Global Non-fungible Token (NFT) Market Growth, Demand, Size, Share, Analysis and Forecast, 2023-2030
- Report ID: 64292
- Date: May, 2023
- Pages: 120
- Category: ICT & Media
Global Non-fungible Token (NFT) Market Analysis and Forecast, 2023-2030
The global Non-fungible Token (NFT) market is expected to grow at a CAGR of 20.5% over the forecast period of 2023-2030.
Market Scope & Overview
The global Non-fungible Token (NFT) market study by Altus Market Research comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the global market for the historical period of 2019-2022 and the forecast period of 2023-2030 based on the product installed base, key forecasting factors impacting the market conditions, and major market developments happening in the market throughout the analysis period. Altus Market Research practices primary and secondary research for conducting an insightful market study. Various market parameters such as macroeconomic conditions, market environment, government policies, and competitive landscape are thoroughly studied and taken into account while analyzing the market.
The global Non-fungible Token (NFT) market report also covers value chain and supply chain analysis that provides in-depth information about the value addition at each stage of the product. Market dynamics incorporated in the market study include drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period.
The market study also covers the pricing analysis of each product based on its types and regions.
The global Non-fungible Token (NFT) market includes a market share analysis and market structure overview with detailed company profiling of leading players with their financials, product offerings, major developments, etc. This enables, clients and report buyers to make strong, precise, and timely decisions.
State of Global Economy, COVID-19 Outbreak, and the Russo-Ukraine War Impact
The global economy experienced heavy headwinds, throughout 2019-2022, as some countries witnessed subdue growth, while other countries continued to grapple with economic slowdowns. Also, intensifying tension between the US and Iran along with the tightening sanctions on Venezuela by the US further hampered global economic growth in 2019. Moreover, the heightened trade war between the US and China and the rising trade uncertainty continued to exert adverse effects on the global economy. Amid all these, the COVID-19 outbreak at the end of the year 2019 in Wuhan, China further deteriorated global economic growth.
The COVID-19 pandemic has levied undue pressure across the majority of industries globally and has caused a major economic crisis in the US, India, Italy, UK, Germany, India, Japan, South Korea, the UK, and many others. Many of these countries had announced partial or complete nationwide lockdowns. The governments of several nations have called on people to shelter in place at home, travel restrictions, shut down local businesses, and prohibited social gatherings.
The rapid spread of the virus in the early month of 2020 followed by a second wave of COVID-19 caused a significant change in management strategies of the leading industries which have affected the market or industry at a significant level. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened global uncertainty.
Key Market Segmentation and Companies
Altus Market Research has segmented the global Non-fungible Token (NFT) market based on asset type, category, end use, and region.
• By Asset Type
o Physical Assets
o Digital Assets
o Metadata
• By Category
o Artwork
o Collectibles
o Domain Names
o Gaming
o Identity
o Memes
o Metaverse
o Music & Media
o Real-World Assets
o Sport Items
o Tickets
o Virtual Items
• By End Use
o Personal
o Commercial
• By Region
o North America
US
Canada
o Latin America
Brazil
Mexico
Rest of Latin America
o Western Europe
Germany
UK
France
Spain
Italy
Benelux
Nordic
Rest of Western Europe
o Eastern Europe
Russia
Poland
Rest of Eastern Europe
o Asia Pacific
China
Japan
India
South Korea
Australia
ASEAN (Indonesia, Vietnam, Malaysia, etc.)
Rest of Asia Pacific
o Middle East & Africa
GCC
South Africa
Turkey
Rest of the Middle East & Africa
•
Leading Companies and Market Players
o Art Blocks
o Axie Infinity
o Cloudflare, Inc.
o CryptoKitties
o Dapper Labs, Inc.
o Dolphin Entertainment, Inc.
o Funko
o Gemini Trust Company, LLC.
o OpenSea
o PLBY Group, Inc.
o Rarible
o Semidot Infotech
o The Sandbox
o YellowHeart, LLC.
Global Non-fungible Token (NFT) Market Analysis and Forecast 2023-2030
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2023
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
6.3. Supply Chain & Value Chain Analysis
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis
7. Government Laws and Industry Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Blockchain Category Overview
10. Global Internet Penetration Analysis
11. Global Smart Devices Market Outlook
12. Investment Analysis
13. Pricing Analysis
13.1. By Asset Type
13.1.1. Physical Assets
13.1.2. Digital Assets
13.1.3. Metadata
13.2. By Category
13.2.1. Artwork
13.2.2. Collectibles
13.2.3. Domain Names
13.2.4. Gaming
13.2.5. Identity
13.2.6. Memes
13.2.7. Metaverse
13.2.8. Music & Media
13.2.9. Real-World Assets
13.2.10. Sport Items
13.2.11. Tickets
13.2.12. Virtual Items
14. Parent Market Overview: Global ICT Market
15. Segmental Analysis
15.1. Global Non-fungible Token (NFT) Market by Asset Type
15.1.1. Segment Overview
15.1.1.1. Physical Assets
15.1.1.2. Digital Assets
15.1.1.3. Metadata
15.2. Global Non-fungible Token (NFT) Market by Category
15.2.1. Segment Overview
15.2.1.1. Artwork
15.2.1.2. Collectibles
15.2.1.3. Domain Names
15.2.1.4. Gaming
15.2.1.5. Identity
15.2.1.6. Memes
15.2.1.7. Metaverse
15.2.1.8. Music & Media
15.2.1.9. Real-World Assets
15.2.1.10. Sport Items
15.2.1.11. Tickets
15.2.1.12. Virtual Items
15.3. Global Non-fungible Token (NFT) Market by End Use
15.3.1. Segment Overview
15.3.1.1. Personal
15.3.1.2. Commercial
15.4. Global Non-fungible Token (NFT) Market by Region
15.4.1. North America
15.4.2. Latin America
15.4.3. Western Europe
15.4.4. Eastern Europe
15.4.5. Asia Pacific
15.4.6. Middle East & Africa
16. Regional Analysis
16.1. North America Non-fungible Token (NFT) Market Analysis and Forecast 2023-2030
16.1.1. Regional Market Overview and Key Takeaways
16.1.2. North America Non-fungible Token (NFT) Market by Asset Type
16.1.3. North America Non-fungible Token (NFT) Market by Category
16.1.4. North America Non-fungible Token (NFT) Market by End Use
16.1.5. North America Non-fungible Token (NFT) Market by Country
16.1.5.1. US
16.1.5.2. Canada
16.2. Latin America Non-fungible Token (NFT) Market Analysis and Forecast 2023-2030
16.2.1. Regional Market Overview and Key Takeaways
16.2.2. Latin America Non-fungible Token (NFT) Market by Asset Type
16.2.3. Latin America Non-fungible Token (NFT) Market by Category
16.2.4. Latin America Non-fungible Token (NFT) Market by End Use
16.2.5. Latin America Non-fungible Token (NFT) Market by Country
16.2.5.1. Brazil
16.2.5.2. Mexico
16.2.5.3. Rest of Latin America
16.3. Western Europe Non-fungible Token (NFT) Market Analysis and Forecast 2023-2030
16.3.1. Regional Market Overview and Key Takeaways
16.3.2. Western Europe Non-fungible Token (NFT) Market by Asset Type
16.3.3. Western Europe Non-fungible Token (NFT) Market by Category
16.3.4. Western Europe Non-fungible Token (NFT) Market by End Use
16.3.5. Western Europe Non-fungible Token (NFT) Market by Country
16.3.5.1. Germany
16.3.5.2. UK
16.3.5.3. France
16.3.5.4. Spain
16.3.5.5. Italy
16.3.5.6. Benelux
16.3.5.7. Nordic
16.3.5.8. Rest of Western Europe
16.4. Eastern Europe Non-fungible Token (NFT) Market Analysis and Forecast 2023-2030
16.4.1. Regional Market Overview and Key Takeaways
16.4.2. Eastern Europe Non-fungible Token (NFT) Market by Asset Type
16.4.3. Eastern Europe Non-fungible Token (NFT) Market by Category
16.4.4. Eastern Europe Non-fungible Token (NFT) Market by End Use
16.4.5. Eastern Europe Non-fungible Token (NFT) Market by Country
16.4.5.1. Russia
16.4.5.2. Poland
16.4.5.3. Rest of Eastern Europe
16.5. Asia Pacific Non-fungible Token (NFT) Market Analysis and Forecast 2023-2030
16.5.1. Regional Market Overview and Key Takeaways
16.5.2. Asia Pacific Non-fungible Token (NFT) Market by Asset Type
16.5.3. Asia Pacific Non-fungible Token (NFT) Market by Category
16.5.4. Asia Pacific Non-fungible Token (NFT) Market by End Use
16.5.5. Asia Pacific Non-fungible Token (NFT) Market by Country
16.5.5.1. China
16.5.5.2. Japan
16.5.5.3. India
16.5.5.4. South Korea
16.5.5.5. Australia
16.5.5.6. ASEAN
16.5.5.7. Rest of Asia-Pacific
16.6. Middle East & Africa Non-fungible Token (NFT) Market Analysis and Forecast 2023-2030
16.6.1. Regional Market Overview and Key Takeaways
16.6.2. Middle East & Africa Non-fungible Token (NFT) Market by Asset Type
16.6.3. Middle East & Africa Non-fungible Token (NFT) Market by Category
16.6.4. Middle East & Africa Non-fungible Token (NFT) Market by End Use
16.6.5. Middle East & Africa Non-fungible Token (NFT) Market by Country
16.6.5.1. GCC
16.6.5.2. South Africa
16.6.5.3. Turkey
16.6.5.4. Rest of the Middle East & Africa
17. Competitive Landscape
17.1. Competition Dashboard
17.1.1. Global and Regional Market Share Analysis
17.1.2. Market Structure
17.2. Competitive Benchmarking
17.3. Key Strategy Analysis
17.4. Company Profiles
17.4.1. Art Blocks
17.4.1.1. Company Overview
17.4.1.2. Product/Service Offerings
17.4.1.3. Financials
17.4.1.4. Recent Developments
17.4.2. Axie Infinity
17.4.2.1. Company Overview
17.4.2.2. Product/Service Offerings
17.4.2.3. Financials
17.4.2.4. Recent Developments
17.4.3. Cloudflare, Inc.
17.4.3.1. Company Overview
17.4.3.2. Product/Service Offerings
17.4.3.3. Key Financials
17.4.3.4. Recent Developments
17.4.4. CryptoKitties
17.4.4.1. Company Overview
17.4.4.2. Product/Service Offerings
17.4.4.3. Key Financials
17.4.4.4. Recent Developments
17.4.5. Dapper Labs, Inc.
17.4.5.1. Company Overview
17.4.5.2. Product/Service Offerings
17.4.5.3. Financials
17.4.5.4. Recent Developments
17.4.6. Dolphin Entertainment, Inc.
17.4.6.1. Company Overview
17.4.6.2. Product/Service Offerings
17.4.6.3. Financials
17.4.6.4. Recent Developments
17.4.7. Funko
17.4.7.1. Company Overview
17.4.7.2. Product/Service Offerings
17.4.7.3. Financials
17.4.7.4. Recent Developments
17.4.8. Gemini Trust Company, LLC.
17.4.8.1. Company Overview
17.4.8.2. Product/Service Offerings
17.4.8.3. Financials
17.4.8.4. Recent Developments
17.4.9. OpenSea
17.4.9.1. Company Overview
17.4.9.2. Product/Service Offerings
17.4.9.3. Financials
17.4.9.4. Recent Developments
17.4.10. PLBY Group, Inc.
17.4.10.1. Company Overview
17.4.10.2. Product/Service Offerings
17.4.10.3. Financials
17.4.10.4. Recent Developments
17.4.11. Rarible
17.4.11.1. Company Overview
17.4.11.2. Product/Service Offerings
17.4.11.3. Financials
17.4.11.4. Recent Developments
17.4.12. Semidot Infotech
17.4.12.1. Company Overview
17.4.12.2. Product/Service Offerings
17.4.12.3. Financials
17.4.12.4. Recent Developments
17.4.13. The Sandbox
17.4.13.1. Company Overview
17.4.13.2. Product/Service Offerings
17.4.13.3. Financials
17.4.13.4. Recent Developments
17.4.14. YellowHeart, LLC.
17.4.14.1. Company Overview
17.4.14.2. Product/Service Offerings
17.4.14.3. Financials
17.4.14.4. Recent Developments
A comprehensive list of Non-fungible Token (NFT) brands/manufacturers by country will be provided along with geographical reach, employee count, revenue, product capacities, and their capabilities.
18. Disclaimer
List of Figures
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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