Nfts: Future Opportunities, Segment Analysis & Market Forecasts 2022-2027

The NFTs (Non-fungible Tokens) research provides a highly detailed evaluation of current industry developments, including emerging Web 3.0 use cases, and analyses the most influential drivers and challenges that stakeholders may face over the coming years.

The research also outlines the technical mechanics behind the implementation of NFTs across 7 key segments - outlining the business cases, revenue models, and target audiences that are driving the market using models and case studies. These segments are:

• Art
• Collectables
• Fashion
• Gaming
• Metaverse
• Music
• Real Estate

It also includes 5-year scenario-based forecasts that model the total number of NFT users and transactions across these segments via three different outcome-based scenarios. Each of these scenarios accounts for a multitude of factors and potential outcomes, evaluates the likelihood of their occurrence, and delivers an output based on the underlying assumptions.

This research suite comprises:

• Strategy & Forecasts (PDF)
• 5-year Market Sizing & Forecast Spreadsheet (Excel)
• 12 Months’ Access to harvest Online Data Platform

Key Market Statistics

Market size in 2022:

• 24 million transactions

Market size in 2027:

• 40 million transactions

2022 to 2027 Market Growth:

• 64%

Key Features

• Market Landscape: Detailed assessment of how key NFT technologies function and interact with differing industry requirements. It also includes an analysis of trends that stand to influence the future NFT market, including environmental concerns, regulatory action, and celebrity and brand endorsements.

Segment Analysis: In-depth evaluation of how 7 key market segments are implementing NFT technologies, including the effectiveness of these implementations, the revenue streams being unlocked, and any potential roadblocks and opportunities:

• Art
• Collectables
• Fashion
• Gaming
• Metaverse
• Music
• Real Estate
• Vendor Case Studies: Selected case studies that demonstrate the influence of NFTs within the aforementioned segments, alongside an assessment of the long-term prospects of each vendor’s ability to successfully incorporate NFTs into their respective industries.

Benchmark Industry Forecasts: Benchmark 5-year forecasts for the total number of NFT users and transactions, split by 7 key market segments and conducted across three scenarios: low impact, medium impact, and high impact. Each of these scenarios accounts for a multitude of factors; influencing the outcome and long-term stability of NFTs. These forecasts are also split by our 8 key regions and the 60 countries listed below:

North America:

• Canada, US

Latin America:

• Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay

West Europe:

• Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK

Central & East Europe:

• Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Turkey, Ukraine

Far East & China:

• China, Hong Kong, Japan, South Korea

Indian Subcontinent:

• Bangladesh, India, Nepal, Pakistan

Rest of Asia Pacific:

• Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam
• Africa & Middle East
• Algeria, Egypt, Israel, Kenya, Kuwait, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates

Key Questions Answered

• What technologies are key to the implementation of NFTs?
• How vulnerable are NFT market stakeholders to the cyclical nature of the macro-crypto environment?
• What market segments will NFTs benefit the most from, in terms of innovation?
• What trends in NFTs are expected to emerge in the coming years?
• How many NFT transactions will occur in 2027?

5-year benchmark forecasts for:

• Total Number of NFT Transactions
• Total Number of NFT Transactions in the Art Segment
• Total Number of NFT Transactions in the Collectables Segment
• Total Number of NFT Transactions in the Gaming Segment
• Total Number of NFT Transactions in the Metaverse Segment
• Total Number of NFT Transactions in the Service Segment
• Total Number of NFT Transactions in the Other Segment
• Total Number of NFT Users

Geographical splits: 60 countries

Harvest: Our online data platform, harvest, contains the very latest market data and is updated throughout the year. This is a fully featured platform enabling clients to better understand key data trends and manipulate charts and tables, overlaying different forecasts within the one chart - using the comparison tool. Empower your business with our market intelligence centre and get alerted whenever your data is updated.

Interactive Excels (IFxl): Our IFxl tool enables clients to manipulate both forecast data and charts, within an Excel environment, to test their own assumptions using the Interactive Scenario Tool and compare selected markets side by side in customised charts and tables. IFxls greatly increase a clients’ ability to both understand a particular market and to integrate their own views into the model.