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Global Digital Artwork Market Size study & Forecast, by Type (Digital Collage, Digital Paintings, Digital Photographs, GIF Art, Generative Art, Others), By Medium (2D, 3D, Video, AR, VR, Others), by Sales Channel (Online, Offline), by End-user (Commercial, Personal, Others), and Regional Analysis, 2023-2030

March 2024 | 200 pages | ID: G609AF767D78EN
Bizwit Research & Consulting LLP

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Global Digital Artwork Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Digital artwork encompasses creations produced and showcased in digital formats using technological tools. This category spans digital paintings, drawings, illustrations, animations, and various other genres crafted on electronic devices. Market expansion is fueled by increasing mainstream interest in digital art, coupled with advancements in technologies such as AI, ML, AR/VR, and the emergence of NFTs. The market growth is driven by key factors such as increasing popularity of digital platforms, rising adoption of NFTs, growth of online art platforms and communities.

Non-fungible tokens (NFTs) have emerged as a transformative element in the digital artwork market. These distinct digital certificates, backed by blockchain technology, validate ownership of individual digital art pieces. NFTs have revolutionized ownership and monetization in the digital domain, empowering artists to tokenize their creations and engage with a novel economic framework. This innovation heralds a significant change, establishing a clear connection between the value of digital art and its rarity and origin. As per Statista, Between April 2021 and February 2024, the total value of non-fungible token (NFT) sales in the art segment exhibited considerable fluctuations. On April 15, 2021, NFT sales across Ethereum, Ronin, and Flow blockchains for the preceding 30 days amounted to approximately USD 78 million. Subsequently, sales peaked at nearly $881 million on September 15, 2021, followed by a gradual decline. As of February 15, 2024, aggregated sales value over a 30-day period stood at around USD 8.5 million. However, lack of proper regulations and standards, and constraints related to traditional art industry acceptance stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Digital Artwork Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.

North America is anticipated to dominate the digital artwork market throughout the forecast period, capturing over XX% of the market share in 2022. This growth is fueled by the region's abundance of esteemed museums, art galleries, auction houses, and art fairs, as well as a vibrant community of digital artists. Meanwhile, the Asia Pacific market is poised to emerge as the fastest-growing market for digital artwork, with a projected CAGR exceeding XX% during the forecast period. This expansion in Asia Pacific is driven by the burgeoning middle-class population, accompanied by rising disposable incomes and a growing interest in digital art collection.

Major market player included in this report are:

ArtStation

Adobe Inc.

Art.sy Inc

Behance (owned by Adobe)

DeviantArt Inc. (owned by Wix)

Foundation

Mintable

OpenSea

Rarible Inc.

Redbubble

Recent Developments in the Market:
  • In August 2023, Adidas Studio, also recognized as Three Stripes Studio, announced the global launch of 'Residency by Adidas,' a digital artist residency initiative. This program, initiated by the esteemed streetwear brand, aims to spotlight artists from diverse backgrounds worldwide.
  • In November 2022, DeviantArt introduced DeviantArt Protect, employing blockchain-based digital signatures to safeguard artists' NFT artworks. This initiative serves to prevent unauthorized use, while also establishing ownership and authenticity. DeviantArt, a community-driven platform, facilitates the publication of original art, collaboration among members, and integration with various social networks to promote artistic content. Operating within the media & entertainment market segments, DeviantArt generates revenue through display advertisements and paid subscriptions.
  • In Ju
    e 2022, Nifty Gateway collaborated with Warner Bros. Consumer Products to launch official DC-branded NFT collectibles, enabling fans to own authenticated digital DC artwork. Nifty Gateway, a digital art online auction platform specializing in non-fungible tokens (NFTs), focuses on high-quality digital art and curated collections. Through partnerships with renowned artists, the platform regularly offers limited-edition collections. Nifty Gateway provides a custodial option, ensuring the secure storage of digital assets as a trusted third party. Revenue is generated through transaction fees, and the platform has established a partnership with the prestigious auction house Sotheby's.
Global Digital Artwork Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Type, Medium, Sales Channel, End-use, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Digital Collage

Digital Paintings

Digital Photographs

GIF Art

Generative Art

Others

By Medium:

2D

3D

Video

AR

VR

Others

By Sales Channel:

Online

Offline

By End-use:

Commercial

Personal

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Digital Artwork Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Digital Artwork Market, by Type, 2020-2030 (USD Billion)
  1.2.3. Digital Artwork Market, by Medium, 2020-2030 (USD Billion)
  1.2.4. Digital Artwork Market, by Sales Channel, 2020-2030 (USD Billion)
  1.2.5. Digital Artwork Market, by End-user, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL DIGITAL ARTWORK MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL DIGITAL ARTWORK MARKET DYNAMICS

3.1. Digital Artwork Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing popularity of digital platforms
    3.1.1.2. Rising adoption of NFTs
    3.1.1.3. Growth of online art platforms and communities
  3.1.2. Market Challenges
    3.1.2.1. Lack of proper regulations and standards
    3.1.2.2. Constraints related to traditional art industry acceptance
  3.1.3. Market Opportunities
    3.1.3.1. Advancements in technologies like AI, ML, AR/VR
    3.1.3.2. Growth of Online Art Platforms

CHAPTER 4. GLOBAL DIGITAL ARTWORK MARKET: INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economic
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL DIGITAL ARTWORK MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Digital Artwork Market by Type, Performance - Potential Analysis
5.3. Global Digital Artwork Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Digital Artwork Market, Sub Segment Analysis
  5.4.1. Digital Collage
  5.4.2. Digital Paintings
  5.4.3. Digital Photographs
  5.4.4. GIF Art
  5.4.5. Generative Art
  5.4.6. Others

CHAPTER 6. GLOBAL DIGITAL ARTWORK MARKET, BY MEDIUM

6.1. Market Snapshot
6.2. Global Digital Artwork Market by Medium, Performance - Potential Analysis
6.3. Global Digital Artwork Market Estimates & Forecasts by Medium 2020-2030 (USD Billion)
6.4. Digital Artwork Market, Sub Segment Analysis
  6.4.1. 2D
  6.4.2. 3D
  6.4.3. Video
  6.4.4. AR
  6.4.5. VR
  6.4.6. Others

CHAPTER 7. GLOBAL DIGITAL ARTWORK MARKET, BY SALES CHANNEL

7.1. Market Snapshot
7.2. Global Digital Artwork Market by Sales Channel, Performance - Potential Analysis
7.3. Global Digital Artwork Market Estimates & Forecasts by Sales Channel 2020-2030 (USD Billion)
7.4. Digital Artwork Market, Sub Segment Analysis
  7.4.1. Online
  7.4.2. Offline

CHAPTER 8. GLOBAL DIGITAL ARTWORK MARKET, BY END-USER

8.1. Market Snapshot
8.2. Global Digital Artwork Market by End-user, Performance - Potential Analysis
8.3. Global Digital Artwork Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
8.4. Digital Artwork Market, Sub Segment Analysis
  8.4.1. Commercial
  8.4.2. Personal
  8.4.3. Others

CHAPTER 9. GLOBAL DIGITAL ARTWORK MARKET, REGIONAL ANALYSIS

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Digital Artwork Market, Regional Market Snapshot
9.4. North America Digital Artwork Market
  9.4.1. U.S. Digital Artwork Market
    9.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    9.4.1.2. Medium breakdown estimates & forecasts, 2020-2030
    9.4.1.3. Sales Channel breakdown estimates & forecasts, 2020-2030
    9.4.1.4. End-user breakdown estimates & forecasts, 2020-2030
  9.4.2. Canada Digital Artwork Market
9.5. Europe Digital Artwork Market Snapshot
  9.5.1. U.K. Digital Artwork Market
  9.5.2. Germany Digital Artwork Market
  9.5.3. France Digital Artwork Market
  9.5.4. Spain Digital Artwork Market
  9.5.5. Italy Digital Artwork Market
  9.5.6. Rest of Europe Digital Artwork Market
9.6. Asia-Pacific Digital Artwork Market Snapshot
  9.6.1. China Digital Artwork Market
  9.6.2. India Digital Artwork Market
  9.6.3. Japan Digital Artwork Market
  9.6.4. Australia Digital Artwork Market
  9.6.5. South Korea Digital Artwork Market
  9.6.6. Rest of Asia Pacific Digital Artwork Market
9.7. Latin America Digital Artwork Market Snapshot
  9.7.1. Brazil Digital Artwork Market
  9.7.2. Mexico Digital Artwork Market
9.8. Middle East & Africa Digital Artwork Market
  9.8.1. Saudi Arabia Digital Artwork Market
  9.8.2. South Africa Digital Artwork Market
  9.8.3. Rest of Middle East & Africa Digital Artwork Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. ArtStation
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Recent Developments
  10.3.2. Adobe Inc.
  10.3.3. Artsy
  10.3.4. Behance (owned by Adobe)
  10.3.5. DeviantArt (owned by Wix)
  10.3.6. Foundation
  10.3.7. Mintable
  10.3.8. OpenSea
  10.3.9. Rarible
  10.3.10. Redbubble

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Digital Artwork Market, report scope
TABLE 2. Global Digital Artwork Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Digital Artwork Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Digital Artwork Market estimates & forecasts by Medium 2020-2030 (USD Billion)
TABLE 5. Global Digital Artwork Market estimates & forecasts by Sales Channel 2020-2030 (USD Billion)
TABLE 6. Global Digital Artwork Market estimates & forecasts by End-user 2020-2030 (USD Billion)
TABLE 7. Global Digital Artwork Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Digital Artwork Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Digital Artwork Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Digital Artwork Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Digital Artwork Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Digital Artwork Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Digital Artwork Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Digital Artwork Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Digital Artwork Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Digital Artwork Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Digital Artwork Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Digital Artwork Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Digital Artwork Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Digital Artwork Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Digital Artwork Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Digital Artwork Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Digital Artwork Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Digital Artwork Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Digital Artwork Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Digital Artwork Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Digital Artwork Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Digital Artwork Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Digital Artwork Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Digital Artwork Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Digital Artwork Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Digital Artwork Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Digital Artwork Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Digital Artwork Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Digital Artwork Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Digital Artwork Market
TABLE 72. List of primary sources, used in the study of global Digital Artwork Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Digital Artwork Market, research methodology
FIG 2. Global Digital Artwork Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Digital Artwork Market, key trends 2022
FIG 5. Global Digital Artwork Market, growth prospects 2023-2030
FIG 6. Global Digital Artwork Market, porters 5 force model
FIG 7. Global Digital Artwork Market, pest analysis
FIG 8. Global Digital Artwork Market, value chain analysis
FIG 9. Global Digital Artwork Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Digital Artwork Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Digital Artwork Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Digital Artwork Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Digital Artwork Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Digital Artwork Market, regional snapshot 2020 & 2030
FIG 15. North America Digital Artwork Market 2020 & 2030 (USD Billion)
FIG 16. Europe Digital Artwork Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Digital Artwork Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Digital Artwork Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Digital Artwork Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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