The Music Recording Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Music Recording Global Market Report 2024, The music recording market size has grown strongly in recent years. It will grow from $55.44 billion in 2023 to $59.59 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to distribution platforms, music industry business models, artist promotion and marketing, copyright and intellectual property laws, cultural and genre trends.
The music recording market size is expected to see strong growth in the next few years. It will grow to $78.94 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to streaming dominance, emergence of niche markets, virtual and augmented reality experiences, blockchain and decentralized distribution, direct-to-fan engagement. Major trends in the forecast period include collaborations with other industries, ai and music creation, technology evolution, focus on high-resolution audio, emergence of virtual concert.
Access to music on mobile platforms has increased significantly in recent years and this trend is such asly to continue in the forecast period, thus driving the music recordings market. This is mainly driven by the rise in internet penetration and growth in smartphones and tablets, especially in emerging countries. In 2021, there was an 65% increase in music streaming accounts. Thus, a rise in the demand for music content through mobile platforms is expected to have a positive effect on the market during the forecast period.
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The music recording market covered in this report is segmented –
1) By Type: Record Production, Music Publishers, Record Distribution, Sound Recording Studios
2) By Application: Mechanical, Performance, Synchronization, Digital, Other Applications
3) By End-User: Individual, Commercial
4) By Genre: Rock, Hip hop, Pop, Jazz, Other Genres
Many music recording companies are offering to auto-tune applications to allow singers to exaggerate vocals and create a new pitch-perfect sound. Auto-Tune is an audio processing software used to measure and alter pitch in vocal and instrumental music recordings and performances. It is used to tweak small inaccuracies when singers sing out of tune and to retain the emotional content of the performance. For instance, major music recording studios offering to auto-tune software are Abbey Road Studios, London and Capitol Studios, Los Angeles to tune vocal recordings, add special effects and natural sound allowing the singer to sound pitch-perfect.
The music recording market report table of contents includes:
- Executive Summary
- Music Recording Market Characteristics
- Music Recording Market Trends And Strategies
- Music Recording Market - Macro Economic Scenario
- Global Music Recording Market Size and Growth
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- Global Music Recording Market Competitive Benchmarking
- Global Music Recording Market Competitive Dashboard
- Key Mergers And Acquisitions In Music Recording Market
- Music Recording Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Sony Corp.
- Capitol Studios
- Financière de l'Odet
- Bertelsmann SE & Co KGaA
- Universal Music Group
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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.
