Music Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, UK, Germany, France - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 170 SKU: IRTNTR74312

Music Market Forecast 2024-2028

The music market size is forecast to increase by USD 70.02 billion at a CAGR of 12.57% between 2023 and 2028. The music market is experiencing significant growth, driven by the surge in digital music adoption, with streaming and downloading contributing to nearly 60% of recording segment revenue. This trend is bolstered by the ease of accessing music online. Mergers, acquisitions, and strategic alliances among the recording players and the entry of new market participants are also shaping market growth. Global and regional vendors are offering diverse products, intensifying competition. Moreover, companies are increasingly partnering with technology providers to gain a competitive edge and maintain market positions. This market expansion is crucial for understanding trends like playlist customization and the emergence of new portals and video streaming services, catering to the preferences of millennials and fostering a vibrant community. Market research and growth analysis reports provide valuable insights into these dynamics.

Market Overview

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Market Segmentation by End-user, Source, Geography

End-user Analysis

The individual segment is estimated to witness significant growth during the forecast period. Factors such as the developments in network infrastructure that are lowering the cost of Internet services and providing people with access to music-streaming services on mobile devices are significantly contributing to the growth of this segment. In addition, there has been an incremental increase in mobile data traffic because of the growth in 4G and 5G services.

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The individual segment was the largest segment and was valued at USD 41.74 billion in 2018. Moreover, mobile data traffic is expected to grow significantly during the forecast period, which, in turn, will positively affect the growth of the global market. In addition, the developments in telecommunication standards, such as 4G and 5G are also expected to fuel the individual user segment, as these networks enable individual users to access high-quality music from anywhere at any given point in time. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

Source Analysis

Based on the source, the segment is classified into recording, live, and others. The main revenue sources of the recording segment include the creation and distribution of musical recordings, publishing songs, and providing sound recording and related services. In addition, music on mobile platforms has grown dramatically in recent years. This is mainly due to the increased Internet penetration and the growth of smartphones and tablets, particularly in emerging markets.  Moreover, 96% of consumers increased their online consumption in 2023. Therefore, there is an increase in demand for music content via mobile platforms which is fuelling the growth of this segment which in turn drives the market during the forecast period.

Regional Analysis

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North America is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. There is a significant growth of the market in North America due to the strong growth in streaming revenue. One of the main countries in North America which is fuelling the market growth in the region is the US due to the high spending capacity of the population. In addition, Apple and Spotify are the two largest music-streaming service players in the region, with both companies having paid subscriber bases of more than 25 million. Furthermore, the players in the region are expanding their business by collaborating with artists and gaining exclusive rights to their songs or by acquiring small companies in the the industry. Hence, such factors drive the market in North America during the forecast period.

Market Dynamics and Customer Landscape

In the ever-evolving landscape of entertainment, streaming platforms have revolutionized the way we consume media, driving the wave of digitalization in the industry. However, navigating complex copyright laws is essential to protect intellectual property rights amidst technological advancements. Understanding consumer preferences is key for streaming platforms to curate content effectively while addressing piracy concerns that threaten revenue streams. Adhering to the industry regulations, streaming platforms play a pivotal role in shaping trends such as declining album sales and the rise of digital formats like downloads.

Additionally, they influence the market for concert tickets through live streaming events. Thorough market growth and forecasting enable stakeholders to anticipate trends and opportunities, guiding strategic decisions based on accurate market forecasting.

Key Market Drivers

One of the key factors driving the market growth is the increasing adoption of digital music. There is a growing popularity for digital music which includes music streaming and downloading, contributing almost 60% of the revenue generated by the recording segment. In addition, the ease of accessing and downloading songs through the Internet is also fuelling the adoption of digital music.

Moreover, the convenience offered by digital music eliminates the need to carry physical forms, such as compact discs (CDs) and cassettes. In addition, the rising penetration of mobile devices such as smartphones and tablets and the availability of high-speed internet connectivity are driving the growth of digital music. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market during the forecast period.

Significant Market Trends

A key factor shaping the market growth is the increase in mergers and acquisitions (M&A) and strategic alliances among market players and entry of new players. Several global and regional vendors are offering differentiated products in the market, which is intensifying the competition among companies. In addition, there is an increasing focus on new strategies, such as partnering with technology providers, to gain a competitive edge in the market and retain their market positions.

Moreover, the companies are partnering with each other for business expansions through new distribution channels. In addition, investments in M&A and strategic alliances help service providers improve their market reach and customer base. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market during the forecast period.

Major Market Challenges

The decline in physical sales of music is one of the key challenges hindering the market growth. There has been a significant decline in the retail sales of CDs and digital downloads of music since the arrival of music-streaming in the market. In addition, customers are reluctant to purchase single tracks when they can access the complete album through music streaming services.

For instance, in 2020, approximately 257.2 million digital-music singles were downloaded in the US. In addition, the sale of physical media, such as CDs, also declined in 2021 compared with the past five years. Furthermore, a large number of users of digital downloads and CDs have switched to music-streaming. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market during the forecast period.

Major Market Companies and Competitive Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Alphabet Inc: The company offers music services such as YouTube music with and without ads.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

In the market, the landscape is shaped by internationalization, connecting diverse music communities worldwide through intelligent devices and digital platforms. With the proliferation of websites and audio streaming services, listeners enjoy access to a vast array of content, including podcasts and customized playlists tailored to their preferences. In this dynamic environment, song recommendations and podcast genres play a crucial role in guiding users through the plethora of content available on online and social media platforms. Recording companies and record labels leverage artists & repertoire (A&R) expertise and strategic marketing initiatives to navigate the evolving music ecosystem. While Amazon Music and Apple Music dominate the digital trend, video content on platforms like YouTube Premium and Tindle expands the scope of music consumption. Despite the rise of digital platforms, physical music revenue remains significant, catering to both traditional collectors and nostalgic enthusiasts.

Smart devices and online music streaming services enable seamless access to music content on connected devices, facilitated by improving fixed broadband speeds and digital payment systems. Bundle packs offered by platforms like the Financial Times enhance user experience in this moderately consolidated market. Artist collaborations and live performances continue to thrive, enriching the music experience beyond digital realms with captivating music videos and engaging interactions with fans. As the market evolves, innovation and collaboration remain essential drivers of its vibrancy and growth. 

The recording industry, along with the live business, forms the backbone of the music industry, with entities like Nielsen providing crucial insights into market trends and consumer behavior. Artists like Naezy play a significant role in shaping the music community and influencing popular culture. In recent years, the music industry has witnessed a shift towards digital platforms, with the proliferation of mobile apps and desktop applications offering access to a vast array of music content. Social networking sites have emerged as important tools for artists to connect with their fanbase, while the games industry has integrated music into its offerings, often leveraging in-app purchases to monetize content. The modeling approach to analyzing music consumption patterns has evolved, with a bottom-up approach gaining prominence. This method focuses on individual user behavior, providing a more nuanced understanding of preferences and trends within the music community. As a result, platforms like the App Store and mobile apps have become invaluable resources for discovering new music and engaging with artists and fellow enthusiasts alike.

The Market is undergoing a profound transformation fueled by digital innovation and changing consumer behaviors. With platforms like YouTube Music and Wynk Music catering to diverse musical tastes, Bollywood and international artists like DIVINE and Lauv are reaching global audiences. Record labels such as Sony Music and Rimas Publishing are adapting to the digital economy, leveraging rights management and royalty administration systems for customer billing and business intelligence. Live events at iconic venues like the Royal Opera House and podcast genres are thriving, facilitated by PTZ camera series and video switchers for immersive experiences. Forecasting techniques like S-curve function and exponential trend smoothing guide industry stakeholders, while insights from statistical offices and trade associations inform decision-making amidst fluctuating exchange rates and evolving consumer attitudes.

Market Scope

Report Coverage

Details

Page number

170

Base year

2023

Historic period

2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 12.57%

Market Growth 2024-2028

USD 70.02 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

12.1

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 43%

Key countries

US, China, UK, Germany, and France

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Alphabet Inc., Amazon.com Inc., Apple Inc., Aspiro AB, Bertelsmann SE and Co. KGaA, Curb Records Inc., Deezer SA, Kobalt-Music Group Ltd., NORTHERN MUSIC.Co. Ltd., Pioneer Music.Co., Sirius XM Holdings Inc., Sony Group Corp., Spotify Technology SA, Tencent Music Entertainment Group, THEME MUSIC.Co. Pvt. Ltd., Universal Music-Group NV, Vivendi SE, Warner-Music Group Corp, Yamaha Corp., and Zee Entertainment Enterprises Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market report between 2024 and 2028
  • Precise estimation of the market growth analysis and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market  across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Source
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global music market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global music market 2018 - 2022 ($ million)
    • 4.2 End-user Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • 4.3 Source Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Source Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Individual - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Individual - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Individual - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Individual - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Individual - Year-over-year growth 2023-2028 (%)
    • 6.4 Commercial - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Commercial - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Commercial - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by End-user
      • Exhibit 42: Market opportunity by End-user ($ million)
      • Exhibit 43: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Source

    • 7.1 Market segments
      • Exhibit 44: Chart on Source - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Source - Market share 2023-2028 (%)
    • 7.2 Comparison by Source
      • Exhibit 46: Chart on Comparison by Source
      • Exhibit 47: Data Table on Comparison by Source
    • 7.3 Recording - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Recording - Market size and forecast 2023-2028 ($ million)
      • Exhibit 49: Data Table on Recording - Market size and forecast 2023-2028 ($ million)
      • Exhibit 50: Chart on Recording - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Recording - Year-over-year growth 2023-2028 (%)
    • 7.4 Live - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Live - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Live - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Live - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Live - Year-over-year growth 2023-2028 (%)
    • 7.5 Others - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Source
      • Exhibit 60: Market opportunity by Source ($ million)
      • Exhibit 61: Data Table on Market opportunity by Source ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 UK - Market size and forecast 2023-2028
      • Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 France - Market size and forecast 2023-2028
      • Exhibit 103: Chart on France - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on France - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on France - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on France - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Alphabet Inc.
              • Exhibit 115: Alphabet Inc. - Overview
              • Exhibit 116: Alphabet Inc. - Business segments
              • Exhibit 117: Alphabet Inc. - Key news
              • Exhibit 118: Alphabet Inc. - Key offerings
              • Exhibit 119: Alphabet Inc. - Segment focus
            • 12.4 Amazon.com Inc.
              • Exhibit 120: Amazon.com Inc. - Overview
              • Exhibit 121: Amazon.com Inc. - Business segments
              • Exhibit 122: Amazon.com Inc. - Key news
              • Exhibit 123: Amazon.com Inc. - Key offerings
              • Exhibit 124: Amazon.com Inc. - Segment focus
            • 12.5 Apple Inc.
              • Exhibit 125: Apple Inc. - Overview
              • Exhibit 126: Apple Inc. - Business segments
              • Exhibit 127: Apple Inc. - Key news
              • Exhibit 128: Apple Inc. - Key offerings
              • Exhibit 129: Apple Inc. - Segment focus
            • 12.6 Aspiro AB
              • Exhibit 130: Aspiro AB - Overview
              • Exhibit 131: Aspiro AB - Product / Service
              • Exhibit 132: Aspiro AB - Key offerings
            • 12.7 Bertelsmann SE and Co. KGaA
              • Exhibit 133: Bertelsmann SE and Co. KGaA - Overview
              • Exhibit 134: Bertelsmann SE and Co. KGaA - Business segments
              • Exhibit 135: Bertelsmann SE and Co. KGaA - Key news
              • Exhibit 136: Bertelsmann SE and Co. KGaA - Key offerings
              • Exhibit 137: Bertelsmann SE and Co. KGaA - Segment focus
            • 12.8 Deezer SA
              • Exhibit 138: Deezer SA - Overview
              • Exhibit 139: Deezer SA - Product / Service
              • Exhibit 140: Deezer SA - Key news
              • Exhibit 141: Deezer SA - Key offerings
            • 12.9 Kobalt Music Group Ltd.
              • Exhibit 142: Kobalt Music Group Ltd. - Overview
              • Exhibit 143: Kobalt Music Group Ltd. - Product / Service
              • Exhibit 144: Kobalt Music Group Ltd. - Key offerings
            • 12.10 Sirius XM Holdings Inc.
              • Exhibit 145: Sirius XM Holdings Inc. - Overview
              • Exhibit 146: Sirius XM Holdings Inc. - Business segments
              • Exhibit 147: Sirius XM Holdings Inc. - Key offerings
              • Exhibit 148: Sirius XM Holdings Inc. - Segment focus
            • 12.11 Sony Group Corp.
              • Exhibit 149: Sony Group Corp. - Overview
              • Exhibit 150: Sony Group Corp. - Business segments
              • Exhibit 151: Sony Group Corp. - Key news
              • Exhibit 152: Sony Group Corp. - Key offerings
              • Exhibit 153: Sony Group Corp. - Segment focus
            • 12.12 Spotify Technology SA
              • Exhibit 154: Spotify Technology SA - Overview
              • Exhibit 155: Spotify Technology SA - Business segments
              • Exhibit 156: Spotify Technology SA - Key offerings
              • Exhibit 157: Spotify Technology SA - Segment focus
            • 12.13 Tencent Music Entertainment Group
              • Exhibit 158: Tencent Music Entertainment Group - Overview
              • Exhibit 159: Tencent Music Entertainment Group - Product / Service
              • Exhibit 160: Tencent Music Entertainment Group - Key offerings
            • 12.14 Vivendi SE
              • Exhibit 161: Vivendi SE - Overview
              • Exhibit 162: Vivendi SE - Business segments
              • Exhibit 163: Vivendi SE - Key offerings
              • Exhibit 164: Vivendi SE - Segment focus
            • 12.15 Warner Music Group Corp
              • Exhibit 165: Warner Music Group Corp - Overview
              • Exhibit 166: Warner Music Group Corp - Business segments
              • Exhibit 167: Warner Music Group Corp - Key offerings
              • Exhibit 168: Warner Music Group Corp - Segment focus
            • 12.16 Yamaha Corp.
              • Exhibit 169: Yamaha Corp. - Overview
              • Exhibit 170: Yamaha Corp. - Business segments
              • Exhibit 171: Yamaha Corp. - Key offerings
              • Exhibit 172: Yamaha Corp. - Segment focus
            • 12.17 Zee Entertainment Enterprises Ltd.
              • Exhibit 173: Zee Entertainment Enterprises Ltd. - Overview
              • Exhibit 174: Zee Entertainment Enterprises Ltd. - Product / Service
              • Exhibit 175: Zee Entertainment Enterprises Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 176: Inclusions checklist
                • Exhibit 177: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 178: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 179: Research methodology
                • Exhibit 180: Validation techniques employed for market sizing
                • Exhibit 181: Information sources
              • 13.5 List of abbreviations
                • Exhibit 182: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              music market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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