Music Recording Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global music recording market as it emerges from the COVID-19 shut down.
Reasons to Purchase
Description:
Where is the largest and fastest growing market for music recording? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Music Recording market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider music recording market, and compares it with other markets.
Scope
Markets Covered:
1) By Type: Record Production; Music Publishers; Record Distribution; Sound Recording Studios
2) By Application: Mechanical; Performance; Synchronization; Digital; Others
3) By End-User: Individual; Commercial
4) By Genre: Rock; Hip hop; Pop; Jazz; Others
Companies Mentioned: Universal Music Group; Sony Music; Warner Music
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, music recording indicators comparison.
Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for music recording? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Music Recording market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider music recording market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The music recording market section of the report gives context. It compares the music recording market with other segments of the film and music market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, music recording indicators comparison.
Scope
Markets Covered:
1) By Type: Record Production; Music Publishers; Record Distribution; Sound Recording Studios
2) By Application: Mechanical; Performance; Synchronization; Digital; Others
3) By End-User: Individual; Commercial
4) By Genre: Rock; Hip hop; Pop; Jazz; Others
Companies Mentioned: Universal Music Group; Sony Music; Warner Music
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, music recording indicators comparison.
Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Music Recording Market
What is the estimated value of the Global Music Recording Market?
What is the growth rate of the Global Music Recording Market?
What is the forecasted size of the Global Music Recording Market?
Who are the key companies in the Global Music Recording Market?
1. Executive Summary2. Report Structure7. Music Recording Market Trends and Strategies8. Impact of COVID-19 on Music Recording21. Key Mergers and Acquisitions in the Music Recording Market25. Copyright and Disclaimer
3. Music Recording Market Characteristics
4. Music Recording Market Product Analysis
5. Music Recording Market Supply Chain
6. Music Recording Market Customer Information
9. Music Recording Market Size and Growth
10. Music Recording Market Regional Analysis
11. Music Recording Market Segmentation
12. Music Recording Market Metrics
13. Asia-Pacific Music Recording Market
14. Western Europe Music Recording Market
15. Eastern Europe Music Recording Market
16. North America Music Recording Market
17. South America Music Recording Market
18. Middle East Music Recording Market
19. Africa Music Recording Market
20. Music Recording Market Competitive Landscape
22. Market Background: Film and Music Market
23. Recommendations
24. Appendix
Major companies in the music recording market include Universal Music Group; Sony Music and Warner Music.
The global music recording market is expected to grow from $54. 22 billion in 2020 to $57. 05 billion in 2021 at a compound annual growth rate (CAGR) of 5. 2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $74. 11 billion in 2025 at a CAGR of 7%.
The music recording market consists of the revenues from the production and distribution of musical recordings, from publishing music, or from providing sound recording and related services earned by entities (organizations, sole traders and partnerships) that are in the music recording industry. The music recording market is segmented into record production; music publishers; record distribution and sound recording studios.
Asia Pacific was the largest region in the global music recording market, accounting for 34% of the market in 2020. North America was the second largest region accounting for 32% of the global music recording market. Africa was the smallest region in the global music recording market.
Many music recording companies are offering auto-tune applications to allow singer's 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 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.
Coronavirus Pandemic - The outbreak of Coronavirus disease (COVID-19) has acted as a significant restraint on some of the music recording markets in 2020 as businesses were disrupted due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity and restricted movement of goods and services with countries entering a state of 'lock down'. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, many media markets have been unaffected or benefited from this as they transmit their content remotely through digital channels. It is expected that the music recording market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Increase in Mobile, Tablet Platforms - Access to music on mobile platforms has increased significantly in recent years and this trend is likely 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 smart phones and tablets, especially in emerging countries. By the end of 2019, 72% of mobile traffic is expected to be video content. Thus, rise in the demand for music content through mobile platforms is expected to have a positive effect on the market during the forecast period.
The global music recording market is expected to grow from $54. 22 billion in 2020 to $57. 05 billion in 2021 at a compound annual growth rate (CAGR) of 5. 2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $74. 11 billion in 2025 at a CAGR of 7%.
The music recording market consists of the revenues from the production and distribution of musical recordings, from publishing music, or from providing sound recording and related services earned by entities (organizations, sole traders and partnerships) that are in the music recording industry. The music recording market is segmented into record production; music publishers; record distribution and sound recording studios.
Asia Pacific was the largest region in the global music recording market, accounting for 34% of the market in 2020. North America was the second largest region accounting for 32% of the global music recording market. Africa was the smallest region in the global music recording market.
Many music recording companies are offering auto-tune applications to allow singer's 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 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.
Coronavirus Pandemic - The outbreak of Coronavirus disease (COVID-19) has acted as a significant restraint on some of the music recording markets in 2020 as businesses were disrupted due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity and restricted movement of goods and services with countries entering a state of 'lock down'. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, many media markets have been unaffected or benefited from this as they transmit their content remotely through digital channels. It is expected that the music recording market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Increase in Mobile, Tablet Platforms - Access to music on mobile platforms has increased significantly in recent years and this trend is likely 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 smart phones and tablets, especially in emerging countries. By the end of 2019, 72% of mobile traffic is expected to be video content. Thus, rise in the demand for music content through mobile platforms is expected to have a positive effect on the market during the forecast period.
A selection of companies mentioned in this report includes:
- Universal Music Group
- Sony Music
- Warner Music
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