The Music Recording Global Market Report 2023 by The Business Research Company, provides music recording market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/music-recording-global-market-report
As per the findings presented in The Business Research Company’s Music Recording Global Market Report 2023, there was a noteworthy expansion in the market, witnessing a rise from $51.52 billion in 2022 to $54.84 billion in 2023, demonstrating a commendable Compound Annual Growth Rate (CAGR) of 6.4%. However, the trajectory of global economic recovery from the ongoing COVID-19 pandemic faced disruption due to the Russia-Ukraine war, particularly in the immediate aftermath. This conflict triggered a series of economic repercussions, encompassing sanctions on numerous nations, an upswing in commodity prices, and disruptions in supply chains. Consequently, these factors contributed to inflation across a spectrum of goods and services, significantly impacting various markets worldwide. Looking ahead, the music recording sector is poised for sustained growth, projecting an anticipated increase to $69.06 billion in 2027, maintaining a robust CAGR of 5.9%. This foresight underscores the industry's resilience and potential for future expansion, notwithstanding the prevailing global challenges.
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The music recording market is segmented:
1) Music Recording Market By Type: Record Production, Music Publishers, Record Distribution, Sound Recording Studios
2) Music Recording Market By Application: Mechanical, Performance, Synchronization, Digital, Other Applications
3) Music Recording Market By End-User: Individual, Commercial
4) Music Recording Market By Genre: Rock, Hip hop, Pop, Jazz, Other Genres
The landscape of music consumption has witnessed a remarkable surge in accessibility through mobile platforms, a trend poised to persist in the foreseeable future, thereby catalyzing the trajectory of the music recording market. This surge is chiefly propelled by the escalating rates of internet penetration and the proliferation of smartphones and tablets, particularly in burgeoning economies. Notably, 2021 witnessed a substantial uptick, with a staggering 65% surge in music streaming accounts. Consequently, the heightened demand for music content via mobile platforms is anticipated to exert a favorable influence on the market dynamics throughout the projected period, signifying a transformative shift in the industry's paradigm.
The music recording market report table of contents includes:
1. Executive Summary
2. Report Structure
3. Music Recording Market Characteristics
4. Music Recording Market Product Analysis
5. Music Recording Market Supply Chain
.......
20. Music Recording Market Competitive Landscape
21. Key Mergers And Acquisitions In The Music Recording Market
22. Market Background: Film And Music Market
23. Recommendations
24. Appendix
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The report titled as “Global Music Recording Market Research Report 2019”, which expedites the broad and focuses on growth of market.
The market size is finished with help of detailed research and research through sub-studies.
This report can be marked as an in-depth study of the key dynamics of the global market.
For the benefit of the client, an outline of the types, processes and value chains are covered in the report.
Click HERE To get SAMPLE PDF (Including TOC, Table & Figures) at: https://introspectivemarketresearch.com/request/7896Key Player Mentioned: Universal Music Group, Sony/ATV Music Publishing, Warner Music Group, BMG Rights Management, Kobalt Music, SONGS Music PublishingProduct Segment Analysis: Music Publishing, Music Recordings and othersApplication Segment Analysis: Mechanical, Performance, Synchronization, Digital, Others.
)This study on the Music Recording market discusses the scenario for the market period of 2020 to 2027, wherein the data is collected from the past and historical data from years 2018 and 2019.The study enables readers to make critical decisions relating to their business, with the help of a valuable data enclosed in the study.
The Business Research Company’s latest report Music Recording Global Market Report 2020 covers Music Recording market drivers, Music Recording market trends, Music Recording market segments, Music Recording market growth rate, Music Recording market major players, and Music Recording market size.
The report provides in-depth analysis of the impact of COVID-19 on the Music Recording industry, along with revised market numbers due to the effects of the coronavirus.View Complete Report: https://www.thebusinessresearchcompany.com/report/music-recording-global-market-report-2020-30-covid-19-impact-and-recoveryMusic Recording Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.The global music recording market is expected to decline from $57.3 billion in 2019 to $55.8 billion in 2020 at a compound annual growth rate (CAGR) of -2.7%.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $66.5 billion in 2023.Request for the sample now: https://www.thebusinessresearchcompany.com/sample.aspx?id=2188=smpThe report covers the music recording market’s segments- 1) By Type: Record Production, Music Publishers, Record Distribution, Sound Recording Studios2) By Application: Mechanical, Performance, Synchronization, Digital, Others3) By End-User: Individual, Commercial4) By Genre: Rock, Hip hop, Pop, Jazz, Others.About The Business Research Company: The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research.
