Covid 19 Impact 2020-30: Music Recording Market Opportunities Around The World With Leading Players: Universal Music Group; Sony Music; Warner Music
The global music recording market is expected to decline from $57.3 billion in 2019 to $55.8 billion in 2020 at a compound annual growth rate (CAGR) of -2.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $66.5 billion in 2023.
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The music recording industry 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.
Wearable technology such as gloves and jackets are being used by artists during live performances. Wearable technologies are accessories such as clothing, headgear and gloves etc. These devices are self-equipped to connect with machines without human intervention.
Music Recording Market Segmentation: -
1. Record Production
2. Music Publishers
3. Record Distribution
4. Sound Recording Studios
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Music Recording Market Characteristics
4. Music Recording Market Product Analysis
5. Music Recording Market Supply Chain
19. Music Recording Market Competitive Landscape
20. Key Mergers And Acquisitions In The Music Recording Market
21. Market Background: Film And Music Market
The report covers the trends and market dynamics of the music recording market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the music recording market are Universal Music Group; Sony Music; Warner Music
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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