The global Non-Fungible Tokens (NFT) analytics tools market revenue totaled ~US$ 124.7 Million in 2021. The NFT analytics tools market is expected to reach ~US$ 506.2 Million by 2032, growing at a CAGR of 13.7% from 2022 to 2032.
By the end of 2022, the market is predicted to be worth US$139.8 million, according to the analysis. According to Future Market Insights, in the near future, creators may be affected by the benefits of both companies’ goods as well as important developments like Adobe’s acquisition of Figma. For instance, Behance, a platform that lets users link their Bitcoin wallets and NFTs to their profiles, is owned by Adobe, while Figma provides startup kits for NFT creators.
Due to the ownership and provenance evidence that lies at the core of NFTs, they can assist companies across a wide range of industries with their operations. Collections also have access to a potent branding strategy that enhances their public image by providing commercial rights to NFT owners for assets.
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Key Takeaways: Non-Fungible Tokens (NFT) Analytics Tools Market
- By Tool Type, the Mobile NFT Analytics Tool segment is growing dominantly with a CAGR of around 16.4% between 2022 & 2032.
- By End User, the Individual Users is growing dominantly with a CAGR of around 12.7% between 2022 & 2032.
- By Region, North America Non-Fungible Tokens (NFT) analytics tools market in 2021 was holding the highest market share of around 35.2%, whereas the East Asia region is estimated to grow at a CAGR of around 12.1% in the forecast period.
“The NFT analytics tools allow users to track the prices of NFTs, get insights into the NFT market, and help to find out which NFTs are rare and profitable for users. With help of the NFT analytics tool, users can get time-to-time alerts which helps them for profitable investments” says FMI analyst.
Why is the Demand for NFT Analytics tools increasing?
NFT trading is a growing exponent as it has become highly popular with the introduction of NFT platforms. The procedure for buying NFTs has also become easier, resulting in higher adoption of NFTs by general consumers. With cryptocurrency exchanges increasingly allowing NFTs, the number of users purchasing and trading is expected to increase. NFT transactions are associated with significant and hidden gas charges that most first-time users are
unaware of, which creates a restrain for the market. But, with the help of NFT analytics tools, the user can gather or collect information about hidden gas fees which helps them to save their money. Due to such factors, the demand is NFT analytics tools is increasing during the forecast period.
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NFT Analytics Tools Outlook by Category
Global Non-Fungible Tokens (NFT) Analytics Tools Market Outlook Tool Type:
- Web-based NFT Analytics Tool
- Mobile-based NFT Analytics Tool
By End User, Non-Fungible Tokens (NFT) Analytics Tools Market Outlook is segmented as:
- Individual Users
- Commercial/Business Users
By Region, the Non-Fungible Tokens (NFT) Analytics Tools Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- The Middle East and Africa (MEA)
Table of Content
1. Executive Summary | Crypto Tax Software Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Pricing Analysis
4.1. Types of Pricing Models
4.2. Global Pricing Analysis Benchmark
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