PUBLISHER: TechNavio | PRODUCT CODE: 1398166
PUBLISHER: TechNavio | PRODUCT CODE: 1398166
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
By Product Type
By Geographical Landscape
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:
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.
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