UK Non Fungible Token (nft) Market Size & Outlook
UK non fungible token (nft) market, 2020-2030 (US$M)
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UK non fungible token (nft) market highlights
- The UK non fungible token (nft) market generated a revenue of USD 1,669.2 million in 2023 and is expected to reach USD 13,063.1 million by 2030.
- The UK market is expected to grow at a CAGR of 34.2% 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 1,669.2 million |
| Market revenue in 2030 | USD 13,063.1 million |
| Growth rate | 34.2% (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, UK accounted for 6.2% 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 Europe, UK non fungible token (nft) market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 12,831.3 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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UK 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 53.74% in 2023. Horizon Databook has segmented the UK 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 U.K. non-fungible token market was the growth of NFTs in the U.K. is expected to stem from the growing number of participants in play-toearn gaming models. The play-to-earn gaming model enables gamers to collect and farm NFTs and cryptocurrencies that entail monetary value and can also be sold in secondary marketplaces.
Moreover, U.K. has established itself as a hub for blockchain technology and fintech innovation in the European region. London, in particular, hosts numerous blockchain companies, NFT marketplaces, and cryptofriendly initiatives. These hubs foster collaboration, entrepreneurship, and the development of NFTrelated projects.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK non fungible token (nft) market , including forecasts for subscribers. This country databook contains high-level insights into UK non fungible token (nft) market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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UK non fungible token (NFT) market size, by application, 2020-2030 (US$M)
UK Non Fungible Token (NFT) Market Outlook Share, 2023 & 2030 (US$M)
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