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.4.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.4.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.4.5. Market Revenue and Forecast, by Service Layer (2020-2032)

14.4.6. Market Revenue and Forecast, by Application Layer (2020-2032)

14.4.7. GCC

14.4.7.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.4.7.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.4.7.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.4.7.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.4.8. Market Revenue and Forecast, by Service Layer (2020-2032)

14.4.9. Market Revenue and Forecast, by Application Layer (2020-2032)

14.4.10. North Africa

14.4.10.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.4.10.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.4.10.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.4.10.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.4.11. Market Revenue and Forecast, by Service Layer (2020-2032)

14.4.12. Market Revenue and Forecast, by Application Layer (2020-2032)

14.4.13. South Africa

14.4.13.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.4.13.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.4.13.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.4.13.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.4.13.5. Market Revenue and Forecast, by Service Layer (2020-2032)

14.4.13.6. Market Revenue and Forecast, by Application Layer (2020-2032)

14.4.14. Rest of MEA

14.4.14.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.4.14.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.4.14.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.4.14.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.4.14.5. Market Revenue and Forecast, by Service Layer (2020-2032)

14.4.14.6. Market Revenue and Forecast, by Application Layer (2020-2032)

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.5.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.5.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.5.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.5.5. Market Revenue and Forecast, by Service Layer (2020-2032)

14.5.6. Market Revenue and Forecast, by Application Layer (2020-2032)

14.5.7. Brazil

14.5.7.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.5.7.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.5.7.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.5.7.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.5.8. Market Revenue and Forecast, by Service Layer (2020-2032)

14.5.8.1. Market Revenue and Forecast, by Application Layer (2020-2032)

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Technology Stack (2020-2032)

14.5.9.2. Market Revenue and Forecast, by Infrastructure Layer (2020-2032)

14.5.9.3. Market Revenue and Forecast, by Protocol Layer (2020-2032)

14.5.9.4. Market Revenue and Forecast, by Utility Layer (2020-2032)

14.5.9.5. Market Revenue and Forecast, by Service Layer (2020-2032)

14.5.9.6. Market Revenue and Forecast, by Application Layer (2020-2032)

Chapter 15. Company Profiles

15.1. MakerDAO

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. Chainlink

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. Web3 Foundation

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. HighStreet

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Decentraland

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. DAOstack (Israel)

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Kadena LLC (US)

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Sapien (US)

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. Ocean Protocol Foundation

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. Helium Foundation

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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