STOCK TITAN

Akamai Research Reveals Extensive Global Piracy Demand, Industry and Regional Trends

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Negative)
Tags
Rhea-AI Summary

Akamai Technologies released its latest report titled "Pirates in the Outfield," revealing the significant impact of online piracy on industries. The report highlights that U.S. piracy costs the economy $29.2 billion annually, with 3.7 billion global unlicensed streams and downloads between January and September 2021. Major industries affected include television and publishing. Akamai emphasizes the need for collaborative anti-piracy strategies as piracy continues to evolve, reflecting a 16% rise over the previous period.

Positive
  • Akamai's report underscores its expertise in addressing digital security issues.
  • Collaboration with MUSO indicates strong partnerships for tackling piracy.
Negative
  • The report highlights a significant $29.2 billion annual loss to the U.S. economy due to piracy.
  • Online piracy remains a growing issue, with a 16% increase over the last nine months.

CAMBRIDGE, Mass., Jan. 26, 2022 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the world's most trusted solution for protecting and delivering digital experiences, released today new research detailing the persistence of online piracy. "Pirates in the Outfield" is Akamai's latest State of the Internet / Security report and examines the evolving piracy landscape, which, according to the U.S. Chamber of Commerce's Global Innovation Policy Center, costs the U.S. economy alone $29.2 billion in lost revenue each year. The new report is a collaboration between Akamai and MUSO, which provided data on streaming and download piracy activity across several industries.

The research illustrates how online piracy continues to be prevalent across, and financially detrimental to, a variety of industries. Between January and September 2021, global piracy demand — measured by visits to websites offering access to movies and television shows, either directly through a browser or mobile application, as well as torrent downloads — reached 3.7 billion unlicensed streams and downloads. According to the research, 61.5% of consumers who visited piracy sites accessed them directly, while 28.6% actively searched for them.

"Piracy is an ongoing battle, and there's no silver bullet to address each type of piracy online. As content developers get better at guarding against piracy, criminals are adapting their methods to access protected content," said Steve Ragan, security researcher at Akamai and author of the report. "The impact of piracy goes far beyond stolen movies and other content. The real cost is behind the scenes, leading to the loss of livelihood for those who work to create the movies, films, books, and software we all consume and enjoy."

The scale of online piracy outlined in the report presents one of the most difficult and complex issues for companies to address. At a time when media, publishing, and other digital services companies are focusing on protecting revenue due to changing consumer behavior, it's paramount to understand the threat landscape to successfully mitigate risk. Piracy poses a security issue both internally at organizations and as another potential attack vector to protect against breaches of critical intellectual property (IP).

"When examining piracy globally and across the film, TV, software, publishing, and music industries, the vast scale of piracy is clear. Perhaps more concerningly, in many areas, piracy is still a growing problem, with an overall 16% increase on the previous nine-month period," said James Mason, CTO of MUSO. "As highlighted by our partnering with Akamai on this report, working collaboratively to deeply understand the latest trends within piracy's ever-changing ecosystem is key to forming effective anti-piracy strategies, as opposed to combating piracy in silos."

Breaking down piracy trends
In addition to the unrelenting demand for pirated materials, the report revealed several other notable takeaways, including:

  • A total of 132 billion visits to piracy websites occurred between January 2021 and September 2021
  • The top pirated industries were television (67 billion total visits), publishing (30 billion total visits), film (14.5 billion total visits), music (10.8 billion total visits) and software, which includes video games and modern PC software (8.9 billion total visits)
  • Globally, the United States (13.5 billion), followed by Russia (7.2 billion), India (6.5 billion), China (5.9 billion), and Brazil (4.5 billion), were the top five locations for piracy website visits last year

To access the full Akamai 2022 State of the Internet / Security report "Pirates in the Outfield," please visit Akamai's State of the Internet page.

For additional information, the security community can access, engage with, and learn from Akamai's threat researchers and the insight that the Akamai Intelligent Edge Platform affords into the evolving threat landscape by visiting Akamai's Security Threat Hub. Existing Akamai customers can also leverage Akamai's Managed Content Protection offering to mitigate the effects of growing piracy demand.

About Akamai
Akamai powers and protects life online. The most innovative companies worldwide choose Akamai to secure and deliver their digital experiences — helping billions of people live, work, and play every day. With the world's largest and most trusted edge platform, Akamai keeps apps, code, and experiences closer to users — and threats farther away. Learn more about Akamai's security, content delivery, and edge compute products and services at www.akamai.com, blogs.akamai.com, or follow Akamai Technologies on Twitter and LinkedIn.

Contacts:
Chris Nicholson
Akamai Media Relations
+1 617-444-2987
cnichols@akamai.com

Tom Barth
Akamai Investor Relations
+1 617-274-7130
tbarth@akamai.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/akamai-research-reveals-extensive-global-piracy-demand-industry-and-regional-trends-301468185.html

SOURCE Akamai Technologies, Inc.

FAQ

What is the economic impact of online piracy according to Akamai's report?

Akamai's report states that online piracy costs the U.S. economy $29.2 billion annually.

How many unlicensed streams and downloads were recorded globally between January and September 2021?

The report recorded 3.7 billion unlicensed streams and downloads globally during that period.

Which industries are most affected by online piracy?

The top affected industries include television, publishing, film, music, and software.

What trends in online piracy were observed in Akamai's research?

The report indicates a 16% increase in piracy over the previous nine-month period.

What collaboration did Akamai engage in for this report?

Akamai partnered with MUSO to provide data and insights on piracy trends.

Akamai Technologies Inc

NASDAQ:AKAM

AKAM Rankings

AKAM Latest News

AKAM Stock Data

14.16B
147.40M
1.84%
98.73%
5.98%
Software - Infrastructure
Services-business Services, Nec
Link
United States of America
CAMBRIDGE