0

Recorded Music Market by Geography and Type - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 120
  • SKU: IRTNTR41267
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

Based on Technavio's market sizing methodology, the recorded music market size is predicted to surge to USD 21.40 billion from 2021 to 2026 at a CAGR of 13.27%.

This recorded music market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The recorded music market report also offers information on several market vendors, including Aditya Music Pvt. Ltd., Atlantic Recording Corp., Beggars Group, Bertelsmann SE and Co. KGaA, DAIICHIKOSHO CO. LTD, Master Music Ltd, Naxos Digital Services Ltd, PSI Capital Inc., Reel Note Studios, RP Sanjiv Goenka Group, Sony Group Corp., Super Cassettes Industries Ltd., Tips Industries Ltd., Universal Music Group, Virgin Group Holdings Ltd., Vivendi SE, and Warner Music Group Corp among others.

This report extensively covers recorded music market segmentations by the following:

  • Type - Digital, Physical, and Others
  • Geography - Europe, North America, APAC, South America, and Middle East and Africa

What will the Recorded Music Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Recorded Music Market Size for the Forecast Period and Other Important Statistics

 

Recorded Music Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing preference for on-demand music services is notably driving the recorded music market growth, although factors such as illegal downloads and piracy may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the recorded music industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Recorded Music Market Driver

One of the key factors driving growth in the recorded music market is the increasing preference for on-demand music services. The presence of factors such as a rise in the number of devices supporting digital media, coupled with increased internet penetration and access speed, has provided consumers with a wide range of options to access media content at any time and from anywhere. The growing integration of cloud computing features in smartphones offers numerous benefits to users and is likely to affect revenue globally. Consumers are attracted to music on-demand services, mainly due to the free subscription services offered by most of the market players. In addition, several music streaming applications allow consumers to personalize their preferences and content. Furthermore, various developments in wired and wireless technologies and telecommunication standards such as 3G, 4G, and 5G have resulted in improvements in internet bandwidth, thus ultimately increasing the adoption of music on-demand services across the world.

Key Recorded Music Market Trend

The increasing preference for music streaming services is a recorded music market trend that is expected to have a positive impact in the coming years. The number of consumers opting for paid subscription services for streaming music increased, crossing 520 million customers globally. There are 18% new subscribers opting for music streaming services every year worldwide. Globally, the development of wired and wireless technologies and telecommunication standards such as 3G, 4G, and 5G has resulted in an improvement in internet bandwidth, thereby supporting the adoption of music streaming services across the world. To increase the subscription of paid music streaming services, Pandora and YouTube are experimenting with different options. For instance, these companies are increasingly including advertisements in free music streaming services, compelling customers to shift from free music streaming services to add-free paid subscription models, which, in turn, is contributing to the growth of the global recorded music market during the forecast period.

Key Recorded Music Market Challenge

The illegal downloads and piracy will be a major challenge for the recorded music market during the forecast period. Only a few countries in Europe, such as the UK, France, and Germany, have proper piracy laws. In countries such as Portugal, the Netherlands, and Spain, copyright piracy is rampant. In some countries, the downloading of copyrighted works is allowed for personal use. For instance, in Switzerland, the laws prohibit third parties from monitoring peer-to-peer networks. However, it is illegal to upload a file for torrenting. With rapid changes in the business model of the music industry, especially the shift to digital music, it has become very difficult to curb piracy. The growing base of internet users has increased the possibility of pirated physical and digital copies of music being made available online. Thus, piracy is a challenge for the global recorded music market.

This recorded music 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.

Parent Market Analysis

Technavio categorizes the global recorded music market as a part of the global movies and entertainment market within the global media and entertainment sector. 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 recorded music market during the forecast period.

Who are the Major Recorded Music Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aditya Music Pvt. Ltd.
  • Atlantic Recording Corp.
  • Beggars Group
  • Bertelsmann SE and Co. KGaA
  • DAIICHIKOSHO CO. LTD
  • Master Music Ltd
  • Naxos Digital Services Ltd
  • PSI Capital Inc.
  • Reel Note Studios
  • RP Sanjiv Goenka Group
  • Sony Group Corp.
  • Super Cassettes Industries Ltd.
  • Tips Industries Ltd.
  • Universal Music Group
  • Virgin Group Holdings Ltd.
  • Vivendi SE
  • Warner Music Group Corp

 

This statistical study of the recorded music market encompasses successful business strategies deployed by the key vendors. The recorded music market is fragmented and the vendors are deploying growth strategies such as trying to come up with innovative solutions and product offerings, which are more diverse, and engage a large section of the audience to compete in the market.

Product Insights and News

  • DAIICHIKOSHO CO. LTD - DAIICHIKOSHO CO. LTD is a privately held company headquartered in Japan. It is a regional company, with limited information regarding its financials and limited information regarding its employee strength is available. Its revenue from the global recorded music market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • DAIICHIKOSHO CO. LTD - The company ensures that the writers receive full service through proper song registration. 

To make the most of the opportunities and recover from 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 recorded music market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Recorded Music Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the recorded music 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.

Which are the Key Regions for Recorded Music Market?

For more insights on the market share of various regions Request for a FREE sample now!

34% of the market’s growth will originate from APAC during the forecast period. Japan is the key market for recorded music 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 recorded music 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 Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 had a negative impact on the regional recorded music market. The pandemic resulted in numerous deaths in China and other nations, prompting lockdowns in the region. However, in 2021, due to the availability of COVID-19 vaccines and the large-scale vaccination drives carried out by the governments of countries in APAC, the media and entertainment industries gradually resumed to normal. Therefore, the operations of the recorded music market returned to normal, which contributed to the growth of the market and is likely to continue growing during the forecast period.

What are the Revenue-generating Type Segments in the Recorded Music Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The recorded music market share growth by the digital segment will be significant during the forecast period. Streaming includes a variety of services, such as ad-supported services like Vevo and YouTube, as well as the ad-supported tiers of services like Spotify, streaming radio services like Pandora and SiriusXM, and premium subscription services like Spotify Premium and Apple Music. The paid streaming service segment is likely to witness a high growth rate during the forecast period because of a steady rise in the number of paid subscribers. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the recorded music market size and actionable market insights on post COVID-19 impact on each segment.

 

Recorded Music Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 13.27%

Market growth 2022-2026

$ 21.40 billion

Market structure

Fragmented

YoY growth (%)

17.3

Regional analysis

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

Performing market contribution

APAC at 34%

Key consumer countries

US, Japan, UK, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aditya Music Pvt. Ltd., Atlantic Recording Corp., Beggars Group, Bertelsmann SE and Co. KGaA, DAIICHIKOSHO CO. LTD, Master Music Ltd, Naxos Digital Services Ltd, PSI Capital Inc., Reel Note Studios, RP Sanjiv Goenka Group, Sony Group Corp., Super Cassettes Industries Ltd., Tips Industries Ltd., Universal Music Group, Virgin Group Holdings Ltd., Vivendi SE, and Warner Music Group Corp

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, 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.

Request for a FREE sample

What are the Key Data Covered in this Recorded Music Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive recorded music market growth during the next five years
  • Precise estimation of the recorded music market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the recorded music industry across Europe, North America, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of recorded music market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

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 Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Digital - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Digital - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Digital - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Digital - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Digital - Year-over-year growth 2021-2026 (%)
    • 5.4 Physical - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Physical - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Physical - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Physical - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Physical - Year-over-year growth 2021-2026 (%)
    • 5.5 Others - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Type
      • Exhibit 40: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Japan - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.10 UK - Market size and forecast 2021-2026
      • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 France - Market size and forecast 2021-2026
      • Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Beggars Group
              • Exhibit 93: Beggars Group - Overview
              • Exhibit 94: Beggars Group - Product / Service
              • Exhibit 95: Beggars Group - Key offerings
            • 10.4 Bertelsmann SE and Co. KGaA
              • Exhibit 96: Bertelsmann SE and Co. KGaA - Overview
              • Exhibit 97: Bertelsmann SE and Co. KGaA - Business segments
              • Exhibit 98: Bertelsmann SE and Co. KGaA - Key news
              • Exhibit 99: Bertelsmann SE and Co. KGaA - Key offerings
              • Exhibit 100: Bertelsmann SE and Co. KGaA - Segment focus
            • 10.5 DAIICHIKOSHO CO. LTD
              • Exhibit 101: DAIICHIKOSHO CO. LTD - Overview
              • Exhibit 102: DAIICHIKOSHO CO. LTD - Product / Service
              • Exhibit 103: DAIICHIKOSHO CO. LTD - Key offerings
            • 10.6 Master Music Ltd
              • Exhibit 104: Master Music Ltd - Overview
              • Exhibit 105: Master Music Ltd - Product / Service
              • Exhibit 106: Master Music Ltd - Key offerings
            • 10.7 Naxos Digital Services Ltd
              • Exhibit 107: Naxos Digital Services Ltd - Overview
              • Exhibit 108: Naxos Digital Services Ltd - Product / Service
              • Exhibit 109: Naxos Digital Services Ltd - Key offerings
            • 10.8 PSI Capital Inc.
              • Exhibit 110: PSI Capital Inc. - Overview
              • Exhibit 111: PSI Capital Inc. - Product / Service
              • Exhibit 112: PSI Capital Inc. - Key offerings
            • 10.9 Sony Group Corp.
              • Exhibit 113: Sony Group Corp. - Overview
              • Exhibit 114: Sony Group Corp. - Business segments
              • Exhibit 115: Sony Group Corp. - Key news
              • Exhibit 116: Sony Group Corp. - Key offerings
              • Exhibit 117: Sony Group Corp. - Segment focus
            • 10.10 Universal Music Group
              • Exhibit 118: Universal Music Group - Overview
              • Exhibit 119: Universal Music Group - Product / Service
              • Exhibit 120: Universal Music Group - Key offerings
            • 10.11 Vivendi SE
              • Exhibit 121: Vivendi SE - Overview
              • Exhibit 122: Vivendi SE - Business segments
              • Exhibit 123: Vivendi SE - Key offerings
              • Exhibit 124: Vivendi SE - Segment focus
            • 10.12 Warner Music Group Corp
              • Exhibit 125: Warner Music Group Corp - Overview
              • Exhibit 126: Warner Music Group Corp - Business segments
              • Exhibit 127: Warner Music Group Corp - Key offerings
              • Exhibit 128: Warner Music Group Corp - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 129: Inclusions checklist
                • Exhibit 130: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 131: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 132: Research methodology
                • Exhibit 133: Validation techniques employed for market sizing
                • Exhibit 134: Information sources
              • 11.5 List of abbreviations
                • Exhibit 135: 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.

              TechnavioINFORMATION 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
              Technavio

              TechnavioDATA 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
              Technavio

              TechnavioREPORT WRITING

              Qualitative

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

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
              Get your FREE sample now!
              The recorded music market market growth will increase by $$ 21.40 bn during 2023-2026.
              The recorded music market market is expected to grow at a CAGR of 13.27% during 2023-2026.
              Technavio has segmented the recorded music market market by type (Digital, Physical, and Others) and geography (Europe, North America, APAC, South America, and Middle East and Africa).
              Aditya Music Pvt. Ltd., Atlantic Recording Corp., Beggars Group, Bertelsmann SE and Co. KGaA, DAIICHIKOSHO CO. LTD, Master Music Ltd, Naxos Digital Services Ltd, PSI Capital Inc., Reel Note Studios, RP Sanjiv Goenka Group, Sony Group Corp., Super Cassettes Industries Ltd., Tips Industries Ltd., Universal Music Group, Virgin Group Holdings Ltd., Vivendi SE, Warner Music Group Corp are a few of the key vendors in the recorded music market market.
              APAC will register the highest growth rate of 34% among the other regions. Therefore, the recorded music market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the recorded music market market growth are:
              • Increasing preference for on-demand music services
              • Increasing preference for music streaming services
              The recorded music market market vendors should focus on grabbing business opportunities from the digital segment as it accounted for the largest market share in the base year.
              Safe and Secure SSL Encrypted
              Technavio

              Single User:

              2500 USD

              Technavio Get the report (PDF) sent to your email within minutes.

              Subscribe & Save

              Get lifetime access to our
              Technavio Insights

              Want to customize this report?

              This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

              We offer $1000 worth of FREE customization at the time of purchase
              Technavio
              Enquire Before Buying
              1. Home
              2. Communication Services
              3. Published Report
              17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>