The global Non-Fungible Token (NFT) market size reached USD 15.54 Billion in 2021 and is expected to register a revenue CAGR of 34.2% during the forecast period, according to latest analysis by Emergen Research. Rising popularity of metaverse and block-chain based gaming in addition to digital assets and collectibles are a few of the key factors driving market revenue growth.
The research report provides an in-depth evaluation of the Global Non Fungible Token Market and helps the market participants intensify their footprints in the industry. The report gives a detailed analysis concentrated on the critical market dynamics such as drivers, restraints, trends, and growth opportunities to assist businesses to prepare for any challenges they might encounter in the forecast period.
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Key questions answered in the report
- What will be the market size in terms of value and volume in the next five years?
- Which segment is currently leading the market?
- In which region will the market find its highest growth?
- Which players will take the lead in the market?
- What are the key drivers and restraints of the market’s growth?
The report also discusses the key players involved in the market such as:
Some major companies in the global market report include ScienceSoft USA Corporation, Innowise Group, Inoru, Zfort Group, Blockchain App Factory, Brugu, Chaincella, AppDupe, Crypto.com, and Ozone Networks, Inc.
Some Key Highlights from the Report
- Metaverse segment is expected to register the highest growth rate over the forecast period owing to presence of virtual marketplace where trading and owning virtual assets are secure. NFT metaverse systems employ virtual reality powered by blockchain technology to bridge the gap between the virtual and real worlds.
- Gaming segment is expected to register the highest growth rate over the forecast period. GameFi, which is a combination of gaming and financialization, is frequently connected with the Pay-To-Earn (P2E) model, which compensates players for their time spent playing with in-game items that have actual monetary worth outside of the game.
- Non-Fungible Token (NFT) market in Asia-Pacific is expected to register a significant growth rate over the forecast period. Rise of blockchain games and the growing number of GameFi users are some of the key factors boosting the growth of market in region. Compared to users in Europe, Latin America, the Middle East, and North Africa, users in Asia and Oceania were more interested in NFTs. Given that China is the world's largest Bitcoin miner, it ranks as the top country for NFT searches.
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Non Fungible Token Market segmentation:
Emergen Research has segmented global Non-Fungible Token (NFT) market on the basis of category, application, and region:
Category Outlook (Revenue, USD Billion; 2019-2030)
- Collectibles
- Utility
- Art
- Metaverse
- Game
- Others
Application Outlook (Revenue, USD Billion; 2019-2030)
- Real estate
- Medical
- Academic
- Gaming
- Music art
- Supply chain
- Voting
- Others
Regional Outlook: (Revenue, USD Billion; 2018-2028)
- North America (U.S.) (Canada) (Mexico)
- Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
- Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
- Latin America (Brazil) (Rest of LATAM)
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Table of Contents:
- Chapter 1 includes an introduction of the global Non Fungible Token Market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
- Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
- Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
- In Chapter 4, our team has fragmented the Non Fungible Token market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
- Chapters 5 and 6 have laid emphasis on the Non Fungible Token market segmentation based on product type and application Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.
About Us:
At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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