Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Non-Fungible Token (NFT) Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international ABC Market. The research
study also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and world Non-Fungible Token (NFT) Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Non-Fungible
Token (NFT) Market is offered.
Market
Insights:
In accordance with the report, the Non-Fungible Token
(NFT) Market is projected to expand at a CAGR of X.X% over the period
of forecast. The global Non-Fungible
Token (NFT) Market was valued at USD XX.X Mn in 2021 and is expected to reach
USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast
period Non-fungible tokens or NFTs are cryptographic
assets on a blockchain with unique identification codes and metadata that
distinguish them from each other. Unlike cryptocurrencies, they cannot be
traded or exchanged at equivalency. This differs from fungible tokens like
cryptocurrencies, which are identical to each other and, therefore, can be used
as a medium for commercial transaction. Non-fungible token (NFT) assets have
seen significant demand since the beginning of 2021 and third quarter
statistics show that key indicators have continued to rise. If we are to
believe the current figures, the market is in a phase of dynamic and
unstoppable growth, with no shadows hiding in the corners. However, the reality
is a little different and we would like to be clear that indicators such as the
traded volume in USD or the number of trades are not the best metrics by which
to monitor the market as they only reveal the very tip of the iceberg.
Research
Methodology:
To compile
the detailed study of the global Non-Fungible
Token (NFT) market, a robust research methodology has been adopted
that aids in determining the key insights and also evaluates the growth
prospects of the Non-Fungible Token (NFT) Market.
Comprehensive and iterative research methodology focused on minimizing deviance
in order to provide the most accurate estimates and forecast possible. The
company utilizes a combination of bottom-up and top-down approaches for
segmenting and estimating quantitative aspects of the market. Our research
methodology implements a mix of primary as well as secondary research. Our
projects are initiated with secondary research, where we refer to a variety of
sources including trade databases; government published documents, investor
presentations, company annual reports, Industrial papers, and paid databases. To
carry out secondary research, the analysts have collected the information
through company annual reports, journals, company press releases, and paid
databases that were referred to gain and identify better opportunities in the Non-Fungible Token (NFT) Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Non-Fungible Token (NFT) market was affected negatively due to the
shutdown of manufacturing/processing facilities for some time. The analysts
have also focused on the key measures that the companies are opting to
withstand the harsh scenario.
Segment
Covered:
Non-Fungible Token (NFT) Market report has been segmented by product type and
application also includes the market size and forecast for all these segments.
Compounded annual growth rates for all segments have also been provided for
2021 to 2031. This report is a compilation of first-hand information, qualitative
and quantitative assessment by industry analysts, inputs from industry experts
and industry participants across the value chain.
Key Segments:
Non-Fungible Token (NFT) Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2019 to 2031, for the following segments:
Non-Fungible
Token (NFT) Market, By Product type, 2021-2031 (USD Million)
·
Art
·
Collections
·
Game
·
Insurance
·
Real
Estate
·
Automobile
·
Others
Non-Fungible
Token (NFT) Market, By Application, 2021-2031 (USD Million)
·
Personal
Use
·
Commercial
Use
Report
Highlights:
The prime objective of the Non-Fungible Token
(NFT) market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Non-Fungible
Token (NFT) Market, By Region, 2021-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Non-Fungible
Token (NFT) market:
·
Larva
Labs
·
NBA
Top Shot
·
Decentraland
·
Dapper
Labs
·
SuperRare
·
Cloudflare,
Inc.
·
Dolphin
Entertainment, Inc.
·
Takung
Art Co., Ltd.
·
Funko
·
PLBY
Group, Inc.
·
YellowHeart
·
Rarible
·
OpenSea
·
Nifty
Gateway
·
MakersPlace.
·
Others
Non-Fungible
Token (NFT) Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key
players' strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market
size in terms of volume and value, past, present, and future scenario
·
Potential
and specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.