Web 3.0 Blockchain Market - Global Industry Size, Share, Trends, Competition, Opportunities

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MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com GLOBAL WEB 3.0 BLOCKCHAIN MARKET FORECAST AND OPPORTUNITIES 2017 – 2027

6.1. Market Size & Forecast

6.1.1. By Value 6.2. Market Share & Forecast

6.2.1. By Blockchain Type (Public, Private, Consortium, Hybrid)

6.2.2. By Application (Cryptocurrency, Conversational AI, Data & Transaction Storage, Payments, Smart Contract, Others)

6.2.3. By Vertical (BFSI, Healthcare & Pharmaceuticals, E-commerce & Retail, Media & Entertainment, IT & Telecom, Others)

6.2.4. By Organization Size (Large Enterprises Small and Medium-Sized Enterprises)

6.2.5. By Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America)

6.2.6. By Company (2021)

6.3. Product Market Map (By Blockchain Type, By Application, By Vertical, By Organization Size, By Region) 7. North America Web 3.0 Blockchain Market Outlook

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3.
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Research Methodology
Executive Summary 4. Impact of COVID-19 on Global Web 3.0 Blockchain Market 5. Voice of Customer 5.1. Brand Awareness 5.2. Factors for Adopting Web 3.0 Blockchain 5.3. Key Satisfaction Level 6. Global Web 3.0 Blockchain Market Outlook
7.1. Market Size & Forecast

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7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Blockchain Type

7.2.2. By Application

7.2.3. By Vertical

7.2.4. By Organization Size

7.2.5. By Country

Contents

7.3. North America Web 3.0 Blockchain Country Analysis

7.3.1. United States Web 3.0 Blockchain Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Blockchain Type

7.3.1.2.2. By Application

7.3.1.2.3. By Vertical

7.3.1.2.4. By Organization Size

7.3.2. Canada Web 3.0 Blockchain Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Blockchain Type

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7.3.2.2.2. By Application

7.3.2.2.3. By Vertical

7.3.2.2.4. By Organization Size

7.3.3. Mexico Web 3.0 Blockchain Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Blockchain Type

7.3.3.2.2. By Application

7.3.3.2.3. By Vertical

7.3.3.2.4. By Organization Size

8. Europe Web 3.0 Blockchain Market Outlook

8.1 Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Blockchain Type

8.2.2. By Application

8.2.3. By Vertical

8.2.4. By Organization Size

8.2.5. By Country

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8.3. Europe Web 3.0 Blockchain Country Analysis

8.3.1. Germany Web 3.0 Blockchain Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Blockchain Type

8.3.1.2.2. By Application 8.3.1.2.3. By Vertical

8.3.1.2.4. By Organization Size

8.3.2. United Kingdom Web 3.0 Blockchain Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Blockchain Type

8.3.2.2.2. By Application

8.3.2.2.3. By Vertical

8.3.2.2.4. By Organization Size

8.3.3. France Web 3.0 Blockchain Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Blockchain Type

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8.3.3.2.2. By Application

8.3.3.2.3. By Vertical

8.3.3.2.4. By Organization Size

8.3.4. Russia Web 3.0 Blockchain Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Blockchain Type

8.3.4.2.2. By Application

8.3.4.2.3. By Vertical

8.3.4.2.4. By Organization Size

8.3.5. Italy Web 3.0 Blockchain Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Blockchain Type

8.3.5.2.2. By Application

8.3.5.2.3. By Vertical

8.3.5.2.4. By Organization Size

8.3.6. Spain Web 3.0 Blockchain Market Outlook

8.3.6.1. Market Size & Forecast

8.3.6.1.1. By Value

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8.3.6.2. Market Share & Forecast

8.3.6.2.1. By Blockchain Type

8.3.6.2.2. By Application

8.3.6.2.3. By Vertical

8.3.6.2.4. By Organization Size

8.3.7. Belgium Web 3.0 Blockchain Market Outlook

8.3.7.1. Market Size & Forecast

8.3.7.1.1. By Value

8.3.7.2. Market Share & Forecast

8.3.7.2.1. By Blockchain Type

8.3.7.2.2. By Application

8.3.7.2.3. By Vertical 8.3.7.2.4. By Organization Size

9. Asia-Pacific Web 3.0 Blockchain Market Outlook

9.1 Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Blockchain Type

9.2.2. By Application

9.2.3. By Vertical 9.2.4. By Organization Size

9.2.5. By Country

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9.3. Asia-Pacific Web 3.0 Blockchain Country Analysis

9.3.1. China Web 3.0 Blockchain Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Blockchain Type

9.3.1.2.2. By Application

9.3.1.2.3. By Vertical

9.3.1.2.4. By Organization Size

9.3.2. Japan Web 3.0 Blockchain Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Blockchain Type

9.3.2.2.2. By Application

9.3.2.2.3. By Vertical

9.3.2.2.4. By Organization Size

9.3.3. South Korea Web 3.0 Blockchain Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Blockchain Type

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9.3.3.2.2. By Application

9.3.3.2.3. By Vertical 9.3.3.2.4. By Organization Size

9.3.4. Australia Web 3.0 Blockchain Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Blockchain Type

9.3.4.2.2. By Application

9.3.4.2.3. By Vertical 9.3.4.2.4. By Organization Size

9.3.5. India Web 3.0 Blockchain Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Blockchain Type

9.3.5.2.2. By Application

9.3.5.2.3. By Vertical 9.3.5.2.4. By Organization Size

9.3.6. Vietnam Web 3.0 Blockchain Market Outlook

9.3.6.1. Market Size & Forecast

9.3.6.1.1. By Value

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9.3.6.2. Market Share & Forecast

9.3.6.2.1. By Blockchain Type

9.3.6.2.2. By Application

9.3.6.2.3. By Vertical

9.3.6.2.4. By Organization Size

9.3.7. Malaysia Web 3.0 Blockchain Market Outlook

9.3.7.1. Market Size & Forecast

9.3.7.1.1. By Value

9.3.7.2. Market Share & Forecast

9.3.7.2.1. By Blockchain Type

9.3.7.2.2. By Application

9.3.7.2.3. By Vertical 9.3.7.2.4. By Organization Size

10. Middle East & Africa Web 3.0 Blockchain Market Outlook

10.1 Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Blockchain Type 10.2.2. By Application 10.2.3. By Vertical 10.2.4. By Organization Size 10.2.5. By Country

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10.3. Middle East & Africa Web 3.0 Blockchain Country Analysis

10.3.1. United Arab Emirates Web 3.0 Blockchain Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Blockchain Type 10.3.1.2.2. By Application 10.3.1.2.3. By Vertical 10.3.1.2.4. By Organization Size

10.3.2. Saudi Arabia Web 3.0 Blockchain Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value 10.3.2.2. Market Share & Forecast 10.3.2.2.1. By Blockchain Type 10.3.2.2.2. By Application 10.3.2.2.3. By Vertical 10.3.2.2.4. By Organization Size

10.3.3. South Africa Web 3.0 Blockchain Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Blockchain Type

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10.3.3.2.2. By Application 10.3.3.2.3. By Vertical 10.3.3.2.4. By Organization Size

10.3.4. Turkey Web 3.0 Blockchain Market Outlook

10.3.4.1. Market Size & Forecast 10.3.4.1.1. By Value 10.3.4.2. Market Share & Forecast 10.3.4.2.1. By Blockchain Type 10.3.4.2.2. By Application 10.3.4.2.3. By Vertical 10.3.4.2.4. By Organization Size

10.3.5. Iraq Web 3.0 Blockchain Market Outlook

10.3.5.1. Market Size & Forecast 10.3.5.1.1. By Value 10.3.5.2. Market Share & Forecast 10.3.5.2.1. By Blockchain Type 10.3.5.2.2. By Application 10.3.5.2.3. By Vertical 10.3.5.2.4. By Organization Size

11. South America Web 3.0 Blockchain Market Outlook

11.1 Market Size & Forecast 11.1.1. By Value

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11.2. Market Share & Forecast

11.2.1. By Blockchain Type 11.2.2. By Application 11.2.3. By Vertical 11.2.4. By Organization Size 11.2.5. By Country

11.3. South America Web 3.0 Blockchain Country Analysis

11.3.1. Brazil Web 3.0 Blockchain Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value 11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Blockchain Type

11.3.1.2.2. By Application 11.3.1.2.3. By Vertical 11.3.1.2.4. By Organization Size

11.3.2. Argentina Web 3.0 Blockchain Market Outlook

11.3.2.1. Market Size & Forecast 11.3.2.1.1. By Value 11.3.2.2. Market Share & Forecast 11.3.2.2.1. By Blockchain Type 11.3.2.2.2. By Application

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11.3.2.2.3. By Vertical

11.3.2.2.4. By Organization Size

11.3.3. Colombia Web 3.0 Blockchain Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Blockchain Type 11.3.3.2.2. By Application

11.3.3.2.3. By Vertical 11.3.3.2.4. By Organization Size

12. Market Dynamics

12.1. Drivers 12.2. Challenges 13. Market Trends and

14. Company Profiles

Developments

14.1. Web3 Foundation (Polkadot)

14.2. Ocean Protocol Foundation Ltd.

14.3. Helium Systems Inc.

14.4. Alchemy Insights, Inc

14.5. Polygon technology 14.6. Decentraland

14.7. Brave Software, Inc.

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15. Strategic Recommendations 16. About Us & Disclaimer
14.1.8. Coinbase Global, Inc. 14.1.9. Kadena LLC 14.1.10. Filecoin

Service Overview

17 © TechSci Research 17 Service Overview Scope of Report: Web 3.0 Blockchain Review Period 2017 – 2020 Base Year 2021 Estimated Year 2022 Forecast Period 2023 – 2027 Year Range GLOBAL WEB 3.0 BLOCKCHAIN MARKET BY BLOCKCHAIN TYPE • Public • Private • Consortium • Hybrid Web 3.0 blockchain is the creation of an improved, decentralized, private, secure, and open internet through the integration of blockchain technology. The three crucial foundations of Web 3.0 are Artificial intelligence (AI), IoT(Internet of things), and blockchain technology. Blockchain technology helps in achieving decentralized data storage and foster faith in the virtual world. Market Segmentation BY APPLICATION • Cryptocurrency • Conversational AI • Data & Transaction Storage • Payments • Smart Contract • Others BY ORGANIZATION SIZE • Large Enterprises • Small and Medium-Sized Enterprises BY VERTICAL • BFSI • Healthcare & Pharmaceuticals • E-commerce & Retail • Media & Entertainment • IT & Telecom • Others BY REGION • North America • Europe • Asia-Pacific • Middle East & Africa • South America

Product Overview

Product of Interest: Web 3.0 Blockchain

• Public: Public blockchains are entirely open to following the idea of decentralization. They don’t have any restrictions, anyone having a computer and internet can participate in the network. The demand for public blockchain is high as it provides cost competitiveness to enterprises.

• Private: A private blockchain is managed by a network administrator and participants need consent to join the network i.e., a private blockchain is a permissioned blockchain. Private blockchains also ensure higher levels of privacy due to which its demand is increasing in Global Web 3.0 Blockchain Market.

• Consortium: A consortium blockchain is a type of semi-decentralized network in which members are not granted to a single entity. Instead, it is granted to a group of individuals. A consortium blockchain is typically faster than a public blockchain, but it is also less decentralized, giving individual participants more control.

• Hybrid: A hybrid blockchain is a combination of private and public blockchains. It enables enterprises, governments, and other organizations to better handle their workflow and improve their systems with better solutions.

BY APPLICATION:

• Cryptocurrency: A cryptocurrency is a form of currency that exists virtually or digitally and uses cryptography to secure transaction. Blockchain is a technology used by many cryptocurrencies such as Ethereum and Bitcoin to operate on. This technology is uniquely identified for securely recording and transferring information.

• Conversational AI: Blockchain technology and Artificial Intelligence (AI) are the two most important technologies that have revolutionized innovation rates across industries. Conversational AI is a group of technologies that allow computers to naturally process, understand, and respond to text or voice inputs.

• Data & Transaction Storage: Transaction storage is a modern technique of maintaining business information that eliminates the need to create new files for every transaction. Blockchain storage is a method of maintaining data in a decentralized network by utilizing users’ unused hard disk space across the globe to store files.

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Product Overview

Product of Interest: Web 3.0 Blockchain

• Payments: Blockchain technology offers fast, secure, low-cost international payment processing services. These transactions use encrypted distributed ledgers that allow trusted real-time verification of transactions without the requirement of intermediaries such as clearinghouses and correspondent banks.

• Smart Contract: Smart contracts are digital contracts stored on blockchains. They are mainly used to automate the execution of an agreement allowing the participants to become certain about the outcomes, avoiding the intermediary’s time loss or involvement.

BY VERTICAL:

• BFSI: BFSI sector uses blockchain technology for various applications to transform the way people exchange values. Blockchain technology records the transaction as blocks and then chains them together to form complete transaction records.

• E commerce & Retail: Blockchain technology in the e-commerce & retail sector extends from cheaper, faster business processes to improved and secured customer experience. The most commonly used blockchain in this sector is Ethereum which offers a platform for e-commerce brands to manage their own blockchains.

• Media & Entertainment: The Ethereum platform allows the media & entertainment sector to achieve benefits such as disintermediated content from industry intermediaries, reducing IP infringement, and direct monetization of all copywritten assets through P2P micropayments and smart contracts.

• Healthcare & Pharmaceuticals: Blockchain technology in healthcare & pharmaceuticals ensures data integrity across multiple parties, achieves new operational efficiency, and reduces counterfeit to gain complete traceability. Blockchain technology helps track the supply chain of pharmaceutical products and resolve disputes that can trigger future steps in supply chain transactions

• IT & Telecom: Smart contracts are digital contracts stored on blockchains. Blockchain is booming as a revolutionary technology helping the telecom sector manage all the existing issues.

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Research Methodology

In-depth secondary research was conducted to determine top companies, overall market size and segmental market size in Global Web 3.0 Blockchain Market.

In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide.

List of leading companies and industry specialists was developed.

TechSci conducted interviews with industry experts and leading companies for data collection and verification.

Data obtained as a result of primary and secondary research was validated through rigorous triangulation.

The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about Global Web 3.0 Blockchain Market.

21 © TechSci Research 21 Research Methodology 
Key Opinion Leaders  Questionnaire Design  In-depth
Data Collectio n Developing List of Respondents
Questionnair e
Profiling Data Validatio n Data Analysis
Identifying
Interviews
Formulating
Market
Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution Primary Research Desk Research Company Analysis  Recent Developments  Market Changing Aspects/Dynamics  Government Policies  Conclusion  Market Participants  Key Strengths  LinkedIn  TechSci Internal Database  LinkedIn  TechSci Internal Database  Factiva  Hoovers  EMIS  Factiva  Hoovers  EMIS Paid Sources Paid Sources  Company Websites  Company Annual Reports  White Paper Study  Financial Reports  Investor Presentations  Regulatory Body  Company Websites  Company Annual Reports  White Paper Study  Financial Reports  Investor Presentations  Regulatory Body Secondary Research Secondary Research Primary Research Primary Research

Research Methodology

Baseline Methodology

Our dedicated team of industry experts has monitored and analysed various aspects of Global Web 3.0 Blockchain Market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increased use of cryptocurrencies, growing demand in media & entertainment, rapid innovation and technology, emerging edge computing etc., with the projected growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in Global Web 3.0 Blockchain Market.

Methodology Followed for Calculation of Market Size:

Market Size by Value: Market size, in terms of value, for the year 2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry experts. The team interviewed more than 20 companies, 50 industry experts, and other value chain stakeholders in Global Web 3.0 Blockchain market to obtain the overall market size during 2017-2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2017-2021.

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Research Methodology

Respondents were asked about the current and future market growth rates, as well as market shares by blockchain type, by application, by vertical, by organization size, by region, and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the component.

Methodology Followed for Calculation of Market Shares:

Market shares by blockchain type, by application, by vertical, by organization size, by region, and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading service providers. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies operating and their competitive structure in Global Web 3.0 Blockchain Market.

Methodology Followed for Forecasting:

TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results.

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Research Methodology

Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast

Global Web 3.0 Blockchain Market, TechSci Research used various forecast techniques such as:

o Moving Average

o Time Series Analysis

o Regression Analysis

o Econometric and Judgmental Analysis

TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium, and long-term period to estimate and analyze market demand scenario.

Partial List of Companies

Interviewed

Web3 Foundation (Polkadot), Ocean Protocol Foundation Ltd., Helium Systems Inc., Alchemy Insights, Inc., Polygon technology, Decentraland, Brave Software, Inc., Coinbase Global, Inc., Kadena LLC, Filecoin, among others.

Partial List of Secondary Sources

Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company Websites, TechSci Research Proprietary Database & Knowledge Repository, American Blockchain and Cryptocurrency Association, European Blockchain Association, Asia Crypto Alliance, Crypto Valley Association, Blockchain Association, among others.

*Note: Sum of some shares may not be 100% due to round off till two decimal places.

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Industry Brief

Increasing demand for data privacy, rapid innovations, and technological advancements of the internet are influencing the Global Web 3.0 Blockchain Market through 2027F.

According to TechSci Research report, “Web 3.0 Blockchain Market –Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027” Global Web 3.0 Blockchain Market stood at USD 3,895.63 Million in 2021 and is projected to grow at a CAGR of 52.78% during the forecast period. Constant up-gradation in technology and implementation and awareness of the Internet of Things are the main reasons why the global Web 3.0 Blockchain Market is going to grow globally. Moreover, factors such as government policies that stop monopoly and efforts made to improve users' privacy, are significant factors in the market's growth. Moreover, rapidly growing urbanization is leading to technological advancements with rising digitalization that has led to more internet users, which in turn is likely to positively impact the Global Web 3.0 Blockchain Market. As a result, Web 3.0 Blockchain is being used by several organizations to improve data security and privacy, which is expected to drive market growth. Cryptocurrencies are the digital payment layer of Web 3.0, enabling instant and cheap transactions. Thus, the increasing use of cryptocurrencies globally is anticipated to positively impact market growth. For instance, in June 2022, a blockchain data firm, Chainanalysis, released the Chainanalysis State of Web 3 report which mentioned that web 3.0 allows faster and more convenient transactions. Additionally, borrowers have to go through a lengthy mortgage application process that relies heavily on human judgment, but Web 3.0 will make this process faster and fairer, which is likely to increase the Global Web 3.0 Blockchain Market.

The Global Web 3.0 Blockchain Market is segmented based on Blockchain Type, Application, Vertical, Organization Size, Region. Based on Blockchain Type, the market is further fragmented into Public, Private, Consortium and Hybrid. Based on Application, the market is segmented into Cryptocurrency, Conversational AI, Data & Transaction Storage, Payments, Smart Contract, and Others (Supply Chain Management, Manufacturing, Pharmaceutical, etc.). Based on Vertical, the market is segmented into BFSI, Healthcare & Pharmaceuticals, E-commerce & Retail, Media & Entertainment, IT & Telecom, and Others (Agriculture, Renewable Energy, Real Estate, etc.). Based on Organizational Size, the market is segmented into Large Enterprises, Small and Medium-Sized Enterprises.

4Hybrid was the fastest growing segment in the Global Web 3.0 Blockchain Market with a CAGR of 55.58% in 2021. This can be attributed to the fact that hybrid combines the benefits of both public & private blockchains which helps in the limiting the disadvantages of both public and private.

In hybrid blockchain, when the speed of private blockchain combines with the security of private blockchain, a large number of transactions are generated by private blockchain which are later verified using the public blockchain while they are easy to handle. Hybrid blockchain also allows real-time data to be uploaded on blockchain. Key market players in the Global Web 3.0 Blockchain market include Polkadot (Web3 Foundation), Ocean Protocol Foundation Ltd., Helium Systems Inc., Alchemy Insights, Inc., Polygon technology, Metaverse Holdings Limited, Brave Software, Inc., Coinbase Global, Inc., Kadena LLC, Protocol Labs, Inc. “Payment has the largest market share in the Global Web 3.0 Blockchain Market with a CAGR of 26.55% in 2021. This can be attributed to the fact that processing of payments is more securable, hassle free without any interference. Artificial Intelligence (AI) & Machine Learning (ML) helps in detecting fraud transactions by using large volumes of digital transaction data. This helps in preventing any fraud by hackers in digital payments in the E-Commerce sector. This enables the processing of large numbers of transactions with low error rates. Moreover, decentralized (DeFi), a component of Web 3.0 carries out financial transactions on the blockchain without any assist from banks or government..” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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26 © TechSci Research 26 Sample Data - Snapshot 4 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Value (USD Million) Global Web 3.0 Blockchain Market Size, By Value (USD Million), 2017-2027F CAGR 2017-2021 By Value: xx% CAGR 2022E-2027F By Value: xx% North America Web 3.0 Blockchain Market Share, By Blockchain Type, By Value, 2017-2027F 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F United States Web 3.0 Blockchain Market Share, By Application, By Value, 2017-2027F
27 © TechSci Research 27 Report Ordering 4 Report Name: GLOBAL WEB 3.0 BLOCKCHAIN MARKET FORECAST AND OPPORTUNITIES 2017 – 2027 To View Sample OR Purchase Report License Type Price Single User License $4900 Multi-User License $5900 Custom Research License $8900

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TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of highquality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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