Web 3.0 technology is also used in social network platforms that aim to improve the customer experience, such as how customers communicate, interact and form communities. Web 3.0 Blockchain Market Growth & Trends
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Read 150-page full market research report for more Insights, " Web 3.0 Blockchain Market Size, Share & Trends Analysis Report By Blockchain Type, By Application (Cryptocurrency, Conversational AI, Data & Transaction Storage), By End Use, By Region, And Segment Forecasts, 2022 - 2030 ", published by Grand View Research. Moreover, growing investments in research & development of Web 3.0 is anticipated to aid the growth. The increasing advancements in 5G, artificial intelligence, and machine learning is the major factor driving the growth of the Asia Pacific region. The Asia Pacific is anticipated to witness the fastest growth during the projection period.Increasing demand for Web 3.0 blockchain in retail & e-commerce owing to benefits such as reduced costs, faster payments, improved security, and increased transparency is expected to fuel the segment's growth. The retail & e-commerce segment is anticipated to register the fastest growth during the forecast period.
Web 3.0 cryptocurrencies use blockchain and smart contracts to automate transactions and eliminate the need for a third-party entity which is anticipated to support the segment's growth. Enterprises are increasingly in need of high-performance cryptocurrency transaction services. The cryptocurrency segment dominated the market in 2021.The growth of the segment can be attributed to the increased demand for public blockchain technology owing to the free, secure, and permission less accessibility to anyone with internet access. The public segment dominated the market in 2021.
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