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India Web 3 0 Blockchain Market

ID: MRFR/ICT/56463-HCR
200 Pages
Garvit Vyas
February 2026

India Web 3.0 Blockchain Market Size, Share and Trends Analysis Report By Blockchain Type (Public, Private, Consortium, Hybrid), By Application (Cryptocurrency, Conversational AI, Data & Transaction Storage, Payments, Smart Contracts) and By Vertical (BFSI, E-commerce & Retail, Media & Entertainment, Healthcare & Pharmaceuticals, IT & Telecom) - Forecast to 2035.

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India Web 3 0 Blockchain Market Summary

As per Market Research Future analysis, the web 3.0 blockchain market size was estimated at 692.86 USD Million in 2024. the India Web 3 0 Blockchain Market is projected to grow from 994.95 USD Million in 2025 to 37095.79 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 43% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The India web 3.0-blockchain market is poised for substantial growth driven by technological advancements and increasing adoption.

  • Decentralized Finance (DeFi) is experiencing notable expansion, indicating a shift towards more accessible financial services.
  • The rise of Non-Fungible Tokens (NFTs) is transforming digital ownership and creative industries, particularly in art and gaming.
  • Regulatory developments are shaping the landscape, fostering a more secure environment for blockchain innovations.
  • Increased investment in blockchain startups and government initiatives are key drivers propelling market growth.

Market Size & Forecast

2024 Market Size 692.86 (USD Million)
2035 Market Size 37095.79 (USD Million)
CAGR (2025 - 2035) 43.6%

Major Players

Ethereum (US), Binance (MT), Cardano (GI), Solana (US), Polkadot (GI), Ripple (US), Chainlink (US), Tezos (FR), Avalanche (US)

Our Impact
Enabled $4.3B Revenue Impact for Fortune 500 and Leading Multinationals
Partnering with 2000+ Global Organizations Each Year
30K+ Citations by Top-Tier Firms in the Industry

India Web 3 0 Blockchain Market Trends

The India Web 3 0 Blockchain Market is currently experiencing a transformative phase, characterized by the integration of decentralized technologies across various sectors. This evolution appears to be driven by a growing demand for transparency, security, and efficiency in digital transactions. As organizations increasingly adopt blockchain solutions, the market is likely to witness a surge in innovative applications, ranging from finance to supply chain management. Furthermore, the regulatory landscape is evolving, with authorities exploring frameworks that could foster growth while ensuring consumer protection. This dynamic environment suggests that stakeholders must remain agile to adapt to rapid changes and emerging opportunities. In addition, the rise of decentralized finance (DeFi) platforms is reshaping traditional financial services, offering users greater control over their assets. The increasing interest in non-fungible tokens (NFTs) also indicates a shift in how digital ownership is perceived. As the web 3-0-blockchain market continues to mature, it may present new avenues for investment and collaboration, potentially leading to a more inclusive digital economy. Stakeholders are encouraged to monitor these developments closely, as they could significantly influence market trajectories in the near future.

Decentralized Finance Expansion

The expansion of decentralized finance platforms is reshaping financial services, providing users with enhanced control over their assets. This trend indicates a shift towards more accessible and transparent financial solutions, which could disrupt traditional banking models.

Regulatory Developments

Regulatory developments are becoming increasingly relevant as authorities explore frameworks to govern blockchain technologies. These regulations may aim to balance innovation with consumer protection, potentially influencing market dynamics and stakeholder strategies.

Rise of NFTs

The rise of non-fungible tokens is transforming perceptions of digital ownership. This trend suggests a growing interest in unique digital assets, which may open new markets and opportunities for creators and investors alike.

India Web 3 0 Blockchain Market Drivers

Government Initiatives and Support

The Indian government is increasingly recognizing the potential of blockchain technology, leading to various initiatives aimed at fostering its development. In 2025, several state governments have launched pilot projects to explore the use of blockchain in areas such as land registration, supply chain management, and public service delivery. These initiatives are expected to enhance transparency and efficiency in government operations, thereby boosting public trust. Furthermore, the government's support for blockchain education and research is likely to cultivate a skilled workforce capable of driving innovation in the web 3-0-blockchain market. Such proactive measures may create a conducive environment for the growth of blockchain solutions across different sectors.

Increased Investment in Blockchain Startups

The web 3-0-blockchain market in India is witnessing a surge in investment from both domestic and international venture capitalists. In 2025, investments in blockchain startups have reportedly reached approximately $1.5 billion, reflecting a growth of over 30% from the previous year. This influx of capital is likely to foster innovation and development within the sector, enabling startups to explore new applications of blockchain technology. The growing interest from investors indicates a strong belief in the potential of blockchain solutions to address various challenges across industries, including finance, supply chain, and healthcare. As more startups emerge, the competitive landscape of the web 3-0-blockchain market is expected to evolve, potentially leading to the creation of new business models and services that leverage decentralized technologies.

Growing Demand for Transparency and Security

In an era where data breaches and privacy concerns are prevalent, the demand for transparency and security in transactions is driving the web 3-0-blockchain market in India. Businesses and consumers alike are increasingly seeking solutions that offer enhanced security features, which blockchain technology inherently provides. As of November 2025, surveys indicate that approximately 70% of Indian businesses are considering blockchain solutions to improve their data security and transaction transparency. This growing awareness is likely to propel the adoption of blockchain across various sectors, including finance, healthcare, and logistics, as organizations strive to build trust with their customers and stakeholders.

Adoption of Decentralized Applications (dApps)

The proliferation of decentralized applications (dApps) is becoming a pivotal driver for the web 3-0-blockchain market in India. As of November 2025, the number of dApps has increased significantly, with estimates suggesting that there are over 1,000 active dApps catering to various sectors such as finance, gaming, and social media. This growth is indicative of a broader acceptance of blockchain technology among developers and users alike. The user base for dApps is expanding, with millions of users engaging with these platforms, which offer enhanced security, transparency, and control over personal data. The rise of dApps is likely to reshape the digital landscape in India, encouraging more individuals and businesses to explore the benefits of blockchain technology.

Integration of Blockchain with Emerging Technologies

The convergence of blockchain technology with emerging technologies such as artificial intelligence (AI), Internet of Things (IoT), and big data analytics is emerging as a key driver for the web 3-0-blockchain market in India. In 2025, numerous companies are exploring synergies between these technologies to create innovative solutions that enhance operational efficiency and decision-making processes. For instance, integrating blockchain with IoT can improve supply chain traceability, while AI can enhance data analysis capabilities within blockchain networks. This integration is likely to unlock new opportunities for businesses, enabling them to leverage the strengths of multiple technologies to address complex challenges and drive growth in the web 3-0-blockchain market.

Market Segment Insights

By Type: Public (Largest) vs. Private (Fastest-Growing)

In the India web 3-0-blockchain market, the distribution among the different types showcases a strong preference for public blockchains. Public blockchains account for the largest share, driven by their decentralized nature and the increasing adoption of cryptocurrencies. Following closely, private blockchains are gaining traction, particularly among enterprises seeking to enhance security and control. Consortium and hybrid types show moderate shares, appealing mainly to collaborative efforts and mixed-use cases, respectively. Growth trends for these segments indicate a robust increase in demand for private blockchains, as businesses embrace blockchain for secure transactions and data sharing. The rapid digital transformation in India serves as a catalyst for private and hybrid models, with consortium types being favored for partnerships in specific sectors. Overall, the market reflects an evolving landscape where the need for agility and security influences adoption rates.

Public (Dominant) vs. Private (Emerging)

Public blockchains represent a dominant force in the India web 3-0-blockchain market due to their openness and accessibility, attracting a large user base interested in decentralized applications and cryptocurrencies. These blockchains facilitate transparency and foster innovation through community participation. In contrast, private blockchains are emerging as a critical component for organizations prioritizing security, control, and efficiency in their operations. They provide the necessary infrastructure for enterprises to leverage blockchain technology while maintaining confidentiality. The trend towards private solutions is characterized by customization, as organizations adapt the technology to fit their specific operational needs, marking a significant shift in how blockchain is perceived beyond its traditional roots.

By Application: Payments (Largest) vs. Cryptocurrency (Fastest-Growing)

The market share distribution in the application segment of the India web 3-0-blockchain market is diverse, with Payments taking the lead as the largest segment. Cryptocurrency, although smaller in market share, is experiencing rapid adoption and expansion across various demographics. Conversational AI and Smart Contracts also hold significant positions but are not as dominant as Payments. Data & Transaction Storage is crucial for maintaining the integrity and security of transactions, impacting the overall market dynamics. In terms of growth trends, the demand for secure and efficient payment systems continues to drive the Payments segment, fueled by the rising digital economy. Conversely, Cryptocurrency is gaining traction, especially among younger users looking for alternative investment opportunities. Innovations in Smart Contracts and Conversational AI further enhance user experiences, promoting market growth. With increasing regulatory clarity, the environment is ripe for sustained expansion in these areas.

Payments: Dominant vs. Cryptocurrency: Emerging

Payments have emerged as the dominant application in the India web 3-0-blockchain market, reflecting the increasing need for secure and efficient transaction methods. This segment encompasses various digital payment solutions that facilitate seamless user experiences in commerce. On the other hand, Cryptocurrency is an emerging segment characterized by dynamic fluctuations and high interest among tech-savvy individuals. As a relatively new form of wealth storage and transaction mechanism, it continues to attract attention, particularly fueled by speculative investments and decentralized finance applications. Both segments highlight the evolving landscape of the market, with Payments focusing on accessibility and speed, while Cryptocurrency emphasizes innovation, decentralization, and broader financial inclusion.

By Vertical: BFSI (Largest) vs. E-commerce & retail (Fastest-Growing)

In the India web 3-0-blockchain market, the market share distribution indicates a strong hold by the BFSI sector, which represents the largest segment, driven by its extensive adoption of blockchain for financial transactions and security enhancements. Following closely is the E-commerce & retail sector, which is rapidly gaining traction as businesses increasingly explore blockchain for supply chain transparency, consumer trust, and streamlined operations. This sector's innovative engagement strategies are propelling it toward significant market presence. The growth trends within these segments are notable, with BFSI leveraging blockchain for fintech solutions, while E-commerce & retail experiences explosive growth due to rising online shopping and the need for secure transactions. Factors driving this expansion include advancements in technology, regulatory support, and changing consumer preferences toward transparency and security in transactions, indicating a dynamic interplay between these segments in shaping market evolution.

BFSI: Dominant vs. E-commerce & retail: Emerging

The BFSI sector stands as the dominant player in the India web 3-0-blockchain market, characterized by its established infrastructure and investments in blockchain technology aimed at improving security, reducing fraud, and enhancing transaction efficiency. Institutions within this sector are increasingly adopting decentralized finance solutions and digital wallets to cater to tech-savvy consumers. In contrast, the E-commerce & retail sector is an emerging segment that is quickly evolving, influenced by the growing demand for secure payment methods and seamless supply chain interactions. Retailers are harnessing blockchain for innovative loyalty programs and fraud prevention measures, leading to enhanced customer experiences and operational efficiencies. This juxtaposition highlights how the established dominance of BFSI complements the innovative potential of E-commerce & retail.

Get more detailed insights about India Web 3 0 Blockchain Market

Key Players and Competitive Insights

The web 3-0-blockchain market in India is currently characterized by a dynamic competitive landscape, driven by rapid technological advancements and increasing adoption of decentralized applications. Major players such as Ethereum (US), Binance (MT), and Solana (US) are strategically positioning themselves to capitalize on this growth. Ethereum (US) continues to innovate with its transition to Ethereum 2.0, focusing on scalability and energy efficiency, which enhances its appeal in a market increasingly concerned with sustainability. Binance (MT), on the other hand, is expanding its ecosystem through strategic partnerships and localized services, aiming to capture a larger share of the Indian user base. Solana (US) emphasizes high throughput and low transaction costs, which positions it favorably against competitors, particularly in the burgeoning DeFi sector. Collectively, these strategies contribute to a competitive environment that is both fragmented and rapidly evolving, as companies seek to differentiate themselves through technological advancements and user engagement.
In terms of business tactics, companies are increasingly localizing their operations to better serve the Indian market. This includes optimizing supply chains and enhancing customer support to cater to regional preferences. The market structure appears moderately fragmented, with several key players vying for dominance. The collective influence of these companies is significant, as they not only drive innovation but also set industry standards that smaller players must adhere to in order to remain competitive.
In October 2025, Binance (MT) announced the launch of a new educational initiative aimed at increasing blockchain literacy among Indian users. This move is strategically important as it not only enhances user engagement but also fosters a more informed customer base, which is crucial for the long-term growth of the blockchain ecosystem in India. By investing in education, Binance (MT) positions itself as a thought leader, potentially increasing its market share in a competitive landscape.
In September 2025, Solana (US) unveiled a partnership with a leading Indian fintech firm to develop a decentralized finance platform tailored for local businesses. This collaboration is significant as it leverages Solana's high-speed blockchain capabilities while addressing the specific needs of the Indian market. Such strategic alliances are likely to enhance Solana's visibility and adoption in a region that is increasingly embracing digital finance solutions.
In August 2025, Ethereum (US) launched a series of workshops in India focused on smart contract development, aiming to empower local developers. This initiative underscores Ethereum's commitment to fostering innovation within the region and highlights its strategy of building a robust developer community. By nurturing local talent, Ethereum (US) not only strengthens its ecosystem but also ensures its continued relevance in a competitive market.
As of November 2025, current trends in the web 3-0-blockchain market are heavily influenced by digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances are becoming increasingly vital, as companies recognize the need to collaborate in order to enhance their technological capabilities and market reach. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This shift suggests that companies that prioritize these aspects will be better positioned to thrive in an increasingly complex and competitive landscape.

Key Companies in the India Web 3 0 Blockchain Market include

Industry Developments

The India Web 3.0 Blockchain Market has witnessed significant developments recently. In October 2023, Tech Mahindra announced a partnership with various fintech firms to enhance blockchain solutions aimed at improving supply chain transparency. Matic Network, widely recognized now as Polygon, has seen its market valuation surge, contributing to increasing interest in decentralized finance. Infosys launched a blockchain framework tailored for enterprise applications in September 2023, showcasing its commitment to driving innovation in the sector. In a notable acquisition, WazirX acquired a stake in a crypto payment gateway in August 2023, strengthening its position in the market.

There have also been reports of growth within organizations such as CoinDCX and ZebPay as user engagement and transaction volumes continue to rise. The Indian government is contemplating regulations that could further shape the industry, highlighting a dynamic landscape.

Overall, the trajectory of companies like Aave and Hashcash Consultants illustrates a growing appetite for blockchain technology and cryptocurrencies among Indian consumers, with robust investment and development activities fueling the sector's expansion. Major happenings in the last couple of years include the rise of decentralized finance in early 2022 and increasing institutional interest in blockchain technologies, reflecting a notable shift in market dynamics in India.

Future Outlook

India Web 3 0 Blockchain Market Future Outlook

The web 3-0-blockchain market in India is projected to grow at a remarkable 43.6% CAGR from 2025 to 2035, driven by technological advancements and increasing adoption.

New opportunities lie in:

  • Decentralized finance platforms for SMEs
  • Blockchain-based supply chain solutions
  • NFT marketplaces for digital art and collectibles

By 2035, the market is expected to be a cornerstone of India's digital economy.

Market Segmentation

India Web 3 0 Blockchain Market Type Outlook

  • Public
  • Private
  • Consortium
  • Hybrid

India Web 3 0 Blockchain Market Vertical Outlook

  • BFSI
  • E-commerce & retail
  • Media & entertainment
  • Healthcare & pharmaceuticals
  • IT & telecom

India Web 3 0 Blockchain Market Application Outlook

  • Cryptocurrency
  • Conversational AI
  • Data & transaction storage
  • Payments
  • Smart contracts

Report Scope

MARKET SIZE 2024 692.86(USD Million)
MARKET SIZE 2025 994.95(USD Million)
MARKET SIZE 2035 37095.79(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 43.6% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Ethereum (US), Binance (MT), Cardano (GI), Solana (US), Polkadot (GI), Ripple (US), Chainlink (US), Tezos (FR), Avalanche (US)
Segments Covered Type, Application, Vertical
Key Market Opportunities Integration of decentralized finance solutions into traditional banking systems presents a transformative opportunity.
Key Market Dynamics Regulatory advancements and technological innovations drive competitive dynamics in the evolving web 3-0-blockchain market.
Countries Covered India
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FAQs

What is the expected market size of the India Web 3.0 Blockchain Market in 2024?

In 2024, the India Web 3.0 Blockchain Market is expected to be valued at approximately 619.91 USD Million.

What will be the market value of the India Web 3.0 Blockchain Market in 2035?

By 2035, the India Web 3.0 Blockchain Market is anticipated to reach a value of about 6543.64 USD Million.

What is the expected CAGR for the India Web 3.0 Blockchain Market from 2025 to 2035?

The India Web 3.0 Blockchain Market is projected to grow at a CAGR of 23.892% from 2025 to 2035.

Which blockchain type holds the largest market share in 2024?

In 2024, the Public blockchain type is expected to hold the largest market share valued at 200.0 USD Million.

What is the market size of Private blockchain in 2035?

The Private blockchain segment is expected to reach a market size of approximately 1800.0 USD Million by 2035.

Who are the major players in the Indian Web 3.0 Blockchain Market?

Key players in the India Web 3.0 Blockchain Market include TechMahindra, Infosys, Matic Network, and WazirX among others.

What is the expected market size of the Consortium blockchain in 2024?

The Consortium blockchain segment is anticipated to be valued at about 120.0 USD Million in 2024.

What are the growth opportunities in the India Web 3.0 Blockchain Market?

There are significant growth opportunities driven by increasing adoption of blockchain solutions across various industries.

What is the projected size of the Hybrid blockchain segment in 2035?

The Hybrid blockchain segment is projected to grow to an estimated size of 1853.64 USD Million by 2035.

How does the current market environment impact the growth of the Web 3.0 Blockchain Market in India?

The current market environment is favorable, fostering innovation and technological advancements within the Web 3.0 framework.

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