PUBLISHER: Roots Analysis | PRODUCT CODE: 1752102
PUBLISHER: Roots Analysis | PRODUCT CODE: 1752102
As per Roots Analysis, the global NFT market size is estimated to grow from USD 37.6 billion in the current year to USD 820 billion by 2035, at a CAGR of 32.32% during the forecast period, till 2035.
The opportunity for NFT market has been distributed across the following segments:
Type of NFT
Type of Offering
Type of Platforms
End-Users
Type of Enterprise
Geographical Regions
According to Forbes, an astonishing USD 174 million has been invested in NFTs since 2017. In today's tech-centric life, everything has become fluid, and personal collections are no exception; the modern world has gravitated toward a new platform known as non-fungible tokens (NFTs). These tokens cover a range of services, including art, gaming items, musical tokens, and real estate. During the acquisition process, NFT tokens undergo a procedure referred to as minting. Additionally, the transaction is recorded on a blockchain, providing the buyer with a sense of authority and ownership over the specific item purchased.
Their rising popularity stems from features such as indivisibility, offering complete ownership, and a traceable history that reveals previous owners and the original source of the non-fungible token. Moreover, they provide high liquidity, bolstered by their growing fame. While most active users are individuals, significant luxury brands, beverage companies, media outlets, and creators are also taking note. Notably, in January 2025, Melania Trump, the former First Lady of America, introduced the $MELANIA meme coin, which achieved a market cap of USD 2.2 billion shortly after its debut.
In the fast-evolving technological landscape, these tokens have made a substantial impact on ticketing and merchandise. The NFT marketplace is becoming an essential element in the global transition towards innovation and digital transformation, aiming for heightened AI technological efficiency. The integration of AI in digital art and the straightforward application of blockchain technology in NFTs has been crucial in realizing its full potential, enhancing both authentication and creation processes. Interestingly, one notable benefit of NFTs includes democratized ownership of assets and new revenue streams through guaranteed royalties on secondary sales. Driven by these factors, the NFT market is expected to witness a significant growth during the forecast period.
Based on type of NFT, the global NFT market is segmented into digital assets and physical assets. According to our estimates, currently, digital assets segment captures the majority share of the market. This can be attributed to the strong interest in owning digital items among a substantial portion of the younger demographic worldwide. Further, the increasing popularity of digital platforms such as OpenSea and SuperRare is contributing to the growth of the digital non-fungible token industry.
However, the physical assets segment is anticipated to grow at a higher CAGR during the forecast period. This trend is driven by the rising interest in physical asset ownership, along with a notable demand for wall art and tangible merchandise globally.
Based on type of offering, the NFT market is segmented into arts, collectibles, gaming assets, music NFTs, real estate and others. According to our estimates, currently, collectibles segment captures the majority of the market and this trend is unlikely to change in future. However, the art segment is anticipated to grow at a higher CAGR during the forecast period, owing to the growing popularity of modern art, which is further enhancing investment opportunities in NFTs.
Based on type of platforms, the NFT market is segmented into dedicated NFT marketplace, online retailers, social media platforms and others. According to our estimates, currently, dedicated NFT marketplace captures the majority share of the market. Additionally, this segment is anticipated to experience a higher compound annual growth rate (CAGR) during the forecast period. This growth can be attributed to its user-friendly tools for buying and selling items, innovative features, and specialized services tailored for NFTs.
Based on end-users, the NFT market is segmented into collectors, influencers / creators, platform providers, players of NFT-driven games and others. According to our estimates, currently, the collectors segment capture the majority share of the market and this trend is unlikely to change in future.
Based on type of enterprise, the NFT market is segmented into large and small and medium enterprise. According to our estimates, currently, large enterprises segment captures the majority share of the market. Companies like OpenSea and SuperRare are attracting more active users, particularly through their art-related initiatives. Furthermore, this trend is expected to continue in the near future, as large enterprises are more inclined to create new features that assist buyers and sellers on their platforms.
Based on geographical regions, the NFT market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, Asia captures the majority share of the market. However, the market in North America is anticipated to grow at a relatively higher CAGR during the forecast period.
The report on the NFT market features insights on various sections, including: