Non Fungible Token Market Size by Growth Rate, Business Challenges, Competitors, and Forecast 2030 | Emergen Research
A Global Non fungible Token Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Non fungible Token industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Non fungible Token market, this study covers qualitative and quantitative aspects of the Non fungible Token market. In addition to historical data from 2017 to 2018, the research study provides an accurate forecast until 2027 for the Non fungible Token market. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.
Global Non-fungible Token (NFT) market size reached USD 214.57 Billion in 2030 and is expected to register a revenue CAGR of 12.2%, during the forecast period, according to latest analysis by Emergen Research. Rapid traction of metaverse and rising demand for decentralized marketplaces are some key factors driving global non-fungible token market revenue growth. Rising use of NFT for domain name ownership is also expected to boost revenue growth of the market to a significant extent. Owners of blockchain domains can use private keys to manage respective domains. The standard Domain Name Service (DNS) is controlled by the Internet Corporation for Assigned Names and Numbers (ICANN), and there is very minimal supervision of such domains. Censorship and security issues are raised as a result of this. Blockchain domain names are permanently recorded in a public registry and it can be erased or changed by a third party, which helps to mitigate such concerns. Blockchain domain NFTs allow for quick trading and customizable domain names. The Ethereum Name Service (ENS) and Unstoppable Domains, which are decentralized solutions to the conventional DNS, allows crypto-addresses similar to an Instagram or Twitter handle, yet every name has to be distinct. While Instagram and Twitter users cannot sell their usernames, ENS and Unstoppable Domains enable users to purchase and sell crypto-addresses.
Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Non fungible Token industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Non fungible Token industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Non fungible Token industry.
To get sample PDf @ https://www.emergenresearch.com/request-sample/892
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Non fungible Token market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
YellowHeart, Cloudflare, Inc., PLBY Group, Inc., Dolphin Entertainment, Inc., Funko Inc., OpenSea (Ozone Networks, Inc.), Takung Art Co., Ltd., Dapper Labs, Inc., Nifty Gateway (Gemini Trust Company, LLC), and MakersPlace (Onchain Labs, Inc.)
Global Non fungible Token Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- R&D Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers & Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
Regional Landscape section of the Non fungible Token report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Get Customization @ https://www.emergenresearch.com/request-for-customization/892
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
Market Overview:
The report bifurcates the Non fungible Token market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Non fungible Token market expected to boost the growth of the industry in the coming years.
Non fungible Token Market Segmentation:
-
Type Outlook (Revenue, USD Billion; 2019–2030)
- Physical Asset
- Digital Asset
-
Application Outlook (Revenue, USD Billion; 2019–2030)
- Collectibles
- Video Clip
- Audio Clip
- Gamification
- Others
- Art
- Pixel Art
- Fractal/Algorithmic Art
- Computer Generated Painting
- 2D/3D Painting
- 2D/3D Computer Graphics
- GIFs
- Others
- Gaming
- Trading Card Game (TCG)
- Video Game
- Strategy Role Playing Game (RPG)
- Others
- Utilities
- Tickets
- Domain Names
- Assets Ownership
- Metaverse
- Sport
- Others
- Collectibles
-
End-Use Outlook (Revenue, USD Billion; 2019–2030)
- Personal
- Commercial
The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
Report Highlights:
- Besides offering a vivid depiction of the global Non fungible Token business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
- The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2020-2027).
- The report scrutinizes the salient factors influencing the growth of the market in the near future.
- The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.
To know more about the report @ https://www.emergenresearch.com/industry-report/non-fungible-token-market
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
Look Over transcripts provided by Emergen Research
Military Communication Systems Market : https://www.globenewswire.com/news-release/2021/04/29/2220097/0/en/Military-Communication-Systems-Market-to-Reach-USD-44-89-Billion-By-2027-Extensive-Rise-in-Investment-in-the-Defense-Foreign-Intelligence-are-the-Major-Factors-Influencing-Industry.html
Personal Care Ingredients Market : https://www.globenewswire.com/en/news-release/2021/04/29/2220100/0/en/Personal-Care-Ingredients-Market-to-Reach-Value-of-USD-15-12-Billion-by-2027-Increasing-Usage-of-Anti-Aging-Ingredients-by-Middle-Aged-Population-for-Rejuvenating-Skin-is-Driving-I.html
Titanium Nitride Coating Market : https://www.globenewswire.com/fr/news-release/2021/05/03/2221536/0/en/Titanium-Nitride-Coating-Market-Size-to-Reach-USD-8-29-Billion-in-2028-Increasing-Application-of-Corrosion-Resistant-Coatings-and-Materials-in-Medical-Device-Manufacturing-Industry.html
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Trending Report: Electric Vehicle Charging Stations Market, Non fungible Token Market
Trending Title: Metaverse Market, Digital Human Avatar Market
