Global Recorded Music Market Overview:
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.
- 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
- Campaigns Continues To Achieve Complete Value For Music in the Digital Marketplace
- Streaming Services Are Navigating the Global Music Industry
- 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
- Increasing Number Of Music Lovers and Their Engagement With Streaming Especially to Paid Subscription Audio Streaming Digital Revenues
- Music Piracy by the Recorded Companies
- Global Value Gap Which Involves Copyright Liability Issues on the Music That is Made Available To the Public
The market is fragmented by numerous key players who are working to promote growth in developing music markets, by creating engaging ways for fans to access music on multiple platforms.
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Nippon Crown Corp. Limited (Japan), Tokuma Japan Communications Corp. Limited (Japan), BBS Records Limited (United States) and MPO International (France). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Recorded Music market by 2024. Considering Market by Class Type, the sub-segment i.e. Analog Recording will boost the Recorded Music market.
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.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Recorded Music market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Recorded Music market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Music Industry, Government and Regulatory Bodies, Artists, End users, Platform providers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.