BLOCKCHAIN IN MEDIA, ADVERTISING AND ENTERTAINMENT MARKET TO REACH USD 1.3 BILLION BY 2024 | CAGR 81.6% – FORENCIS RESEARCH

Blockchain in Media, Advertising, and Entertainment Market Size, Share, Trends, Growth, Analysis, Research

Global Blockchain in Media, Advertising and Entertainment Market: Key Highlights

  • According to the new market research report Blockchain In Media, Advertising And Entertainment Market by Solution (Audience Engagement, Content Monetization, Compelling Content Creation and Subscription Management), By Type (Private Blockchain, Public Blockchain), By Application (Programmatic Advertising, Amination & Visual effects (VFX), Live Streaming, Online Gaming, Natural Language Generation (NLG), Personalized Content and Others), By Region (Asia-Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast 2019 to 2024)”, the global Blockchain In Media, Advertising And Entertainment Market is estimated to reach USD 1.3 Billion by 2024 at a CAGR of around 81.6% during the review period.
  • It create real time data transparency and trust with the digital platform which lead to increase the market demand.
  • However, copyright violation issues remain a major restraining factor for the growth of the blockchain in media, advertising and entertainment market

Blockchain In Media, Advertising And Entertainment Market

Global Blockchain in Media, Advertising and Entertainment Market: Key Market Dynamics

  • Increased automation and data reliability which will help to reduce fraud and protect the data with help of technology may lead to increase the demand of the market.
  • Advance the data management for right Key Performance Indicator (KPI) utilize the and the data for best result process.
  • Its help to reduce the role of third-party platforms for the verified advertisement which projected to increase the market demand in the forecast period.
  • With the increasing demand of artificial intelligence provide an efficient utilization of resources to minimize the costs associated with blockchain.

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Global Blockchain in Media, Advertising and Entertainment Market: Regional Overview

  • Asia-Pacific

The blockchain in media, advertising and entertainment market in the Asia-Pacific region is projected to witness high demand due to the high adoption of e-payment and digitalization in the region. The region can be new models for business with the adoption of blockchain technology as the region has the highly demand for financial sector. China is one of the leading player of blockchain market as it invested heavily on this technologies. Moreover, India has witness have adopted blockchain technology in banking and insurance which may increase the demand of the market of the projected period.

  • Europe

Owing to the rapid adoption of blockchain technology in public and private sector in Europe the demand for the market valves is expected to increase. According to the European Commission, the Germany is a world leading country in technology, engineering and innovation. Moreover, the Germany government deliver a blockchain strategy of the government that focused on the feature offer by the technology and for digital platform. 

However, the faster growing of the technologies may lead to increase the market demand in the forecast period.           

Global Blockchain in Media, Advertising and Entertainment Market: Key Players Overview

  • Amazon Web Services, Inc.:

Amazon Web Services, Inc. is a multinational technology company which focused on e-commerce, artificial intelligence, digital streaming and cloud computing. The company use the popular platform Hyperledger Fabric and Ethereum to managed services which will help to create and manage scalable blockchain. In 2018, the Amazon and ConsenSys' startup to offer simplified blockchain platforms.

  • Infosys Ltd:

Infosys Ltd is multinational corporation which provides the services that includes business consulting, and information technology. The company support is clients with sustainable ecosystems, transparency and reliable for the growth and development of the business. In 2018, the company has developed a powered distributed application-based on blockchain for insurance, government services and for the supply chain management sector.

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Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. We strive to help our clients to foray into uncharted space to attain increased revenue growth for the present as well as the future.

 

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Rep Id : ICT 024

Published : 2020-01-06