Non-fungible Token (NFT) Market
Report ID: UCMIG45D2090
Non-fungible Token (NFT) Market Size
SkyQuest Technology's Non-fungible token (nft) market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Non-fungible Token (NFT) Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
Non-fungible Token (NFT) Market Insights
Market Overview:
The global non-fungible token (NFT) market, which was valued at USD 20.44 billion in 2022, is poised for substantial growth with a projected compound annual growth rate (CAGR) of 34.2% from 2023 to 2030. This growth is primarily fueled by the increasing demand for digital artworks. Additionally, the market expansion is attributed to the worldwide surge in NFT demand, driven by their unique features such as indivisibility and transparency, which safeguards ownership authenticity and protects buyers from counterfeit NFTs. The rising interest in digital ownership and the need for establishing distinct digital identities have also played a significant role, with NFTs offering a means to prove ownership and authenticity of digital assets, enabling individuals to possess and showcase their digital collectibles, artworks, and other unique creations. Furthermore, the growing adoption of blockchain technology has been a driving force for the NFT market, as blockchain offers a decentralized and transparent platform for verifying and recording NFT ownership, ensuring their scarcity and provenance.
Non-fungible Token (NFT) Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
To get more reports on the above market click here to
Get Free Sample
Get Free Sample
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Internet Services & Infrastructure by segment aggregation, the contribution of the Internet Services & Infrastructure in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Non-fungible Token (NFT) Market Report Snapshots
REQUEST FOR SAMPLE
Want to customize this report?
REQUEST FREE CUSTOMIZATION
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
