Middle East & Africa Non Fungible Token (nft) Market Size & Outlook
Middle East & Africa non fungible token (nft) market, 2020-2030 (US$M)
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MEA non fungible token (nft) market highlights
- The MEA non fungible token (nft) market generated a revenue of USD 1,864.1 million in 2023.
- The market is expected to grow at a CAGR of 27.1% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,864.1 million |
| Market revenue in 2030 | USD 10,014.3 million |
| Growth rate | 27.1% (CAGR from 2023 to 2030) |
| Largest segment | Collectibles |
| Fastest growing segment | Art |
| Historical data covered | 2020 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 6.9% of the global non fungible token (nft) market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 56,910.3 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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Middle East & Africa 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 53.33% in 2023. Horizon Databook has segmented the Middle East & Africa 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 MEA non-fungible token market was The development of start-ups adopting blockchain and the introduction of NFT platforms such as NIFTY Souq are primary drivers of the NFT market in the MEA region. Prominent NFT companies present in the region include UPYO, Mint Valley and LG Art Lab. NFT platforms allow users to create and buy NFTs.
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Our clientele includes a mix of non fungible token (nft) market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa non fungible token (nft) market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa non fungible token (nft) market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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MEA non fungible token (NFT) market size, by country, 2020-2030 (US$M)
Middle East & Africa Non Fungible Token (NFT) Market Outlook Share, 2023 & 2030 (US$M)
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