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Blockchain Gaming Market Analysis And Trends By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast 2027

“Sky Mavis (Vietnam), Splinterlands (US), Animoca Brands (Hong Kong), Wemade (South Korea), Dacoco (Switzerland), Dapper Labs (Canada), Immutable (Australia), Uplandme (US), AlwaysGeeky Games (Canada), Decentraland Foundation (China), Mythical Games (US), Illuvium (Australia), Sorare (France), PopCap Games (US), G.JIT Japan (Japan), and Codebit Labs (Australia).”
Blockchain Gaming Market by Game Type (Role Playing Games, Open World Games, Collectible Games), Platforms (ETH, BNB Chain, Polygon), and Region (North America, Europe, Asia Pacific, Rest of the World) – Global Forecast to 2027

MarketsandMarkets forecasts that the global blockchain gaming market is projected to grow from USD 4.6 billion in 2022 to USD 65.7 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 70.3% during the forecast period. Increased investments and funding in blockchain games are driving market growth.

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What is blockchain gaming?

Blockchain games are online games developed by integrating blockchain technology into them. A blockchain game uses blockchain technology, including cryptocurrencies and NFTs, so that game players can buy, sell, or trade in-game assets through gameplay. Blockchain gaming enables players to truly own their game assets in a secure and transparent way.

By Platform, BNB Chain to grow at the highest CAGR during the forecast period

In February 2022–Binance Chain and Binance Smart Chain merged to form the BNB Chain. Binance Chain also rebranded into the BNB Beacon Chain. Binance Smart Chain changed its name to BNB Smart Chain but maintained its abbreviation, BSC. The Binance blockchain ecosystem is rapidly being adopted in the Web3 gaming space, also called GameFi. BNB Chain has grown to become a community-driven, permissionless, and decentralized blockchain ecosystem. To offer progressive decentralization, BNB Chain community has made technical upgrades over the past few years. The chain and its apps can be accessed by users without permission, provided that they have a crypto wallet and some BNB to pay for fees. It gives developers the tools to implement cutting-edge smart contracts and dApps. It supports quick, inexpensive, and efficient DeFi transactions. BNB Smart Chain and Ethereum use a gas model for transaction fees, which measures the complexity of a single transaction. BNB Smart Chain has cheaper transaction fees and faster operations. Era7, Chain of Legends, Tiny World, BinaryX, and Elfin Kingdom are some of the famous games that use BNB Chain.

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By Region, Asia Pacific to account for the largest market size during the forecast period

With existing game developers and new creatives alike coming up, the Asia Pacific region is one of the key markets in blockchain gaming. There are approximately 3 billion gamers worldwide. Out of this, Asia Pacific accounts for almost half of it. In the popularization of professional gaming culture, a dominant role has been played by the Asian eSports business. Besides the original gaming giants Korea and China, several countries are now beginning to expand their influence in the sector. This expansion is being carried out through active measures and investments in related infrastructure. Global investing firms are reviewing the market’s economic potential as several Asia Pacific countries plan to grow their eSports industry. Due to the existing interest in gaming in the region, Southeast Asia is quickly developing as a blockchain gaming hub for the community. With the rise of crypto and NFTs, Blockchain gaming is also expanding in the Asia Pacific region.

Unique Features in the Blockchain Gaming Market 

Blockchain technology makes it possible for in-game assets to be truly owned. It permits players to safely purchase, sell, and exchange digital goods on decentralised marketplaces, as well as to provide asset ownership transparency and authenticity.

An unchangeable blockchain ledger records transactions and game events, guaranteeing gaming integrity, security, and transparency while thwarting fraud, cheating, and unauthorised changes.

Games and virtual worlds can communicate with each other more easily thanks to blockchain-based gaming platforms. This makes character and asset transfers between games and platforms smooth and easy, which improves player engagement and experiences.

Player-driven economies are made possible by blockchain-powered gaming environments, wherein users may take part in decentralised governance, make virtual economies grow, and receive incentives, tokens, and cryptocurrency through gameplay.

Through smart contracts and cryptographic algorithms, blockchain technology makes proved fairness in gaming possible. This increases confidence and fairness in gaming by guaranteeing that game outcomes are visible, verifiable, and devoid of prejudice or manipulation.

Major Highlights of the Blockchain Gaming Market 

The market is expanding quickly because to the growing use of blockchain technology in gaming and the desire for provably fair gameplay and decentralised ownership of in-game assets.

By allowing players to actually own and trade digital assets within blockchain-based games, the integration of non-fungible tokens (NFTs) has completely changed the gaming industry and sparked the rise of virtual economies and digital collectibles.

Play-to-earn models, made possible by blockchain gaming, enable users to obtain cryptocurrencies or tokens through gameplay, challenge completion, and ecosystem contributions, turning gaming into a possible source of revenue.

The frictionless transfer and interoperability of in-game assets and characters between various games and virtual worlds is made possible by blockchain gaming systems, which improves user experiences.

Blockchain technology improves trust and fairness in gaming by providing provably fair gameplay through transparent and verifiable game mechanics recorded on an immutable blockchain ledger.

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Competitive overview:

The blockchain gaming market is led by some of the globally established players, such as Sky Mavis (Vietnam), Splinterlands (US), Animoca Brands (Hong Kong), Wemade (South Korea), Dacoco (Switzerland), Dapper Labs (Canada), Immutable (Australia), Uplandme (US), AlwaysGeeky Games (Canada), Decentraland Foundation (China), Mythical Games (US), Illuvium (Australia), Sorare (France), PopCap Games (US), G.JIT Japan (Japan), Double Jump.Tokyo (Japan), Gala Games (US), Lucid Sight (US), Rokosoft (Istanbul), Horizon Blockchain Games (Canada), Xaya (Malta), Planetarium (South Korea), Binamon (Argentina), and Codebit Labs (Australia). These players have adopted various growth strategies, such as partnerships, agreements, collaborations, acquisitions, and product developments, to increase their market presence.

Sky Mavis, founded in 2019 and headquartered in Vietnam, is a technology company that specializes in the development of decentralized applications and services. During the crypto boom in 2021, Axie infinity boasted around 2.7 million active users. It has a very strong user base in the Philippines, as thousands of young people in the region consider it a reliable source of income. Along with the blockchain-based game, Sky Mavis provides a marketplace to sell items and also offers a launchpad for blockchain games named Mavis Hub. Sky Mavis uses Ronin Wallet to store digital items and currencies. In 2021, Sky Mavis launched Ronin, a blockchain network. Ronin was created using the Ethereum Virtual Machine (EVM). Ronin enables millions of in-game micro-transactions to take place smoothly by speeding up transactions and significantly lower gas costs for its rapidly expanding user ecosystem. Sky Mavis is advancing its vision of creating a game universe with the help of interconnected, immersive, and rewarding experiences. For that, the company has recently announced a multi-year partnership with Google Cloud. In July 2022, Sky Mavis raised funding of USD 150 million from Binance.

Splinterlands, founded in 2018, is one of the most popular blockchain-based games in the world. It is a card-based online game. With over 400,000 daily active accounts and large numbers of new players signing up daily, it expanded nearly 30 times in 2021. Splinterlands is built on the Hive blockchain. It is committed to Web 3.0 technology. In this game, a deck of cards is collected by players. These cards have unique features or attributes. They are used to playing in a battle against other players. This game enables players to win real money in the game. The game has a user base of more than 2.4 million. With around 1 million active wallets, its total transaction volume on the blockchain approached 5 million daily. Its user community includes users from 149 countries speaking ten languages. The game recently announced its significant milestone of 3 billion battles played since its launch.

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The Rise of Wearable Technology: Unveiling Trends, Innovations, and Market Dynamics

“Wearable Technology Market”
Wearable Technology Market Analysis and Forecast to 2032: By Product, (Wrist-Wear, Eye-Wear & Head-Wear, Foot-Wear, Neck-Wear, Body-wear) Type, (Wearable Textiles, Wearable Products & Devices (Non-Textiles)) Application, (Consumer Electronics, Healthcare, Enterprise and Industrial Application) and Region.

Market Definition:

Incorporating MEMS sensors such as accelerometer, gyroscope, and magnetometer into specialized wearable devices has led to rapid growth of wearable device market. These sensors have aided the fitness tracking wearable in monitoring body activities. Factors such as rising demand for smart devices in the healthcare sector and a surge in demand for IoT devices will propel the market forward.

The increased frequency of chronic diseases and obesity has led to increased adoption of wearable gadgets such as activity trackers and body monitors that provide real-time data on a user’s overall health. These wearable gadgets also provide data on daily activities and physiological data like calories expended, heart rate, oxygen level, blood pressure, cholesterol level, and sleep.

According to a HIMSS survey, more than half of healthcare providers regarded wearable technology to be beneficial in monitoring their patients. They use commercial and personal-grade wearables to track prescriptions, check health conditions and vitals, follow post-operative patients’ recovery, and track sleep.

However, as smart wearables’ technological capabilities expand, complexity and data security issues are likely to become roadblocks to industry expansion. Nonetheless, in the coming years, ongoing research in the smart wearable field is expected to overcome these issues.

COVID-19 ImpactGlobal supply chains across industries were impacted on account of novel coronavirus which resulted in wearables market growing at a lower growth rate than expected. However, pandemic also increased peoples focus on monitoring health and increasing immunity which still resulted in good growth rates of wearable technology industry as compared to other industries. Mount Sinai researchers claim in one of the first studies on the topic that wearable devices can detect COVID-19 instances sooner than traditional diagnostic methods and can help track and enhance disease management.

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Market Outlook:

Over the projected period, the increased adoption of smartwatches and fitness trackers in the healthcare industry is expected to promote category growth.

Other growth factors for the market include product advancements such as the integration of linked devices with the Internet of Things (IoT), artificial intelligence (AI), and virtual reality (VR). Next-generation screens and tiny sensors are also being developed by manufacturers for use in head-mounted displays for high-end gaming and virtual and mixed reality experiences.

Sensors allow athletes and their coaches to collect data on anything from heart rate to acceleration to sleep, which has revolutionized the way certain athletes train. Athletes can use this information to create more effective training regimens, identify shortcomings, and track progress toward fitness goals.Some of the key drivers in developing regions are the rise in disposable income and the fast acceptance and popularity of upgraded technologies.

The lack of a dependable and efficient battery system that can be worn without compromising the device’s compactness and convenience of use is a major limiting issue in the wearable technology market’s growth. As the demand for wearable devices grows, it is critical to not only meet the power efficiency requirement in a cost-effective manner, but also to monitor power usage.

The consumer electronics industry is a fast-moving market. Market players risk significant price erosion as old technology items lose their value when new technology emerges.

Privacy and Data Security related to data collected using wearable devices remain a key challenge for users as well as regulators and manufacturers.

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Research Objectives:

• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives

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Segmentation:

The wearable technology market can be segmented by product, type, application, and region. By product, the market can be divided into wrist-wear, eye-wear & head-wear, foot-wear, neck-wear, and body-wear. By type, the market can be divided into wearable textiles, and wearable products and devices (non-textiles). By application, the market can be divided into consumer electronics, healthcare, enterprise, and industrial application. By region, the market is divided into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players:

  • Garmin Ltd. (US)
  • Xiaomi (CN)
  • Huawei Technologies Co. Ltd. (CN)
  • Motorola Solutions Inc (US)
  • Sony Corporation (JP)
  • Apple Inc. (US)
  • BOAT (IN)
  • LG Electronics Inc. (KR)
  • Fitbit Inc. (US)
  • SAMSUNG (KR)

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Research Scope:

• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis

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About Us:

With Global Insight Services, you receive:
• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Infographic excel data pack, easy to analyze big data
• Robust and transparent research methodology
• Unmatched data quality and after sales service

Contact Us:

Global Insight Services LLC16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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Growth Projection: Artificial Intelligence in Healthcare Market Expected to Reach USD 45.6 Billion by 2032 with a 13.9% CAGR

“Artificial Intelligence in Healthcare Market”
Artificial Intelligence in Healthcare Market Analysis And Forecast To 2032: By Component (Software Solutions, Hardware, Services), Application (Robot-Assisted Surgery, Medical Imaging & Diagnosis, Drug Discovery, Therapy Planning, Hospital Workflow, Wearables, Virtual Assistants, Others) And Region.

Market Definition:

Artificial intelligence (AI) in healthcare is a broad term that covers a wide range of applications and technologies. AI technologies can be used to help doctors and other healthcare professionals diagnose and treat diseases, make predictions about patient health, and improve the efficiency of care delivery. AI is also being used to develop new drugs and personalized treatments, and to create digital assistants that can help patients manage their health.

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Market Outlook:

The market is driven by several factors, including the need to manage data more effectively and optimize healthcare costs, the growth of public-private partnerships, and the increased regional spending on healthcare. Additionally, the market is anticipated to grow as opportunities in geriatric population care with AI technology, imaging, and diagnostics to generate data for research development arise. Moreover, the growing shortage of healthcare workforce drove the adoption of AI/ML technologies. Therefore, AI algorithms can be trained to analyze patient health information which further supports care providers in quickly diagnosing the condition and devising an accurate treatment regime.

Small-molecule drug discovery benefits from AI in four ways; access to new biology, improved or unique chemistry, higher success rates, and speedier and less expensive discovery procedures. For instance, FDA’s Center for Drug Evaluation and Research (CDER) approved 50 brand-new pharmaceutical and biological products in 2021. About 33 of the 50 novel medications and biological products approved for use had tiny molecules, while 17 were monoclonal antibodies and other large molecules. Such aforementioned factors boosting the growth of the market and accelerating the adoption rate of AI in healthcare.

The restraints in the AI in healthcare market are the lack of awareness and the high cost of AI-based solutions. The challenges in the AI in healthcare market are the lack of skilled workforce, the need for high initial investment, and the need for data security.

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Research Objectives:

• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives

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Global Artificial Intelligence in Healthcare Market Segmental Overview:

The report analyses the global Artificial Intelligence in Healthcare market based on component, application, and region.

Major Players:

  • AiCure
  • APIXIO,Inc.
  • Atomwise, Inc
  • Butterfly Network, Inc.
  • Cyrcadia Health Inc
  • Enlitic
  • IBM Corporation
  • iCarbonX
  • Insilico Medicine Inc
  • NVIDIA Corporation

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Research Scope:

• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis

Buy your copy here: https://www.globalinsightservices.com/checkout/single_user/GIS20011

About Us:

With Global Insight Services, you receive:
• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Infographic excel data pack, easy to analyze big data
• Robust and transparent research methodology
• Unmatched data quality and after sales service

Contact Us:

Global Insight Services LLC16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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Company Name: Global Insight Services
Contact Person: Kabita Sahu
Email: Send Email
Country: India
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Bank of China Jiangsu Branch Holds New Year Fun Run

This event was jointly initiated by Bank of China Jiangsu Branch, Zhihu City Jiangsu, and GuDong APP, attracting over 460,000 participants.

From January 27 to February 21，the “Lucky Run 2024” event, organized by Bank of China Jiangsu Branch under the theme “Connecting the Yangtze-Huai, Reaching the Yellow Sea,” took place in twelve cities across Jiangsu province.

This event was jointly initiated by Bank of China Jiangsu Branch, Zhihu City Jiangsu, and GuDong APP, attracting over 460,000 participants. 180,000 people engaged in GuDong topic interactions, and 650,000 people participated in Zhihu topic interactions. The total publicity exposure for the activity exceeded 12.4 million.

Over the course of nearly a month, participants engaged in various healthy activities, collectively focusing on the charm of Jiangsu’s waters, inheriting traditional festival culture, and contributing to the protection of the Grand Canal and the development of the Yangtze River Economic Belt. The event aimed to convey blessings for the lunar new year, celebrating the 112th anniversary of Bank of China Jiangsu Branch.

During the event, Bank of China Jiangsu Branch, in collaboration with Zhihu City Jiangsu, simultaneously launched a question online: “In the Year of the Dragon, starting with a run, amidst the charm of Jiangsu, what beautiful moments of spring have you captured?” Participants shared their thoughts and understanding, resulting in the overall exposure of the topic surpassing one million.

In the new year, Bank of China Jiangsu Branch will earnestly implement the spirit of the Central Financial Work Conference, the Central Economic Work Conference, and the requirements of the headquarters. With a proactive attitude, the branch will stride forward on the path of developing China’s distinctive financial sector, aiming to set an example in competition, demonstrate innovation, and lead in service provision.

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City: Jiangsu
Country: China
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STOCKROOM Attracts Global Clientele with High-Quality, Stylish, and Functional Furniture Selections Featuring Expert Craftsmanship

Stockroom announces its newest collections of furniture pieces made with a modern twist to cater to the ever-evolving design trends and needs of different residential and commercial clients.

Clients from different corners of the world are getting more and more interested in STOCKROOM because of its excellent quality furniture available in different designs and styles. The shop is known for its wide range of furniture selections that cater to various design preferences. This makes it easier for clients to find the perfect furniture piece that matches their personal taste and theme. With their user-friendly website, browsing and shopping for furniture is such a breeze. They provide detailed product information and recommendations, making it easier for clients to make informed decisions when purchasing. Their teams of professionals are always ready to assist clients with any inquiries or concerns they may have. These collections are curated to appeal to a wide range of clients, ensuring that everyone can find something they love; regardless of any space, whether home or office, it has the perfect furniture to add a touch of style and functionality.

STOCKROOM

Stockroom Hong Kong ensures that all their furniture is made from high-quality materials, making it durable and long-lasting. They understand the importance of investing in furniture that can withstand everyday use and provide comfort for years to come. This commitment to quality is what sets them apart from other online furniture shops. Each piece of furniture is carefully crafted by skilled artisans, ensuring every detail is perfect and meets the highest standards. This attention to detail and dedication to quality is what makes this shop a trusted furniture shop among clients.

Clients get this store’s Fabric sofa Hong Kong to be one of the most comfortable furniture pieces. This sofa is created with high-quality fabric that not only looks good but also feels great to sit on. It’s designed to provide maximum comfort and support, making it perfect for lounging and relaxing after a long day. The shop also offers various designs and sizes of this sofa, allowing clients to choose the one that best fits their space. Additionally, clients can also choose from a wide range of colors to match their existing décor.

The Leather Sofa Hong Kong from STOCKROOM is also a popular choice among clients. Made from top-grain leather, this sofa exudes luxury and sophistication. Its sleek design and elegant finish make it a great addition to any living room or office space. It’s not only stylish but also incredibly durable, making it a long-term investment for clients. This sofa also comes in different sizes and finishes, allowing clients to customize it to their liking.

About STOCKROOM

Stockroom is more than just an online furniture shop; it’s a destination for those seeking quality and style in their home or office. In addition to their wide range of furniture selections, the shop also offers accessories and home décor items to complete any space. From rugs and lighting fixtures to wall art and accent pieces, clients can find everything they need to transform their space into a beautiful and functional environment. The shop also provides international shipping, making it easier for clients worldwide to access their products.

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Company Name: STOCKROOM
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Audio Series: The New Frontier of Entertainment garnering ~2X the engagement of Music: Redseer Strategy Consultants

Redseer’s latest report on the Media and Entertainment industry reveals the Audio Series format as the fastest growing. Over the last two years, it is expected to have grown at a CAGR of ~640%, implying over 40X growth between 2021 and 2023.

February 23, 2024 – Singapore – In the groundbreaking report titled “Ear-It-All: The booming world of Audio series,” Redseer Strategy Consultants unveils the latest trend reshaping the entertainment landscape: the meteoric rise of Audio Series. This innovative entertainment medium is capturing audiences worldwide, promising a significant shift in digital consumption habits. Emerging from the digital evolution that saw the rise of audio streaming, podcasts, and audiobooks, Audio Series have become widely popular. This format, emerging almost two decades after audio streaming began in 2001, capitalizes on serialized audio fiction’s growing appeal.

Overview:

– Audio Series presented a US$ 21-25 Bn global TAM opportunity in 2023 alone, and its value is expected to grow 2x by 2027

– New users begin by spending 1.3 hours per day on the platform, and the time spent gradually increases to 1.5 hours after one year of listenership. A serialized and immersive experience with high-quality storytelling has been the key factor for growing user engagement

– The paid user base of Audio platforms is currently at 10-11%, with micropayment facilities making content consumption affordable

– The Total Addressable Market of India’s Audio Series landscape is expected to grow from 350 Mn users in 2023 to 540 Mn users by 2027

In 2023, the total addressable opportunity for the global Audio Series market is estimated at US$ 21-25 billion, with projections suggesting a doubling in value by 2027, marking a substantial opportunity in the digital consumption landscape.

Over the last two years, the adoption of audio series, led by India and the US, has accelerated across developed and emerging markets. Globally, the market is growing at a CAGR of ~640%, implying over 40X growth between 2021 and 2023. Although it is relatively nascent as an entertainment format, Audio Series is garnering ~2X the engagement of music globally and is nearing that of Video Streaming, which is currently the highest in the Media & Entertainment sector. With a growing degree of user maturity, engagement on Audio Series platforms is also seen to increase. 

Users in early adopting markets like India started out by spending 1.3 hours per day on the platforms and wound up dedicating as much as 1.5 hours per day just a year into their listening experience. Factors such as content quality, variety, and flexibility in listening times are making the format more accessible to users. While users have expressed satisfaction across multiple parameters, including personalized recommendation tools, there is demand for better pricing and flexible payment options.

Popularity as a format and key entry points for listenership

Audio series in India currently enjoy an NPS of 55%, with 63% of the listeners identifying as Promoters and only 8% as detractors. Google Podcasts, Spotify, and Pocket FM report the highest sentiment score built on customer satisfaction and a positive experience with newer formats. The overall positive sentiment surrounding the top Audio Series platforms is expected to translate into an increase in word-of-mouth recommendations, which are critical to driving user acquisition in the space. In terms of the key entry point for Audio Series listeners, Redseer’s Research documents that 38% of the users learned of properties through YouTube ads, 37% through Social Media ads, and about 17% through referrals and word-of-mouth recommendations.

Expanding the paid user base beyond the current rate of 10-11% 

The Audio Series landscape currently has 10-11% of paid users in India in the year 2023, with micropayment packs fueling the growth of this demographic. Although this demographic is currently limited owing to the nascency of the format, paid user penetration is almost on par with that of its counterparts in OTT Video in India. Micropayment facilities bring in an element of affordability while allowing users to pay only for the content they consume instead of the library at large. However, users are also seen to demand payment options for longer durations, as evidenced by subscriptions increasing from 5% at the beginning of platform usage to 13% by the end of the second year of platform usage. There is also significant scope for monetization through advertising, given that subscription/content monetization models contribute to over 90% of the revenue generated by Audio Series. With a base of ~1.3 Bn addressable Audio Series users globally in 2023, there is a substantial total addressable opportunity of US$ 21-25 Bn in 2023.

Managing the supply side of Audio Series 

The Total Addressable users for audio series in India is expected to grow from 350 Mn users in 2023 to 540 Mn users by 2027. The democratization of the creator visibility and selection process strengthens the supply-side pipeline with ample incentive for creators to innovate and experiment with genres. Platforms also enjoy a unique business model wherein creators can access a large community of enthusiasts with minimal spending and multiple avenues for creator monetization, including revenue-sharing and lump-sum payment. Economies of scale would prevail in the audio series with only an incremental cost increase owing to the dependence on the creator ecosystem for content production and procurement. Platforms’ revenues are expected to increase with the growth in time spent per user and the price of content. Redseer’s report projects that with wider adoption and increasing monetization per finished hour of Audio Series content, contribution margins can touch 75% by 2027.

Mukesh Kumar, Associate Partner at Redseer, observes, “The Digital Media & Entertainment space has been a site of significant evolution in terms of media formats that are resonating well with audiences in developed markets like the US and emerging markets like India – take, for instance, the recent popularity of Audio series and Short Form Videos. Key factors like compelling storytelling with immersive user experience on the go are seen to be the driving factors for its rapid adoption.”   

Media Contacts:

Meryl Mammen | Marketing Manager
+91 6363093837
meryl.m@redseerconsulting.com

About Redseer Strategy Consultants: 

Redseer Strategy Consultants is a leading strategy consulting firm that has been at the forefront of shaping the new-age business landscape in India for the past 14 years. Redseer’s relentless focus on innovation, deep consumer understanding, and strong entrepreneurial mindset have established it as the go-to advisory firm for new-age consumer-focused businesses. Redseer is the #1 advisor to new age firms planning IPO strategy, a leading advisor to PE on making the right investment calls, and works closely with the founders and board on long-term sustainable businesses. Redseer and its partner OC&C, with over 1000+ consultants, create a positive impact for their clients from 22 cities across five continents.

To learn more, visit redseer.com

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To view the original version on ABNewswire visit: Audio Series: The New Frontier of Entertainment garnering ~2X the engagement of Music: Redseer Strategy Consultants

Investormind’s Groundbreaking Algorithm: Shaping the Future of Investment Strategies

Miami, FL – February 23rd, 2024 – Investormind, a pioneer in innovative investment solutions, has unveiled its latest triumph: a groundbreaking trading algorithm set to redefine the landscape of investment strategies. This cutting-edge software, meticulously crafted and rigorously backtested over the last decade, marks a significant leap forward in quantitative trading technology.

Unlike traditional methods, which rely heavily on subjective analysis and human intuition, Investormind’s algorithm harnesses the power of data-driven decision-making to navigate the complexities of today’s dynamic markets. This proprietary system has demonstrated profitability consistently, weathering the storms of market volatility and delivering superior returns for investors.

“Quantitative trading is the future of investing, and our latest algorithm is at the forefront of this revolution,” said Cameron Gallagher, CEO of Investormind. “While even the largest hedge funds have yet to gain access to this level of technology, we are proud to offer our investors an unparalleled advantage in maximizing profits while minimizing risk.”

One of the algorithm’s most remarkable features is its ability to optimize returns while simultaneously mitigating potential losses. Designed with the needs of high-income earners in mind, this software represents a long-awaited solution for those seeking a proven track record in wealth preservation and growth.

The official launch of this game-changing algorithm took place in January, setting the stage for Investormind to emerge as a leader in the field of quantitative trading. Headquartered in Denver, CO, this milestone event signifies a significant advancement in the company’s mission to empower investors with innovative tools for financial success.

Investormind’s commitment to excellence and innovation continues to drive its success in delivering cutting-edge solutions that shape the future of investment strategies. As the global financial landscape evolves, the company remains dedicated to providing investors with the tools they need to thrive in an ever-changing market environment.

For more information about Investormind and its groundbreaking algorithm, please visit http://www.investormind.ai

Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

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Website: http://www.investormind.ai

 

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To view the original version on ABNewswire visit: Investormind\’s Groundbreaking Algorithm: Shaping the Future of Investment Strategies

Author Ruth Lindeck Forman Brings a Lifetime of Wisdom in Her Inspiring Book “Soul to Soul: Connection and Communication”

As a trained speech and hearing expert, Ruth presents eloquent vignettes, probing questions, and comforting guidance born of her lifetime commitment to promoting effective communication and empathetic listening.

Esteemed communication expert and philanthropist Ruth Lindeck Forman’s latest work, “Soul to Soul: Connection and Communication,” now available in leading digital bookstores globally, offers a transformative exploration into positive, mindful, and compelling personal and intercultural communication in the 21st century.

In this book, Ruth navigates readers through enlightening and light-hearted conversations, using anecdotes that enhance, inspire, and uplift, promoting well-being, civility, and inclusion. The experience is anchored on scientific principles, woven with connections to nature, and addresses critical socio-political issues such as racism and diversity.

“Soul to Soul: Connection and Communication” is divided into four sections: “Soul to Soul Connection,” “Soul to Soul Communication,” “Soul to Soul Intercultural Communication,” and an “Appendix.” Each section is meticulously crafted to guide readers toward enhancing self-insight and confidence, exploring inspiring models for friendship, harmony, and rapport, and improving understanding through the embrace of spiritual affection.

The book serves as a roadmap for advancing collaboration, connection, and trust, offering pathways for readers to navigate personal and virtual communication with insight, power, and practicality.

Ruth shares her vision for the book, saying, “The goal is to create a positive communication environment that invites others to enter and benefits you. As minor to major crises arise or days seem to unravel, ‘Soul to Soul Connection and Communication’ serves as a valuable lifelong guide. Therefore, decency, gratitude, harmony, and inclusion are natural and positive consequences of a diverse human race whose members communicate comfortably, mindfully, and source-connected with each other.” 

In a review on Amazon, Haley, one of the readers, said Ruth’s labor of love is a fantastic book that will transform how people view themselves, others, and the world.

“Go on a journey with yourself to learn about your communication strengths and areas where you can improve. Ruth teaches you how to analyze your past to uncover traumas that affect how you communicate with others and yourself. I’ve learned so much about myself and am so blessed to have discovered this book,” wrote Haley.

Yolanda, another reader, said “Soul to Soul: Connection and Communication” is an outstanding guidebook for enriching hope and joy in life for all.

“Seekers of optimism, passion, compassion, and comfort will find Forman’s book a treasure trove of wisdom seasoned with heartfelt caring and love,” wrote Yolanda.

Those who want to grab a copy of “Soul to Soul: Connection and Communication” may purchase it on Amazon and Barnes and Noble. 

Bookside Press, a leading Canada-based company, has led the pack in bringing out Ruth Lindeck Forman’s engaging book to the public, providing many authors exclusive access to publicity.

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Red light therapy for neuro/cognitive benefits

The brain is the center of life, controlling every aspect of our lives, including cognition: perception, sensation, memory, attention, and thinking. The human brain, with tens of billions of nerve cells every day, works non-stop to ensure the regular operation of various functions of our body. However, the brain ages just like other body organs, and several diseases can disrupt brain functions. Maintaining cognitive health is a major challenge in aging populations. The number of patients with memory loss and dementia is increasing year by year, and we still face a very serious challenge in protecting brain health.

If you ever experienced poor memory or wished for sharper cognitive abilities to tackle multiple projects. There is a simple and practical way – red light therapy to improve your brain function. Although it may seem irrelevant, sunlight is key to boosting cognitive performance.  

What is Red Light Therapy?

Red light therapy (RLT), also known as low-level laser therapy (LLLT) or photobiomodulation (PBM), involves exposure to specific wavelengths of visible red and near-infrared light (660-850 nm) to stimulate biological processes in the body. Our cells need water, nutrients, and light to thrive. However, since modern people have limited exposure to sunlight and we often stay indoors to use electronic products, there is a high absorbance of damaging white and blue light in our daily lives. Mitochondria (cell energy production unit) absorb red light directly and increase body metabolism after exposure. Red light therapy can directly penetrate the human body to promote circulation, immunity, healing, etc.

Red Light Therapy Advantages for Cognitive Health

A growing body of research reveals the critical role of light therapy in shaping brain health and function. Let’s take a look at a few of these;

1. Neuroprotection

Higher levels of oxidative stress due to dysfunctional mitochondria lead to premature neuronal damage and contribute to neurodegenerative diseases related to cognition. Red light therapy increases mitochondria function to promote balance between free radicals and antioxidants in the body. Studies have highlighted red light therapy has a potential neuroprotective and disease-modifying role in treating Alzheimer’s and Parkinson’s patients.

2. Cognitive Enhancement

Increased blood flow to the brain supports cognitive function. Red light therapy not only speeds up the blood circulation oxygenation of the neurons but also increases the supply of essential nutrients to the brain, such as glucose and amino acids. These nutrients delivery are vital to maintain several cognitive processes. Transcranial photobiomodulation therapy in healthy adults has significantly improved the attention, memory, emotions, and executive functions. 

3. Mood Regulation

Surprisingly, our mood is indirectly connected with cognitive health. Good sleep is indispensable for efficient brain detoxification and emotional fitness. Red light therapy is well known for regulating the sleep-wake cycle (circadian rhythm) by producing melatonin neurotransmitters. Light exposure is a significant contributor to circadian rhythms in humans and other mammals. Light not only regulates human rhythmic behavior through visual pathways but also affects brain function through a large number of non-visual signals. Disruption in sleep and mood disorders can impair cognitive functions. A recent study showed transcranial nocturnal red light exposure to the brain alleviates cognitive functions at night along with high sleep quality.  

4. Accelerate Neurogenesis

Red light therapy stimulates blood supply to boost the growth of new neurons. It could facilitate the integration of newly formed neurons into functional neural networks by promoting the encoding of new memories. A study done on traumatic brain injury (TBI) patients to evaluate RLT effects showed positive outcomes in the form of reduced inflammation, swelling, and restored cognition and repair in the brain.

Best Red Light Therapy Device for Cognitive Health

If you are looking for high-quality, user-friendly, FDA-cleared red light therapy equipment to deal with aging brain cells and memory loss, then Bestqool could be a perfect option. It not only has a quick effect but is also easy to operate, safe to use, and has no side effects. It is non-invasive and does not directly cause harm to the human body. You can use it with confidence as long as you follow your doctor’s instructions. Bestqool RLT devices offer several advantages.

  • · Narrow spectrum, good monochromaticity, and high utilization rate
  • · High brightness, low heat, cold light source, no burns.
  • · High power output, economical and practical, suitable for home use
  • · Long-life LED
  • · External irradiation is non-invasive and has no side effects

Conclusion

Each of us wishes our brains to be intelligent and bright to have more robust learning, memory, and emotions. Unleash the brain potential with red light therapy! Red light can activate brain function and increase neural connections through non-visual pathways. RLT can also reduce anxiety, improve sleep, stabilize mood, and boost energy, along with other benefits. In addition, we should pay more attention to brain health, diagnosis, and disease treatment.

References & Citations

[1] Mitrofannis J. (2017). Why and how does light therapy offer neuroprotection for Parkinson’s disease?. Neural regeneration research, 12(4), 574–575. https://doi.org/10.4103/1673-5374.205092 

[2] Johnstone, D. M., Morro, C., Stone, J., Benabid, A. L., & Mitrofanis, J. (2016). Turning On Lights to Stop Neurodegeneration: The Potential of Near Infrared Light Therapy in Alzheimer’s and Parkinson’s Disease. Frontiers in neuroscience, 9, 500. https://doi.org/10.3389/fnins.2015.00500 

[3] Barrett, D. W., & Gonzalez-Lima, F. (2013). Transcranial infrared laser stimulation produces beneficial cognitive and emotional effects in the humans. Neuroscience, 230, 13–23. https://doi.org/10.1016/j.neuroscience.2012.11.016 

[4] Hamblin M. R. (2018). Photobiomodulation for traumatic brain injury and stroke. Journal of Neuroscience Research, 96(4), 731–743. https://doi.org/10.1002/jnr.24190 

[5] Hamblin M. R. (2016). Shining light on the head: Photobiomodulation for brain disorders. BBA clinical, 6, 113–124. https://doi.org/10.1016/j.bbacli.2016.09.002

[6] Santos, J. G. R. P. D., Zaninotto, A. L. C., Zângaaro, R. A., Carneiro, A. M. C., Neville, I. S., de Andrade, A. F., Teixeeira, M. J., & Paiva, W. S. (2018). Effects of transcranial LED therapy on the cognitive rehabilitation for the diffuse axonal injury due to severe acute traumatic brain injury: study protocol for a randomized controlled trial. Trials, 19(1), 249. https://doi.org/10.1186/s13063-018-2632-5

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Volcano X Sets Sights on El Salvador’s Crypto Frontier

In an era where the integration of digital assets into mainstream finance has become a global phenomenon, Volcano X is taking definitive steps to cement its presence in the burgeoning cryptocurrency sphere. The investment firm has recently announced its application for a Digital Assets Service Provider (DASP) license in El Salvador, a country that has made headlines as a pioneer in embracing Bitcoin and other cryptocurrencies.

El Salvador: A Beacon for Cryptocurrency Adoption

El Salvador is renowned for being the first nation to adopt Bitcoin as legal tender, signalling an unprecedented commitment to cryptocurrency. This bold move has captured the attention of leading digital asset exchanges such as Bitfinex and Binance, whose participation in the Salvadoran market has increased the country’s visibility as a crypto-friendly destination. With its DASP license application, Volcano X is seeking to join these industry titans in carving out a space within this progressive landscape.

The firm’s strategic decision to venture into El Salvador aligns with its broader vision to break new ground in crypto-financial services. By obtaining the DASP license, Volcano X aims to offer a suite of products tailored not only to the Salvadoran market but also to the wider Central American region and beyond.

Figure 1: Map Showing El Salvador as a Crypto Hub

Riding the Wave of Regulatory Momentum

Bitfinex and Binance have set a precedent in El Salvador by securing operational licenses that allow them to offer full-fledged crypto services. Volcano X is keen to capitalize on this momentum, positioning itself as a forward-thinking player amid El Salvador’s evolving regulatory framework. By adhering to the country’s pioneering standards, Volcano X anticipates establishing a robust foundation for compliant and secure cryptocurrency transactions.

The firm recognizes that El Salvador’s regulatory climate presents both unique opportunities and complexities. As such, Volcano X is committing significant resources to understand and navigate the legal nuances, ensuring that its proposed offerings meet the highest standards of compliance and consumer protection.

Figure 2: El Salvador’s cryptocurrency regulations

Future Product Rollout in El Salvador

Volcano X aspirations go beyond obtaining a license. The company envisions introducing innovative financial products that leverage the potential of digital assets to revolutionize traditional banking and investment models. While the specifics of these products remain under development, the overarching goal is clear—to provide value-driven, user-centric solutions that tap into the growing demand for crypto-related services.

This news release is for informational purposes only and does not constitute investment advice. It reflects the views and strategies of Volcano X based on market conditions up to the current date

Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

Media Contact
Company Name: VOLCANO X INVESTMENT
Contact Person: Volcano X Media Team
Email: Send Email
Country: El Salvador
Website: www.volcanox.co