Non-fungible Token (NFT) Market by Application, End-user, and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 160
  • SKU: IRTNTR73238

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Non-fungible Token (NFT) market growth will increase by $113933.5 million during 2023-2027.
The non-fungible token (nft) market is expected to grow at a CAGR of 35.02% during 2023-2027.
Technavio has segmented the non-fungible token (nft) market by application (Collectibles, Sports, Arts, and Others) ,end-user (Personal, Commercial, Middle East and Africa, North America, and Europe) , and geography (APAC, North America, South America, Europe, and Middle East and Africa).
Binance Services Holdings Ltd., Cloudflare Inc, Dapper Labs Inc., Decentraland, Enjin Pte. Ltd., Foundation Labs Inc., FTX Trading Ltd., Funko Inc., Gala Games, Gemini Trust Co. LLC,, Mobox Digital Co. Ltd., Onchain Labs Inc., OpenSea, Rarible Inc., Sorare, SuperRare Labs Inc., Theta Labs Inc., Yellowheart LLC, Yuga Labs LLC are a few of the key vendors in the non-fungible token (nft) market.
APAC will register the highest growth rate of 39.21% among the other regions. Therefore, the non-fungible token (nft) market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Canada
  • Thailand
  • China
  • Brazil
The key factors driving the non-fungible token (nft) market growth are:
  • Increasing demand for digital art
  • Growing number of big brands entering the market
The non-fungible token (nft) market vendors should focus on grabbing business opportunities from the Collectibles segment as it accounted for the largest market share in the base year.
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