Global Non-fungible Token (NFT) Market 2023-2027

Description

List of Tables

Technavio has been monitoring the non-fungible token (NFT) market and it is poised to grow by $113,933.5 mn during 2023-2027, accelerating at a CAGR of 35.02% during the forecast period. Our report on the non-fungible token (nft) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

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 increasing demand for digital art, growing investments in digital assets, and security and ownership of digital assets.

Technavio's non-fungible token (NFT) market is segmented as below:

By Application

Collectibles
Sports
Arts
Others

By End-user

Personal
Commercial

By Geographical Landscape

APAC
North America
South America
Europe
Middle East and Africa

This study identifies the growing number of big brands entering the market as one of the prime reasons driving the non-fungible token (NFT) market growth during the next few years. Also, the emergence of fractionalized NFTs and the growing number of strategic initiatives in the NFT market will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the non-fungible token (NFT) market covers the following areas:

Non-fungible token (NFT) market sizing
Non-fungible token (NFT) market forecast
Non-fungible token (NFT) market industry analysis

Technavio's 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 (NFT) market vendors that include Binance Services Holdings Ltd., Cloudflare Inc, Dapper Labs Inc., Decentraland, Enjin Pte. Ltd., Foundation Labs Inc., FTX Trading Ltd., Funko Inc., Gala Games, 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 includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR73238

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global non-fungible token (NFT) market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global non-fungible token (NFT) market 2017 - 2021 ($ million)
4.2 Geography Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.3 End-user Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - End-user Segment 2017 - 2021 ($ million)
4.4 Application Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Application Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Collectibles - Market size and forecast 2022-2027
Exhibit 34: Chart on Collectibles - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Collectibles - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Collectibles - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Collectibles - Year-over-year growth 2022-2027 (%)
6.4 Sports - Market size and forecast 2022-2027
Exhibit 38: Chart on Sports - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Sports - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Sports - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Sports - Year-over-year growth 2022-2027 (%)
6.5 Arts - Market size and forecast 2022-2027
Exhibit 42: Chart on Arts - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Arts - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Arts - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Arts - Year-over-year growth 2022-2027 (%)
6.6 Others - Market size and forecast 2022-2027
Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
6.7 Market opportunity by Application
Exhibit 50: Market opportunity by Application ($ million)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 51: Chart on End-user - Market share 2022-2027 (%)
Exhibit 52: Data Table on End-user - Market share 2022-2027 (%)
7.2 Comparison by End-user
Exhibit 53: Chart on Comparison by End-user
Exhibit 54: Data Table on Comparison by End-user
7.3 Personal - Market size and forecast 2022-2027
Exhibit 55: Chart on Personal - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Personal - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Personal - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Personal - Year-over-year growth 2022-2027 (%)
7.4 Commercial - Market size and forecast 2022-2027
Exhibit 59: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Commercial - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by End-user
Exhibit 63: Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 65: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 66: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 67: Chart on Geographic comparison
Exhibit 68: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027
Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 South America - Market size and forecast 2022-2027
Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.6 Europe - Market size and forecast 2022-2027
Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Thailand - Market size and forecast 2022-2027
Exhibit 93: Chart on Thailand - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on Thailand - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on Thailand - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Thailand - Year-over-year growth 2022-2027 (%)
9.10 Brazil - Market size and forecast 2022-2027
Exhibit 97: Chart on Brazil - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Brazil - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Brazil - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Brazil - Year-over-year growth 2022-2027 (%)
9.11 China - Market size and forecast 2022-2027
Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
9.12 Canada - Market size and forecast 2022-2027
Exhibit 105: Chart on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on Canada - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 109: Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 110: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 112: Overview on factors of disruption
11.4 Industry risks
Exhibit 113: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 114: Vendors covered
12.2 Market positioning of vendors
Exhibit 115: Matrix on vendor position and classification
12.3 Binance Services Holdings Ltd.
Exhibit 116: Binance Services Holdings Ltd. - Overview
Exhibit 117: Binance Services Holdings Ltd. - Product / Service
Exhibit 118: Binance Services Holdings Ltd. - Key offerings
12.4 Dapper Labs Inc.
Exhibit 119: Dapper Labs Inc. - Overview
Exhibit 120: Dapper Labs Inc. - Product / Service
Exhibit 121: Dapper Labs Inc. - Key offerings
12.5 Decentraland
Exhibit 122: Decentraland - Overview
Exhibit 123: Decentraland - Product / Service
Exhibit 124: Decentraland - Key offerings
12.6 Enjin Pte. Ltd.
Exhibit 125: Enjin Pte. Ltd. - Overview
Exhibit 126: Enjin Pte. Ltd. - Product / Service
Exhibit 127: Enjin Pte. Ltd. - Key offerings
12.7 Foundation Labs Inc.
Exhibit 128: Foundation Labs Inc. - Overview
Exhibit 129: Foundation Labs Inc. - Product / Service
Exhibit 130: Foundation Labs Inc. - Key offerings
12.8 FTX Trading Ltd.
Exhibit 131: FTX Trading Ltd. - Overview
Exhibit 132: FTX Trading Ltd. - Product / Service
Exhibit 133: FTX Trading Ltd. - Key offerings
12.9 Funko Inc.
Exhibit 134: Funko Inc. - Overview
Exhibit 135: Funko Inc. - Product / Service
Exhibit 136: Funko Inc. - Key news
Exhibit 137: Funko Inc. - Key offerings
12.10 Gala Games
Exhibit 138: Gala Games - Overview
Exhibit 139: Gala Games - Product / Service
Exhibit 140: Gala Games - Key offerings
12.11 Gemini Trust Co. LLC
Exhibit 141: Gemini Trust Co. LLC - Overview
Exhibit 142: Gemini Trust Co. LLC - Product / Service
Exhibit 143: Gemini Trust Co. LLC - Key news
Exhibit 144: Gemini Trust Co. LLC - Key offerings
12.12 Mintable.app
Exhibit 145: Mintable.app - Overview
Exhibit 146: Mintable.app - Product / Service
Exhibit 147: Mintable.app - Key offerings
12.13 Mobox Digital Co. Ltd.
Exhibit 148: Mobox Digital Co. Ltd. - Overview
Exhibit 149: Mobox Digital Co. Ltd. - Product / Service
Exhibit 150: Mobox Digital Co. Ltd. - Key offerings
12.14 Onchain Labs Inc.
Exhibit 151: Onchain Labs Inc. - Overview
Exhibit 152: Onchain Labs Inc. - Product / Service
Exhibit 153: Onchain Labs Inc. - Key offerings
12.15 OpenSea
Exhibit 154: OpenSea - Overview
Exhibit 155: OpenSea - Product / Service
Exhibit 156: OpenSea - Key offerings
12.16 Rarible Inc.
Exhibit 157: Rarible Inc. - Overview
Exhibit 158: Rarible Inc. - Product / Service
Exhibit 159: Rarible Inc. - Key offerings
12.17 Sorare
Exhibit 160: Sorare - Overview
Exhibit 161: Sorare - Product / Service
Exhibit 162: Sorare - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 163: Inclusions checklist
Exhibit 164: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 165: Currency conversion rates for US$
13.4 Research methodology
Exhibit 166: Research methodology
Exhibit 167: Validation techniques employed for market sizing
Exhibit 168: Information sources
13.5 List of abbreviations
Exhibit 169: List of abbreviations