Dublin, September 16, 2021 (GLOBE NEWSWIRE) – The “Global Music Recording Market Report 2021: Impact of COVID-19 and Recovery to 2030” report was added to ResearchAndMarkets.com offer.
Leading 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 comprises the revenue from the production and distribution of musical recordings, music publishing or the provision of sound recording and related services earned by entities (organizations, sole proprietorships and partnerships) who 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. music. Africa was the smallest region in the world music recording market.
Many record companies offer auto-tuning apps to allow singers to exaggerate vocals and create perfect new sound. Auto-Tune is audio processing software used to measure and modify 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 major music recording studios offering auto tuning software are Abbey Road Studios in London and Capitol Studios in Los Angeles to tune vocal recordings, add special effects and natural sound allowing the singer to have a its perfect.
Rise 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, driving the market for music recordings. This is mainly due to the increase in internet penetration and the growth of smartphones and tablets, especially in emerging countries. By the end of 2019, 72% of mobile traffic is expected to be video content. Thus, increasing 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 segmentation
4. Product analysis of the music recording market
4.1. Leading products / services
4.2. Main characteristics and differentiators
4.3. Development products
5. Music recording market supply chain
5.1. Supply Chain
5.3. End customers
6. Information on customers in the music recording market
6.1. Customer Preferences
6.2. End-use market size and growth
7. Trends and strategies in the music recording market
8. Impact of COVID-19 on music recording
9. Size and growth of the music recording market
9.1. Market size
9.2. Historical market growth, value (in 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. Regional Analysis Of Music Recording Market
10.1. Global Music Recording Market, 2020, by Region, Value (USD Billion)
10.2. Global Music Recording Market, 2015-2020, 2020-2025F, 2030F, historical and forecast, by region
10.3. Global Music Recording Market, Growth and Market Share Comparison, by Region
11. Market segmentation of music recording
11.1. Global music recording market, segmentation by type, history and forecast, 2015-2020, 2020-2025F, 2030F, in USD billion
- 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, in USD Billion
11.3. Global music recording market, segmentation by end user, history and forecast, 2015-2020, 2020-2025F, 2030F, in USD billion
11.4. Global music recording market, segmentation by genre, history and forecast, 2015-2020, 2020-2025F, 2030F, in USD billion
12. Music recording market metrics
12.1. Music recording market size, percentage of GDP, 2015-2025, global
12.2. Average music recording market expenditure per capita, 2015-2025, global
For more information on this report, visit https://www.researchandmarkets.com/r/7a2x9s