India Non Fungible Token (nft) Market Size & Outlook
India non fungible token (nft) market, 2020-2030 (US$M)
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India non fungible token (nft) market highlights
- The India non fungible token (nft) market generated a revenue of USD 1,027.4 million in 2023 and is expected to reach USD 9,247.9 million by 2030.
- The India market is expected to grow at a CAGR of 36.9% 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 1,027.4 million |
| Market revenue in 2030 | USD 9,247.9 million |
| Growth rate | 36.9% (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, India accounted for 3.8% 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 Asia Pacific, China non fungible token (nft) market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 6,635.7 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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India 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 53.56% in 2023. Horizon Databook has segmented the India 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 Indian non-fungible token market was In June 2022, Game streaming and e-sports platform Loco, launched its new NFT platform in India that will allow fans to own and trade e-collectibles through NFTs. The platform will partner with India’s leading e-sports team which will allow fans to buy and trade their sports collectibles.
Such initiatives by key market players is propelling the adoption of NFTs in India. Moreover, several Indian celebrities belonging to the sporting and movie industry have launched NFTs driving its popularity.
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Horizon Databook provides a detailed overview of country-level data and insights on the India non fungible token (nft) market , including forecasts for subscribers. This country databook contains high-level insights into India non fungible token (nft) market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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India non fungible token (NFT) market size, by application, 2020-2030 (US$M)
India Non Fungible Token (NFT) Market Outlook Share, 2023 & 2030 (US$M)
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