The global Non-Fungible Tokens (NFT) analytics tools market revenue totaled USD 124.7 Million in 2021. The NFT analytics tools market is expected to reach USD 506.2 Million by 2032, growing at a CAGR of 13.7% from 2022 to 2032.
| Attributes | Details |
|---|---|
| Estimated Year (2022) Market Value | USD 139.8 Million |
| Projected Year (2032) Market Value | USD 506.2 Million |
| CAGR% (2022 to 2032) | 13.7% |
| Top 5 Vendor Market Share | Around 45% |
Non-Fungible Tokens (NFT) analytics tools market enable users to evaluate real-time and historical data for NFT wallets, collections, or mints. End users can use this sort of technology to receive the most recent data, generate custom alerts, subscribe to curated feeds, and view dynamic visualizations.
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The Non-Fungible Tokens (NFT) Analytics Tools Market demand is estimated to grow at 13.7% CAGR between 2022 and 2032 as compared to 11.0% CAGR during the historic period of 2017 to 2021 as the increasing usage and demand of NFT tokens across the globe are driving the NFT analytics tool market. NFT analytics tools help with free minting NFTs, Upcoming NFT projects, and even hidden-gem NFTs from multi-chain
A number of people across the globe found ways to earn money online with the help of digital platforms. These things attract people to the NFT platforms to earn money online. Before investing money and taking a risk most NFT investors want to study the market’s historic and current data, past sales, trading volume, buying pressure, floor prices, resistance levels, hype in the NFT community, and much more. The increasing demand for NFT market analysis from NFT investors is boosting the NFT analytics tool market growth across the globe.
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The Non-Fungible Tokens (NFT) Analytics Tools Market in South Asia Pacific is expected to grow at the fastest rate. During the forecast period, the region is expected to grow by 18.0% CAGR, with the increasing investment and user of NFT in the countries like Thailand, India, and Indonesia creating new opportunities for the NFT analytics tool market.
However, North America is expected to account for the highest market share of 35.2% in 2022 in the NFT analytics tool market. The presence of a large number of NFT investors in the US, and Canada and the early adoption of NFT platforms are helping market growth.
The Non-Fungible Tokens (NFT) Analytics Tools Market demand in Thailand accounted for nearly 15.0% of the East Asia market share in 2021, Thailand consists with the highest number of NFT users growing due to increasing in mobile consumers and increasing opportunities for artists. In recent years, the country experience the largest market share of Non-Fungible Tokens due to digital transformation. For instance, In May 2022, Coral an online platform seeks to provide this opportunity to artists in the Southeast Asia region through the online marketplace potential and cooperation with the brands involved, artists, and their allies can collaborate and create together.
The USA is expected to account for the largest market share of 24.6% in 2022 in the Non-Fungible Tokens (NFT) Analytics Tools Market in North America.
The USA leads in terms of the most NFT companies worldwide with 91 firms recorded, which shows the USA is a hub for 41.5% of all the NFT-based start-ups, the increase in the number of companies leads to an increase in engagement of NFT space, therefore, United States of America has a larger potential to increase its market share worldwide. For Instance, In September 2022 Apple has become the latest platform for the purchase and sale of NFTs to be listed, installed, and sold through its App Store, which currently has over one billion users, Twitter launched NFT verification for profile pictures, TikTok released creator-led NFT collections and many more.
The Non-Fungible Tokens (NFT) Analytics Tools Market's rising demand in India accounted for nearly 4.2% of the East Asia market share in 2021, India holds with the sixth largest number of NFT users growing due to an increase in mobile consumers. In 2022, the Government of India allows NFTs as virtual digital assets in the Financial Budget wherein the government will charge 30% as a tax, worldwide 5% of NFT-based companies are scaling in India and focusing towards to engage more in NFTs space, as a result, the country will experience the highest growth of Non-Fungible Tokens during the forecast years.
The Non-Fungible Tokens (NFT) Analytics Tools Market has various characteristics and attributes. According to the preview image, various characteristics of a market like revenue volatility, a barrier to entry, and overall attractiveness have a different impact on the overall market, which shows its results differently in different regions.
The preview image shows characteristics of revenue volatility have a medium impact on the market, on the other hand, capital intensiveness has more impact on overall market growth. Because the NFT transactions are anticipated with high and hidden gas fees, which impacted many new users due to unawareness, sometimes its create trust issue.
The regulatory complexity has a significant impact on the market. As the preview image represents Europe and North America are highly relevant, which means regulatory complexity in Europe and North America region is high compared to Latin America and MEA region.
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During the forecast period, The Mobile-based NFT Analytics Tool is expected to account market share of 43.7% in 2022 in the Non-Fungible Tokens (NFT) Analytics Tools Market. Mobile-based NFT analytics tools are highly adopted by individual users and it creates new opportunities for the mobile-based NFT analytics tool. The mobile-based NFT analytics tools are easy to use and provide information about NFT market space, total supply, and price. Also, it gives analysis regarding the community growth rate, community score, and engagement rate. when users can create an account and add any NFT to their calendar, they will get a time-to-time alert on their mobile-based NFT analytics tools when that NFT launches. With the help of this alert, Users can take benefit of any upcoming NFTs and avoid losing out on any profitable ones.
The individual segment led the non-fungible token (NFT) market in 2021, it accounting for 55.3% of the market share. One of the major driving factors of industry expansion is rising global spending on digital assets.
A number of individual users are investing in dynamic NFTs, and game NFTs, to avoid losses. For instance, Traditionally, in-game purchases have been a one-time, non-transferable investment locked into a particular gaming environment. on the other hand, Non-fungible tokens, allow programmers control over their in-game assets. Gamers can save in-game buys, sell them to another player, or transfer them to other compatible games with the help of blockchain technology. Individual users are majorly using the NFT analytics tool due to their features like the tools that analyze the trends and answer what and why happened in the market, and which actions to take next by users, track real-time market data and transactions, and also share historical transactions and charts to improve users research.
The commercial segment accounted significant revenue share of the NFT analytics tool market. The growing use of NFTs for commercial purposes such as supply logistics innovation and chain management is expected to push the market forward. Organizations in the logistics sector are increasingly adopting blockchain technology into their operations, offering new opportunities for the industry to grow.
Non-Fungible Tokens (NFT) Analytics Tools Market players are focusing on various strategies for increasing their investments in research and development to upgrade their technologies as per the market requirement. Also, several organizations are acquiring and entering into a partnership with other companies to develop their own Non-Fungible Tokens (NFT) Analytics Tools Market solution to serve the customer demand.
For Instance, In February 2022, NFT Terminal launched an NFT analytics tool to analyze NFT’s real-time data, NFT sales, mints, and transaction trends. This innovation helps the company to fulfill the market requirements.
In May 2022, Quicknode, the blockchain infrastructure provider acquired Icy. tools, an NFT analytics platform. This acquisition helps Quicknode to enhance its NFT analytics product portfolio.
| Attributes | Details |
|---|---|
| Market value in 2022 | USD 139.8 Million |
| Market CAGR 2022 to 2032 | 13.7% |
| Share of top 5 players | Around 45% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, UK, France, Italy, Spain, Russia, China, Japan, South Korea, India, Malaysia, Indonesia, Singapore, Australia & New Zealand, GCC Countries, Turkey, North Africa, and South Africa |
| Key Segments Covered | By Tool Type, By End User, and Region |
| Key Companies Profiled |
Dune; NFT OnChained; Alchemy NFTS; Nansen; UXCam; Metawin; Rainbow Wallet; OpenSea; Trait Sniper; BitDegree; NFT Evening; Singular; NFT Terminal; Quicknode |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
South Asia & Pacific is projected to register strong growth in the market, exhibiting a CAGR of nearly 18.0% during the forecast period with a market share of around 12.4% in 2022.
The Non-Fungible Tokens (NFT) Analytics Tools Market industry was valued at ~USD 124.7 Million in 2021 and is estimated to grow at an exceptional pace with a CAGR of 13.7%.
The sales of Non-Fungible Tokens (NFT) Analytics Tools Market solution are expected to total ~USD 139.8 Million by the end of 2022 and are likely to reach ~USD 506.2 Million by 2032.
The market in the last 5 years (2017 to 2021) grew by a CAGR of 11.0%.
Rising demand for analyze NFT market to avoid the losses is driving the NFT analytics market.
The top 5 countries driving demand for the Non-Fungible Tokens (NFT) Analytics Tools Market include the US, Canada, India, Thailand, and Brazil.
Europe is predicted to remain one of the most attractive markets during the forecast period, according to Future Market Insights. According to the study, the Germany is expected to account for nearly 12.8% of the Europe market through 2032.
The Non-Fungible Tokens (NFT) Analytics Tools Market solution demand in Japan and South Korea was valued at ~USD 14.3 Million and ~USD 11.9 Million in 2021, respectively and is projected to register a CAGR of around 8.6% and 9.3% respectively between 2022 and 2032.
Some of the leading companies in this landscape are Dune, NFT OnChained, Alchemy NFTS, Nansen, UXCam, Metawin, Rainbow Wallet, OpenSea, Trait Sniper, BitDegree, NFT Evening, Singular, NFT Terminal and Quicknode and among others. As per Future Market Insights, nearly 45%-50% of the market share is currently covered by the top players.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Pricing Analysis 5. Global Market Demand (in Value in USD Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 6. Market Background 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Tool Type 7.1. Web-based NFT Analytics Tool 7.2. Mobile-based NFT Analytics Tool 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User 8.1. Individual Users 8.2. Commercial/Business Users 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia & Pacific 9.6. Middle East & Africa 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032 13. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16. Key Countries Analysis - Market 17. Market Structure Analysis 18. Competition Analysis 18.1. Dune Analytics 18.2. NFT OnChained 18.3. Alchemy NFTS 18.4. Nansen 18.5. UXCam 18.6. Metawin 18.7. Rainbow Wallet 18.8. OpenSea 18.9. Trait Sniper 18.10. BitDegree 18.11. NFT Evening 18.12. Singular 18.13. NFT Terminal 18.14. Quicknode 19. Assumptions and Acronyms Used 20. Research Methodology
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NFT Analytics Tools Market
