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The music market is forecasted to grow by USD 70,023.6 mn during 2023-2028, accelerating at a CAGR of 12.57% during the forecast period. The report on the music market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of digital music, increasing preference for music streaming services, and increased popularity of live events.
The music market is segmented as below:
By End-user
- Individual
- Commercial
By Source
- Recording
- Live
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the music market covers the following areas:
- Music market sizing
- Music market forecast
- Music market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Source
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global music market: 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..Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is increase in mergers and acquisitions (M&A) and strategic alliances among vendors and entry of new players.'
According to the report, one of the major drivers for this market is the increasing adoption of digital music.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
- Zee Entertainment Enterprises Ltd.
