Non-fungible Token Market by Type (Digital Asset, Physical Asset), Offering (Business Strategy Formulation, NFT Creation & Management, NFT Marketplaces), End-Use - Global Forecast 2024-2030

Non-fungible Token Market by Type (Digital Asset, Physical Asset), Offering (Business Strategy Formulation, NFT Creation & Management, NFT Marketplaces), End-Use - Global Forecast 2024-2030


The Non-fungible Token Market size was estimated at USD 4.78 billion in 2023 and expected to reach USD 6.00 billion in 2024, at a CAGR 27.94% to reach USD 26.84 billion by 2030.Non-fungible tokens (NFTs) are non-interchangeable units of data that can signify ownership of digital items, such as images, music, or videos. NFTs can be authenticated online as ownership records are updated on blockchain from the moment the art is minted, sold, and resold. The exponential need for advanced authenticity testing of products across industries has been the primary driver for the utilization of NFTs. Over the years, there has been an increasing demand for decentralized marketplaces and investments for NFT startups, creating a rising space for the token. NFTs are highly utilized by individuals working as artists and gamers to create a permanent, digital representation of ownership of an asset. However, cybersecurity concerns and difficulties in establishing legal ownership of NFTs due to lack of standardization impede their adoption. NFTs also have adverse impacts on the environment that make them less appealing among many users. Market players are constantly working on upgrading the NFTs to curb their limitations, while the government is slowly entering the market to build product-specific standards for safe and accurate utilization. NFTs provide considerable opportunities in Web 3.0 & metaverse and can be tremendously utilized across the government, real estate, and healthcare sectors.

Regional Insights

The Americas NFT market is rapidly advancing, driven by the presence of established players focused on creating improved NFT marketplaces for the rising number of digital content creators. The region has high expertise in blockchain and AI development, and the players in the U.S. and Canada are constantly working towards including these technologies in the NFT platforms. Fashion, art, and jewelry makers are partnering with the popular NFT platforms to transform digital collectibles into usable works of art. The European region portrays a presence of emerging NFT startups, and regulations are being established for the safe introduction of NFT usage in the region. The Asia-Pacific region sees a progressing utilization of NFTs, owing to their increased demand for gaming and the rising popularity of blockchain initiatives. For countries with high web traffic to NFT marketplaces, particularly Singapore, Vietnam, and the Philippines, a large portion of that NFT-related traffic comes from players of blockchain games.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Non-fungible Token Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Non-fungible Token Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Non-fungible Token Market, highlighting leading vendors and their innovative profiles. These include Appy Pie LLP, Binance, Bitbond GmbH, Blur, Dapper Labs, Inc., Ethos Multiverse Inc., Fotor by Everimaging, Gemini Trust Company, LLC, Hotpot.ai by Panabee, LLC, HyperNFT, iBlock Technologies Pvt. Ltd., Invaluable Studios, Inc., Live Bash, Inc., LooksRare, Loot NFT Co. LLC, Magic Eden by Euclid Labs, Inc., Mintable.app, NFTICALLY, NFTPilot.io by Acria UG, NFTs2Me.com, NightCafe Studio Pty Ltd., OneMint.io, Opensea by Ozone Networks, Inc., Owens NFT, Rarible, Inc., Semidot Infotech, SocialSweet Inc., Sorare, SAS, The Sandbox, Tokenfy, UniqMyNFT, Uniswap Labs, Venly, and X2Y2.

Market Segmentation & Coverage

This research report categorizes the Non-fungible Token Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type

Digital Asset

Physical Asset
Offering

Business Strategy Formulation

NFT Creation & Management

NFT Marketplaces
Curated NFT Marketplaces
Mass NFT Marketplaces
Niche NFT Marketplaces
Non-curated NFT Marketplaces
End-Use

Construction & Real Estate

Healthcare & Life Sciences

Media & Entertainment

Retail & Fashion
Region

Americas
Argentina
Brazil
Canada
Mexico
United States

California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas

Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam

Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Non-fungible Token Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Non-fungible Token Market?
3. What are the technology trends and regulatory frameworks in the Non-fungible Token Market?
4. What is the market share of the leading vendors in the Non-fungible Token Market?
5. Which modes and strategic moves are suitable for entering the Non-fungible Token Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Non-fungible Token Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Exponential need for advanced authenticity testing of products across industries
5.1.1.2. Increasing demand for decentralized marketplaces and investments for NFT startups
5.1.1.3. Rising application of NFT in art & digital creatives and gaming
5.1.2. Restraints
5.1.2.1. Cybersecurity concerns and difficulties in establishing legal ownership of NFTs due to lack of standardization
5.1.2.2. Issues associated with high gas fees of NFT transactions
5.1.3. Opportunities
5.1.3.1. Future of NFTs in Web 3.0 & the metaverse and convergence of NFTs and AI
5.1.3.2. Surging potential for NFT in government, real estate, and healthcare sectors
5.1.4. Challenges
5.1.4.1. High energy consumption and environmental concerns of NFT
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Non-fungible Token Market, by Type
6.1. Introduction
6.2. Digital Asset
6.3. Physical Asset
7. Non-fungible Token Market, by Offering
7.1. Introduction
7.2. Business Strategy Formulation
7.3. NFT Creation & Management
7.4. NFT Marketplaces
7.5.1. Curated NFT Marketplaces
7.5.2. Mass NFT Marketplaces
7.5.3. Niche NFT Marketplaces
7.5.4. Non-curated NFT Marketplaces
8. Non-fungible Token Market, by End-Use
8.1. Introduction
8.2. Construction & Real Estate
8.3. Healthcare & Life Sciences
8.4. Media & Entertainment
8.5. Retail & Fashion
9. Americas Non-fungible Token Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Non-fungible Token Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Non-fungible Token Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. Merger & Acquisition
12.3.1.1. LACMA Has Acquired a Who’s Who of Blockchain Art by Important Generative Artists.
12.3.1.2. eBay Acquires Leading NFT Marketplace, KnownOrigin.
12.3.1.3. Uniswap acquires NFT marketplace aggregator Genie.
12.3.2. Agreement, Collaboration, & Partnership
12.3.2.1. CryptoSlam and Forkast.News Merge to Form Forkast Labs.
12.3.2.2. Immutable Partners with NFT.NYC in Major Multi-Year Sponsorship.
12.3.2.3. STAN enters NFT partnership with FreeFire creators; launches ‘NFT waitlist’.
12.3.3. New Product Launch & Enhancement
12.3.3.1. ConsenSys to launch one of the first green NFTs on Ethereum mainnet.
12.3.4. Investment & Funding
12.3.4.1. Japan to Invest in Metaverse and NFT Expansion.
12.3.4.2. Vietnam’s NFT Project Secures USD 2.5 Million Investment.
12.3.5. Award, Recognition, & Expansion
12.3.5.1. Japan to Invest in Metaverse and NFT Expansion.
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. Appy Pie LLP
13.1.2. Binance
13.1.3. Bitbond GmbH
13.1.4. Blur
13.1.5. Dapper Labs, Inc.
13.1.6. Ethos Multiverse Inc.
13.1.7. Fotor by Everimaging
13.1.8. Gemini Trust Company, LLC
13.1.9. Hotpot.ai by Panabee, LLC
13.1.10. HyperNFT
13.1.11. iBlock Technologies Pvt. Ltd.
13.1.12. Invaluable Studios, Inc.
13.1.13. Live Bash, Inc.
13.1.14. LooksRare
13.1.15. Loot NFT Co. LLC
13.1.16. Magic Eden by Euclid Labs, Inc.
13.1.17. Mintable.app
13.1.18. NFTICALLY
13.1.19. NFTPilot.io by Acria UG
13.1.20. NFTs2Me.com
13.1.21. NightCafe Studio Pty Ltd.
13.1.22. OneMint.io
13.1.23. Opensea by Ozone Networks, Inc.
13.1.24. Owens NFT
13.1.25. Rarible, Inc.
13.1.26. Semidot Infotech
13.1.27. SocialSweet Inc.
13.1.28. Sorare, SAS
13.1.29. The Sandbox
13.1.30. Tokenfy
13.1.31. UniqMyNFT
13.1.32. Uniswap Labs
13.1.33. Venly
13.1.34. X2Y2
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. NON-FUNGIBLE TOKEN MARKET RESEARCH PROCESS
FIGURE 2. NON-FUNGIBLE TOKEN MARKET SIZE, 2023 VS 2030
FIGURE 3. NON-FUNGIBLE TOKEN MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. NON-FUNGIBLE TOKEN MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. NON-FUNGIBLE TOKEN MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. NON-FUNGIBLE TOKEN MARKET DYNAMICS
FIGURE 7. NON-FUNGIBLE TOKEN MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 8. NON-FUNGIBLE TOKEN MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. NON-FUNGIBLE TOKEN MARKET SIZE, BY OFFERING, 2023 VS 2030 (%)
FIGURE 10. NON-FUNGIBLE TOKEN MARKET SIZE, BY OFFERING, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. NON-FUNGIBLE TOKEN MARKET SIZE, BY END-USE, 2023 VS 2030 (%)
FIGURE 12. NON-FUNGIBLE TOKEN MARKET SIZE, BY END-USE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS NON-FUNGIBLE TOKEN MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS NON-FUNGIBLE TOKEN MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES NON-FUNGIBLE TOKEN MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES NON-FUNGIBLE TOKEN MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC NON-FUNGIBLE TOKEN MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC NON-FUNGIBLE TOKEN MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA NON-FUNGIBLE TOKEN MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA NON-FUNGIBLE TOKEN MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. NON-FUNGIBLE TOKEN MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. NON-FUNGIBLE TOKEN MARKET SHARE, BY KEY PLAYER, 2023

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