![]() ![]() Why is the Non-Fungible Token Market Soaring? Under the asset type segment, digital assets dominate the market with 75.1% market share in 2022. Market share analysis of asset type and region is provided in the above image. Long Term (2028-2032): Rise of NFT companies that offer better performance and lower fees will increase demand for NFTs, exponentially.ĭuring the years 2017-2021, the global NFT market registered a CAGR of 652.1%, and according to the analysis by Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 25% CAGR through 2032.Medium Term (2025-2028): Asia Pacific anticipated to witness high demand for non-fungible tokens from several end-use sectors, fueled by favorable government initiatives. ![]()
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