NEW YORK, Dec. 11, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global non-fungible token (NFT) market size is estimated to grow by USD 68.16 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  30.23%  during the forecast period. Increasing demand for digital art is driving market growth, with a trend towards growing interest in nfts among major brands. However, uncertainty in nfts  poses a challenge. Key market players include AirNFTs Platform, Asynchronous Art Inc., Binance Holdings Ltd., Blockchain App Factory, Celer Network, Chaincella, Decentraland Foundation, Enjin Pte. Ltd., Foundation Labs Inc., Funko Inc., Gemini Trust Co. LLC, Mintable.app, Ozone Networks Inc., Out The Mud Ventures Inc., Rarible Inc., Sky Mavis, SuperRare Labs Inc., Tiki Labs Inc., Yellowheart LLC, Axie Infinity.Cloudflare, Inc.; PLBY Group, Inc.; Dolphin Entertainment, Inc.; Takung Art Co., Ltd.; Dapper Labs, Inc.; Onchain Labs, Inc

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Market Driver

NFTs, or Non-Fungible Tokens, have taken the art, athletes, and celebrities worlds by storm. These digital assets, representing unique items like artworks, collectibles, and even virtual real estate, are creating buzz in various industries. Blockchain technology powers NFTs, ensuring transparency, ownership, and scarcity. The gaming industry and media & entertainment sector are leveraging NFTs for tokenizing games, trading cards, and virtual items. Artists and athletes are minting NFTs of their digital artworks and collectibles, offering fans exclusive ownership. Augmented Reality (AR) and Extended Reality (XR) are enhancing the NFT experience, making it more interactive. The NFT community is growing, with online platforms enabling easy buying, selling, and trading. However, regulatory considerations, consumer protection, and legal frameworks are crucial. Fraud and taxation are concerns, with securities laws and intellectual property rights coming into play. Blockchain networks like Ethereum and proof-of-work/stake mechanisms ensure secure transactions. The NFT market is evolving, with potential applications in decentralized finance, music, and even virtual vehicles. The future looks promising, with the metaverse and virtual reality (VR) offering new possibilities. The White House and third parties are exploring NFTs, signaling mainstream adoption. 

Big brands, such as Visa Inc. And Budweiser, are increasingly exploring the Non-Fungible Token (NFT) market for potential earnings. In August 2021, Visa Inc. Made a significant investment by purchasing a CryptoPunk NFT for approximately USD165,000. This acquisition expanded Visa’s historic commerce artifacts collection. The primary motivation for these corporations is the opportunity to generate additional revenue. Furthermore, they are focusing on utilizing NFTs as incentives for consumers. For instance, NFTs can serve as innovative rewards, offering exclusive gifts to loyal customers. 

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Non-Fungible Tokens (NFTs) have disrupted the art, collectibles, and entertainment industries by allowing unique digital assets to be bought and sold as property. Artists, athletes, celebrities, and even the White House have joined the NFT community, creating digital artworks, collectibles, and virtual items backed by blockchain technology. NFTs provide proof of ownership, scarcity, and authenticity, making them attractive to investors. However, challenges persist, such as regulatory considerations under securities laws, consumer protection, and fraud. Distributed networks like Ethereum facilitate NFT trading, but logistical issues and taxation remain unclear. The gaming industry, media & entertainment, and decentralized finance are exploring NFTs for tokenization of games, virtual items, and digital property. Augmented Reality (AR) and Extended Reality (XR) are expected to enhance the NFT experience. However, legal frameworks and regulatory considerations need to address intellectual property, third-party rights, and securities laws. Ultimately, NFTs offer a new way to monetize and trade digital assets, but careful planning and regulation are crucial to ensure a fair and secure marketplace.The Non-Fungible Token (NFT) market presents both opportunities and challenges for sellers. Valuation of NFTs is uncertain due to the difficulty in determining future demand and pricing. Factors such as scarcity, uniqueness, and buyer perception play a significant role in determining NFT value. New sellers face challenges in anticipating buyer identity and purchase drivers. As the market continues to evolve, predicting future trends in NFT pricing remains difficult for new investors. The value of NFTs is subjective and dependent on buyer perception, leading to price fluctuations.

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This non-fungible token (nft) market report extensively covers market segmentation by  

Application 1.1 Collectibles1.2 Sports1.3 Arts1.4 OthersEnd-user 2.1 Personal2.2 CommercialGeography 3.1 APAC3.2 North America3.3 South America3.4 Europe3.5 Middle East and AfricaType

1.1 Collectibles-  Non-Fungible Tokens (NFTs) refer to unique digital collectibles, minted on the Blockchain. These collectibles are limited-edition and cannot be exchanged or replicated. Vendors offer online platforms for buying and selling NFTs. Key features include the owner’s exclusive right to sell, royalty payments on future sales, and protection against unauthorized use or copying. The NFT market’s expansion is fueled by the increasing demand for digital assets worldwide. Industries are going digital, and the Internet’s ubiquity, along with rising usage, encourages investments in digital assets. Tokenization, which creates digital tokens representing asset ownership, further boosts market growth. These factors are expected to significantly contribute to the growth of the global NFT market.

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The Non-Fungible Token (NFT) market is revolutionizing the way we buy, sell, and own digital assets. This innovative technology allows for the unique representation and ownership of electronic artworks, gaming items, and collectibles on the blockchain. The gaming industry has embraced NFTs, enabling tokenization of in-game items and creating new revenue streams. NFTs on Ethereum network provide scarcity and ownership, making digital artworks valuable and collectible. Legal frameworks are evolving to accommodate this new asset class, while AR, VR, and XR technologies enhance the NFT experience. Blockchain technology and cryptocurrencies power the NFT market, with Web 3 enabling decentralized finance and creating new distribution networks. Fraud prevention is crucial in this market, with NFT suppliers ensuring authenticity and ownership. The NFT market offers a new frontier for creators, collectors, and investors, with Magic Eden and other platforms serving as marketplaces for these unique digital assets.

The Non-Fungible Token (NFT) market is a revolutionary digital ecosystem where Art, Digital Artworks, and Collectibles come to life as unique, verifiable, and tradable assets on the blockchain. This decentralized platform allows Artists, Athletes, and Celebrities to monetize and showcase their Intellectual Property in the form of NFTs, including Painting, Music, and even Virtual Real Estate. Blockchain technology enables Ownership and Transfer of these Digital Assets with transparency and Security. NFTs are not limited to the Art World but extend to Gaming Industry, Sports Collectibles, Trading Cards, and Virtual Items. The market also includes Decentralized Finance, Cryptocurrencies, and Cryptocurrencies/assets. Regulatory considerations and Consumer Protection are essential aspects of this emerging market, with legal frameworks and Taxation being crucial. NFTs can be traded on various Online Platforms, and the market is expanding into Extended Reality (XR) and Metaverse, offering new opportunities for creators and investors. However, Fraud and Scam risks exist, highlighting the need for careful consideration and due diligence. NFTs represent a new frontier in the Digital Economy, with potential applications in various industries, including Media & Entertainment, Logistics, and even House and Vehicle ownership. Smart Contracts and Proof of Work or Stake are essential components of the NFT market, enabling seamless Transactions and Distribution Networks. The NFT community continues to grow, with various Third Parties offering services and solutions to facilitate the creation, trading, and management of NFTs. The NFT market is a dynamic and evolving space, offering endless possibilities for creators, investors, and consumers alike.

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationCollectiblesSportsArtsOthersEnd-userPersonalCommercialGeographyAPACNorth AmericaSouth AmericaEuropeMiddle East And AfricaType

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

NEW YORK, Dec. 11, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global intraoral scanners market size is estimated to grow by USD 915.75 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 11.68% during the forecast period. Increasing accuracy and productivity of intraoral scanners with advanced technologies and features is driving market growth, with a trend towards increasing prevalence of dental conditions using 3d dental scanners as advanced methods. However, high-cost burden poses a challenge. Key market players include 3M Co., 3Shape AS, 8853 Spa, Align Technology Inc., densys Ltd., Denterprise International Inc., Dentsply Sirona Inc., Durr Dental SE, Envista Holdings Corp., GC Corp., Glidewell, Guangdong Launca Medical Device Technology Co. Ltd., Henry Schein Inc., Institut Straumann AG, Intelliscan 3D, Midmark Corp., Owandy Radiology, Planmeca Oy, Shining 3D Tech Co. Ltd., Vatech Co. Ltd, Medit Corp.

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Market Driver

Intraoral scanners (IOS), also known as 3D scanners, are increasingly popular in dentistry due to their ability to create digital impressions of dental arches. IOS use imaging sensors and scanning software to generate point clouds and 3D surface models of teeth. This technology benefits orthodontists in diagnosing and treating conditions like edentulism, tooth loss, periodontal disease, dental caries, and gum issues, which are prevalent among the geriatric population and those with unhealthy lifestyles. Skilled professionals, including dentists and dental technicians, use IOS for various dental procedures, such as clear aligners, same-day dentistry, and dental implants. Brands like Cadent iTero, CEREC, E4D, TRIOS, CS, and I Series dominate the market. Hospitals and dental clinics invest in these systems for their advanced capabilities and opportunities for dental tourism. However, the high cost of IOS is a challenge for insurance providers and middle-class populations with lower income levels and disposable incomes. The dental disease burden, especially in emerging countries, presents an opportunity for growth. Dental practices and orthodontic laboratories are end users of these systems, contributing significantly to dental expenditure and patient population growth. 

Intraoral scanners, specifically 3D dental scanners, are revolutionizing the diagnostic process in dentistry. These advanced tools are increasingly being adopted for diagnosing dental and orthodontic conditions. The global prevalence of such conditions is on the rise, leading to a demand for diagnostic imaging products like 3D dental scanners. These scanners are utilized extensively in various dental fields, including orthodontics, endodontics, oral surgery, periodontics, and implant treatment planning. In the US alone, over 63% of adults aged 18 and above had a dental visit in 2020. This growing need for dental care is fueling the expansion of the global intraoral scanners market. 

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Market Challenges

Intraoral scanners (IOS), a type of 3D scanner used in dentistry, have revolutionized dental procedures by digitizing dental arches, eliminating the need for traditional impressions. IOS market growth is driven by the increasing prevalence of dental diseases such as periodontal disease, dental caries, edentulism, and tooth loss, particularly among the geriatric population and those with unhealthy lifestyles. However, challenges include the high cost of intraoral scanner systems, limited reimbursements from insurance providers, and the need for skilled professionals to operate these technologically advanced solutions. Brand segmentation includes Cadent iTero, CEREC, E4D, TRIOS, CS, and I Series. End users include hospitals, dental clinics, orthodontists, and dental practices. Opportunities exist in emerging countries with large patient populations and increasing dental disease burden. Clear aligners and same-day dentistry are gaining popularity, driving demand for IOS in orthodontics and dental implants. Middle-class populations in developing countries with rising income levels and disposable incomes represent a significant market opportunity. Dental expenditure is expected to increase, making IOS an essential investment for dental practices.Intraoral scanners represent innovative technology in the dental industry, enabling more accurate and efficient dental treatments. These devices scan the oral anatomy to provide better options for prostheses or oral supporting structures. However, the high cost of these scanners and the additional expenses for the scanning procedure can be a barrier for many patients. Unfortunately, dental insurance often does not cover diagnostic procedures for dental conditions. This, coupled with the fact that some American families cannot afford dental care, may result in delayed or skipped dental visits. Despite these challenges, the use of intraoral scanners offers significant benefits for improving oral health and treating various dental issues.

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Segment Overview

This intraoral scanners market report extensively covers market segmentation by

End-user1.1 Dental clinics1.2 Hospitals1.3 OthersType2.1 Powder free2.2 Powder basedGeography3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)ModalityApplications

1.1 Dental clinics- Dental clinics have become a significant contributor to the global intraoral scanners market due to their collaboration with insurance companies for complete dental coverage and increasing numbers. The demand for personalized care and modern IT solutions in dental clinics fuels market growth. Advanced imaging technologies enable customized therapeutic products, such as dental aligners, with minimal manual operation. Mobile dental clinics, like MobiDent, offer cost-effective treatment and are expanding their reach. MobiDent’s portable dental chair and partnerships with corporations and hospitals increase revenue. These factors make dental clinics the largest market segment, with mobile dental clinics driving growth in the intraoral scanners market.

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Research Analysis

Intraoral scanners (IOS), also known as 3D dental scanners, are advanced technological devices used in dentistry to digitally capture the shape and structure of dental arches. These scanners utilize imaging sensors and scanning software to create point clouds and generate precise 3D surface models of teeth and gums. IOS have revolutionized the dental industry, enabling dentists and orthodontists to diagnose and treat various oral health disorders such as edentulism, tooth loss, periodontal disease, dental caries, and unhealthy lifestyle-induced issues. The aging population and the rising prevalence of oral health disorders further fuel the market growth. Skilled professionals use IOS from brands like Cadent iTero, CEREC, E4D, TRIOS, CS, and I Series to cater to the end users, including hospitals and dental clinics, with high-quality, efficient, and accurate dental solutions.

Market Research Overview

Intraoral scanners (IOS), also known as 3D scanners, are technologically advanced solutions revolutionizing dentistry by digitizing dental arches, replacing traditional impression methods. IOS uses imaging sensors and scanning software to create point clouds and 3D surface models of dental structures. Orthodontists, dentists, and skilled professionals use these scanners for various dental procedures, including edentulism, tooth loss, gum issues, periodontal disease, dental caries, and oral health disorders. The geriatric population, middle-class population, and unhealthy lifestyle choices contribute to the increasing demand for IOS. Dental practices, hospitals, and dental clinics are significant end-users, while clear aligners, same-day dentistry, dental implants, and dental tourism are growing applications. However, high cost and insurance reimbursements are challenges. IOS market share includes brands like Cadent iTero, CEREC, E4D, TRIOS, CS, I Series, and others. The market is expected to grow due to the opportunity presented by the aging population, dental disease burden, and increasing dental expenditure.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userDental ClinicsHospitalsOthersTypePowder FreePowder BasedGeographyNorth AmericaEuropeAsiaRest Of World (ROW)ModalityApplication

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

GEORGE TOWN, Cayman Islands, Dec. 11, 2024 /PRNewswire/ — a Judge in the Financial Services Division of the Grand Court has approved a one-year extension to an Amended Writ launching a sweeping derivative action against Genimous Technology Corporation, and its alleged co-conspirators (including Eightpoint Technologies Ltd SEZC (‘Eightpoint’), East End Technologies Ltd (‘EET’), Spigot Inc (now Eightpoint Interactive Inc), and Advanced Commercial Solutions Ltd (‘ACS’)).  The derivative action alleges that the Chinese company Genimous and its alleged co-conspirators misappropriated the computer code, data, and other intellectual property underlying apps belonging to Position Mobile in order to create copycat apps in Eightpoint, EET, and ACS.  The apps in question are currently available to install from the Google Play Store and Apple App Store.  While the Cayman based defendants have already been served with proceedings, the ruling on the extension will allow for service of process upon corporate and natural defendants located in the People’s Republic of China, as well as the US, under the auspicious of The Hague Convention on Service Abroad of Judicial and Extrajudicial Documents.  Sources include judicial.ky/public-registers, play.google.com, apple.com/app-store, and technologyinvestmentconsortium.com.

About TIC and Position Mobile:  Position Mobile is a Cayman Islands company created to develop and market mobile apps. Technology Investment Consortium LLC is co-founder of and largest single shareholder in Position Mobile.

About Genimous Technology Corporation:  Genimous Technology Corporation is a listed company on the Shenzhen stock exchange in the PRC (symbol 000676.SZ).  It is chaired by Hongda Lu, a former member of the IPO committee of the CSRC.  Genimous, as well as it’s US and Cayman subsidiaries, count Yahoo and other advertising networks as key partners to monetize its portfolio of apps, including multiple apps from Position Mobile.

View original content:https://www.prnewswire.com/news-releases/judge-approves-extension-in-case-alleging-intellectual-property-impropriety-by-china-based-genimous-302329551.html

SOURCE Technology Investment Consortium, LLC