Japan Non Fungible Token (nft) Market Size & Outlook
Japan non fungible token (nft) market, 2020-2030 (US$M)
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Japan non fungible token (nft) market highlights
- The Japan non fungible token (nft) market generated a revenue of USD 631.1 million in 2023 and is expected to reach USD 6,635.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 39.9% 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 631.1 million |
| Market revenue in 2030 | USD 6,635.7 million |
| Growth rate | 39.9% (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, Japan accounted for 2.3% 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 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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Japan 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 53.54% in 2023. Horizon Databook has segmented the Japan 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 Japanese non-fungible token market was value Various government initiatives and rising investments in technologies make Japan a prominent market for NFTs. In October 2022, Fumio Kishida, Japanese Prime Minister, announced plans to invest in digital transformation, including the Metaverse and NFTs.
The Japanese government aims to expand the usage of Web 3.0 services that leverage Metaverse and NFTs and focuses on policies that promote the expansion of blockchain. The Japanese government also utilized NFTs as a form of reward, recognizing the work of local authorities that leverage technologies to solve challenges.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan non fungible token (nft) market , including forecasts for subscribers. This country databook contains high-level insights into Japan non fungible token (nft) market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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Japan non fungible token (NFT) market size, by application, 2020-2030 (US$M)
Japan Non Fungible Token (NFT) Market Outlook Share, 2023 & 2030 (US$M)
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