Advertisement
UK markets close in 48 minutes
  • FTSE 100

    7,968.13
    +36.15 (+0.46%)
     
  • FTSE 250

    19,903.71
    +93.05 (+0.47%)
     
  • AIM

    743.79
    +1.68 (+0.23%)
     
  • GBP/EUR

    1.1694
    +0.0025 (+0.21%)
     
  • GBP/USD

    1.2635
    -0.0003 (-0.03%)
     
  • Bitcoin GBP

    56,230.60
    +1,421.03 (+2.59%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,253.08
    +4.59 (+0.09%)
     
  • DOW

    39,776.65
    +16.57 (+0.04%)
     
  • CRUDE OIL

    82.55
    +1.20 (+1.48%)
     
  • GOLD FUTURES

    2,235.00
    +22.30 (+1.01%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,504.86
    +27.77 (+0.15%)
     
  • CAC 40

    8,216.78
    +11.97 (+0.15%)
     

Music Recording Global Market Report 2022

ReportLinker
ReportLinker

Major companies in the music recording market include Sony Corp, Universal Music Group, Warner Music, Financière de l’Odet, Avex Inc. , Bertelsmann SE & Co KGaA, FUJI MEDIA HOLDINGS INC. , Hasbro Inc. and GMM Grammy Public Company Limited.

New York, March 08, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Music Recording Global Market Report 2022" - https://www.reportlinker.com/p06243801/?utm_source=GNW


The global music recording market is expected to grow from $47.40 billion in 2021 to $51.71 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $70.61 billion in 2026 at a CAGR of 8.1%.

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 main types of music recording are record production, music publishers, record distribution, and sound recording studios.A music publisher is a sort of publishing company that focuses on the distribution of music.

The different genres include rock, hip hop, pop, jazz, others and are used in several applications such as mechanical, performance, synchronization, digital, others. the various end-users include individuals, and commercial.

Asia Pacific was the largest region in the music recording market in 2021. Western Europe is expected to be the fastest growing region in the forecast period. . The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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 smartphones and tablets, especially in emerging countries.

In 2019, 72% of mobile traffic is expected to be video content. Thus, a rise in the demand for music content through mobile platforms is expected to have a positive effect on the market during the forecast period.

The outbreak of Coronavirus disease (COVID-19) has acted as a significant restraint on some of the music recording markets in 2020 as businesses were disrupted due to lockdowns imposed by governments globally.COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing.

The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia.Steps by national governments to contain the transmission have resulted in a decline in economic activity and restricted movement of goods and services with countries entering a state of ’lock down’.

The outbreak had a negative impact on businesses throughout 2020 and into 2021.However, many media markets have been unaffected or benefited from this as they transmit their content remotely through digital channels.

It is expected that the music recording market will recover from the shock across the forecast period as it is a ’black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy.

Many music recording companies are offering to 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. For instance, major music recording studios offering to auto-tune software are Abbey Road Studios, London and Capitol Studios, Los Angeles to tune vocal recordings, add special effects and natural sound allowing the singer to sound pitch-perfect.

The countries covered in the music recording market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam.


Read the full report: https://www.reportlinker.com/p06243801/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________

CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001