Global Industry Analysts Inc (GIA) has published a new market report called “Blockchain in Media, Advertising, and Entertainment – Global Market Trajectory & Analytics“, which offers perspectives on opportunities and challenges in a rapidly developing marketplace.
The global market for Blockchain in Media, Advertising, and Entertainment is estimated to be valued at $195.9 million in 2020. In addition, this number is expected to reach $6.1 billion by 2026.
The US market is estimated to be valued at $102.3 million in 2021, while China could reach $850.3 million by 2026.
Other notable geographic markets include Japan and Canada, which are expected to grow at 69% and 65% respectively over the analysis period. Among the European nations, Germany shows high potential as it is forecast to grow at roughly 51.6% CAGR.
Looking at the global Infrastructure Providers segment, it is predicted to reach $1.5 billion by the year of 2026.
The combined market of China, Japan, and countries from North America and Europe for the Infrastructure Providers segment is valued at $37 million in 2020, and will reach a projected size of $1.8 billion by the end of the analysis period — with China taking the lead in terms of market growth.