UAE Non Fungible Token (nft) Market Size & Outlook
UAE non fungible token (nft) market, 2020-2030 (US$M)
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UAE non fungible token (nft) market highlights
- The UAE non fungible token (nft) market generated a revenue of USD 460.1 million in 2023 and is expected to reach USD 2,595.4 million by 2030.
- The UAE market is expected to grow at a CAGR of 28% 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 460.1 million |
| Market revenue in 2030 | USD 2,595.4 million |
| Growth rate | 28% (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, UAE accounted for 1.7% 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 Middle East & Africa, UAE non fungible token (nft) market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,595.4 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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UAE 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 53.31% in 2023. Horizon Databook has segmented the UAE 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 UAE non-fungible token market was UAE emphasizes creating an advanced legal framework to boost the adoption of NFTs and block chain based technologies while protecting the interests of investors. The Dubai Virtual Assets Regulation Law, introduced in March 2022, designs regulatory standards at par with international regulations.
Moreover, the Dubai Virtual Asset Regulatory Authority was established to regulate and license the virtual assets sector across free zone territories and Dubai Mainland. Moreover, NFT is set to expand in UAE as emirates such as Ras Al Khaimah set up free zones for virtual asset companies, which is expected to attract at least 300 digital firms in UAE by the end of 2023.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the UAE non fungible token (nft) market , including forecasts for subscribers. This country databook contains high-level insights into UAE non fungible token (nft) market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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UAE non fungible token (NFT) market size, by application, 2020-2030 (US$M)
UAE Non Fungible Token (NFT) Market Outlook Share, 2023 & 2030 (US$M)
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