The blockchain in media, advertising, and entertainment market size is expected to grow from US$ 1.1 billion in 2023 to US$ 118.2 billion by 2031; it is anticipated to expand at a CAGR of 79.4% from 2023 to 2031. Increasing cases of data piracy in the media, entertainment, and advertising sectors are expected to boost the blockchain in media, advertising, and entertainment market growth.
The rising requirement for blockchain technology in the media and entertainment sector is attributed to the increasing commercialization of content and widespread infringement of intellectual property (IP). The escalating necessity to remove intermediaries between content creators and end-users, the surging demand for secure and expedited transactions, and the escalating occurrences of data piracy in the entertainment and media industries are significant factors propelling the market forward.
The scope of the blockchain in media, advertising, and entertainment market report is primarily divided into five regions - North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is experiencing rapid growth and is anticipated to hold a significant blockchain in media, advertising, and entertainment market share. The region's adoption of blockchain technologies in media, entertainment, and advertising verticals for various applications, such as licensing and rights management, digital advertising, smart contracts, content security, online gaming, and payments, is a significant contributing factor to its market growth.
The regional trends and factors influencing the Blockchain in Media, Advertising, and Entertainment Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Blockchain in Media, Advertising, and Entertainment Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1.1 billion |
| Market Size by 2031 | US$ 118.2 billion |
| Global CAGR (2023 - 2031) | 79.4% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Blockchain in Media, Advertising, and Entertainment Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Blockchain in Media, Advertising, and Entertainment Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The "Blockchain in Media, Advertising, and Entertainment Market Analysis" was carried out based on component, type of blockchain, enterprise size, application, and geography. In terms of component, the market is segmented into solution and services. Based on type of blockchain, the market is segmented into public and private. Based on enterprise size, the market is segmented into SMEs and large enterprise. Based on application, the market is segmented into licensing and rights management, digital advertising, smart contracts, content security, online gaming, and payments. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Companies adopt inorganic and organic strategies such as mergers and acquisitions in the market. The blockchain in media, advertising, and entertainment market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. A few recent key market developments are listed below:
[Source: Eros Now, Company Website]
The market report on “Blockchain in Media, Advertising, and Entertainment Market Size and Forecast (2021–2031)”, provides a detailed analysis of the market covering below areas-
Streamlined royalty payments and usage-based billing models are anticipated to play a significant role in the market in the coming years.
The key players holding majority shares in the market are IBM; Amazon Web Services, Inc.; Microsoft; Oracle; and Infosys Limited.
The market was estimated to be US$ 1.1 billion in 2023 and is expected to grow at a CAGR of 79.4% during the forecast period 2023 - 2031.
The market is expected to reach US$ 118.2 billion by 2031.
The growing need for secure and faster transactions and the rising demand for eliminating intermediaries between content creators and end-users are the major factors that propel the market.