Canada Non Fungible Token (nft) Market Size & Outlook
Canada non fungible token (nft) market, 2020-2030 (US$M)
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Canada non fungible token (nft) market highlights
- The Canada non fungible token (nft) market generated a revenue of USD 1,430.1 million in 2023 and is expected to reach USD 12,964.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 37% from 2024 to 2030.
- In terms of segment, collectibles was the largest revenue generating application in 2023.
- Art is the most lucrative application segment registering the fastest growth during the forecast period.
Non fungible token (nft) market data book summary
| Market revenue in 2023 | USD 1,430.1 million |
| Market revenue in 2030 | USD 12,964.0 million |
| Growth rate | 37% (CAGR from 2023 to 2030) |
| Largest segment | Collectibles |
| Fastest growing segment | Art |
| Historical data | 2020 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Collectibles, Art, Gaming, Utilities, Metaverse, Sports |
| Key market players worldwide | Cloudflare Inc, PLBY Group Inc Ordinary Shares, Dolphin Entertainment Inc, Funko Inc Class A, NFT Ltd Ordinary Shares-Class A, Dapper Labs, YellowHeart, OpenSea, Gemini, Onchain |
Other key industry trends
- In terms of revenue, Canada accounted for 5.3% of the global non fungible token (nft) market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. non fungible token (nft) market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 12,964.0 million by 2030.
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Non Fungible Token (NFT) Market Scope
Non Fungible Token (NFT) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada non fungible token (nft) market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to non fungible token (nft) market will help companies and investors design strategic landscapes.
Collectibles was the largest segment with a revenue share of 53.7% in 2023. Horizon Databook has segmented the Canada non fungible token (nft) market based on collectibles, art, gaming, utilities, metaverse, sports covering the revenue growth of each sub-segment from 2020 to 2030.
The Canadian market is a primary hub for the adoption of innovative technology. Companies such as Walmart Canada have leveraged blockchain to automate invoice management and make payments to freight carriers. Moreover, the Canadian market is witnessing increasing investments and launch of new NFT-based products.
For instance, in June 2022, Accelerate Financial Technologies Inc., an alternative investment solutions provider launched the Accelerate NFT Fund. The Accelerate NFT Fund would allow accredited investors to access a diversified portfolio of NFTs. Thus, innovation in the Candian market is expected to drive growth of NFTS over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada non fungible token (nft) market , including forecasts for subscribers. This country databook contains high-level insights into Canada non fungible token (nft) market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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Canada non fungible token (NFT) market size, by application, 2020-2030 (US$M)
Canada Non Fungible Token (NFT) Market Outlook Share, 2023 & 2030 (US$M)
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