Global Music NFT Market 2024-2028

The music NFT market is forecasted to grow by USD 4,517.34 mn during 2023-2028, accelerating at a CAGR of 29.83% during the forecast period. The report on the music NFT market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	26.15%
CAGR	29.83%
Incremental Value	$4517.34mn

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the evolving music industry boosting the music NFT market, new music NFT launches boosting market growth, and frequent NFT album releases.

Technavio's music NFT market is segmented as below:

By Method

Credit and debit cards
Cryptocurrencies
Others

By Product Type

Album
Single song
Others

By Geographical Landscape

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the increasing collaboration and partnerships among vendors as one of the prime reasons driving the music NFT market growth during the next few years. Also, increasing funding for music NFT and a growing NFT ecosystem will lead to sizable demand in the market.

The report on the music NFT market covers the following areas:

Music NFT market sizing
Music NFT market forecast
Music NFT market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading music NFT market vendors that include AirNFTs Platform, Asynchronous Art Inc., Blockparty Inc., Meta Jupiter Software Solutions Pvt. Ltd., Mintable.app, Mintbase, Onchain Labs Inc., Onlytech Industries Srl, Opulous, Ozone Networks Inc., Playtreks BV, Rarible Inc., Royal Markets Inc., Superlogic Inc., SuperRare Labs Inc., Tiki Labs Inc., TuneGO Inc., Zora Labs Inc., Gemini Trust Co. LLC, and Arpeggi Labs Inc.. Also, the music NFT market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR76837

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Method
Exhibit 06: Executive Summary - Chart on Market Segmentation by Product Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global music NFT market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global music nft market 2018 - 2022 ($ million)
4.2 Method Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Method Segment 2018 - 2022 ($ million)
4.3 Product Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Product Type Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Method

6.1 Market segments
Exhibit 30: Chart on Method - Market share 2023-2028 (%)
Exhibit 31: Data Table on Method - Market share 2023-2028 (%)
6.2 Comparison by Method
Exhibit 32: Chart on Comparison by Method
Exhibit 33: Data Table on Comparison by Method
6.3 Credit and debit cards - Market size and forecast 2023-2028
Exhibit 34: Chart on Credit and debit cards - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Credit and debit cards - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Credit and debit cards - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Credit and debit cards - Year-over-year growth 2023-2028 (%)
6.4 Cryptocurrencies - Market size and forecast 2023-2028
Exhibit 38: Chart on Cryptocurrencies - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Cryptocurrencies - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Cryptocurrencies - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Cryptocurrencies - Year-over-year growth 2023-2028 (%)
6.5 Others - Market size and forecast 2023-2028
Exhibit 42: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 43: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 44: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Others - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Method
Exhibit 46: Market opportunity by Method ($ million)
Exhibit 47: Data Table on Market opportunity by Method ($ million)

7 Market Segmentation by Product Type

7.1 Market segments
Exhibit 48: Chart on Product Type - Market share 2023-2028 (%)
Exhibit 49: Data Table on Product Type - Market share 2023-2028 (%)
7.2 Comparison by Product Type
Exhibit 50: Chart on Comparison by Product Type
Exhibit 51: Data Table on Comparison by Product Type
7.3 Album - Market size and forecast 2023-2028
Exhibit 52: Chart on Album - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Album - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Album - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Album - Year-over-year growth 2023-2028 (%)
7.4 Single song - Market size and forecast 2023-2028
Exhibit 56: Chart on Single song - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Single song - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Single song - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Single song - Year-over-year growth 2023-2028 (%)
7.5 Others - Market size and forecast 2023-2028
Exhibit 60: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 61: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 62: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Product Type
Exhibit 64: Market opportunity by Product Type ($ million)
Exhibit 65: Data Table on Market opportunity by Product Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 67: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 68: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 APAC - Market size and forecast 2023-2028
Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Japan - Market size and forecast 2023-2028
Exhibit 99: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 Canada - Market size and forecast 2023-2028
Exhibit 107: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 108: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 109: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 111: Market opportunity By Geographical Landscape ($ million)
Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 AirNFTs Platform
Exhibit 119: AirNFTs Platform - Overview
Exhibit 120: AirNFTs Platform - Product / Service
Exhibit 121: AirNFTs Platform - Key offerings
12.4 Asynchronous Art Inc.
Exhibit 122: Asynchronous Art Inc. - Overview
Exhibit 123: Asynchronous Art Inc. - Product / Service
Exhibit 124: Asynchronous Art Inc. - Key offerings
12.5 Gemini Trust Co. LLC
Exhibit 125: Gemini Trust Co. LLC - Overview
Exhibit 126: Gemini Trust Co. LLC - Product / Service
Exhibit 127: Gemini Trust Co. LLC - Key news
Exhibit 128: Gemini Trust Co. LLC - Key offerings
12.6 Mintable.app
Exhibit 129: Mintable.app - Overview
Exhibit 130: Mintable.app - Product / Service
Exhibit 131: Mintable.app - Key offerings
12.7 Mintbase
Exhibit 132: Mintbase - Overview
Exhibit 133: Mintbase - Product / Service
Exhibit 134: Mintbase - Key offerings
12.8 Onchain Labs Inc.
Exhibit 135: Onchain Labs Inc. - Overview
Exhibit 136: Onchain Labs Inc. - Product / Service
Exhibit 137: Onchain Labs Inc. - Key offerings
12.9 Opulous
Exhibit 138: Opulous - Overview
Exhibit 139: Opulous - Product / Service
Exhibit 140: Opulous - Key offerings
12.10 Ozone Networks Inc.
Exhibit 141: Ozone Networks Inc. - Overview
Exhibit 142: Ozone Networks Inc. - Product / Service
Exhibit 143: Ozone Networks Inc. - Key offerings
12.11 Playtreks BV
Exhibit 144: Playtreks BV - Overview
Exhibit 145: Playtreks BV - Product / Service
Exhibit 146: Playtreks BV - Key offerings
12.12 Rarible Inc.
Exhibit 147: Rarible Inc. - Overview
Exhibit 148: Rarible Inc. - Product / Service
Exhibit 149: Rarible Inc. - Key offerings
12.13 Royal Markets Inc.
Exhibit 150: Royal Markets Inc. - Overview
Exhibit 151: Royal Markets Inc. - Product / Service
Exhibit 152: Royal Markets Inc. - Key offerings
12.14 Superlogic Inc.
Exhibit 153: Superlogic Inc. - Overview
Exhibit 154: Superlogic Inc. - Product / Service
Exhibit 155: Superlogic Inc. - Key offerings
12.15 SuperRare Labs Inc.
Exhibit 156: SuperRare Labs Inc. - Overview
Exhibit 157: SuperRare Labs Inc. - Product / Service
Exhibit 158: SuperRare Labs Inc. - Key offerings
12.16 Tiki Labs Inc.
Exhibit 159: Tiki Labs Inc. - Overview
Exhibit 160: Tiki Labs Inc. - Product / Service
Exhibit 161: Tiki Labs Inc. - Key offerings
12.17 Zora Labs Inc.
Exhibit 162: Zora Labs Inc. - Overview
Exhibit 163: Zora Labs Inc. - Product / Service
Exhibit 164: Zora Labs Inc. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 165: Inclusions checklist
Exhibit 166: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 167: Currency conversion rates for US$
13.4 Research methodology
Exhibit 168: Research methodology
Exhibit 169: Validation techniques employed for market sizing
Exhibit 170: Information sources
13.5 List of abbreviations
Exhibit 171: List of abbreviations