Non-Fungible Tokens Market by Offering (Business Strategy Formulation, NFT Creation, and Management, NFT Platform – Marketplace), End-user (Media and Entertainment, Gaming), Region (Americas, Europe, MEA, APAC) - Global forecast to 2027
The global NFT market size is expected to grow from USD 3.0 billion in 2022 to USD 13.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 35.0% from 2022 to 2027. Major factors fueling the momentum of NFT growth include the increasing influence of celebrities for NFT adoption, revolutionizing the gaming industry and slow but continuing rise in demand for digital artworks etc.
NFT Marketplaces to grow at a higher CAGR during the forecast period
Non-curated platforms provide free access to creators, unlike the curated ones, which have a stringent policy toward creators’ selection. NFT platforms such as like SuperRare and Nifty gateway, creators must apply form with stringent selection criteria and a long waiting period for the experts’ decision. That is why non-curated platforms have been widely accepted by the creators to sell their digital assets. To expand their growth, various organizations are stepping into the NFT space. For example, Coinbase Global Inc, a US crypto exchange platform, launched its NFT marketplace very recently. Developments like this have contributed to the growth of the NFT market.
In region segment, Americas to have a higher market share during the forecast period
The Americas is expected to be the largest contributor in terms of the market size in the global NFT market. The US companies are investing in NFTs despite not having stringent laws, accounting rules, and disclosure requirements. KPMG Canada has purchased a piece of digital art from the “World of Women” NFT after its corporate treasury made its inaugural investment in cryptocurrency. An American company, OpenSea, unlike other platforms, does not impose a fee to mint NFTs. The platform charges a payment on the final sale price, which is presently 2.5%. With the OpenSea platform experiencing enormous success in 2021, the business model looks to be viable and is an excellent option for young NFT producers to get started. Organizations are coming up front with many developments and partnerships to explore and make people aware of the trends and uses of NFTs to help them monetize their work. Major companies such as OpenSea, Larva Labs, Cloudflare, and Dapper Labs are headquartered in North America. Investments and creations similar to these are motivating the artists to be a part of this booming NFT world which can be a major factor in the growth of the NFT market.
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies. The break-up of the primaries is as follows:
The study includes an in-depth competitive analysis of the key players in the NFT market, with their company profiles, recent developments, and key market strategies.
Research coverage
The market study covers the NFT market size across segments. It aims at estimating the market size and growth potential of this market across different segments: by offering, by end-users, and by region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key benefits of buying the report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall NFT market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
NFT Marketplaces to grow at a higher CAGR during the forecast period
Non-curated platforms provide free access to creators, unlike the curated ones, which have a stringent policy toward creators’ selection. NFT platforms such as like SuperRare and Nifty gateway, creators must apply form with stringent selection criteria and a long waiting period for the experts’ decision. That is why non-curated platforms have been widely accepted by the creators to sell their digital assets. To expand their growth, various organizations are stepping into the NFT space. For example, Coinbase Global Inc, a US crypto exchange platform, launched its NFT marketplace very recently. Developments like this have contributed to the growth of the NFT market.
In region segment, Americas to have a higher market share during the forecast period
The Americas is expected to be the largest contributor in terms of the market size in the global NFT market. The US companies are investing in NFTs despite not having stringent laws, accounting rules, and disclosure requirements. KPMG Canada has purchased a piece of digital art from the “World of Women” NFT after its corporate treasury made its inaugural investment in cryptocurrency. An American company, OpenSea, unlike other platforms, does not impose a fee to mint NFTs. The platform charges a payment on the final sale price, which is presently 2.5%. With the OpenSea platform experiencing enormous success in 2021, the business model looks to be viable and is an excellent option for young NFT producers to get started. Organizations are coming up front with many developments and partnerships to explore and make people aware of the trends and uses of NFTs to help them monetize their work. Major companies such as OpenSea, Larva Labs, Cloudflare, and Dapper Labs are headquartered in North America. Investments and creations similar to these are motivating the artists to be a part of this booming NFT world which can be a major factor in the growth of the NFT market.
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies. The break-up of the primaries is as follows:
- By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
- By Designation: C-level Executives – 35%, Directors – 25%, and Others – 40%
- By Region: North America – 45%, Europe – 20%, APAC – 30%, and RoW – 5%
The study includes an in-depth competitive analysis of the key players in the NFT market, with their company profiles, recent developments, and key market strategies.
Research coverage
The market study covers the NFT market size across segments. It aims at estimating the market size and growth potential of this market across different segments: by offering, by end-users, and by region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key benefits of buying the report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall NFT market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE,2018–2022
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 NON-FUNGIBLE TOKENS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakup of primary profiles
2.1.2.2 Key industry insights
2.2 MARKET BREAKUP AND DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
2.4 MARKET FORECAST
TABLE 2 FACTOR ANALYSIS
2.5 ASSUMPTIONS
2.6 LIMITATIONS
3 EXECUTIVE SUMMARY
TABLE 3 NON-FUNGIBLE TOKENS MARKET SIZE AND GROWTH, 2018–2020 (USD MILLION, Y-O-Y %)
TABLE 4 NON-FUNGIBLE TOKENS MARKET SIZE AND GROWTH, 2022–2027 (USD MILLION, Y-O-Y %)
FIGURE 2 NON-FUNGIBLE TOKENS MARKET TO GROW MODERATELY FROM 2022 TO 2027 DUE TO THE COVID-19 PANDEMIC
FIGURE 3 NORTH AMERICA TO ACCOUNT FOR THE LARGEST MARKET SHARE IN 2022
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN THE NON-FUNGIBLE TOKENS MARKET
FIGURE 4 INCREASED INFLUENCE OF CELEBRITIES FOR NFT ADOPTION AND RISE IN DIGITAL ARTWORKS TO DRIVE THE NFT MARKET GROWTH
4.2 NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2022–2027
FIGURE 5 NFT PLATFORM-MARKETPLACE SEGMENT TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
4.3 NON-FUNGIBLE TOKENS MARKET, BY END USER, 2022–2027
FIGURE 6 MEDIA AND ENTERTAINMENT SEGMENT TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
4.4 NON-FUNGIBLE TOKENS MARKET, BY REGION, 2022–2027
FIGURE 7 AMERICAS SEGMENT TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
4.5 MARKET INVESTMENT SCENARIO
FIGURE 8 ASIA PACIFIC TO EMERGE AS THE BEST MARKET FOR INVESTMENTS IN THE NEXT FIVE YEARS
5 MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 9 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: NON-FUNGIBLE TOKENS MARKET
5.2.1 DRIVERS
5.2.1.1 Increasing influence of celebrities to fuel momentum of NFT adoption
5.2.1.2 Revolutionizing gaming industry
5.2.1.3 Slow but continuing rise in demand for digital artworks
5.2.2 RESTRAINTS
5.2.2.1 Issues with copyright protection
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing use cases of NFT in supply chain management, retail, and fashion
5.2.3.2 Efforts of industry giants toward making metaverse a reality
5.2.3.3 Personalization of NFT
5.2.4 CHALLENGES
5.2.4.1 High and hidden fees
5.2.4.2 Lack of legal representation, absence of compliance, and regulations for NFT
5.3 VALUE CHAIN
FIGURE 10 VALUE CHAIN OF NON-FUNGIBLE TOKENS MARKET
5.4 ECOSYSTEM: NON-FUNGIBLE TOKENS
5.5 TECHNOLOGY ANALYSIS
5.5.1 BLOCKCHAIN
5.5.2 CRYPTOCURRENCY
5.6 PATENT ANALYSIS
FIGURE 11 NON-FUNGIBLE TOKENS MARKET: PATENT ANALYSIS
5.7 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
FIGURE 12 NON-FUNGIBLE TOKENS MARKET: TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
5.8 PORTER’S FIVE FORCES ANALYSIS
FIGURE 13 PORTER’S FIVE FORCES MODEL FOR THE NON-FUNGIBLE TOKENS MARKET
TABLE 5 PORTER'S FIVE FORCES ANALYSIS IMPACT ON THE NON-FUNGIBLE TOKENS MARKET
5.8.1 THREAT OF NEW ENTRANTS
5.8.2 THREAT OF SUBSTITUTES
5.8.3 BARGAINING POWER OF SUPPLIERS
5.8.4 BARGAINING POWER OF BUYERS
5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 TARIFF AND REGULATORY LANDSCAPE
5.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 6 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 EUROPE AND MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.9.2 GENERAL DATA PROTECTION REGULATION
5.9.3 PAYMENT CARD INDUSTRY-DATA SECURITY STANDARD (PCI-DSS)
5.9.4 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT
5.10 USE CASES
5.10.1 USE CASES: IDENTIFICATION, CERTIFICATION, AND DOCUMENTATION
5.10.2 USE CASES: REAL ESTATE
5.10.3 USE CASES: EVENT TICKETING
5.11 KEY CONFERENCES AND EVENTS IN 2022–2023
TABLE 8 NON-FUNGIBLE TOKENS MARKET: LIST OF CONFERENCES AND EVENTS
6 NON FUNGIBLE TOKENS - MARKET TRENDS
6.1 METAVERSE
6.2 PLAY TO EARN (P2E)
7 NON-FUNGIBLE TOKENS MARKET, BY OFFERING
7.1 INTRODUCTION
FIGURE 14 NFT PLATFORM - MARKETPLACE SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 9 NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 10 NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2022–2027 (USD MILLION)
7.2 BUSINESS STRATEGY FORMULATION
7.2.1 BUSINESS STRATEGY FORMULATION: NON-FUNGIBLE TOKENS MARKET DRIVERS
TABLE 11 NON-FUNGIBLE TOKENS MARKET: BUSINESS STRATEGY FORMULATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 12 NON-FUNGIBLE TOKENS MARKET: BUSINESS STRATEGY FORMULATION, BY REGION, 2022–2027 (USD MILLION)
7.3 NFT CREATION AND MANAGEMENT
7.3.1 NFT CREATION AND MANAGEMENT: NON-FUNGIBLE TOKENS MARKET DRIVERS
TABLE 13 NON-FUNGIBLE TOKENS MARKET: NFT CREATION AND MANAGEMENT, BY REGION, BY REGION, 2018–2021 (USD MILLION)
TABLE 14 NON-FUNGIBLE TOKENS MARKET: NFT CREATION AND MANAGEMENT, BY REGION, 2022–2027 (USD MILLION)
7.4 NFT PLATFORM - MARKETPLACE
7.4.1 NFT PLATFORM - MARKETPLACE: NON-FUNGIBLE TOKENS MARKET DRIVERS
TABLE 15 NON-FUNGIBLE TOKENS MARKET: NFT PLATFORM-MARKETPLACE, BY REGION, BY REGION, 2018–2021 (USD MILLION)
TABLE 16 NON-FUNGIBLE TOKENS MARKET: NFT PLATFORM-MARKETPLACE, BY REGION, 2022–2027 (USD MILLION)
8 NON-FUNGIBLE TOKENS MARKET, BY END USER
8.1 INTRODUCTION
FIGURE 15 OTHER END USERS SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 17 NON-FUNGIBLE TOKENS MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 18 NON-FUNGIBLE TOKENS MARKET, BY END USER, 2022–2027 (USD MILLION)
8.2 MEDIA AND ENTERTAINMENT
8.2.1 MEDIA AND ENTERTAINMENT: NON-FUNGIBLE TOKENS MARKET DRIVERS
TABLE 19 NON-FUNGIBLE TOKENS MARKET: MEDIA AND ENTERTAINMENT, BY REGION, 2018–2021 (USD MILLION)
TABLE 20 NON-FUNGIBLE TOKENS MARKET: MEDIA AND ENTERTAINMENT, BY REGION, 2022–2027 (USD MILLION)
8.3 ONLINE GAMING & RELATED COLLECTIBLES
8.3.1 ONLINE GAMING & RELATED COLLECTIBLES: NON-FUNGIBLE TOKENS MARKET DRIVERS
TABLE 21 NON-FUNGIBLE TOKENS MARKET: GAMING AND RELATED COLLECTIBLES, BY REGION, 2018–2021 (USD MILLION)
TABLE 22 NON-FUNGIBLE TOKENS MARKET: GAMING AND RELATED COLLECTIBLES, BY REGION, 2022–2027 (USD MILLION)
8.4 OTHER END USERS
TABLE 23 NON-FUNGIBLE TOKENS MARKET: OTHER END USERS, BY REGION, 2018–2021 (USD MILLION)
TABLE 24 NON-FUNGIBLE TOKENS MARKET: OTHER END USERS, BY REGION, 2022–2027 (USD MILLION)
9 NON-FUNGIBLE TOKENS MARKET, BY REGION
9.1 INTRODUCTION
FIGURE 16 ASIA PACIFIC TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 25 NON-FUNGIBLE TOKENS MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 26 NON-FUNGIBLE TOKENS MARKET, BY REGION, 2022–2027 (USD MILLION)
9.2 AMERICAS
9.2.1 AMERICAS: NON-FUNGIBLE TOKENS MARKET DRIVERS
FIGURE 17 AMERICAS: MARKET SNAPSHOT
TABLE 27 AMERICAS: NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 28 AMERICAS: NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2022–2027 (USD MILLION)
TABLE 29 AMERICAS: NON-FUNGIBLE TOKENS MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 30 AMERICAS: NON-FUNGIBLE TOKENS MARKET, BY END USER, 2022–2027 (USD MILLION)
9.3 EUROPE, MIDDLE EAST & AFRICA
9.3.1 EUROPE, MIDDLE EAST & AFRICA: NON-FUNGIBLE TOKENS MARKET DRIVERS
TABLE 31 EUROPE, MIDDLE EAST & AFRICA: NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 32 EUROPE, MIDDLE EAST & AFRICA: NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2022–2027 (USD MILLION)
TABLE 33 EUROPE, MIDDLE EAST & AFRICA: NON-FUNGIBLE TOKENS MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 34 EUROPE, MIDDLE EAST & AFRICA: NON-FUNGIBLE TOKENS MARKET, BY END USER, 2022–2027 (USD MILLION)
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC: NON-FUNGIBLE TOKENS MARKET DRIVERS
FIGURE 18 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 35 ASIA PACIFIC: NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 36 ASIA PACIFIC: NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2022–2027 (USD MILLION)
TABLE 37 ASIA PACIFIC: NON-FUNGIBLE TOKENS MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 38 ASIA PACIFIC: NON-FUNGIBLE TOKENS MARKET, BY END USER, 2022–2027 (USD MILLION)
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 MARKET EVALUATION FRAMEWORK
FIGURE 19 NON-FUNGIBLE TOKENS MARKET EVALUATION FRAMEWORK
10.3 MARKET SHARE ANALYSIS OF TOP MARKET PLAYERS
TABLE 39 NON - FUNGIBLE TOKENS MARKET: DEGREE OF COMPETITION
TABLE 40 NON-FUNGIBLE TOKENS: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 41 NON-FUNGIBLE TOKENS: DEALS
10.4 RANKING OF KEY PLAYERS IN THE NFT MARKET
FIGURE 20 KEY PLAYERS RANKING, 2021
10.5 COMPANY EVALUATION MATRIX AND COMPETITIVE LEADERSHIP MAPPING
10.5.1 COMPANY EVALUATION MATRIX DEFINITIONS AND METHODOLOGY
TABLE 42 EVALUATION CRITERIA
10.5.2 STARS
10.5.3 EMERGING LEADERS
10.5.4 PERVASIVE PLAYERS
10.5.5 PARTICIPANTS
FIGURE 21 NON-FUNGIBLE TOKENS MARKET (GLOBAL), COMPETITIVE LEADERSHIP MAPPING OF KEY PLAYERS, 2022
10.6 COMPETITIVE BENCHMARKING FOR STARTUPS
TABLE 43 NON - FUNGIBLE TOKENS: LIST OF STARTUPS/SMES
TABLE 44 NON - FUNGIBLE TOKENS: COMPETITIVE BENCHMARKING OF STARTUPS/SMES
11 COMPANY PROFILES
11.1 KEY PLAYERS
(Business Overview, Products, Solutions & Services, Recent Developments, MnM View)*
11.1.1 CLOUDFLARE
TABLE 45 CLOUDFLARE: BUSINESS OVERVIEW
FIGURE 22 CLOUDFLARE: COMPANY SNAPSHOT
TABLE 46 CLOUDFLARE: SOLUTIONS OFFERED
TABLE 47 CLOUDFLARE: PRODUCT LAUNCHES
11.1.2 GEMINI TRUST
TABLE 48 GEMINI TRUST: BUSINESS OVERVIEW
TABLE 49 GEMINI TRUST: SOLUTIONS OFFERED
TABLE 50 GEMINI TRUST: PRODUCT LAUNCHES
TABLE 51 GEMINI TRUST: DEALS
11.1.3 OPENSEA
TABLE 52 OPENSEA: BUSINESS OVERVIEW
TABLE 53 OPENSEA: SOLUTIONS OFFERED
TABLE 54 OPENSEA: PRODUCT LAUNCHES
TABLE 55 OPENSEA: DEALS
11.1.4 DAPPER LABS
TABLE 56 DAPPER LABS: BUSINESS OVERVIEW
TABLE 57 DAPPER LABS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 58 DAPPER LABS: PRODUCT LAUNCHES
TABLE 59 DAPPER LABS: DEALS
11.1.5 SEMIDOT INFOTECH
TABLE 60 SEMIDOT INFOTECH: BUSINESS OVERVIEW
TABLE 61 SEMIDOT INFOTECH: SOLUTIONS OFFERED
11.1.6 THE SANDBOX
TABLE 62 THE SANDBOX: BUSINESS OVERVIEW
TABLE 63 THE SANDBOX: SOLUTIONS OFFERED
TABLE 64 THE SANDBOX: PRODUCT LAUNCHES
TABLE 65 THE SANDBOX: DEALS
11.2 OTHER PLAYERS
11.2.1 AXIE INFINITY
11.2.2 RARIBLE
11.2.3 ART BLOCKS
11.2.4 FOUNDATION
11.2.5 SUPERRARE
11.2.6 MINTBASE
11.2.7 LARVA LABS
11.2.8 APPDUPE
11.2.9 CRYPTOKITTIES
11.2.10 SORARE
11.2.11 YELLOWHEART
11.2.12 ONCHAIN LABS
11.2.13 SOLANART
11.2.14 GALA GAMES
*Details on Business Overview, Products, Solutions, & Services, Recent Developments, MnM View might not be captured in case of unlisted companies.
12 ADJACENT/RELATED MARKETS
12.1 INTRODUCTION
12.2 BLOCKCHAIN MARKET
12.2.1 MARKET DEFINITION
TABLE 66 BLOCKCHAIN MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 67 COMPONENT: BLOCKCHAIN MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 68 BLOCKCHAIN MARKET SIZE, BY PROVIDER, 2018–2025 (USD MILLION)
TABLE 69 PROVIDERS: BLOCKCHAIN MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 70 BLOCKCHAIN MARKET SIZE, BY APPLICATION AREA, 2018–2025 (USD MILLION)
TABLE 71 APPLICATION: BLOCKCHAIN MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 72 BLOCKCHAIN MARKET SIZE BY REGION, 2018–2025 (USD BILLION)
12.3 CRYPTOASSET MANAGEMENT MARKET
12.3.1 MARKET DEFINITION
TABLE 73 POST-COVID-19: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY SOLUTION, 2018–2026 (USD MILLION)
TABLE 74 SOLUTION: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
TABLE 75 CUSTODIAN SOLUTION: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
TABLE 76 WALLET MANAGEMENT: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
TABLE 77 POST-COVID-19: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY END USER, 2018–2026 (USD MILLION)
TABLE 78 END USER: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
TABLE 79 INDIVIDUAL USER: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
TABLE 80 ENTERPRISE: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
TABLE 81 POST-COVID-19: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY ENTERPRISE VERTICAL, 2018–2026 (USD THOUSAND)
TABLE 82 POST-COVID-19: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE,2018–2022
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 NON-FUNGIBLE TOKENS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakup of primary profiles
2.1.2.2 Key industry insights
2.2 MARKET BREAKUP AND DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
2.4 MARKET FORECAST
TABLE 2 FACTOR ANALYSIS
2.5 ASSUMPTIONS
2.6 LIMITATIONS
3 EXECUTIVE SUMMARY
TABLE 3 NON-FUNGIBLE TOKENS MARKET SIZE AND GROWTH, 2018–2020 (USD MILLION, Y-O-Y %)
TABLE 4 NON-FUNGIBLE TOKENS MARKET SIZE AND GROWTH, 2022–2027 (USD MILLION, Y-O-Y %)
FIGURE 2 NON-FUNGIBLE TOKENS MARKET TO GROW MODERATELY FROM 2022 TO 2027 DUE TO THE COVID-19 PANDEMIC
FIGURE 3 NORTH AMERICA TO ACCOUNT FOR THE LARGEST MARKET SHARE IN 2022
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN THE NON-FUNGIBLE TOKENS MARKET
FIGURE 4 INCREASED INFLUENCE OF CELEBRITIES FOR NFT ADOPTION AND RISE IN DIGITAL ARTWORKS TO DRIVE THE NFT MARKET GROWTH
4.2 NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2022–2027
FIGURE 5 NFT PLATFORM-MARKETPLACE SEGMENT TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
4.3 NON-FUNGIBLE TOKENS MARKET, BY END USER, 2022–2027
FIGURE 6 MEDIA AND ENTERTAINMENT SEGMENT TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
4.4 NON-FUNGIBLE TOKENS MARKET, BY REGION, 2022–2027
FIGURE 7 AMERICAS SEGMENT TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
4.5 MARKET INVESTMENT SCENARIO
FIGURE 8 ASIA PACIFIC TO EMERGE AS THE BEST MARKET FOR INVESTMENTS IN THE NEXT FIVE YEARS
5 MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 9 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: NON-FUNGIBLE TOKENS MARKET
5.2.1 DRIVERS
5.2.1.1 Increasing influence of celebrities to fuel momentum of NFT adoption
5.2.1.2 Revolutionizing gaming industry
5.2.1.3 Slow but continuing rise in demand for digital artworks
5.2.2 RESTRAINTS
5.2.2.1 Issues with copyright protection
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing use cases of NFT in supply chain management, retail, and fashion
5.2.3.2 Efforts of industry giants toward making metaverse a reality
5.2.3.3 Personalization of NFT
5.2.4 CHALLENGES
5.2.4.1 High and hidden fees
5.2.4.2 Lack of legal representation, absence of compliance, and regulations for NFT
5.3 VALUE CHAIN
FIGURE 10 VALUE CHAIN OF NON-FUNGIBLE TOKENS MARKET
5.4 ECOSYSTEM: NON-FUNGIBLE TOKENS
5.5 TECHNOLOGY ANALYSIS
5.5.1 BLOCKCHAIN
5.5.2 CRYPTOCURRENCY
5.6 PATENT ANALYSIS
FIGURE 11 NON-FUNGIBLE TOKENS MARKET: PATENT ANALYSIS
5.7 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
FIGURE 12 NON-FUNGIBLE TOKENS MARKET: TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
5.8 PORTER’S FIVE FORCES ANALYSIS
FIGURE 13 PORTER’S FIVE FORCES MODEL FOR THE NON-FUNGIBLE TOKENS MARKET
TABLE 5 PORTER'S FIVE FORCES ANALYSIS IMPACT ON THE NON-FUNGIBLE TOKENS MARKET
5.8.1 THREAT OF NEW ENTRANTS
5.8.2 THREAT OF SUBSTITUTES
5.8.3 BARGAINING POWER OF SUPPLIERS
5.8.4 BARGAINING POWER OF BUYERS
5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 TARIFF AND REGULATORY LANDSCAPE
5.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 6 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 EUROPE AND MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.9.2 GENERAL DATA PROTECTION REGULATION
5.9.3 PAYMENT CARD INDUSTRY-DATA SECURITY STANDARD (PCI-DSS)
5.9.4 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT
5.10 USE CASES
5.10.1 USE CASES: IDENTIFICATION, CERTIFICATION, AND DOCUMENTATION
5.10.2 USE CASES: REAL ESTATE
5.10.3 USE CASES: EVENT TICKETING
5.11 KEY CONFERENCES AND EVENTS IN 2022–2023
TABLE 8 NON-FUNGIBLE TOKENS MARKET: LIST OF CONFERENCES AND EVENTS
6 NON FUNGIBLE TOKENS - MARKET TRENDS
6.1 METAVERSE
6.2 PLAY TO EARN (P2E)
7 NON-FUNGIBLE TOKENS MARKET, BY OFFERING
7.1 INTRODUCTION
FIGURE 14 NFT PLATFORM - MARKETPLACE SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 9 NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 10 NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2022–2027 (USD MILLION)
7.2 BUSINESS STRATEGY FORMULATION
7.2.1 BUSINESS STRATEGY FORMULATION: NON-FUNGIBLE TOKENS MARKET DRIVERS
TABLE 11 NON-FUNGIBLE TOKENS MARKET: BUSINESS STRATEGY FORMULATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 12 NON-FUNGIBLE TOKENS MARKET: BUSINESS STRATEGY FORMULATION, BY REGION, 2022–2027 (USD MILLION)
7.3 NFT CREATION AND MANAGEMENT
7.3.1 NFT CREATION AND MANAGEMENT: NON-FUNGIBLE TOKENS MARKET DRIVERS
TABLE 13 NON-FUNGIBLE TOKENS MARKET: NFT CREATION AND MANAGEMENT, BY REGION, BY REGION, 2018–2021 (USD MILLION)
TABLE 14 NON-FUNGIBLE TOKENS MARKET: NFT CREATION AND MANAGEMENT, BY REGION, 2022–2027 (USD MILLION)
7.4 NFT PLATFORM - MARKETPLACE
7.4.1 NFT PLATFORM - MARKETPLACE: NON-FUNGIBLE TOKENS MARKET DRIVERS
TABLE 15 NON-FUNGIBLE TOKENS MARKET: NFT PLATFORM-MARKETPLACE, BY REGION, BY REGION, 2018–2021 (USD MILLION)
TABLE 16 NON-FUNGIBLE TOKENS MARKET: NFT PLATFORM-MARKETPLACE, BY REGION, 2022–2027 (USD MILLION)
8 NON-FUNGIBLE TOKENS MARKET, BY END USER
8.1 INTRODUCTION
FIGURE 15 OTHER END USERS SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 17 NON-FUNGIBLE TOKENS MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 18 NON-FUNGIBLE TOKENS MARKET, BY END USER, 2022–2027 (USD MILLION)
8.2 MEDIA AND ENTERTAINMENT
8.2.1 MEDIA AND ENTERTAINMENT: NON-FUNGIBLE TOKENS MARKET DRIVERS
TABLE 19 NON-FUNGIBLE TOKENS MARKET: MEDIA AND ENTERTAINMENT, BY REGION, 2018–2021 (USD MILLION)
TABLE 20 NON-FUNGIBLE TOKENS MARKET: MEDIA AND ENTERTAINMENT, BY REGION, 2022–2027 (USD MILLION)
8.3 ONLINE GAMING & RELATED COLLECTIBLES
8.3.1 ONLINE GAMING & RELATED COLLECTIBLES: NON-FUNGIBLE TOKENS MARKET DRIVERS
TABLE 21 NON-FUNGIBLE TOKENS MARKET: GAMING AND RELATED COLLECTIBLES, BY REGION, 2018–2021 (USD MILLION)
TABLE 22 NON-FUNGIBLE TOKENS MARKET: GAMING AND RELATED COLLECTIBLES, BY REGION, 2022–2027 (USD MILLION)
8.4 OTHER END USERS
TABLE 23 NON-FUNGIBLE TOKENS MARKET: OTHER END USERS, BY REGION, 2018–2021 (USD MILLION)
TABLE 24 NON-FUNGIBLE TOKENS MARKET: OTHER END USERS, BY REGION, 2022–2027 (USD MILLION)
9 NON-FUNGIBLE TOKENS MARKET, BY REGION
9.1 INTRODUCTION
FIGURE 16 ASIA PACIFIC TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 25 NON-FUNGIBLE TOKENS MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 26 NON-FUNGIBLE TOKENS MARKET, BY REGION, 2022–2027 (USD MILLION)
9.2 AMERICAS
9.2.1 AMERICAS: NON-FUNGIBLE TOKENS MARKET DRIVERS
FIGURE 17 AMERICAS: MARKET SNAPSHOT
TABLE 27 AMERICAS: NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 28 AMERICAS: NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2022–2027 (USD MILLION)
TABLE 29 AMERICAS: NON-FUNGIBLE TOKENS MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 30 AMERICAS: NON-FUNGIBLE TOKENS MARKET, BY END USER, 2022–2027 (USD MILLION)
9.3 EUROPE, MIDDLE EAST & AFRICA
9.3.1 EUROPE, MIDDLE EAST & AFRICA: NON-FUNGIBLE TOKENS MARKET DRIVERS
TABLE 31 EUROPE, MIDDLE EAST & AFRICA: NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 32 EUROPE, MIDDLE EAST & AFRICA: NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2022–2027 (USD MILLION)
TABLE 33 EUROPE, MIDDLE EAST & AFRICA: NON-FUNGIBLE TOKENS MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 34 EUROPE, MIDDLE EAST & AFRICA: NON-FUNGIBLE TOKENS MARKET, BY END USER, 2022–2027 (USD MILLION)
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC: NON-FUNGIBLE TOKENS MARKET DRIVERS
FIGURE 18 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 35 ASIA PACIFIC: NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2018–2021 (USD MILLION)
TABLE 36 ASIA PACIFIC: NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2022–2027 (USD MILLION)
TABLE 37 ASIA PACIFIC: NON-FUNGIBLE TOKENS MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 38 ASIA PACIFIC: NON-FUNGIBLE TOKENS MARKET, BY END USER, 2022–2027 (USD MILLION)
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 MARKET EVALUATION FRAMEWORK
FIGURE 19 NON-FUNGIBLE TOKENS MARKET EVALUATION FRAMEWORK
10.3 MARKET SHARE ANALYSIS OF TOP MARKET PLAYERS
TABLE 39 NON - FUNGIBLE TOKENS MARKET: DEGREE OF COMPETITION
TABLE 40 NON-FUNGIBLE TOKENS: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 41 NON-FUNGIBLE TOKENS: DEALS
10.4 RANKING OF KEY PLAYERS IN THE NFT MARKET
FIGURE 20 KEY PLAYERS RANKING, 2021
10.5 COMPANY EVALUATION MATRIX AND COMPETITIVE LEADERSHIP MAPPING
10.5.1 COMPANY EVALUATION MATRIX DEFINITIONS AND METHODOLOGY
TABLE 42 EVALUATION CRITERIA
10.5.2 STARS
10.5.3 EMERGING LEADERS
10.5.4 PERVASIVE PLAYERS
10.5.5 PARTICIPANTS
FIGURE 21 NON-FUNGIBLE TOKENS MARKET (GLOBAL), COMPETITIVE LEADERSHIP MAPPING OF KEY PLAYERS, 2022
10.6 COMPETITIVE BENCHMARKING FOR STARTUPS
TABLE 43 NON - FUNGIBLE TOKENS: LIST OF STARTUPS/SMES
TABLE 44 NON - FUNGIBLE TOKENS: COMPETITIVE BENCHMARKING OF STARTUPS/SMES
11 COMPANY PROFILES
11.1 KEY PLAYERS
(Business Overview, Products, Solutions & Services, Recent Developments, MnM View)*
11.1.1 CLOUDFLARE
TABLE 45 CLOUDFLARE: BUSINESS OVERVIEW
FIGURE 22 CLOUDFLARE: COMPANY SNAPSHOT
TABLE 46 CLOUDFLARE: SOLUTIONS OFFERED
TABLE 47 CLOUDFLARE: PRODUCT LAUNCHES
11.1.2 GEMINI TRUST
TABLE 48 GEMINI TRUST: BUSINESS OVERVIEW
TABLE 49 GEMINI TRUST: SOLUTIONS OFFERED
TABLE 50 GEMINI TRUST: PRODUCT LAUNCHES
TABLE 51 GEMINI TRUST: DEALS
11.1.3 OPENSEA
TABLE 52 OPENSEA: BUSINESS OVERVIEW
TABLE 53 OPENSEA: SOLUTIONS OFFERED
TABLE 54 OPENSEA: PRODUCT LAUNCHES
TABLE 55 OPENSEA: DEALS
11.1.4 DAPPER LABS
TABLE 56 DAPPER LABS: BUSINESS OVERVIEW
TABLE 57 DAPPER LABS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 58 DAPPER LABS: PRODUCT LAUNCHES
TABLE 59 DAPPER LABS: DEALS
11.1.5 SEMIDOT INFOTECH
TABLE 60 SEMIDOT INFOTECH: BUSINESS OVERVIEW
TABLE 61 SEMIDOT INFOTECH: SOLUTIONS OFFERED
11.1.6 THE SANDBOX
TABLE 62 THE SANDBOX: BUSINESS OVERVIEW
TABLE 63 THE SANDBOX: SOLUTIONS OFFERED
TABLE 64 THE SANDBOX: PRODUCT LAUNCHES
TABLE 65 THE SANDBOX: DEALS
11.2 OTHER PLAYERS
11.2.1 AXIE INFINITY
11.2.2 RARIBLE
11.2.3 ART BLOCKS
11.2.4 FOUNDATION
11.2.5 SUPERRARE
11.2.6 MINTBASE
11.2.7 LARVA LABS
11.2.8 APPDUPE
11.2.9 CRYPTOKITTIES
11.2.10 SORARE
11.2.11 YELLOWHEART
11.2.12 ONCHAIN LABS
11.2.13 SOLANART
11.2.14 GALA GAMES
*Details on Business Overview, Products, Solutions, & Services, Recent Developments, MnM View might not be captured in case of unlisted companies.
12 ADJACENT/RELATED MARKETS
12.1 INTRODUCTION
12.2 BLOCKCHAIN MARKET
12.2.1 MARKET DEFINITION
TABLE 66 BLOCKCHAIN MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 67 COMPONENT: BLOCKCHAIN MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 68 BLOCKCHAIN MARKET SIZE, BY PROVIDER, 2018–2025 (USD MILLION)
TABLE 69 PROVIDERS: BLOCKCHAIN MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 70 BLOCKCHAIN MARKET SIZE, BY APPLICATION AREA, 2018–2025 (USD MILLION)
TABLE 71 APPLICATION: BLOCKCHAIN MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 72 BLOCKCHAIN MARKET SIZE BY REGION, 2018–2025 (USD BILLION)
12.3 CRYPTOASSET MANAGEMENT MARKET
12.3.1 MARKET DEFINITION
TABLE 73 POST-COVID-19: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY SOLUTION, 2018–2026 (USD MILLION)
TABLE 74 SOLUTION: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
TABLE 75 CUSTODIAN SOLUTION: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
TABLE 76 WALLET MANAGEMENT: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
TABLE 77 POST-COVID-19: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY END USER, 2018–2026 (USD MILLION)
TABLE 78 END USER: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
TABLE 79 INDIVIDUAL USER: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
TABLE 80 ENTERPRISE: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
TABLE 81 POST-COVID-19: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY ENTERPRISE VERTICAL, 2018–2026 (USD THOUSAND)
TABLE 82 POST-COVID-19: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
