Global Music Recording Market Trends And Strategies Of Major Players In The Music Recording Market 2021-2030
1 Apr, 2021
The music recording market consists of the revenues from the production and distribution of musical recordings, from publishing music, or from providing sound recording and related services earned by entities (organizations, sole traders and partnerships) that are in the music recording industry. The music recording market is segmented into record production, music publishers, record distribution and sound recording studios.
Global Music Recording Market Size And Drivers:
The global music recording market is expected to grow from $54.22 billion in 2020 to $57.05 billion in 2021 at a compound annual growth rate (CAGR) of 5.2%. The market is expected to reach $74.11 billion in 2025 at a CAGR of 7%. Access to music on mobile platforms has increased significantly in recent years and this trend is likely to continue in the forecast period, thus driving the music recordings market. This is mainly driven by the rise in internet penetration and growth in smart phones and tablets, especially in emerging countries.
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Trends In The Global Music Recording Market
Many music recording companies are offering auto-tune applications to allow singers to exaggerate vocals and create a new pitch perfect sound. Auto-Tune is an audio processing software used to measure and alter pitch in vocal and instrumental music recordings and performances. It is used to tweak small inaccuracies, when singers sing out of tune and to retain the emotional content of the performance.
Global Music Recording Market Segments:
The global music recording market is further segmented based on type, application, genre and geography.
By Type: Record Production, Music Publishers, Record Distribution, Sound Recording Studios.
By Application: Mechanical, Performance, Synchronization, Digital, Others.
By By End-User: Individual, Commercial.
By Genre: Rock, Hip hop, Pop, Jazz, Others.
By Geography: The global music recording market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global music recording market, accounting for 34% of the total market.
Read More On The Report For The Global Music Recording Market At:https://www.thebusinessresearchcompany.com/report/music-recording-global-market-report-2020-30-covid-19-impact-and-recovery
Music Recording Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides music recording market overviews, analyzes and forecasts market size and growth for the global music recording market, music recording market share, music recording market players, music recording market segments and geographies, music recording market’s leading competitors’ revenues, profiles and market shares. The music recording market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.