Dublin, Sept. 16, 2021 (GLOBE NEWSWIRE) — The “Global Music Recording Market Report 2021: Impact of COVID-19 and Recovery to 2030” report has been added to from ResearchAndMarkets.com offer.
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 market is expected to reach $74.11 billion in 2025 at a CAGR of 7%.
The music recording market includes revenue from the production and distribution of music recordings, music publishing, or the provision of sound recordings and related services earned by entities (organizations, individual companies and partnerships) who are in the music recording industry. The music recording market is segmented into record production; music publishers; distribution of records 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 offer auto-tuning apps to let singers exaggerate vocals and create a perfect new sound. Auto-Tune is audio processing software used to measure and alter the pitch of vocal and instrumental music recordings and performances. It is used to correct small inaccuracies, when singers sing out of tune, and to retain the emotional content of the performance. For example, the main music recording studios offering automatic tuning 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 have a its perfect.
Increase in Mobile and Tablet Platforms – Access to music on mobile platforms has increased significantly in recent years and this trend is expected to continue during the forecast period, thereby driving the music recordings market. This is mainly due to the rise in internet penetration and the growth of smart phones and tablets, especially in emerging countries. By the end of 2019, 72% of mobile traffic is expected to be video content. Thus, the increase in demand for music content through mobile platforms is expected to have a positive effect on the market during the forecast period.
Main topics covered:
2. Structure of the report
3. Characteristics of the music recording market
3.1. Market definition
3.2. Key segments
4. Product Analysis of Music Recording Market
4.1. Featured products/services
4.2. Key Features and Differentiators
4.3. Development products
5. Music Recording Market Supply Chain
5.1. Supply Chain
5.3. End customers
6. Music Recording Market Customer Information
6.1. Customer preferences
6.2. End-use market size and growth
7. Music Recording Market Trends and Strategies
8. Impact of COVID-19 on music recording
9. Music Recording Market Size and Growth
9.1. Market size
9.2. Historical Market Growth, Value (Billions of dollars)
9.2.1. Market Drivers
9.2.2. Market Constraints
9.3. Market growth forecast, value (in billions of dollars)
9.3.1. Market Drivers
9.3.2. Market Constraints
10. Music Recording Market Regional Analysis
10.1. Global music recording market, 2020, by region, value (USD billion)
10.2. Global Music Recording Market, 2015-2020, 2020-2025F, 2030F, Historical & Forecast, By Region
10.3. Global Music Recording Market Comparison, Growth and Market Share, by Region
11. Music Recording Market Segmentation
11.1. Global music recording market, segmentation by type, history and forecast, 2015-2020, 2020-2025F, 2030F, billions of dollars
- Record production
- Music publishers
- Broadcasting of recordings
- Sound recording studios
11.2. Global music recording market, segmentation by application, history and forecast, 2015-2020, 2020-2025F, 2030F, billions of dollars
11.3. Global music recording market, segmentation by end user, history and forecast, 2015-2020, 2020-2025F, 2030F, billion dollars
11.4. Global music recording market, segmentation by genre, history and forecast, 2015-2020, 2020-2025F, 2030F, billion dollars
12. Music Recording Market Metrics
12.1. Music recording market size, percentage of GDP, 2015-2025, global
12.2. Average per capita expenditure in the music recording market, 2015-2025, world
For more information on this report, visit https://www.researchandmarkets.com/r/7a2x9s