Blockchain Press Releases
Adult Entertainment Market to Reach $96.2 Billion, Globally, by 2032 at 5.2% CAGR: Allied Market Research
The Global adult entertainment market is experiencing growth due to factors such as increased acceptance and normalization of adult content, advancements in technology, and expansion of the sex education industry.
PORTLAND, Ore., June 26, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Adult Entertainment Market by Type (VHS And DVDs, Magazines And Books, Sex Toys And Accessories, Adult Novelties), By Gender (Male, Female), By Age Group (18 To 24 Year, 25 To 34 Year, 35 To 44 Year, Above 45 Year), By Distribution Channel (Online, Offline): Global Opportunity Analysis And Industry Forecast, 2023-2032″. According to the report, the global adult entertainment market was valued at $58.4 billion in 2022, and is projected to reach $96.2 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032.
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Prime determinants of growth
The Global adult entertainment market is experiencing growth due to factors such as increased acceptance and normalization of adult content, advancements in technology, and expansion of the sex education industry. However, legal restrictions and social stigma restrain the growth to some extent. Nevertheless, online sales platforms and virtual reality technology are expected to create ample opportunities in the upcoming years.
Report coverage & details:
|
Report Coverage |
Details |
|
Forecast Period |
2023 – 2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$58.4 billion |
|
Market Size in 2032 |
$96.2 billion |
|
CAGR |
5.2 % |
|
No. of Pages in Report |
350 |
|
Segments Covered |
Type, Gender, Age Group, Distribution Channel, and region |
|
Drivers |
Increased acceptance and normalization of adult content Advancements in technology Expansion of the sex education industry |
|
Opportunities |
Online sales platforms Virtual reality technology |
|
Restraints |
Legal Restrictions Social stigma |
The Sex toys and accessories segment to maintain its leadership status throughout the forecast period
Based on type, the sex toys and accessories segment held the highest market share in 2022, accounting for nearly three-fifths of the global Adult Entertainment market revenue, and is estimated to maintain its leadership status throughout the forecast period, as the use of sex toys and toys has increased in recent years, as more and more people are meeting and testing their sexuality. However, the adult novelties segment is projected to manifest the highest CAGR of 6.5% from 2023 to 2032, In recent years, the adult novelties market has seen significant growth driven by several trends in the adult entertainment industry.
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The female segment to maintain its leadership status throughout the forecast period
Based on gender, the female segment held the highest market share in 2022, accounting for nearly three-fifths of the global Adult Entertainment market revenue and is estimated to maintain its leadership status throughout the forecast period, as there has been a growing trend in the adult entertainment product market targeted toward female. However, the male segment is projected to manifest the highest CAGR of 5.5% from 2023 to 2032. Sex toys and adult novelties for men have also become increasingly popular. These include products such as masturbators, prostate massagers, and cock rings, all of which are designed to enhance sexual pleasure and provide a unique experience.
The 18 to 24 year segment to maintain its leadership status throughout the forecast period
Based on gender, the 18 to 24 year segment held the highest market share in 2022, accounting for nearly one-third of the global Adult Entertainment market revenue and is estimated to maintain its leadership status throughout the forecast period. People in this age group are more likely to consume adult entertainment through platforms such as online streaming rather than purchasing products such as DVDs or magazines. However, the 35 to 44 year segment is projected to manifest the highest CAGR of 5.6% from 2023 to 2032. Market trends indicate that people in this age group are increasingly turning to digital platforms such as streaming services and online stores for their adult entertainment needs.
The offline segment to maintain its leadership status throughout the forecast period
Based on distribution channel, the offline segment held the highest market share in 2022, accounting for more than three-fifths of the global Adult Entertainment market revenue and is estimated to maintain its leadership status throughout the forecast period. The trend in offline distribution has shifted toward creating a more informed and inclusive experience for consumers. However, the online segment is projected to manifest the highest CAGR of 5.5% from 2023 to 2032. The online distribution of adult entertainment products has seen significant growth in recent years, driven by internet penetration, advances in digital technology, and change in customer preferences.
North America to maintain its dominance by 2031
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly half of the global Adult Entertainment market revenue, Consumers are not satisfied with adult entertainment products; they are looking for more choices and customization. This has led to the development of new products such as tolimidones, virtual reality, and interactive sex toys. However, the Asia-Pacific region is expected to witness the fastest CAGR of 6.9% from 2023 to 2032. In Asia-Pacific, apart from traditional adult products such as DVDs, magazines, and accessories, the demand for sex toys has increased, especially in China and Japan.
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Leading Market Players: –
- PLBY Group, Inc.
- MindGeek S.A.R.L.
- Core Magazine
- Reckitt Benckiser Group PLC
- Hot Octopuss Limited
- Church & Dwight Co., Inc.
- WOW Tech Europe GmbH
- BMS Factory
- Fun Factory GmbH
- Bad Dragon
The report provides a detailed analysis of these key players in the global Adult Entertainment market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Similar Reports We Have on Consumer Goods Industry:
- Canada Adult Entertainment Market Opportunity Analysis and Industry Forecast, 2022-2032
- Europe Adult Entertainment Market Opportunity Analysis and Industry Forecast, 2022-2032
- UK Adult Entertainment Market Opportunity Analysis and Industry Forecast, 2022-2032
- Russia Adult Entertainment Market Opportunity Analysis and Industry Forecast, 2022-2032
- Spain Adult Entertainment Market Opportunity Analysis and Industry Forecast, 2022-2032
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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The winners of the GAM3 Awards 2024 have been crowned! The 21 champions were revealed at a live event presented in partnership with Yield Guild Games (YGG) on November 22nd, marking a well-deserved close to the year and celebration of how far the web3 gaming industry has come.
Following an extremely close competition between the top games, creators, and ecosystems in the industry, our GAM3 Awards victors were revealed during the 2-hour in-person event in Manila and across all major live-streaming platforms. Each game, content creator, and ecosystem managed to top their category to stand out amongst their peers based on their tremendous progress made over the past 12 months.
The 2024 Winners
Here is the full list of winners:
- Best Fighting Game: Champions Ascension
- Best Art Direction: Moonfrost
- Best Browser: Pirate Nation
- Best Mobile Game: Fableborne
- Best RPG: Big Time
- Best Strategy Game: Parallel
- Best Action Game: Off the Grid
- Best Casual Game: Pixels
- Best Sports Game: Sparkball
- Best Adventure Game: Ravenquest
- Best Card Game: Parallel
- Best Shooter Game: Off the Grid
- Best Content Creator: YellowPanther
- Best On-Chain Game: Pirate Nation
- Best Ecosystem: Ronin
- Games’ Choice: Wildcard
- Best Esports Game: Parallel
- Best Multiplayer Game: Off the Grid
- People’s Choice: Pixels
- Most Anticipated Game: MapleStory Universe
- Game of the Year: Off the Grid
Prizes and Partners
Among the exciting updates for our 2024 GAM3 Awards was the increased $5 million prize pool, which consisted of grants, products, services, marketing, and blockchain support from partners such as AWS, XAI, Thirdweb, Aethir, and Community Gaming among others to help finalists and winners grow even further.
This represented a substantial increase from previous years and underscored our event’s commitment to supporting and fostering the next generation of web3 games. In addition to YGG, we also partnered with Arbitrum, Magic Eden, Immutable, Avalanche, and Skale to make this year’s event even bigger and better than previous years.
Jury and Voting
This year’s jury featured over 70 prominent traditional and blockchain gaming figures, with many returning jurors from previous ceremonies. The diverse panel included representatives from powerhouses such as Amazon, Google, Samsung, Ubisoft, Animoca Brands, Immutable, Arbitrum, Blockchain Game Alliance (BGA), Base, Ronin, and Avalanche, as well as content creators and major media outlets such as VentureBeat.
Much like previous years, the voting process saw the jury’s votes represent 90% of the final decision, with the community making up the remaining 10% for most categories except People’s Choice and Best Content Creator, which were both 100% community voting-based, and Games’ Choice, which is based on shortlisted game studios voting for their favorite title game.
Community voting played a role in deciding the final decisions with over 1 Million votes from over 143k unique voters. Early October marked the GAM3 Awards 2024 announcement. Since then, hundreds of web3 games urged their communities to nominate and vote for them across different categories. Thousands of social posts were spread across partners, games, media outlets, content creators, and community members generating over 60 Million impressions.
Final Thoughts
The GAM3 Awards 2024 ceremony on November 22nd saw a peak viewership of 48k CCV, reaching over 450k views in the first 24 hours alone. Off The Grid by Gunzilla Games took home four awards, including the coveted “Game of the Year” award. This was followed closely by Parallel, who claimed an impressive three awards. Pixels and Pirate Nation took home two awards each!
With over 300+ in-person attendees, viewers got to witness gameplay premiers and exclusive premier trailers from Golden Tides, Unfettered, Elumia, Providence, Shrapnel, Raven Quest, Mighty Bear Games, Revenge, Trail Xtreme, Warped, and more! All of which are a testament to the bright future of web3 gaming as we head into 2025 with the event expected to return next November for its fourth consecutive edition.
The post The GAM3 Awards 2024 Winners Announced appeared first on News, Events, Advertising Options.
Blockchain Press Releases
Request Finance acquires Pay.so Lithuania; launches revolutionary one-click crypto/fiat payment solution.
The acquisition allows clients to compliantly make payments to third parties, pay bills, and pay employees with a one-click on/off ramp feature.
PARIS, Nov. 25, 2024 /PRNewswire/ — Request Finance, a leader in crypto and fiat financial operations, has announced its acquisition of Pay.so Lithuania, a regulated VASP. The acquisition enables Request Finance to provide a fully compliant, one-click on/off ramp payment solution that bridges crypto and fiat, streamlining global transactions for businesses of all sizes. Now, Request provides a multi-payee on/off ramp, consolidating its position as the one-stop shop for all finance operations of businesses of all sizes.
Pay.so Lithuania operates under one of the strongest and most reliable regulatory frameworks for companies providing services on digital assets. Pay.so has grown tenfold in just nine months, solidifying its position as a key partner for significant corporations adopting digital currencies. With one of the broadest currency coverages in the market, Pay.so has been providing Request Finance’s clients with fiat payouts in a wide range of currencies for several months now, including USD, EUR, GBP, AUD, CHF, SGD, NZD, THB, HKD, IDR, CAD, INR, AED, KRW, JPY, MYR, and PHP.
By acquiring its trusted long-term partner, Request Finance now powers the smoothest Fiat2Crypto onramps and Crypto2Fiat offramps for $100 to $100 million transactions.
This acquisition brings uniquely powerful on/off ramp for its clients, as simple as in one click. Clients can now make offramps and onramps to and from third parties. This applies to direct payments, multi-payee bill payments, and employee payments.
Chris Butcher, CEO of Pay.So US, commented, “The acquisition of this regulated Lithuanian entity puts Request in a prime position to double down on fiat payments and extend its lead as the number one crypto accounting and payment solution.”
Cameron Butcher, CTO of Pay.so US, added, “Request has inherited a unique platform, processing millions of dollars of volume daily, on local payment rails worldwide, all while maintaining airtight compliance”.
Valentin Faye, Head of Legal & Compliance at Request Finance, added, “Acquiring a VASP and pursuing MiCA compliance is essential for building trust and long-term growth in our digital finance landscape. We ensure that our operations meet the highest security and transparency standards and that our clients transact confidently across borders in full compliance with regulations. This positions us to support the largest enterprises as they adopt digital currencies. Plus, offering our users the first in a long line of regulated services enables them to manage all their operations with and from our platform.”
Christophe Lassuyt, CEO of Request Finance, mentioned, “This is a game changer for Request Finance which now supports a broad range of hybrid businesses, from those who want to earn revenues in digital currencies without touching crypto, with no crypto on the balance sheet, to those who run compliant finances without a bank account“.
Check out what finance leaders say about Request Finance’s new feature:
- Diego Casanova, Sr Finance Operations Analyst at Decentraland Foundation, mentioned: “We have been using Request Finance since 2022 to streamline our crypto payments. One of the most valuable features for us has been the batch payment option, which simplifies complex transactions. A few months ago, we were introduced to a new feature within the platform, allowing us to make seamless fiat payments using crypto through its off-ramp services. Since then, our experience has been outstanding, with consistent support from the Request Finance team, always attentive to our needs and inquiries.”
- Daniel Lustig, Head of Operations and BI at Ocean Protocol, added: “Since the Request team introduced crypto-to-fiat payments, our workflow has become incredibly streamlined. The new solution has enabled us to handle both crypto and fiat transactions seamlessly, allowing us to focus more on our core business without worrying about complex conversions and payment tracking. It’s been a game-changer for our team, providing a new level of transparency we’ve been looking for. Needless to say our auditors love it, too.”
- Krisztin Lipárdi, COO at Galaxis.xyz, highlights that “Request Finance has honestly changed the way how I at Galaxis handle payments. Earlier I had to use several platforms and I had to separate Crypto and Fiat payments. Seeing all the invoices at one place and the Crypto to Fiat feature has made my life so much easier. The multi-currency options are perfect for my clients across the globe. I really wouldn’t want to go back to anything else!”
About Request Finance:
Request Finance‘s mission is to enhance crypto adoption by compliant businesses. The all-in-one finance platform for crypto and fiat operations already offers Accounts Payable, Accounts Receivable, Accounting, and direct payments to 190+ countries.
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Blockchain Press Releases
Africa Exclusive: Bybit Promotes Crypto Education with P2P Security Webinar
DUBAI, UAE, Nov. 22, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, sets out to raise awareness of P2P security and to equip users with the latest anti-fraud knowledge and tools in a new learn and earn event exclusively for users in Africa. Hosting a P2P security Webinar on Nov. 25, Bybit P2P will also be announcing a prize pool valued at 10,000 USDT for a new Africa-exclusive deposit event.
P2P Security Webinar
On Nov. 25, the live webinar on P2P security will be broadcast in the Bybit Africa Telegram group from 7 to 9PM UTC. Attendees may benefit from a comprehensive session on tips and the latest know-how on asset safety and counterparty risks. The free webinar will cover the following topics:
- Fraud detection: users will learn about signs of common scams and steps to verify payment authenticity.
- Staying safe with Bybit P2P: users get to discover Bybit’s security tools and the latest features to combat fraudulent attempts.
- Trading with confidence: users will gain practical advice and practical tips on how to trade safely.
The floor will be open for a live Q&A session after the sharing by Bybit P2P experts. Ahead of the webinar, attendees are invited to submit questions and the lucky ones will win 10 USDT if their questions are chosen by the speakers.
10,000 USDT Rewards for First-Time Deposits
From Nov. 25 to Dec. 15, 2024, new users who successfully sign up for a Bybit account and complete Identity Verification Level 1 may be eligible to share in a 10,000 USDT prize pool reserved for eligible users in Africa only. Users must sign up for the event and make a deposit via Bybit P2P to qualify and win up to 10 USDT, terms and conditions apply.
“Financial fraud is an age-old challenge and users must stay vigilant as scammers and fraudsters evolve. Bybit is constantly investing in our hardware and software to build the necessary guardrails for our platform. It does not take away the importance of user education, however, and we hope through engagements of this kind, we can help elevate the community on a path of growth,” said Joan Han, Sales and Marketing Director at Bybit.
P2P is an organic part of the crypto economy and helps to promote inclusivity in emerging economies. With Bybit P2P, users of all levels may access the user-friendly peer-to-peer trading platform to trade between themselves at an optimal, agreed-upon price. The service minimizes the need for the middleman, improving cost effectiveness while providing exchange-backed platform security.
Find out more about the event and eligibility at Bybit P2P.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
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