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Large Enterprises Will Contribute 62% in Market Value of Blockchain in Media, Advertising, and Entertainment MarketPUNE, India, July 10, 2018 /PRNewswire/ -- According to a new market research report "Blockchain in Media, Advertising, and Entertainment Market by Provider, Application (Licensing & Rights Management, Digital Advertising, Smart Contracts, Content Security, Online Gaming, Payments), Enterprise Size, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the global market to grow from USD 51.4 million in 2018 to USD 1,000.1 million by 2023, at a Compound Annual Growth Rate (CAGR) of 81.1% during the forecast period. (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg ) Browse 41 market data Tables and 46 Figures spread through 139 Pages and in-depth TOC on "Blockchain in Media, Advertising, and Entertainment Market" https://www.marketsandmarkets.com/Market-Reports/blockchain-in-media-advertising-entertainment-market-22947718.html The increasing adoption of the blockchain technology for various applications in the media, advertising, and entertainment vertical and growing demand to eliminate intermediaries between content creator and end-users are expected to drive the Blockchain in Media, Advertising, and Entertainment Market.
In the Blockchain in Media, Advertising, and Entertainment Market, the payments application is used for transparent royalty payments to eliminate intermediaries between content creator and end-users. The blockchain technology also enables small transactions equivalent to fraction of cents, and the understanding of human languages via virtual chatbots. The use of blockchain technology by media companies helps them in improving the royalty payment process by real-time allocation of royalty payments.
By enterprise size, the Blockchain in Media, Advertising, and Entertainment Market is segmented into SMEs and large enterprises. The SMEs segment is expected to have a larger market size during the forecast period. The increasing demand for secured and faster transactions is expected to drive the adoption of blockchain technology among SMEs.
In the APAC region, global as well as domestic enterprises are investing in the Blockchain in Media, Advertising, and Entertainment Market. Increasing incidents of data piracy in the media, advertising, and entertainment vertical are expected to drive the adoption of blockchain solutions. The region has also emerged as a potential market that provides lucrative opportunities for the leading players in the market. The Blockchain in Media, Advertising, and Entertainment Market report encompasses the competitive landscape and company profiles of the key vendors based on their product offerings and business strategies. Major vendors in the Blockchain in Media, Advertising, and Entertainment Market include IBM (US), Microsoft (US), SAP (Germany), Accenture (Ireland), AWS (US), Oracle (US), Digital Currency Group (US), Bitfury Group (US), Factom (US), Guardtime (Estonia), BRAINBOY (Germany), ARK (US), Auxesis (India), Synereo (Israel), NYIAX (US), MetaX (US), BTL (Canada), Voise (Canada), UJo (US), BigchainDb (Germany), Bloq (US), Clearcoin (US), iProdoos (US), Current (US), and Decent (Switzerland).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact:
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