Global Blockchain in Media Advertising and Entertainment Market Size To Worth USD 138.89 Billion By 2033 l CAGR Of 60.82%
Category: Information & TechnologyGlobal Blockchain in Media Advertising and Entertainment Market Size To Worth USD 138.89 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Blockchain in Media Advertising and Entertainment Market Size is to Grow from USD 1.2 Billion in 2023 to USD 138.89 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 60.82% during the projected period.
Get more details on this report -
Browse key industry insights spread across 253 pages with 110 Market data tables and figures & charts from the report on the " Global Blockchain in Media Advertising and Entertainment Market Size, Share, and COVID-19 Impact Analysis, By Type (Public, Private, and Consortium), By Enterprise Size (SMEs, and Large Enterprises), By Application (Licensing and Rights Management, Digital Advertising, Online Gaming, Content Security, Payments, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033" Get Detailed Report Description Here https://www.sphericalinsights.com/reports/blockchain-in-media-advertising-and-entertainment-market
Blockchain technology in the media and entertainment industries provides a new approach to content distribution, rights management, and monetization. At its basis, blockchain offers a decentralized and secure mechanism for confirming and recording transactions, eliminating the need for intermediaries and ensuring transparency. Blockchain technology allows innovators in the media and entertainment industries to securely register and safeguard intellectual property rights by storing immutable records on a distributed ledger. As the entertainment market share grows, the media and entertainment sectors are quickly adopting this technology. Blockchain and other cutting-edge technologies are revolutionizing the media and entertainment sectors by allowing for real-time consumption. The blockchain sector in media, advertising, and entertainment is quickly growing as businesses grasp the disruptive impact of blockchain technology. The increasing demand for transparency is a major driver of blockchain adoption in media, advertising, and entertainment. The demand for improved transaction transparency and copyright ownership in media and advertising drives blockchain adoption. This system ensures that all transactions and license agreements are maintained in an immutable database. Furthermore, blockchain networks, particularly public ones, frequently struggle to manage large volumes of transactions while keeping adequate bandwidth.
The private segment dominated the market with the highest market revenue share of the blockchain in media advertising and entertainment market during the projected timeframe.
Based on the type, the blockchain in media advertising and entertainment market is divided into public, private, and consortium. Among these, the private segment dominated the market with the highest market revenue share of the blockchain in media advertising and entertainment market during the projected timeframe. Private blockchains enable media and entertainment companies to maintain high levels of data privacy and integrity by restricting access to only authorized users. Private blockchains outperform public blockchains in terms of scalability and speed. These systems can handle more transactions per second, which is crucial for media companies that process an extensive amount of transactions daily.
The large enterprises segment is anticipated to grow at the fastest CAGR growth of the blockchain in media advertising and entertainment market during the projected timeframe.
Based on the enterprise size, the blockchain in media advertising and entertainment market is divided into SMEs and large enterprises. Among these, the large enterprises segment is anticipated to grow at the fastest CAGR growth of the blockchain in media advertising and entertainment market during the projected timeframe. Large businesses usually operate on a worldwide scale, complicating their operations and necessitating the usage of advanced technologies such as blockchain technology. Large organizations using blockchain in media and advertising can create industry-wide standards and procedures that smaller enterprises may eventually adopt.
The payments segment is expected to grow the largest market share of the blockchain in media advertising and entertainment market during the projected timeframe.
Based on the application, the blockchain in media advertising and entertainment market is divided into licensing and rights management, digital advertising, online gaming, content security, payments, and others. Among these, the payments segment is expected to grow the largest market share of the blockchain in media advertising and entertainment market during the projected timeframe. Blockchain technology provides payments more transparent, secure, and efficient. Blockchain technology provides a secure, immutable record of transactions for significant transactions in media and entertainment, such as film funding or royalty payments, thus decreasing fraud and illegal claims.
North America is expected to hold the largest share of the blockchain in media advertising and entertainment market over the forecast period.
Get more details on this report -
North America is expected to hold the largest share of the blockchain in media advertising and entertainment market over the forecast period. This dominance is primarily due to the robust technical infrastructure and early embrace of digital developments by American and Canadian enterprises. North America benefits from the presence of big technology businesses and start-ups pioneering blockchain applications, which is accelerating the integration of this technology into media operations. Large expenditures in blockchain research and development, cooperation between technology providers and media businesses, and government initiatives promoting blockchain technology all contribute to driving North American expansion.
Asia Pacific is predicted to grow at the fastest pace in the blockchain in media advertising and entertainment market during the projected timeframe. The Asia Pacific (APAC) region's blockchain in media and entertainment market is expected to grow at the fastest rate, owing to an increase in the prevalence of data piracy, an increase in the adoption of advanced solutions in developing countries such as China, India, South Korea, and others, and an increase in the number of blockchain in media and entertainment service providers.
Major vendors in the blockchain in media advertising and entertainment market include IBM, SAP, Digital Currency Group, BRAINBOY, Bitfury Group, Factom, Microsoft Corporation, Clearcoin, Amazon Web Services, Accenture, Infosys Limited, MetaX, iProdoos, Guardtime, and others.
Recent Developments
- In July 2024, The newest intelligence analysis published by AMA Research was named "Global Blockchain in Media and Entertainment Market Outlook to 2028." A detailed analysis was undertaken to present the most recent insights into the important components of Blockchain in the Media and Entertainment industries.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the blockchain in media advertising and entertainment market based on the below-mentioned segments:
Global Blockchain in Media Advertising and Entertainment Market, By Type
- Public
- Private
- Consortium
Global Blockchain in Media Advertising and Entertainment Market, By Enterprise Size
- SMEs
- Large Enterprises
Global Blockchain in Media Advertising and Entertainment Market, By Application
- Licensing and Rights Management
- Digital Advertising
- Online Gaming
- Content Security
- Payments
- Others
Global Blockchain in Media Advertising and Entertainment Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?