The global non-fungible tokens (NFT) market is expected to grow by $113,933.5 million during 2023-2027, accelerating at a CAGR of 35.02% during the forecast period
NEW YORK, 6 December 2022 /PRNewswire/ —
Global non-fungible Token (NFT) Market 2023-2027
The analyst has monitored non-fungible token (NFT) market, and it is poised to grow with it $113,933.5 million during 2023-2027, accelerating at a CAGR of 35.02% during the forecast period. Our report on non-fungible token (nft) market provides a comprehensive analysis, market size and forecast, trends, growth drivers and challenges, as well as vendor analysis covering around 25 vendors.
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The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing demand for digital art, increasing investment in digital assets and the security and ownership of digital assets.
The non-fungible The token (NFT) market is segmented as below:
Upon application
• Collectables
• Sports
• Art
• Others
By end user
• Personal
• Commercial
By Geographical Landscape
• APAC
• North America
• South America
• Europe
• Middle East and Africa
This study identifies the increasing number of big brands entering the market as one of the main reasons why the non-fungible token (NFT) market growth over the next few years. The emergence of fractional NFTs and the increasing number of strategic initiatives in the NFT market will also lead to significant demand in the market.
The analyst presents a detailed picture of the market by studying, synthesizing and summarizing data from several sources by analyzing key parameters. Our report on non-fungible The token market (NFT) covers the following areas:
• Non-fungible token (NFT) market size
• Non-fungible token (NFT) market forecast
• Non-fungible token (NFT) market industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading non-fungible token market (NFT) providers that include Binance Services Holdings Ltd., Cloudflare Inc, Dapper Labs Inc., Decentraland, Enjin Pte. Ltd., Foundation Labs Inc., FTX Trading Ltd., Funko Inc., Gala game, Gemini Trust Co . LLC, Mintable.app, Mobox Digital Co. Ltd., Onchain Labs Inc., OpenSea, Rarible Inc., Sorare, SuperRare Labs Inc., Theta Labs Inc., Yellowheart LLC and Yuga Labs LLC. Also the non-fungible token (NFT) market analysis report contains information on upcoming trends and challenges that will impact market growth. This is to help companies strategize and exploit all future growth opportunities.
The study was conducted using an objective combination of primary and secondary information including input from key industry participants. The report contains a comprehensive market and supplier landscape in addition to an analysis of the key suppliers.
The analyst presents a detailed picture of the market by studying, synthesizing and summarizing data from multiple sources by analyzing key parameters such as profits, prices, competition and promotions. It presents various market facets by identifying key industry influencers. The data presented is comprehensive, reliable and the result of extensive research – both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and in-depth vendor selection methodology and analysis using qualitative and quantitative research to accurately forecast market growth.
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