Online Art Market to Hit $23.79 Billion by 2030: Cognitive Market Research
Read Full Market Analysis Online Art: by Type (Paintings, Drawings, Sculptures, and Others); by End Customer (Foreign customers and Domestic customers); by Region (North America, Europe, Asia Pacific, Latin America and Middle East, and Africa) Global Industry Analysis, COVID-19 Impact, and Industry Forecast, 2018-2030
Online Art Industry Statistics 2022:
What are the Growth, Drivers, and Opportunities for the Online Art Industry?
The rising disposable income in developing and developed countries drive the demand for smart devices such as tablets, smartphones etc. The increasing adoption of smart devices and internet penetration has significantly impacted on many industries, including the art market. People can access to different forms of art from various regions drive the online art market. With more people shopping online, the art market has seen an increase in sales through online channels. This has led to the growth of online art marketplaces and platforms, which have become an increasingly important sales channel for artists and galleries.
Online art marketplaces and platforms have made it easier for artists to reach a wider audience beyond their local or regional markets. This has also made it easier for collectors to discover and purchase art from artists worldwide. Due to internet accessibility, it is convenient and easy to access different art and make an online payment. Access to a broader audience can lead to increased sales and revenue, as artists can reach more potential buyers than ever before.
Shipping and handling challenges of different art forms, such as paintings, drawings, and sculptures, can hamper the growth of the online art market. For instance, many artworks are fragile or oversized, making them difficult to ship and handle. This increases the shipping cost due to the need for better packaging. Shipping artwork across international borders can be particularly challenging, as there are often strict regulations and customs requirements that must be followed.
Due to the rising disposable income and exposure to the art sector, there has been a growing awareness and appreciation for online art in emerging regions in recent years. The increasing availability and accessibility of technology has allowed artists from these regions to showcase their work to a global audience. Growing literacy rate of people in developing countries and increased recognition of the value of cultural diversity. It influences the interest in discovering new and unique artwork from different regions of the world, which provides immense opportunities for the online art market.
Check the Full Report, including Global, Regional, and Country Level Analysis:
https://www.cognitivemarketresearch.com/online-art-market-report
Our Free Sample Report Includes:
How COVID-19 has Impacted the Online Art Industry?
The COVID-19 pandemic had a significant impact on the overall art market, and the online art sector is one of the most affected due to the lockdown and closing of borders. The online art market has dropped enormously during the COVID-19 pandemic. The lockdown situation focused on the healthcare industry and economic uncertainty and these are the other factors responsible for the drop in the online art market. In addition, the pandemic has accelerated the online shopping trend, which has also impacted the art market. Many art lovers are comfortable buying art online.
Online Art Market Report Scope
Online Art Market – Type Outlook (Revenue, USD Billion, 2018 – 2030)
Online Art Market – End-customer Outlook (Revenue, USD Billion, 2018 – 2030)
Online Art Market – Regional Outlook (Revenue, USD Billion, 2018 – 2030)
List of Key Players in the Online Art Market
Recent Developments;
Related Reports on Online Art Market:
The global art market was valued at USD 65.0 Billion in 2021. Art plays an important role in reflecting and shaping culture, and as such, it continues to be highly valued and appreciated. This drives the global art market.
Other Related Reports:
Explore Other Cognitive Market Research's Service & Software Industry Reports
About Cognitive Market Research
Cognitive Market Research has evolved as one of the leading market research and consulting firms providing services across multiple domains. Our team of researchers gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we gather information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
Follow Us: LinkedIn | Twitter
Blog:Augmented Reality and Virtual Reality are Increasing the Efficiency of Dentistry
Analyzing the Data Loss Prevention Market
How to Contact Us:
Nicolas Shaw
Global Sales Manager
Cognitive Market Research
Phone: USA: (+1) +1 312-376-8303 | Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785 | India: (+91) 983-496-8611
Email: [email protected]
Web: https://www.cognitivemarketresearch.com
Athenaeum Subscription
Research Methodology
Logo: https://mma.prnewswire.com/media/1989016/Cognitive_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/online-art-market-to-hit-23-79-billion-by-2030-cognitive-market-research-301793268.html
