# Market research

The blockchain isn't confinerd to cryptocurrency alone, and Market experts believe it's growing rapidly. It is assumed that in the year 2023, the Web3. 0 blockchain technology sector will be worth more than six trillion dollars, according to Market Research Future, and Web3. 0 will continue to grow at a **CAGR of 44.6% from 2023 to 2030.**

This massive growth is the blockchain market also expands its options of utilizations in different sectors as well as the gaming industry.

The gaming business has already surpassed Hollywood in size. The television industry is the only other entertainment industry that can rival the gaming industry. Furthermore, the gaming industry i evolved faster than all other entertainment industries from 2006 (USD 8 billion) to 2020 (USD 160 billion). And is also blooming continuously over the time. The forecast for the growth in gaming industry estimated by the Statistica forum depicts that the market can reach the 300 million mark till 2025.

<figure><img src="https://3587344816-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fh1JdKEg0Onp11Nfi4oDa%2Fuploads%2FEooOhtlFdVN56qbF2cau%2FScreenshot%20(89).png?alt=media&#x26;token=a55edd33-561f-4741-a97a-da4b5dea60e3" alt=""><figcaption><p>Source: Statistica</p></figcaption></figure>
