Over the years, sports betting has become one of people’s biggest hobbies as a possible source of partial income. In the United States, the industry made over 10.9 billion dollars in revenue in 2023, the highest it has ever been. Marking almost six years since the Professional and Amateur Sports Protection Act (PASPA) was passed, the act legalized entire sports betting, leading to a massive rise and benefits for the industry. With sports betting being an international phenomenon, various companies are merging worldwide to create a more extensive, robust network for people to watch sporting events.
globalEDGE Blog - By Author: Yagumo Morikawa
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Over the past few years, we have seen the impact of Japan’s pop culture worldwide. Whether it is music, food, or fashion, the trends that Japan brings are unavoidable. However, one of the things that has taken the world by storm is Japanese animation. It is one of the primary sources of content for Gen Z, with statistics showing that 44% of Americans aged 18-24 watch famous anime titles. Furthermore, it is expected for the anime industry to generate 69.8 billion dollars by 2032. With various companies supporting many of the streaming platforms for the consumers outside of Japan to watch anime, regions such as in Europe are showing anxious interest to be part of the market. As we are seeing the anime merchandising market size to be 2.07 billion dollars by 2030 with the support of conventions such as Japan Expo and SunnyCon Anime Expo.
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We have heard of artificial intelligence from all over the world, and it has been used in various industries. But there are mixed reviews when it comes to the area of music. Many artists have come forward to discuss their opinions on the use of AI in creating music and how it could affect the state of the industry. This can also be an opportunity for companies to further innovate their technologies for efficient and innovative creation, such as their songwriting tools and synthesizers. Whether you are for or against the movement, the important thing is the balance and the measures taken regarding copyright and the way AI is used.
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Sleeping is known to be one of the most essential aspects in our lives; yet, many people overlook it. The Centers for Disease Control and Prevention states that more than one in three adults in the U.S. are sleep-deprived, leading to many concerning factors that can affect individuals' health.
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Economic recessions are one of many phenomena difficult to avoid. As unsettling as they are, many countries around the world are currently going through a recession now. Understanding the causes and potential impacts of a downturn and taking proactive steps is essential to navigating our fast-paced global economy.
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As social media keeps dominating our world, there is no denying that it has also collided with many different industries across digital marketing. One of the specific digital platforms that has made a dynamic change over the past few years has been TikTok. They have gathered a massive following with a staggering 1 billion monthly users as of 2023 and will only continue to grow. There is no doubt that with the number of users on this platform, they will have the leverage to keep increasing their profits by gathering new up and coming creators and touching more specifically on the music industry.
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As the medical industry continues to advance each year, experts are seeing significant success in collaborations with Artificial Intelligence; the combination of these two markets is helping many patients get their diagnoses faster and efficiently.
Recent examinations have shown that AI has allowed radiologists to decrease 50% of their workloads. Also, instances of false positives given to patients have lessened. This new advanced system may eventually save millions of lives, specifically as experiments continue to measure how AI takes on cancer.
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As the rate that games are being developed at increases each day, the gaming industry shows no sign of slowing down any time soon. Although the pandemic prevented many gaming companies from developing new products, it helped the industry see a surge in many new gamers entering the market, leading up to present day.
Experts are seeing a rapid increase in the number of people playing games, with a staggering 3.38 billion people worldwide in 2023. As for the global market itself, experts predict $187.7 billion in revenue from the gaming industry this year, according to Newzoo. Large video game companies both abroad and in the United States, such as Activision Blizzard and Riot Games, are experiencing this growth first-hand.