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The music publishing market share is expected to increase by USD 2.41 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.73%.
This music publishing market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the music publishing market segmentation by product (live performance, digital sales, physical sales, synchronization, and others) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The music publishing market report also offers information on several market vendors, including Abkco Music and Records Inc., Atlas Music Publishing LLC, Bertelsmann SE and Co. KGaA, Big Yellow Dog Music, Black River Entertainment, Broadcast Music Inc., Concord Music Group Inc., Downtown Music Holdings Group of Companies, Hipgnosis Songs Fund Ltd., Kobalt Music Group Ltd., peermusic.com Inc., Reach Global Inc., Round Hill Music LP, Sony Group Corp, SoundExchange Inc., Super Cassettes Industries Ltd., The Walt Disney Co., Universal Music Group NV, Warner Music Group Corp, and Wixen Music Publishing Inc. among others.
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Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the music publishing market. During the COVID-19 pandemic, the music publishing market demand has been impacted greatly. A holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.
Key Music Publishing Market Driver
The growth of the global music industry is one of the key drivers supporting the music publishing market growth. The passion for music among people has increased the number of concerts and live performances held globally. The growing interest in music among the younger generation supports the market's growth. This growth is further driven by the growing demand for EDM (electronic dance music), which draws large crowds. The success of EDM music festivals such as Ultra Music Festival in Miami and the Bartenders, Promoters, and Musicians (BPM) Festival in Mexico is spurring the growth of live music globally. These factors will drive market growth during the forecast period.
Key Music Publishing Market Trend
The growth of the advertising industry is one of the key music publishing market trends contributing to the market growth. The rising focus on online marketing is expected to impact the global music publishing market. Advertising agencies are attempting to generate creative and effective content. Advertisements with fitting music can positively impact advertising campaigns by garnering more customer attention. This results in significant growth in visitor-to-lead conversion rates, customer acquisition, and website traffic. Therefore, businesses tend to invest significantly in implementing effective marketing communication strategies. This is expected to fuel the growth of the market during the forecast period.
Key Music Publishing Market Challenge
Lack of ownership of streaming music and issues associated with integration is one of the factors hampering the music publishing market growth. Digital music is an important part of music publishing. The popularity of digital music is driving the growth of music streaming services. Moreover, mobile apps offer both free and paid music streaming services. Such applications have large music libraries. However, listeners do not own the music that they listen to when they use streaming services, and Internet connectivity is required as not all streaming service providers offer offline music. Therefore, the lack of ownership prevents many people from relying on streaming services, so they prefer to download. This, in turn, will hamper the market growth during the forecast period.
This music publishing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global music publishing market as a part of the global media and entertainment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the music publishing market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the music publishing market encompasses successful business strategies deployed by the key vendors. The music publishing market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.
Our report provides extensive information on the value chain analysis for the music publishing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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34% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the music publishing market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rising adoption of music streaming services in countries such as China and India will facilitate the music publishing market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The outbreak of COVID-19 adversely impacted regional market growth. However, the region also witnessed increasing demand for digital and physical music in 2021. Thus, the increasing number of live performances and concerts by globally recognized artists and musicians across various economies in the region, such as India, Australia, and South Korea, is anticipated to complement the growth of the regional market during the forecast period.
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The music publishing market share growth in the live performance segment will be significant during the forecast period. The live performance segment in the market is expected to witness significant growth in terms of market share compared with other segments during the forecast period. This is due to the rising number of musicians, artists, and disc jockeys that have increased the interest of people in music. Moreover, the demand for live performances is increasing, owing to the increase in the number of live performances.
This report provides an accurate prediction of the contribution of all the segments to the growth of the music publishing market size and actionable market insights on the post-COVID-19 impact on each segment.
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Music Publishing Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.73% |
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Market growth 2022-2026 |
$2.41 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.21 |
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Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
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Performing market contribution |
APAC at 34% |
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Key consumer countries |
US, Canada, China, Japan, and The Netherlands |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Abkco Music and Records Inc., Atlas Music Publishing LLC, Bertelsmann SE and Co. KGaA, Big Yellow Dog Music, Black River Entertainment, Broadcast Music Inc., Concord Music Group Inc., Downtown Music Holdings Group of Companies, Hipgnosis Songs Fund Ltd., Kobalt Music Group Ltd., peermusic.com Inc., Reach Global Inc., Round Hill Music LP, Sony Group Corp, SoundExchange Inc., Super Cassettes Industries Ltd., The Walt Disney Co., Universal Music Group NV, Warner Music Group Corp, and Wixen Music Publishing Inc. |
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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. |
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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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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