The global music market consists of physical music copies, digital music, music publishing and concerts. Physical music copies segment is the fastest-declining segment. However, this offset is balanced by the popularity of digital music.
Technavio’s analysts forecast the global music market to grow at a CAGR of 8.93% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global music market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of concert tickets, digital music, music publishing, and physical music copies.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Music Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - BMG Rights Management - Kobalt Music Group - Sony/ATV Music Publishing - Universal Music Group - Warner Music Group
Other prominent vendors - Deezer - Gaana.com - Guvera - Pandora Radio - Saavn - SoundCloud - Spotify - Apple Music - Aspiro Group - Curb Records - Disney Music - Fox Music - Imagem Music - Wrensong Entertainment - Eventbrite - StubHub - Ticketmaster
Market driver - Increasing adoption of digital music - For a full, detailed list, view our report
Market challenge - Lack of ownership in music streaming - For a full, detailed list, view our report
Market trend - Growth in global mobile ad spending market - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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