According to TechSci Research report, India Web 3.0 Blockchain Market – By Region, Competition Forecast & Opportunities, 2018-2028, the India Web 3.0 Blockchain Market is expected to register robust growth during the forecast period, 2023-2028. In the realm of Web 3.0, edge computing and blockchain form a symbiotic relationship. Blockchain, with its enhanced Proof of Stake (PoS) deployments, relies on edge computing’s robust infrastructure to facilitate secure and efficient transactions. This synergy creates a reliable environment for blockchain operations while edge computing optimizes data processing at the point of origin, reducing bandwidth consumption. As a result, innovative applications of edge computing are poised to dominate the India Web 3.0 Blockchain Market.
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The establishment of the India Blockchain Forum aims to position India as a hub for Web3.0 and blockchain technologies. By promoting awareness and setting international standards, the forum seeks to establish community chapters nationwide. Collaborating with regulators, industry leaders, academia, and governments, the India Blockchain Forum aims to develop a comprehensive framework for blockchain and Web 3.0 adoption. Moreover, the forum plans to foster an environment conducive to innovation, encourage businesses to leverage Web 3.0 technologies, and facilitate cross-border collaboration.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on the “India Web 3.0 Blockchain Market.“
With over 40 influencers and the formation of Special Interest Groups (SIGs) focusing on areas like CBDC, Metaverse, Policy frameworks, and NFTs, the forum is poised to drive blockchain and Web3.0 adoption forward in India. The market is anticipated to achieve a significant Compound Annual Growth Rate (CAGR) during the forecast period.
However, the growth of the India Web 3.0 Blockchain Market may be hindered by limited end-user awareness during the forecast period. Nevertheless, rapid technological advancements are expected to unlock new opportunities and propel the market’s growth trajectory forward.
Key market players in the India Web 3.0 Blockchain Market: –
- Helium Systems Inc.
- Alchemy Insights, Inc
- Polygon Technology
- Decentraland
- Brave Software, Inc.
- Coinbase Global, Inc.
- Kadena LLC
- Filecoin
- Web3 Foundation
- Ocean Protocol Foundation Ltd.
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The development and expansion of machine learning (ML) and artificial intelligence (AI) capabilities in addition to the explosive growth of blockchain technology are expected to support this transformation. Blockchain technology is essential to the growth of web 3.0 firms so they utilise decentralized protocols. The customer gaining control of their data, enhanced transparency, and more secure data security are the main factors boosting the India web 3.0 blockchain industry.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
India Web 3.0 Blockchain Market By Blockchain Type (Public, Private, Hybrid, Consortium), By Application (Cryptocurrency, Conversational AI, Data & Transaction Storage, Payments, Smart Contract, Others), By End-User (BFSI, E-commerce & Retail, Media & Entertainment, Healthcare & Pharmaceuticals, IT & Telecom, Others), By Region, Competition Forecast & Opportunities, 2017-2027 has evaluated the future growth potential of India Web 3.0 Blockchain Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Web 3.0 Blockchain Market.
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