Global Non-fungible Tokens Market Size, Share, Trends, Industry Growth by Type (Physical Asset, Digital Asset), by Application (Collectibles, Art, Gaming, Utilities, Metaverse, Sport, Others), by End-Use, by Region, and Forecast to 2028

Price: 3600/- USD | Published Date: August 1, 2022 |

The global non-fungible tokens market size is expected to experience a robust CAGR of around 34% during the forecast period from 2022 to 2028. The growing demand for the technology in various applications such as gaming, digital art, music, metaverse, and others is a major factor to drive the market growth. Furthermore, the growing demand for NFTs around the globe due to their uniqueness, transparency, individuality, and exchangeable and secure ownership is further expected to boost market growth. Moreover, the growing adoption of the technology in supply chain management, retail, and fashion is projected to propel market growth. However, the lack of standardization and the issues with copyright protection are some major factors expected to restrain the market growth.

Market Insights:

By type, the digital asset segment is expected to hold the largest market share of over 2/3 share of the market by 2028

The global non-fungible tokens market is bifurcated into type, application, end-use, and geography. On the basis of type, the market is further segmented into physical and digital asset. The digital asset segment dominated the global market in 2021 and accounted to hold a significant market share of over 2/3 share of the global market in 2021. The growing use of non-fungible tokens for securing ownership, especially in digital artworks is a primary factor to drive the segment growth. Furthermore, the growing adoption of the NFTs in the digital real state is further expected to boost the segment growth over the forecast period.

By application, the collectibles segment dominated the global market in 2021

On the basis of application, the global market is bifurcated into collectibles, art, gaming, utilities, metaverse, sport, and others. The collectibles segment dominated the global non-fungible tokens market in 2021 and is expected to hold the largest revenue share of over half of the market by the end of the analysis period. The strong demand for crypto collectibles is a primary factor to drive the segment growth. On the other hand, the sports segment is expected to grow at a significant growth rate over the forecast period. The growing popularity of NFTs in the sports sector globally due to the growing focus to enhance fan engagement is expected to drive the segment growth.

Non-fungible Tokens Market Share

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The non-fungible tokens comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The non-fungible tokens market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2019-20 – Historical Year
  • 2021 – Base Year
  • 2022-2028 – Forecast Period

Global Non-fungible Tokens Market Segmentation:

Non-fungible Tokens Market Segmentation by Type:

  • Physical Asset
  • Digital Asset

Non-fungible Tokens Market Segmentation by Application:

  • Collectibles
  • Art
  • Gaming
  • Utilities
  • Metaverse
  • Sport
  • Others

Non-fungible Tokens Market Segmentation by End-Use:

  • Personal
  • Commercial

Non-fungible Tokens Market Segmentation by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Non-fungible Tokens Market: Geographic Coverage

Geographically, North America dominated the global non-fungible tokens market in 2021 and is expected to hold the largest revenue share of around 1/3 market share by the end of the analysis period. The growing adoption of NFTs among millennials is a major factor to drive the market growth in the region. Furthermore, the growing number of digital artworks and the presence of major players are further anticipated to fuel the market growth in the region. On the flip side, the Asia Pacific is expected to register the fastest growth rate in the market during the forecast period due to the increasing adoption of cryptocurrency in the region.

Non-fungible Tokens Market: Competitive Assessment

Some of the major market players operating in the global non-fungible tokens market are YellowHeart, LLC., Cloudflare, Inc., PLBY Group, Inc., Dolphin Entertainment, Inc., and Funko. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • YellowHeart, LLC.
  • Cloudflare, Inc.
  • PLBY Group, Inc.
  • Dolphin Entertainment, Inc.
  • Funko
  • Ozone Networks, Inc.
  • Takung Art Co., Ltd.
  • Dapper Labs, Inc.
  • Gemini Trust Company, LLC.
  • Onchain Labs, Inc.

Key Questions Answered by Non-fungible Tokens Market Report

  • Global non-fungible tokens market forecasts from 2022-2028
  • Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
  • Non-fungible tokens submarket forecasts from 2022-2028 covering the market by type, by application, by end-use, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level non-fungible tokens markets from 2022-2028
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Non-fungible Tokens Market Portraiture
2.2. Global Non-fungible Tokens Market, by Type, 2021 (USD Mn)
2.3. Global Non-fungible Tokens Market, by Application, 2021 (USD Mn)
2.4. Global Non-fungible Tokens Market, by End-Use, 2021 (USD Mn)
2.5. Global Non-fungible Tokens Market, by Geography, 2021 (USD Mn)

 

3. Global Non-fungible Tokens Market Analysis


3.1. Non-fungible Tokens Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Non-fungible Tokens Market By Type, 2019 – 2028 (USD Mn)


4.1. Overview
4.2. Physical Asset
4.3. Digital Asset

 

5. Global Non-fungible Tokens Market By Application, 2019 – 2028 (USD Mn)


5.1. Overview
5.2. Collectibles
5.3. Art
5.4. Gaming
5.5. Utilities
5.6. Metaverse
5.7. Sport
5.8. Others

 

6. Global Non-fungible Tokens Market By End-Use, 2019 – 2028 (USD Mn)


6.1. Overview
6.2. Personal
6.3. Commercial

 

7. North America Non-fungible Tokens Market Analysis and Forecast, 2019 – 2028 (USD Mn)


7.1. Overview
7.2. North America Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
7.3. North America Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
7.4. North America Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)
7.5. North America Non-fungible Tokens Market by Country, (2019-2028 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
7.5.1.2. U.S. Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
7.5.1.3. U.S. Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)
7.5.2. Canada
7.5.2.1. Canada Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
7.5.2.2. Canada Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
7.5.2.3. Canada Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)

 

8. Europe Non-fungible Tokens Market Analysis and Forecast, 2019 – 2028 (USD Mn)


8.1. Overview
8.2. Europe Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
8.3. Europe Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
8.4. Europe Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)
8.5. Europe Non-fungible Tokens Market by Country, (2019-2028 USD Mn)
8.5.1. Germany
8.5.1.1. Germany Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
8.5.1.2. Germany Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
8.5.1.3. Germany Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
8.5.2.2. U.K. Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
8.5.2.3. U.K. Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)
8.5.3. France
8.5.3.1. France Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
8.5.3.2. France Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
8.5.3.3. France Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)
8.5.4. Italy
8.5.4.1. Italy Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
8.5.4.2. Italy Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
8.5.4.3. Italy Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)
8.5.5. Rest of Europe
8.5.5.1. Rest of Europe Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
8.5.5.2. Rest of Europe Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
8.5.5.3. Rest of Europe Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)

 

9. Asia Pacific Non-fungible Tokens Market Analysis and Forecast, 2019 – 2028 (USD Mn)


9.1. Overview
9.2. Asia Pacific Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
9.3. Asia Pacific Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
9.4. Asia Pacific Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)
9.5. Asia Pacific Non-fungible Tokens Market by Country, (2019-2028 USD Mn)
9.5.1. China
9.5.1.1. China Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
9.5.1.2. China Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
9.5.1.3. China Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)
9.5.2. Japan
9.5.2.1. Japan Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
9.5.2.2. Japan Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
9.5.2.3. Japan Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)
9.5.3. India
9.5.3.1. India Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
9.5.3.2. India Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
9.5.3.3. India Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)
9.5.4. Rest of Asia Pacific
9.5.4.1. Rest of Asia Pacific Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
9.5.4.2. Rest of Asia Pacific Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
9.5.4.3. Rest of Asia Pacific Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)

 

10. Latin America (LATAM) Non-fungible Tokens Market Analysis and Forecast, 2019 – 2028 (USD Mn)


10.1. Overview
10.2. Latin America Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
10.3. Latin America Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
10.4. Latin America Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)
10.5. Latin America Non-fungible Tokens Market by Country, (2019-2028 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
10.5.1.2. Brazil Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
10.5.1.3. Brazil Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)
10.5.2. Mexico
10.5.2.1. Mexico Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
10.5.2.2. Mexico Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
10.5.2.3. Mexico Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
10.5.3.2. Rest of Latin America Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
10.5.3.3. Rest of Latin America Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)

 

11. Middle East and Africa Non-fungible Tokens Market Analysis and Forecast, 2019 – 2028 (USD Mn)


11.1. Overview
11.2. MEA Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
11.3. MEA Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
11.4. MEA Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)
11.5. Middle East and Africa Non-fungible Tokens Market, by Country, (2019-2028 USD Mn)
11.5.1. GCC
11.5.1.1. GCC Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
11.5.1.2. GCC Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
11.5.1.3. GCC Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
11.5.2.2. South Africa Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
11.5.2.3. South Africa Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA Non-fungible Tokens Market by Type, (2019-2028 USD Mn)
11.5.3.2. Rest of MEA Non-fungible Tokens Market by Application, (2019-2028 USD Mn)
11.5.3.3. Rest of MEA Non-fungible Tokens Market by End-Use, (2019-2028 USD Mn)

 

12. Company Profiles


12.1. YellowHeart, LLC.
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Cloudflare, Inc.
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. PLBY Group, Inc.
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Dolphin Entertainment, Inc.
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Funko
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Ozone Networks, Inc.
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Takung Art Co., Ltd.
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Dapper Labs, Inc.
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Gemini Trust Company, LLC.
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Onchain Labs, Inc.
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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