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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Blockchain Press Releases
Common Crawl Foundation and Constellation Network Announce Partnership to Bridge Blockchain and AI
Constellation Network and Common Crawl Foundation are Revolutionizing Web Data Accessibility and AI Development Through Blockchain Technology
SAN FRANCISCO, Oct. 24, 2024 /PRNewswire/ — The Common Crawl Foundation, a non-profit organization founded in 2007, dedicated to providing a copy of the internet to the public, and Constellation Network, a Web3 blockchain ecosystem notable for providing solutions to the US Department of Defense today announced a strategic partnership aimed at democratizing and enhancing the accessibility and utility of web-crawled data on blockchain technology for artificial intelligence (AI) and data applications.
This collaboration will explore potential opportunities for improving large language models used by AI, starting with Common Crawl’s vast dataset that is used by 80% of Large Language Models, crawled over 250 billion web pages to date (19 billion in 2024 alone), and consists of an archive of nearly 9 petabytes of archived crawled data. By leveraging Constellation’s decentralized network, Hypergraph, to add immutability, provenance, and auditability around the data the partnership aligns to provide joint solutions around responsible and transparent AI.
With AI projected to be a $3T industry by 2030, there are growing demands for secure solutions to sharing common data sets being used for the training of large language models, improving storage of queried and cleaned data, monetization opportunities for data, and enhanced transparency with the source of data. With Constellation’s unique approach to providing tools to converge existing infrastructure with distributed and decentralized networks, and Common Crawl’s history of data and growth of data utility, this partnership aligns to further democratize data.
“This partnership represents a significant step forward in securing trusted distribution of Common Crawl” said Rich Skrenta, Executive Director of the Common Crawl Foundation. “By combining our comprehensive web archive with Constellation’s proven implementation of blockchain technology, researchers and developers from around the world can trust what they’re getting from Common Crawl and have a model for authenticating large open data sets, such as those used for AI training”.
Ben Jorgensen, CEO of Constellation Network states, “The partnership between Constellation Network and Common Crawl highlights mainstream adoption of web3 solutions outside the echo chambers of crypto. This alignment continues Constellation’s mission of our zero trust network being used as a public good for a data-focused future”. Jorgensen continues, “Our aim is to further attract new developers by showcasing capabilities, such as integrating immutability throughout digital workflows, and thus further differentiate ourselves from earlier generations of blockchain technology.”
The two organizations will begin a phased approach to implement this initiative, starting with a customizable subnet, called a metagraph, which will integrate a subset of Common Crawl’s data. This subnet is currently live on their test network and will be soon deployed to Constellation’s public network, Hypergraph. Further details of the live metagraph will be featured in the coming weeks along with information on how organizations and developers can participate.
For more information, please visit:
- Common Crawl Foundation: https://commoncrawl.org
- Constellation Network: https://constellationnetwork.io
- X.com @Conste11ation
About Common Crawl Foundation
The Common Crawl Foundation is a 501(c)(3) non-profit organization dedicated to providing a copy of the internet to the public, free of charge. Their web archive consists of petabytes of data collected over years of web crawling, serving as a critical resource for researchers, businesses, and developers worldwide.
About Constellation Network
Constellation Network is a Web3 blockchain ecosystem that bridges crypto economies with traditional businesses. Its flagship network, Hypergraph, provides a solution for fast, scalable, and zero-fee transactions. Constellation’s Network is validated by the US Department of Defense which has been a customer since 2019.
Note: This press release contains forward-looking statements. Actual results may differ materially from those projected.
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Following a management buy-out by the management team at TOKO FZE, the business has been rebranded as Scintilla, the revolutionary platform providing on-chain solutions and services to make investments more inclusive, accessible, and efficient. Having been developed within DLA Piper’s Law& innovation portfolio, TOKO – now Scintilla has a fresh brand identity, new leadership, and innovative product offerings. Scintilla is set to reshape the future of finance by enabling businesses to unlock the power of blockchain technology across various asset classes, with DLA Piper remaining as a minority shareholder.
Regulated by Dubai’s Virtual Assets Regulatory Authority (VARA), Scintilla is one of the first digital asset companies to gain full market licenses, marking a significant milestone in the sector’s landscape. Being a regulated entity underscores Scintilla’s commitment to the highest standards of compliance and security while pioneering new solutions for tokenization in the global market.
Innovating Finance Through Tokenization
Scintilla offers a comprehensive suite of tokenization services designed to bring liquidity, transparency, and efficiency to traditional finance sectors. From tokenized financial products, and real estate all the way to new legal funding products, Scintilla’s digital asset solutions enable clients to tokenize assets that were previously inaccessible to investors or illiquid.
Scintilla’s services include:
Advisory Services: The gateway to successful market entry. From initial opportunity assessment to strategic development of game-changing tokenization-based solutions.
Use Case Development: Bringing products to life. From initial POC development and iteration towards MVP all the way through to the full market launch.
Broker/Dealer Services: Creating new markets. Regulated primary market trading, ensuring the highest levels of trust and security within the tokenization space.
Exchange Services: Universal participation. Seamless, secure secondary trading of tokenized assets, with industry-leading technology and compliance standards.
Scintilla is uniquely positioned to capitalize on the confluence of Dubai’s world-leading regulatory environment, cutting-edge technology, and the burgeoning RWA market.
A New Era for Scintilla
The relaunch of Scintilla represents more than just a rebranding—it signifies the company’s growing ambition to lead in the digital asset space. With an expanded team of industry experts, including continuing Board representation from DLA Piper, and a clear strategic vision, Scintilla is set to drive the adoption of tokenization in traditional financial markets.
“Our relaunch marks the beginning of an exciting new chapter for Scintilla and the wider industry. We are committed to pushing the boundaries of what is possible in digital finance while ensuring our solutions are underpinned by strong regulatory compliance,” said Tim Popplewell, CEO of Scintilla. “With our new suite of products and services, we are empowering investors to transform the way they manage and access value.”
Jean-Pierre Douglas-Henry, Managing Director, Sustainability and Resilience, DLA Piper added: “Innovation is a key strand in our business strategy. As our business focuses on developing and nurturing innovations that add significant value to our clients through our Law& innovation program, it is fantastic to see this solution spun out into the thriving digital asset space for the next stage of its growth and development.”
The post DLA Piper’s crypto tokenization engine TOKO relaunches as Scintilla appeared first on HIPTHER Alerts.
Blockchain Press Releases
KuCoin Managing Director Alicia Kao Highlights Crypto Education at Blockchain Life 2024
DUBAI, UAE, Oct. 24, 2024 /PRNewswire/ — KuCoin, a global leader in the cryptocurrency market, proudly participated in Blockchain Life 2024, one of the industry’s premier events, held in Dubai as Stage Sponsor and Gold Sponsor. This event brought together a diverse group of enthusiasts, professionals, investors, and traders to delve into the ever-evolving world of blockchain and cryptocurrency.
During her keynote speech on “Shaping Crypto Minds with KuCoin: Education Makes Mastery,” Alicia, Managing Director of KuCoin, highlighted the knowledge gaps currently facing the industry. KuCoin is actively addressing these through its various educational initiatives. In the first half of 2024 alone, KuCoin Learn attracted 1.5 million engaged users, while its Learn and Earn program saw participation from over 2.72 million users since its inception. These programs are part of KuCoin’s broader effort to elevate user education and ensure traders and investors have the tools they need for informed participation in the crypto space.
Alicia emphasized the importance of security in her presentation, reiterating KuCoin’s commitment to prioritizing user needs and safeguarding their interests. “At KuCoin, we believe that an educated user is a secure user. Our educational platforms, including KuCoin Learn and KuCoin Campus, are designed to empower our users with knowledge that enhances their trading experiences while emphasizing the critical importance of security,” she stated.
In addition to her keynote, Alicia participated in a panel discussion titled “Crypto Exchanges and Private Investors: Shaping Investment Strategies and Adapting to Market Trends.” The panel explored effective strategies for navigating the crypto industry, focusing on how centralized exchanges (CEXs) can help foster industry growth by aligning with investor needs in changing market conditions.
KuCoin’s presence at Blockchain Life 2024 underscores its ongoing commitment to leadership through education in the cryptocurrency sector. It prepares its users to participate in and excel in the evolving digital economy.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 800 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 36 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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