Recorded Music - Global Strategic Business Report

The global market for Recorded Music is estimated at US$27.7 Billion in 2023 and is projected to reach US$60.3 Billion by 2030, growing at a CAGR of 11.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the recorded music market is driven by several factors, including technological advancements, evolving consumer preferences, and innovative business models. Technology-related drivers include improvements in digital audio quality and the accessibility of music through mobile devices, making it possible for consumers to enjoy high-quality music anytime, anywhere. The proliferation of smart devices like voice-activated speakers has further integrated music consumption into daily life, expanding the contexts in which people listen to music. Consumer behavior has shifted towards subscription-based models, reflecting a preference for accessing a broad array of music rather than owning individual tracks or albums. Economically, the industry has adapted by developing diverse revenue streams that include not only music sales and streaming but also live performance royalties, merchandise, and brand partnerships. These trends underscore a vibrant sector that is continuously adapting to technological innovations and changing consumer demands, setting the stage for sustained growth in the years to come.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Digital Music segment, which is expected to reach US$44.9 Billion by 2030 with a CAGR of a 12.2%. The Physical Music segment is also set to grow at 10.2% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $7.5 Billion in 2023, and China, forecasted to grow at an impressive 16.0% CAGR to reach $13.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Recorded Music Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Recorded Music Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Recorded Music Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Abbey Road Studios, Avex, Inc., Bertelsmann SE & Co. KGaA, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 42 Featured):

• Abbey Road Studios
• Avex, Inc.
• Bertelsmann SE & Co. KGaA
• Emperor Group
• GMM Grammy PLC
• Metropolis Studios
• Quad Studios
• RAK Studios
• Real World Studios
• Sonic Ranch Voyager 51, Inc.
• Sony Music
• Sunset Sound
• United Recording
• Universal Music Group N.V.
• Warner Music Group, Inc.;