Non fungible Token Market Revenue Growth, New Launches, Regional Share Analysis & Forecast Till 2030

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Increasing popularity of metaverse and rising demand for decentralized marketplaces are some key factors driving market revenue growth

Global Non-fungible Token (NFT) market size reached USD 50.10 Billion in 2021 and is expected to register a revenue CAGR of 10.7%, during the forecast period, according to latest analysis by Emergen Research. Rapid traction of metaverse and rising demand for decentralized marketplaces are some key factors driving global non-fungible token market revenue growth. Rising use of NFT for domain name ownership is also expected to boost revenue growth of the market to a significant extent. Owners of blockchain domains can use private keys to manage respective domains. The standard Domain Name Service (DNS) is controlled by the Internet Corporation for Assigned Names and Numbers (ICANN), and there is very minimal supervision of such domains. 

It features insightful qualitative and quantitative assessments of the Non fungible Token industry, gathering industry-verified data from the value chain analysis. The report, additionally, examines the prevailing trends in the market, along with the macro- and micro-economic indicators.  The report delivers a deep understanding of the key aspects of the Non fungible Token market, for instance, import and export dynamics, production and consumption rates, and consumer bases across the major market regions. Thus, the report concludes with the essential market statistics presented in a tabular format to help readers get a clear idea of the global market dynamics.

The report also offers an overview of the business sphere with regard to the impact of the COVID-19 pandemic on the industry. The pandemic has changed the dynamics of the Non fungible Token market by affecting the global supply chains and financial scenarios. Although hit by the pandemic, the market is expected to regain momentum over the coming years. The report further discusses in detail the overall impact of the pandemic on the Non fungible Token market and its key segments.

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The research study offers a decisive view of the global Non fungible Token market through its in-depth segmentation based on types, applications, and regions. The Non fungible Token market segments have been analyzed based on the historical data and current scenario to offer accurate insights into the market outlook. The report segments the global Non fungible Token market into:

Based on Type:

Type Outlook (Revenue, USD Billion; 2019–2030)

  • Physical Asset
  • Digital Asset

Application Outlook (Revenue, USD Billion; 2019–2030)

  • Collectibles
    1. Video Clip
    2. Audio Clip
    3. Gamification
    4. Others
  • Art
    1. Pixel Art
    2. Fractal/Algorithmic Art
    3. Computer Generated Painting
    4. 2D/3D Painting
    5. 2D/3D Computer Graphics
    6. GIFs
    7. Others
  • Gaming
    1. Trading Card Game (TCG)
    2. Video Game
    3. Strategy Role Playing Game (RPG)
    4. Others
  • Utilities
    1. Tickets
    2. Domain Names
    3. Assets Ownership
  • Metaverse
  • Sport
  • Others

End-Use Outlook (Revenue, USD Billion; 2019–2030)

  • Personal
  • Commercial

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The research report covers an in-depth assessment of the key strategies and plans undertaken by the key competitors of the market. It provides a comprehensive overview of the financial overview of the companies, business strategies, expansion plans, research and development activities, and their product portfolio. It also sheds light on the mergers and acquisitions, joint ventures, collaborations, and the latest technological developments. The report offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to impart a better understanding of the competitive landscape and to analyze the growth scope of each player.

The key companies profiled in the report are:

YellowHeart, Cloudflare, Inc., PLBY Group, Inc., Dolphin Entertainment, Inc., Funko Inc., OpenSea (Ozone Networks, Inc.), Takung Art Co., Ltd., Dapper Labs, Inc., Nifty Gateway (Gemini Trust Company, LLC), and MakersPlace (Onchain Labs, Inc.)

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The report provides an in-depth analysis of the global Non fungible Token market with regards to its growth opportunities, production and consumption ratio, supply and demand, and export and import ratio. The market report offers key statistical data across the leading regions of the global Non fungible Token market. The regional segment of the report covers the analysis of the key geographical regions, such as:

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of LATAM)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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