Blockchain in Media and Entertainment Market Rising Trends, Demand and Future Scope 2023 to 2030 - IBM Corporation, Microsoft Corporation, SAP SE

Blockchain is a digital immutable, secure, encrypted, and distributed ledger for recording real-time transactions. The first blockchain transaction ledger was introduced in 2009, to serve as a public transaction ledger for cryptocurrency Bitcoin, which is now poised to revolutionize the media and entertainment industry. Digitalization across the media and entertainment industry has caused a massive expansion in the way media and entertainment services are accessed by the consumers. Blockchain technology has the potential to transform several processes within the media and entertainment industry for content security, license & rights management, digital advertising, and royalty distribution. Blockchain allows secure and resilient data transactions and consists of a peer-to-peer network, a distributed ledger for recording the transactions, and a consensus mechanism to validate the transactions.

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This distributed ledger of blockchain offers visibility, traceability, and transparency to the media and entertainment companies and the supply chain trade partners. The technology has immense potential to reinvent business functions and facilitate secured transactions across the media industry. The media and entertainment industry has mostly been a contract-based business. Smart contracts built on blockchain enables counterparties to automate transactions, resulting in fast, accurate, and cost-effective contract management across the media and entertainment industry. With the help of blockchain technology, media and advertising enterprises are able to eliminate fraud, reduce costs, and increase transparency within critical and time-consuming business processes. Further, blockchain technology helps the media and entertainment companies to effectively protect Intellectual Property (IP) rights of content such as music records.

The global Blockchain in Media and Entertainment market was valued at US$ 480.4 million in 2022 and is projected to reach US$ 1520.8 million by 2029, at a CAGR of 17.9% during the forecast period. The Blockchain in Media and Entertainment market report is determined from perspective of upcoming development based on the condition of the existing industry perspective. Several data researchers, and analysts have analyzed crucial products as well as participant data analysis according to major statistic and the elaboration of the segmented geographical regions, end-use industries and application-driven aspects. The whole research report on the Blockchain in Media and Entertainment market concentrated on the valuable data and various other factors. Additionally, the report delivers a comprehensive overview, pie charts, tables, diagrams, and tables to assist the growth of the Blockchain in Media and Entertainment market.

Profitable players of the Blockchain in Media and Entertainment market are:

IBM Corporation
Microsoft Corporation
SAP SE
Amazon Web Services
Oracle Corporation
Infosys Limited
Bitfury USA Inc.
Factom Inc.
GuardTime,AS
Auxesis Group
Nyiax Inc.
MetaX
BTL Group

Product types of the Blockchain in Media and Entertainment industry are:

Bitcoin
Ripple
Ethereum
R3 Corda
Other

Applications of this report are:

Content Security
Licensing and Rights Management
Smart Contract
Pay
Digital Advertising
Online Game
Other

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Essential regions of the Blockchain in Media and Entertainment market are:

• Blockchain in Media and Entertainment North America Market includes (Canada, Mexico, USA)
• Blockchain in Media and Entertainment Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
• Blockchain in Media and Entertainment Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
• Blockchain in Media and Entertainment South America Market includes (Brazil, Argentina)

FAQs: -

1. What are the sales, production, consumption, imports, and exports of the global market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
2. Who are the major manufacturers who dominate the world market?
3. What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels?
4. What are the market's risks and opportunities?

What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Blockchain in Media and Entertainment industry.

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Pivotal questions answered in the global Blockchain in Media and Entertainment market report:

• What are the major value propositions of the Blockchain in Media and Entertainment market?
• What are the new strategical frameworks that are mobilized among players to accomplish resilience in the wake of the COVID-19 pandemic?
• What technologies are expected to adopt the new regulations in Blockchain in Media and Entertainment report?
• What are the key collaborations generated by the vendors to consolidate their position in the Blockchain in Media and Entertainment market?
• What are the vital offerings new entrants concentrate on to implement unique positioning strategies?
• What are the futuristic prospects of the Blockchain in Media and Entertainment market across the globe?

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