Market Size
Global Web3 and Blockchain Technology Market reached US$ 5.62 billion in 2024 and is expected to reach US$ 109.21 billion by 2032, growing with a CAGR of 44.90% during the forecast period 2025-2032.
The web3 and blockchain technology market is rapidly evolving, driven by the growing demand for decentralized applications, digital assets, and enhanced data security. Blockchain enables transparent, immutable, and trustless systems, gaining traction across industries such as finance, supply chain, gaming, and healthcare. Web3, the next phase of the internet, empowers users with ownership and control over their data through decentralized platforms.
Cryptocurrencies, NFTs, and smart contracts are central components fueling innovation and investment in this space. For instance, in April 2025, WeBank Technology Services launched a value exchange infrastructure aimed at boosting Hong Kong's Web3 ecosystem, reflecting the region's commitment to advancing decentralized technologies. ā
Web3 and Blockchain Technology Market Trends
Blockchain in cybersecurity is a key trend in the Web3 and blockchain technology market due to its ability to provide decentralized, tamper-proof data storage and secure digital identities. It enhances transparency and trust by eliminating single points of failure, reducing the risk of data breaches. Smart contracts further automate security protocols, ensuring compliance and reducing human error.
In October 2024, the Indian Institute of Technology Madras (IIT Madras) launched the Centre for Cybersecurity, Trust, and Reliability (CyStar) to advance research in areas such as blockchain, AI security, cryptography, quantum security, and IoT security. The center aims to develop a comprehensive strategy to tackle emerging cybersecurity threats, especially in the AI-driven and post-quantum era. This initiative not only propels blockchain as a key trend in cybersecurity but also aligns with the broader evolution of the Web3 ecosystem, where decentralized technologies are pivotal.
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Market Scope
| Metrics | Details | |
| By Type | Public, Private, Hybrid, Consortium. | |
| By Application | Cryptocurrency, Data & Transaction Storage, Conversational AI, Payments, Others | |
| By End-User | BFSI, Retail & E-commerce, Media & Entertainment, Pharmaceuticals, IT & Telecom, Others | |
| By Region | North America, South America, Europe, Asia-Pacific, Middle East and Africa | |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth |
Market Dynamics
Rising Demand for Decentralized and Secure Transactions
The rising demand for decentralized and secure transactions is a key driver of the global Web3 and blockchain technology market. As users seek more control over their data and digital assets, blockchain offers a trustless, peer-to-peer framework that eliminates the need for central intermediaries. This shift enhances privacy, reduces fraud, and ensures transparent, tamper-proof records, particularly valuable in sectors like finance, healthcare, and supply chain.
In April 2025, Fnality International's CEO, Michelle Neal, reported that major banks are increasingly open to blockchain technology due to its advantages in global payments, such as 24/7 availability, real-time settlement, and cost efficiency. Fnality, backed by institutions like Goldman Sachs and UBS, launched its sterling payment system in December 2023 and plans to expand with a blockchain-based dollar payment system in the US by late 2025 or early 2026.
Regulatory Uncertainty
Regulatory uncertainty is a major restraint for the global Web3 and blockchain technology market, as inconsistent and unclear legal frameworks create confusion for businesses and investors. Companies face challenges in complying with differing regulations across countries, hindering cross-border innovation and adoption. The fear of sudden policy changes or bans, especially on cryptocurrencies and DeFi platforms, discourages investment. Without standardized guidelines, many enterprises hesitate to integrate blockchain into their operations. This uncertainty slows down innovation, reduces trust, and limits the scalability of Web3 solutions globally.
Market Segment Analysis
The global web3 and blockchain technology market is segmented based on the type, application end-user and region.
Cryptocurrency's Pivotal Role in Shaping the Global Web3 and Blockchain Market
Cryptocurrency holds a significant share in the global Web3 and blockchain technology market due to its foundational role in decentralized finance (DeFi) and digital asset transactions. As the first and most widespread use case of blockchain, cryptocurrencies like Bitcoin and Ethereum have paved the way for the broader adoption of decentralized systems. They enable peer-to-peer value exchange without intermediaries, fueling innovation in smart contracts and tokenization.
Governments worldwide are increasingly recognizing the potential of cryptocurrency and blockchain technology, playing a crucial role in driving their integration into the global Web3 and blockchain market. For instance, in March 2025, the Pakistani government officially launched its National Crypto Council to regulate and integrate blockchain technology and digital assets into the country's financial system. The council aims to modernize Pakistanās financial landscape through crypto innovation. Meanwhile, India is reviewing its crypto stance in response to evolving global developments.
Market Geographical Share
North America's Significant Share in the Global Web3 and Blockchain Technology Market Attributed to Advanced Defense Capabilities and High Military Investments
North Americaās robust technological infrastructure, significant investments, and a thriving ecosystem of blockchain startups contribute to its leadership. The United States, in particular, serves as a hub for blockchain innovation, with major financial centers like New York and Silicon Valley playing pivotal roles. This favorable environment is further supported by clear regulatory frameworks that encourage blockchain adoption across various sectors, including finance and technology.
Companies offering traditional financial assets through blockchain technology, enabling fractional ownership and increased liquidity, are reshaping the financial landscape in North America. In October 2024, Libeara, a blockchain asset tokenization platform, and FundBridge Capital have launched the "Delta Wellington Ultra Short Treasury On-Chain Fund" (Ultra Fund), providing digital access to US Treasurys via blockchain technology. The fund, initially deployed on Ethereum, allows investors to subscribe, transfer, and redeem tokenized units on a transparent and auditable platform.
Technological Analysis
The global Web3 and blockchain technology market is rapidly evolving, driven by the increasing adoption of decentralized systems, cryptocurrencies, and smart contracts. Blockchain's ability to enhance transparency, security, and efficiency is transforming industries like finance, healthcare, supply chain, and entertainment. The market is witnessing significant investment in infrastructure, enabling the growth of decentralized finance (DeFi) platforms, non-fungible tokens (NFTs), and decentralized applications (dApps). The rise of Web3 focuses on giving users control over their data and digital assets, promoting a decentralized internet.
Major Global Players
The major global players in the market include Palkadot, Cosmos, Alchemy Insights, Inc., Antiersolutions, Polygon Labs UI (Cayman) Ltd., Chainlink Foundation, Tezos Foundation, Helium, The Algorand Foundation Ltd, Aave Protocol and others.
Key Developments
- In February 2025, Canary Capital Group LLC launched the Canary AXL Trust, marking the first investment trust focused on blockchain interoperability. This private vehicle offers institutional and accredited investors secure exposure to AXL, the native token of the Axelar Network.
- In January 2025, Blockchain analytics platform bitsCrunch introduced a US$5 million ecosystem grant program to support Web3 developers with funding, API credits, and token-based assistance, aiming to foster sustainable growth in the blockchain ecosystem.
- In January 2024, Fox Corp. unveiled 'Verify', a blockchain platform designed to help media companies track and protect their content online, securing licensing deals with AI firms and establishing content origin through cryptographic signatures. ā
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Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
