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).
Learn More On The Music Recording Market:
https://www.thebusinessresearchcompany.com/report/music-recording-global-market-report
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.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=2188&type=smp
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
.
.
.
- 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
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
