The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Non-Fungible Token Market Size, Growth Rate, And Forecast
The global non-fungible token market size grew from $21.48 billion in 2022 to $32.89 billion in 2023 at a compound annual growth rate (CAGR) of 53.1%. The non-fungible token market size is expected to grow from $0.7 billion in 2027 at a CAGR of -61.9%.
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Non-Fungible Token Market Drivers
The increasing demand for digital artwork is expected to propel the growth of the non-fungible tokens (NFT) market in the coming years. Artists value non-fungible tokens because they ensure the validity and uniqueness of the blockchain representation of their work.
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Non-Fungible Token Market Segments
• By Type: Art, Collectibles, Gaming, Metaverses, Sports, Utilities, Other Types
• By Market Type: Primary, Secondary
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the non-fungible token market.
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Non-Fungible Token Market Key Players
Major competitors in the non-fungible token market include SemiDot Infotech, Blockchain App Factory, Cinedigm, Funko, Takung Art, WISeKey, Oriental Culture Holding, and Liquid Media.
The Business Research Company’s “Global Non-Fungible Token Market Report 2023” is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market’s historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Non-Fungible Token Market Include:
1. Executive Summary
2. Non-Fungible Token Market Characteristics
3. Non-Fungible Token Market Trends And Strategies
4. Non-Fungible Token Market – Macro Economic Scenario
5. Non-Fungible Token Market Size And Growth
……
26. Africa Non-Fungible Token Market
27. Non-Fungible Token Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Non-Fungible Token Market
29. Non-Fungible Token Market Future Outlook And Potential Analysis
30. Appendix
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