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Virtual Tuber (VTuber) Market Size to Grow USD 27590 Million by 2029 at a CAGR of 35.6% | Valuates Reports

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BANGALORE, India, March 6, 2024 /PRNewswire/ — VTuber Market is Segmented by Type (2D Vtuber, 3D Vtuber), by Application (Live Streaming & Performance, Digital Contents & Derivative).

The Global Vtuber (Virtual YouTuber) Market was valued at USD 4448 Million in 2022 and is anticipated to reach USD 27590 Million by 2029, witnessing a CAGR of 35.6% during the forecast period 2023-2029.

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Major factors driving the growth of Vtuber (Virtual YouTuber) Market

The VTuber business is expanding due to a number of important causes. First off, people can now more easily produce high-quality virtual avatars and material because of technological breakthroughs in motion capture and animation. A further factor drawing attention to the VTuber phenomenon is the growing popularity of virtual influencers and characters on social media platforms, which appeals to both consumers and producers.

Moreover, the capacity of VTubers to surpass geographical and linguistic obstacles, in addition to their popularity across a wide range of demographics, is propelling a rapid expansion in audience engagement and revenue prospects. Furthermore, by enabling business alliances and content production projects, brand-VTuber relationships and the rise of virtual talent agency and management firms are driving industry development.

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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL VIRTUAL TUBER (VTUBER) MARKET

Thanks to developments in animation and motion capture technology, the VTuber industry is expanding quickly. With the use of these technologies, VTubers may produce incredibly lifelike and captivating virtual personas that captivate viewers. Advancements in motion tracking, face recognition, and animation software have enabled VTubers to produce realistic avatars that precisely replicate their gestures and facial expressions, therefore augmenting the immersive experience for spectators.

The VTuber industry is expanding as a result of the growing appeal of virtual entertainment platforms like augmented reality (AR) and virtual reality (VR). With the help of these platforms, VTubers have the rare chance to communicate and create immersive virtual experiences with viewers.

The market for VTuber has expanded significantly as a result of globalization and the ease with which information is accessible internationally. By utilizing internet channels and translation services, VTubers may reach a worldwide audience, in contrast to conventional performers who could encounter linguistic and cultural restrictions. As a result, VTubers may draw in viewers from a wide range of cultural and ethnic backgrounds, broadening their audience and potential market. The market’s expansion has been aided by the rise of online communities focused on VTuber content. As members interact with their favorite VTubers and other enthusiasts, these networks provide fans a feeling of community and connection. VTubers may build devoted fan communities through live broadcasts, fan gatherings, and social media channels, which increase viewing and income.

One major factor contributing to the market expansion has been the incorporation of VTuber content into well-known live streaming services. VTubers can reach big audiences on platforms like Twitch, YouTube, and Bilibili, and they can make money with a variety of monetization options including contributions, subscriptions, and virtual currency. VTubers may reach millions of people globally and establish long-lasting careers as digital entertainment by utilizing these channels.

Lastly, a larger societal movement towards digital engagement and virtual experiences is helping the VTuber industry. VTubers provide an innovative and captivating kind of online content as society grows more and more dependent on digital technology for communication and entertainment. Demand for VTuber content is being driven by this shift in culture as people look for new ways to interact with one another and explore virtual worlds.

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VTUBER MARKET SHARE ANALYSIS

Virtual YouTubers like AnyColor, Cover Group, Bilibili, Youtube, 774, Inc., and others are major global leaders in the industry.The top five players have about 17% share.

With a market share of over 74%, Asia-Pacific is the largest, followed by North America and Europe, with respective shares of 12% and 11%.

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Key Players:

Yuehua EntertainmentBilibiliYouTubeMIKAIAnyColorCover Group774, inc

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  Virtual Youtuber Model Market

–  Online Virtual Youtuber Model market is projected to reach USD 964.3 Million in 2029, increasing from USD 485 Million in 2022, with a CAGR of 10.7% during the period of 2023 to 2029.

–  Video Live Streaming Solution market was valued at USD 1967 Million in 2023 and is anticipated to reach USD 6347.1 Million by 2030, witnessing a CAGR of 18.0% during the forecast period 2024-2030.

–  Live Streaming Video Platform Market revenue was USD 38310 Million in 2022 and is forecast to a readjusted size of USD 138400 Million by 2029 with a CAGR of 19.9% during the review period (2023-2029).

–  Live Streaming Pay-Per-View Market

–  Video Streaming Market

–  Live Streaming Video Platform Market

–  Video Streaming and Broadcasting Equipment Market

–  Online Video Platforms market size is projected to reach USD 3555.2 Million by 2027, from USD 1250.4 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 16.1% during the forecast period 2021-2027.

–  The video on demand market was valued at USD 84.6 Billion in 2022, and is estimated to reach USD 387.5 Billion by 2032, growing at a CAGR of 16.7% from 2023 to 2032.

–  Video Distribution Solutions Market

–  Video Marketing Services market is projected to reach USD 1664.2 Million in 2029, increasing from USD 691 Million in 2022, with the CAGR of 15.2% during the period of 2023 to 2029.

–  Video Production Services market was valued at USD 32830 Million in 2022 and is anticipated to reach USD 53860 Million by 2029, witnessing a CAGR of 8.6% during the forecast period 2023-2029.

–  Enterprise Video Content Management market is projected to grow from USD 8798.6 Million in 2023 to USD 14350 Million by 2029, at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period.

–  Video Content Creation Software Market

–  Digital Video Content market is projected to grow from USD 548090 Million in 2023 to USD 1096400 Million by 2029, at a Compound Annual Growth Rate (CAGR) of 12.3% during the forecast period.

–  Video-as-a-Service market size is expected to reach USD 5975.4 Million by 2029, growing at a CAGR of 25.8% from 2023 to 2029.

–  Video Services Market

–  SVoD Market

–  Live Game Streaming Market

–  Video Switchers for Live Streaming Market

–  Online Comic Reading Platform Market

–  Comic Book market size is estimated to be worth USD 12900 Million in 2022 and is forecast to a readjusted size of USD 23110 Million by 2028 with a CAGR of 10.2% during the forecast period 2022-2028.

–  Online Publishing Tool Market

–  The global Digital Publishing market size is projected to reach USD 226070 Million by 2028, from USD 104950 Million in 2021, at a CAGR of 11.4% during 2022-2028.

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Technology

Macrogen Consortium win tender for National Bio Big Data Project

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Illumina is proud to be selected as sequencing technology partner to the Macrogen Consortium.

SEOUL, South Korea, Dec. 23, 2024 /PRNewswire/ — Macrogen a global healthcare company that specializes in precision medicine and Illumina Inc. (NASDAQ: ILMN), a global leader in DNA sequencing and array-based technologies, announced today that they are honoured to support the National Bio Big Data project by sequencing and analysing 145,952 Korean genomes.

The National Bio Big Data Project project has been running in Korea as a pilot project since 2020. During this period about 20,000 genomes were analysed, 10,000 of these including people with a rare disease. The ultimate goal is to enable precision medicine by building a reference genome for about 770,000 Koreans by 2028 and a total of 1 million by 2032.  

“Being a part of this step change to improving public health in Korea through the voluntary collection and analysis of genomic, clinical and life record information from the general public, is paramount to ensure precision medicine becomes a standard of care for all Koreans,” said Changhoon Kim, CEO Macrogen.

“Illumina is pleased to be a part of the Korean bio industry ecosystem and to participate in such an important national project. We look forward to contributing to Korea by bringing our expertise and lessons learned from our direct involvement in leading pop gen projects around the world,” said Robert McBride, General Manager of Illumina Korea.

People across the globe have very similar genes but a small number of variants between populations can impact health. For example, some variants are associated closely with particular diseases such as cystic fibrous.[1]These variants can present differently in populations and have a significant impact on how individuals respond to medicines and treatments. Therefore, it is beneficial for Koreans to have information available that is unique to them.

Worldwide, the number of pop gen projects is expanding rapidly, including the UK, Japan, Singapore, Qatar, the United Arab Emirates, and Nigeria.

“Population genome projects are growing worldwide with many programs reaching significant milestones. But despite this inequity remains with the majority of genome datasets being of European descent. This means we have a lot of information how to develop drugs for European populations but this doesn’t translate in any meaningful way to other nationalities, said Robert McBride.

Population genomics provides a platform for industry engagement and investment, specifically in the pharmaceutical, biotechnology, and data sectors. By integrating large, diverse data sets and using advanced computing technology (such as artificial intelligence or machine learning), health systems and partners are optimally positioned to unlock the power of the genome even further, while improving quality of life and care and fostering economic growth.

“Precision medicine is changing how diseases are treated and this benefits everyone. For patients, treatments often work better when decisions are based around an individual’s genome, for drug companies it can reduce cost of development and for governments there are long term savings related to less waste and healthier patients,” said Changhoon Kim.

References

[1] https://www.genome.gov/about-genomics/educational-resources/fact-sheets/human-genomic-variation#:~:text=How%20do%20peoples’%20genomes%20vary,person%20responds%20to%20certain%20medications.

About Macrogen

Macrogen is a global genetic service provider, partnered with over 18,000 scientists in 150+ countries, and with more than 20 years of experience in the industry.

Established in 1997, from the Genome Medical Research Institute of Seoul National University, Macrogen has become a major service provider and consulting agent for government agencies, universities and research institutes around the world.

About Illumina

Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as a global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visit www.illumina.com and connect with us on X (Twitter), Facebook, LinkedIn, Instagram, TikTok, and YouTube

About the Consortium

Macrogen Consortium members include the following companies: DNA Link, Theragen Bio, and CG Invites

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/macrogen-consortium-win-tender-for-national-bio-big-data-project-302335981.html

SOURCE Illumina

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As 2025 IRS Mileage Rate Hits 70 Cents, Expert Warns: Ditch Risky Apps for Secure Paper Tracking

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Gig economy expert Ed Ryder warns against the risks of mileage tracking apps, and advocates using paper-based tracking methods instead. He introduces The Big Mileage Form, a secure alternative developed over two years to meet the specific needs of food delivery gig workers. Ryder highlights recent tech failures, like the July 2024 global IT outage, to underscore the vulnerabilities of digital solutions. The press release also mentions Ryder’s significant mileage deduction using his form and directs readers to GigCoach.net for additional resources, including a consumer tutorial to drive better food delivery outcomes and a gig coach training program.

PHILADELPHIA, Dec. 22, 2024 /PRNewswire-PRWeb/ — As the IRS announces a standard mileage rate of 70 cents per mile for 2025, gig economy expert Ed Ryder, who has completed over 10,000 deliveries with his own car using major food delivery platforms, urges fellow gig workers to reconsider their mileage tracking methods. While acknowledging the convenience of digital solutions, Ryder advocates for a return to secure, paper-based tracking to protect valuable mileage deductions.

With the mileage rate at 70 cents, accurate tracking is crucial for gig workers and small business owners. Mileage apps seem convenient, but they risk data loss from outages, glitches, and cyber attacks. Many overlook these significant dangers.

“With the mileage rate increasing to 70 cents, accurate tracking is more crucial than ever for gig workers and small business owners,” says Ryder, creator of The Big Mileage Form. “While mileage tracking apps seem convenient, they come with significant risks that many overlook. Network outages, app glitches, and cyber attacks can jeopardize months of data.”

Ryder points to the July 2024 global IT outage as a prime example of technology’s vulnerabilities. “A faulty software update caused mass airline disruptions and impacted other industries, catching major corporations off guard. This incident highlights that even in our digital age, software isn’t infallible. For me, I simply won’t trust mileage tracking apps with my most important tax deduction.”

To address these concerns, Ryder developed a comprehensive, paper-based solution. “I spent two years perfecting The Big Mileage Form, tailoring it to the specific needs of food delivery gig workers,” he explains. “At 11×17 inches, it provides ample space for detailed record-keeping and, crucially, it’s immune to software glitches, data breaches, and ransomware attacks.”

Ryder’s meticulous paper-based record-keeping resulted in a mileage deduction exceeding $19,000 on his 2023 federal taxes. “All my business-related miles are thoroughly documented on paper. I’m fully prepared to defend this deduction in case of an audit. This level of confidence is what I aim to provide other gig workers.”

“In today’s digital age, sometimes the most secure solution is the simplest one,” Ryder concludes. “My form not only ensures data security but also prepares users for potential IRS audits. It’s time to reconsider the old-fashioned, but reliable pen-and-paper method.”

For those interested in learning more about effective mileage tracking and other aspects of gig work, Ryder offers valuable resources on GigCoach.net. These include a tutorial for consumers titled ‘Fair Deal Delivery,’ which provides insights on how to improve food delivery outcomes. Additionally, experienced food delivery couriers can explore Ryder’s gig coach training program. Visit GigCoach.net to access these resources and learn more about The Big Mileage Form.

Media Contact

Ed Ryder, Match Experiment LLC, 1 484-493-8740, hello@ideamaned.com, gigcoach.net

View original content to download multimedia:https://www.prweb.com/releases/as-2025-irs-mileage-rate-hits-70-cents-expert-warns-ditch-risky-apps-for-secure-paper-tracking-302337779.html

SOURCE Gig economy expert Ed Ryder

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DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of Ascension Health Customers Whose Data May Have Been Compromised

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NEWTOWN, Pa., Dec. 22, 2024 /PRNewswire/ — The law firm of Edelson Lechtzin LLP is investigating claims regarding data privacy violations by Ascension Health (“Ascension”). Ascension learned of suspicious activity on or about May 8, 2024. To join this case, go HERE.

About Ascension Health

Ascension is a prominent non-profit health system in the nation and operates under Catholic principles.

What happened?

On or about May 8, 2024, Ascension detected unauthorized activity in its computer systems. Ascension initiated an investigation, which included retaining consulting cybersecurity experts and notifying the FBI. The investigation determined that between May 7 and 8, 2024, a cybercriminal accessed files containing personal information about Ascension’s patients and employees. This information included names, medical records, payment details, insurance information, government identification numbers, and other personal data such as dates of birth and addresses. Approximately 6 million individuals have been affected by this data breach.

How can I protect my personal data?

If you receive a data breach notification, you must guard against possible misuse of your personal information, including identity theft and fraud, by regularly reviewing your account statements and monitoring your credit reports for suspicious or unauthorized activity. Additionally, you should consider legal options for mitigating such risks.

Edelson Lechtzin LLP is investigating a class action lawsuit to seek legal remedies for customers whose sensitive personal and patient data may have been compromised by the Ascension data breach.

For more information, please contact:

Marc H. Edelson, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492
Email: medelson@edelson-law.com
Web:  www.edelson-law.com 

About Edelson Lechtzin LLP
Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving data breaches, our lawyers focus on class and collective litigation in cases alleging securities and investment fraud, violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and catastrophic injuries.

This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so counsel does not represent you unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing now. Your ability to share in any potential future recovery does not depend on serving as lead plaintiff.

View original content to download multimedia:https://www.prnewswire.com/news-releases/data-breach-alert-edelson-lechtzin-llp-is-investigating-claims-on-behalf-of-ascension-health-customers-whose-data-may-have-been-compromised-302337976.html

SOURCE Edelson Lechtzin LLP

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