Global Blockchain in Media, Advertising, and Entertainment Market Growth (Status and Outlook) 2023-2029

Global Blockchain in Media, Advertising, and Entertainment Market Growth (Status and Outlook) 2023-2029

Blockchain technology is a disseminated ledger platform to get a grip of all your transactions in a protected and encrypted manner. It is a chain of blocks that is segregated across the network and connected together to provide a dependable, secure, and highly-advanced solution to record digital information. At its core, blockchain relies on a decentralised, digitalised and distributed ledger model. By its nature, this is more robust and secure than the proprietary, centralised models which are currently used in the trade ecosystem. Blockchain is a secure and encrypted digital database shared by all parties in a distributed network. Any transaction that occurs in the network is recorded, verified and stored in the database and visible to all participants, creating an unalterable transaction log. This structure bestows special properties on a blockchain, including greater transparency and security, because transaction activity can be tracked, fully verified and audited. Blockchain has the potential to transform several markets within media and entertainment, but particularly those where participants would benefit from the security and transparency that blockchain would offer, such as distribution of payments, funding, monetization and contract enforcement. In the media and entertainment sectors, blockchain has the potential to eliminate or dramatically lower transaction costs. For example, blockchain could enable a news website to charge readers per article, rather than per month. Low-cost micro-transactions like these can be processed through a blockchain without the fees that existing payment platforms demand. Taking it one step further, a blockchain ledger could be used to secure intellectual property like music and film, making it possible to enforce usage rights and mitigate. Blockchains can help M&E companies operate much more effectively within their business networks because they support consensus, provenance, immutability and finality, cost removal, and reduced tampering and fraud. It also contributes to enhanced data quality, increased trust, and reduction or elimination of disputes. Blockchain technology is still in the early stages of development, but given the excitement around the many ways it could be put to use, it’s not too soon for media and entertainment companies to start thinking about the possible implications for their businesses and the industry. Blockchain has the potential to disrupt the way content is produced, aggregated, distributed and consumed.
LPI (LP Information)' newest research report, the “Blockchain in Media, Advertising, and Entertainment Industry Forecast” looks at past sales and reviews total world Blockchain in Media, Advertising, and Entertainment sales in 2022, providing a comprehensive analysis by region and market sector of projected Blockchain in Media, Advertising, and Entertainment sales for 2023 through 2029. With Blockchain in Media, Advertising, and Entertainment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Blockchain in Media, Advertising, and Entertainment industry.
This Insight Report provides a comprehensive analysis of the global Blockchain in Media, Advertising, and Entertainment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Blockchain in Media, Advertising, and Entertainment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Blockchain in Media, Advertising, and Entertainment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Blockchain in Media, Advertising, and Entertainment and breaks down the forecast by type, by platform, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Blockchain in Media, Advertising, and Entertainment.
The global Blockchain in Media, Advertising, and Entertainment market size is projected to grow from US$ 300.4 million in 2022 to US$ 16820 million in 2029; it is expected to grow at a CAGR of 77.7% from 2023 to 2029.
Global key blockchain in media, advertising, and entertainment players include IBM, Amazon Web Services (AWS), Microsoft etc. The top 7 companies hold a share about 85%. North America is the largest market, with a share about 47%, followed by Europe and Asia-Pacific with the share about 27% and 15%. In terms of product, cloud based is the largest segment, with a share over 87%. And in terms of platform, the largest platform is Ethereum, followed by Hyperledger and Quorum.
This report presents a comprehensive overview, market shares, and growth opportunities of Blockchain in Media, Advertising, and Entertainment market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
On-Premise
Cloud Based
Segmentation by platform
Ethereum
Hyperledger
Quorum
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IBM
Amazon Web Services (AWS)
Microsoft
Oracle
SAP
ConsenSys
Accenture

Please note: The report will take approximately 2 business days to prepare and deliver.