DUBLIN, September 2, 2021 /PRNewswire/ — The report “Global Music Market (Recorded Music, Streaming and Publishing): Insights and Forecasts with Potential Impact of COVID-19 (2021-2025)” has been added to from 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 duration from 2021 to 2025.
Factors such as the growing number of paid streaming subscribers, growing adoption of smartphones, increasing music consumption, growing popularity of digital music streaming platforms and increasing integration with media platforms social should stimulate the market.
However, market growth would be challenged by declining ARPU of digital music platforms, availability of pirated channels, and privacy concerns. The market is expected to witness certain trends such as improving mobile networks (4G and 5G technology), increasing internet penetration and technological advancements.
By type, the global music market can be divided into recorded music, streaming, music publishing, and others such as live music and broadcasting. Further, recorded music market can be divided into streaming (subscription and advertising), physical, download and other digital and others on the basis of format. By 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, synchronization 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 online music due to changing consumer tastes and preferences and the growing investment of record companies in digitization.
However, the market has witnessed slow growth in 2020, due to the COVID-19 pandemic, which has resulted in the limitation of studio recording and the shutdown of the live music business and other market operations. music recorded in the region.
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, Great Britain, 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 key 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 of 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 Formats 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 Category Market by Value
3.3.15 Global Music Publishing 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 Drivers of growth
5.1.1 Acceleration in paid streaming subscribers
5.1.2 Growing Adoption of Smartphones
5.1.3 Increased 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 Raise Internet penetration
5.2.3 Technological advances
5.3.1 Drop in ARPU of digital music platforms
5.3.2 Availability of Pirated Channels
5.3.3 Privacy issues
6. Competitive landscape
6.1 Global market
6.1.1 Major Players Revenue Comparison
6.1.2 Major Players Market Cap Comparison
6.1.3 Key Players R&D Comparison
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 Overview of activities
7.1.2 Financial overview
7.1.3 Business strategies
7.2 Bertelsmann SE & Co. KGaA (BMG Rights Management)
7.2.1 Activity Overview
7.2.2 Financial overview
7.2.3 Business strategies
7.3 Vivendi SE (Universal Music Group)
7.3.1 Activity Overview
7.3.2 Financial overview
7.3.3 Business strategies
7.4 Spotify Technology AG
7.4.1 Company Overview
7.4.2 Financial overview
7.4.3 Business strategies
7.5 Warner Music Group Corp.
7.5.1 Activity Overview
7.5.2 Financial overview
7.5.3 Business strategies
7.6 Kobalt Music Group, Ltd.
7.6.1 Activity Overview
7.6.2 Business strategies
For more information about this report visit https://www.researchandmarkets.com/r/7likm4
Research and Markets
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SOURCE Research and Markets