Industry Background:
Digital streaming and downloads have dominated music consumption since the beginning of the 21st century. The recorded music companies continue to be a major stakeholder in the global music business. This market has been on the stage of transformation from physical to digital, downloads to streaming and ownership to access. According to IFPI (International Federation of the Phonographic Industry), The Global recorded music grew at 8.1% in the last few years. Music recording is a physical record of musical performance that can be played back or reproduced.
This growth is primarily driven by Paid Subscribers of Music Streaming Services Which In Turn Lead To Move the Consumer to a Subscription-Based Model and Ongoing Investment by Recorded Companies on Artists and Also In Digital Innovations.
Globally, a noticeable market trend is evident Campaigns Continues To Achieve Complete Value For Music in the Digital Marketplace
. The Media & Entertainment sector in the South America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Recorded Music NZ (New Zealand), Warner Music Inc. (United States), Universal Music (United States), Sony Music Entertainment (United States), LangVan Inc. (United States), Master Music Limited (London), De Plein Vent Studio (France), China Record Company (United States), Lifesong Records (United States) and King Record (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
June 2019, All Blues, the first-ever blues album with Peter Frampton Band, is debuting at number one on the Billboard Blues Albums Chart in the United States. The new collection, released via UMe/Universal Music Canada, also marks his best overall sales numbers and chart positions.
Market Drivers
- Paid Subscribers of Music Streaming Services Which In Turn Lead To Move the Consumer to a Subscription-Based Model
- Ongoing Investment by Recorded Companies on Artists and Also In Digital Innovations
Market Trend
- Campaigns Continues To Achieve Complete Value For Music in the Digital Marketplace
- Streaming Services Are Navigating the Global Music Industry
Restraints
- Issues Related To Copyright Infringement Is Hampering the Market
- Online Users Uploading Service Exploit Music without Returning Fair Revenue to Those Who Are Creating and Investing In It
Opportunities
Increasing Number Of Music Lovers and Their Engagement With Streaming Especially to Paid Subscription Audio Streaming Digital Revenues
Challenges
Music Piracy by the Recorded Companies and Global Value Gap Which Involves Copyright Liability Issues on the Music That is Made Available To the Public
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Recorded Music Study Sheds Light on
The Recorded Music Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Recorded Music industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Recorded Music industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.