Global Non-Fungible Tokens (NFT) Market Analysis Report 2022: Market Revenue Data for 2021, Estimates for 2022, and CAGR Projections through 2027 – GlobeNewswire
| Source: Research and Markets Research and Markets
Dublin, Nov. 30, 2022 (GLOBE NEWSWIRE) — The “Non-Fungible Tokens (NFT): Global Market” report has been added to ResearchAndMarkets.com’s offering.
In this report, the market has been segmented based on market type, asset type, product type, end user, and geography. The report provides an overview of the global NFTs market and analyzes market trends.
Using 2021 as the base year, the report provides estimated market data for the forecast period 2022-2027. Market values have been estimated based on the total revenue of NFTs providers.
NFTs experienced a rapid rise in 2021, but this growth hasn’t been steady and has plateaued so far in 2022. Companies including McDonald’s and Coca-Cola, as well as Gucci and Ray-Ban, started to provide NFTs.
The game sector being revolutionized, the slow but steady rise in demand for digital artworks, and celebrities’ growing influence in the market are the main drivers of NFT acceptance.
Additionally, NFT suppliers will benefit financially from growing applications of NFT in supply chain management, retail, and fashion, as well as from industry titans’ attempts to make the Metaverse a reality and from the personalization of NFTs.
The Metaverse is a concept for a virtual environment accessible over the internet where users can interact with digital objects using augmented reality (AR), virtual reality (VR), and extended reality (ER) (XR).
Hence, the metaverse is projected to be an emerging opportunity for the overall NFTs market during the forecast period. NFT transactions are linked to expensive and undetected gas fees which has been hindering the market growth.
In addition, the volatility of prices, negative environmental impacts, and fraud concerns are also among the factors which are restraining the market growth during the forecast period.
The report covers the market for NFTs with regards to the user base across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for NFTs in 2021 and provides projections for the expected market size through 2027. The scope of the study includes NFTs platforms and associated services.
Company profiles of major players within the industry, including Cloudflare, Inc.; Foundation Inc.; Gemini Trust Company, LLC; OpenSea and Rarible
The NFT market is driven by the following attributes:
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 NFTs: Market Overview
3.2 Value Chain Analysis
3.3 Evolution of NFTs
3.4 Use of Blockchain and Smart Contracts for NFTs
3.5 Investment Scenarios
3.6 Market Dynamics
3.7 Regulatory Scenarios & Standards
3.8 Top NFT Launches
3.9 Porter’s Five Force Analysis
3.10 Patent Analysis
3.10.1 Recent Patents
3.11 NFTs SWOT Analysis
3.12 Impact of Covid-19
3.13 Future of NFTs Market
Chapter 4 Market Breakdown by Asset Type
4.2 Physical Assets
4.3 Digital Assets
Chapter 5 Market Breakdown by Product Type
5.2 Arts and Collectibles
5.3 Games and Sports
5.4 Music and Entertainment
Chapter 6 Market Breakdown by Market Type
Chapter 7 Market Breakdown by End-user
Chapter 8 Market Breakdown by Region
8.2 North America
8.3.4 Rest of Europe
8.4.4 South Korea
8.4.5 Rest of Asia-Pacific
8.5 Rest of the World
8.5.1 Middle East
8.5.3 South America
Chapter 9 Competitive Landscape
9.1 Key Product Launches and Developments
9.2 Key Collaborations and Partnerships
9.3 Key Acquisitions
Chapter 10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/kyjis3
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