Global Non-Fungible Tokens Market Share, Growth and Forecast Report, 2030

NEW YORK - April 23, 2025 - PRLog -- According to the latest market research study published by P&S Intelligence, the global Non-Fungible Tokens (NFT) market is poised for remarkable growth, with an estimated market size of USD 4,068.5 million in 2023, projected to reach USD 34,395.6 million by 2030, advancing at a Compound Annual Growth Rate (CAGR) of 36.2% during the forecast period from 2024 to 2030.

This growth is primarily driven by the increasing adoption of blockchain-based gaming, the rise of digital assets and collectibles, and the booming metaverse trend. Additionally, the integration of blockchain technology for asset tracking and authentication continues to expand the market's scope, offering consumers more secure and transparent ownership of digital content.

Key Insights

Market Segmentation:

The NFT market is categorized into offerings such as business strategy formulation, NFT creation and management, and NFT platform-marketplaces. Among these, NFT platform-marketplaces are expected to experience the fastest growth, with a projected CAGR of 38%.

End-users are primarily divided into sectors such as gaming, media, and entertainment, with gaming expected to witness the highest growth rate at 40%. This surge is driven by the increasing preference for blockchain-enabled games and play-to-earn models.

Regional and Geographical Trends:

North America leads the market, accounting for over 50% of global revenue in 2023, bolstered by the region's high adoption of blockchain technology, extensive digital artwork production, and favorable policies supporting digital currencies. The U.S. remains a key contributor to this dominance.

Technological Advancements:

Blockchain integration is at the forefront of technological innovation in the NFT space, enhancing transaction speed and security. Companies are increasingly utilizing blockchain to authenticate digital assets, ensuring transparency and reducing the risk of piracy.

The gaming industry has embraced NFTs, using them for the creation of unique, non-duplicable in-game assets, providing players with a novel form of ownership and monetization. This technology is also being used to build metaverse ecosystems, enhancing the overall gaming experience.

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Competitive Dynamics and Major Players:

The NFT market is highly competitive, with both established and emerging players vying for market share. Key players include blockchain development companies, NFT marketplace platforms, and digital asset creators. New entrants are also driving the market by introducing innovative services and platforms that make it easier for consumers and creators to buy, sell, and trade NFTs.