DIGITAL ARTWORK MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Digital Artwork Market, By Type (Digital Paintings, Digital Sculptures, Digital Photographs, Digital Collage, Gif Art, Generative Art, Others), By Medium (2D, 3D, VR, AR, Video, Interactive, Others), By Distribution Channel (Online Channels, Offline Channels, Others), By End Use (Personal, Commercial, Investment, Others), By Price Range (Less than $100, $100 to $1,000, $1,000 to $10,000, More than $10,000, Others), By Artist Type (Amateur, Professional, Independent, Commercial, Emerging, Established, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Digital Artwork Market Regional Insights

North America is expected to be the largest market for digital artwork during the forecast period, accounting for over 38.5% of the market share in 2023. The growth of the market in North America is attributed to the high concentration of renowned museums, art galleries, auction houses, and art fairs in the region, along with a thriving community of digital artists.
Europe market is expected to be the second-largest market for digital artwork, accounting for over 32.2% of the market share in 2023. The growth of the market in Europe is attributed to the presence of major art hubs like Paris, rising millennial interest in digital art, and growing NFT adoption.
Asia Pacific market is expected to be the fastest-growing market for digital artwork, with a CAGR of over 16.3% during the forecast period. The growth of the market in Asia Pacific is attributed to the expanding middle-class population with increasing disposable incomes and interest in collecting digital art.