This IDC Perspective examines the rising use of NFTs, both as individual pieces of art, but beyond that as well -- as secure, immutable, tradeable stores of data -- and unique digital identifiers of real-world tangible assets. NFTs will also play a role in the development of the metaverse, Web3, commerce, and payments."Non-fungible tokens (NFTs) will be to blockchain what the World Wide Web was to the internet," says Phillip Silitschanu, research director, Worldwide Blockchain, Cryptocurrency, and NFT Strategies at IDC. "NFTs allow not only physical goods to be unquestionably authenticated and owned by their legitimate owner, but they will allow intangible property and intellectual property to be owned. While some may scoff at the idea of a piece of digital art (on an NFT) being valued (and often bought) at millions of dollars, an easy-to-understand analogy is: How much is the domain name of a large global corporation worth?"
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120 pages •
By Infiniti Research Limited
• Apr 2022
Global Post Production Market 2022-2026 The analyst has been monitoring the post-production market and it is poised to grow by $ 20.75 bn during 2022-2026, accelerating at a CAGR of 12.72% during the forecast period. Our report on the post-production market provides a holistic analysis, market size and forecast, trends,...
The Asia Pacific Insurtech Market would witness market growth of 51.4% CAGR during the forecast period (2021-2027). Customers’ requirements are understood via digital technology, which are then used to improve offers depending on changing customer needs. According to a poll done by EIS Group, a software firm, 59 percent of insurance...
This IDC study provides market shares for the leading vendors in the messaging security space for 2021. "Email and collaboration tools are often the gateway to an organization's most sensitive assets," said Jennifer Glenn, research director for IDC's Information and Data Security products. "Security tools aimed at enforcing protection and...
The Unified Communications as a Service (UCaaS) market exhibited strong growth in 2021, driven by the rise of hybrid and remote work environments and the need of organizations in Latin America and the Caribbean (CALA) to support remote communications and collaboration among their employees. Solid economic GDP growth across the region contributed...
ING Group - Enterprise Tech Ecosystem Series Summary ING is a provider of retail and commercial banking services as well as other related financial solutions.The company provides savings, investments, payments, mortgages and loans to retail customers. Aside from individual customers,...
The global load balancer market reached a value of US$ 4.3 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 8.9 Billion by 2027, exhibiting at a CAGR of 13.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence...
This IDC Perspective focuses on the common and unique cultural experiences global organizations face in implementing hybrid work models in a time of tremendous disruption that includes but spans well beyond the COVID-19 pandemic. Organizations are realizing that technology alone is insufficient for implementing hybrid work models; that technical...
The Europe Tax Management Market would witness market growth of 9.9% CAGR during the forecast period (2021-2027). Blockchain, a distributed ledger technology, is being used in a variety of industries, including aviation, automotive, agricultural, manufacturing, and banking. It’s utilized to keep track of health, property, bank transactions,...
The Global Managed Services Market size is expected to reach $372.8 billion by 2027, rising at a market growth of 7.7% CAGR during the forecast period. The practice of outsourcing business administration and management functions to a third party is referred to as managed services. This term isn’t limited to IT because managed services...
This IDC Perspective discusses media and entertainment readiness for the metaverse with immersive and intelligent experiences. A reality spun directly from the pages of science fiction, the metaverse is "here" at least in the minds of and boardrooms of digital giants and major corporations. As plans for the metaverse take shape, while mass...
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Media And Entertainment
Metaverse
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