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.

Key Statistics

• 24m - Total transactions in 2022
• 40m - Total transactions in 2027
• 64% - 2022 to 2027 market growth
• 2022-2027 - Forecast period

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

Research Deliverables

• Market Trends & Forecasts PDF Report - A comprehensive analysis of the current market landscape, alongside strategic recommendations and a walk-through of the forecasts.
• Interactive Forecast Excel - Full 5-year forecasts for every available market metric provided in Excel format, with interactive 'What If' and scenario tools.
• harvest Online Data Platform - Access the very latest data in our exclusive online data platform, harvest. All the data from Excel, with frequent updates and a more user-friendly interface.