Dublin, September 02, 2021 (GLOBE NEWSWIRE) – The “Global music market (recorded music, streaming and publishing): information and forecast with potential impact from COVID-19 (2021-2025)” report was added to ResearchAndMarkets.com offer.
The global music market is expected to register a value of US $ 70.02 billion in 2025, growing at a CAGR of 3.39% for the period 2021 to 2025.
Factors such as the acceleration in the number of paid streaming subscribers, the growing adoption of smartphones, the increase in music consumption, the growing popularity of digital music streaming platforms and the growing integration with the platforms. of social media are expected to stimulate the market.
However, the growth of the market would be compromised by the drop in ARPU of digital music platforms, the availability of pirated channels and privacy concerns. The market is expected to experience some trends such as improvement of mobile networks (4G and 5G technology), increasing internet penetration and technological advancement.
According to the type, the global music market can be divided into recorded music, streaming, music editing and others such as live music and broadcasting. In addition, the recorded music market can be divided into streaming (subscription and advertising supported), physical, download and other digital and others on the basis of format. Based on the category, the global music streaming market can be categorized into subscription and ad supported.
The global music streaming market, on the other hand, can be divided into digital, performance, timing, and mechanical, in terms of category.
The fastest growing recorded music market is the United States due to the increasing penetration of smartphones, the growing number of paid subscriptions to on-demand streaming services, the growing consumption of music in due to changing consumer tastes and preferences and increasing investment by record companies in digitization.
However, the market grew slowly in 2020, due to the COVID-19 pandemic, which resulted in the limitation of studio recordings and the shutdown of the live music business and other market operations of the music industry. music recorded in the area.
Scope of the report
- The report provides a comprehensive analysis of the global music market segmented on the basis of type and region.
- The main regional and national markets (United States, Japan, United Kingdom, Germany, China and rest of the world) were analyzed.
- Market dynamics such as growth drivers, market trends and challenges are analyzed in depth.
- The competitive landscape of the market, along with the company profiles of major players (Sony Group Corporation, Bertelsmann SE & Co. KGaA, Vivendi SE, Spotify Technology SA, Warner Music Group Corp., and Kobalt Music Group, Ltd.) are also presented. in detail.
Main topics covered:
1. Market overview
2. Impact of COVID-19
2.1 Cancellation of musical events
2.2 Growth in streaming subscriptions
2.3 Increase in the number of social media users
3. Market analysis
3.1 Global Music Market by Value
3.2 Global Music Market Forecast by Value
3.3 Global Music Market by Type
3.3.1 Global Recorded Music Market by Value
3.3.2 Global Recorded Music Market Forecast by Value
3.3.3 Global Recorded Music Market by Format
3.3.4 Global Recorded Music Format Market by Value
3.3.5 Global Recorded Music Formats Market Forecast by Value
3.3.6 Global Music Streaming Market by Value
3.3.7 Global Music Streaming Market Forecast by Value
3.3.8 Global Music Streaming Market by Category
3.3.9 Global Music Streaming Category Market by Value
3.3.10 Global Music Streaming Category Market Forecast by Value
3.3.11 Global Music Publishing Market by Value
3.3.12 Global Music Publishing Market Forecast by Value
3.3.13 Global Music Publishing Market Value by Category
3.3.14 Global Music Publishing Categories Market by Value
3.3.15 Global Music Publishing Category Market Forecast by Value
3.4 Global Recorded Music Market by Region
3.5 Global Music Streaming Market by Region
4. Recorded Music and Streaming – Regional Market Analysis
5. Market dynamics
5.1 Growth drivers
5.1.1 Acceleration of the number of paid streaming subscribers
5.1.2 Growing adoption of smartphones
5.1.3 Increase music consumption
5.1.4 Growing popularity of digital music streaming platforms
5.1.5 Growing Integration with Social Media Platforms
5.2 Key trends and developments
5.2.1 Improved mobile networks (4G and 5G technology)
5.2.2 Pattern of Internet penetration
5.2.3 Technological advances
5.3.1 Decline in ARPU of digital music platforms
5.3.2 Availability of pirated channels
5.3.3 Confidentiality issues
6. Competitive landscape
6.1 Global market
6.1.1 Comparison of the revenues of the main players
6.1.2 Comparison of the market capitalization of the main players
6.1.3 R&D comparison of key players
6.1.4 Global Recorded Music Market Share by Major Players
6.1.5 Global Music Streaming Market Share by Major Players
7. Company profiles
7.1 Sony Group Corporation (Sony Music Entertainment)
7.1.1 Company overview
7.1.2 Financial overview
7.1.3 Business strategies
7.2 Bertelsmann SE & Co. KGaA (BMG rights management)
7.2.1 Company overview
7.2.2 Financial overview
7.2.3 Business strategies
7.3 Vivendi SE (Universal Music Group)
7.3.1 Company Overview
7.3.2 Financial overview
7.3.3 Business strategies
7.4 Spotify Technology SA
7.4.1 Company overview
7.4.2 Financial overview
7.4.3 Business strategies
7.5 Warner Music Group Corp.
7.5.1 Company overview
7.5.2 Financial overview
7.5.3 Business strategies
7.6 Kobalt Music Group, Ltd.
7.6.1 Company overview
7.6.2 Business strategies
For more information on this report, visit https://www.researchandmarkets.com/r/q5gs1z