The market is driven by increasing preference for on-demand music services, growing demand for music-related leisure activities, and the increasing adoption of digital music
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The recorded music market is forecasted to grow by USD 38.86 billion during 2023-2028, accelerating at a CAGR of 20.6% during the forecast period. The report on the recorded 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 preference for on-demand music services, growing demand for music-related leisure activities, and increasing adoption of digital music.
The recorded music market is segmented as below:
By Type
- Digital
- Physical
- Others
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
The report on the recorded music market covers the following areas:
- Recorded Music Market sizing
- Recorded Music Market forecast
- Recorded 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 report 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 primary and secondary research. 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 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 Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global recorded music market: Access Industries Inc., 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 N.V., Virgin Red Ltd., and Vivendi SE.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing preference for music streaming services."
According to the report, one of the major drivers for this market is the increasing preference for on-demand music services.
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:
- Access Industries Inc.
- 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 N.V.
- Virgin Red Ltd.
- Vivendi SE
