Music Recording Market 2022 Analysis By Size, Share, Growth, Trends Up To 2031 | Sony Corp, Universal Music Group, Warner Music, Financière de l'Odet, Avex Inc., Bertelsmann SE & Co KGaA

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The global music recording market report by the business research company identifies Access to music on mobile platforms has increased significantly to be a major growth driver for the music recording 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 global music recording market grew from $47.4 billion in 2021 to $51.23 billion in 2022 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The music recording market is expected to grow to $62.09 billion in 2026 at a CAGR of 4.9%.

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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 the music recording report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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.

The global Music Recording market is segmented -
1) By Type: Record Production, Music Publishers, Record Distribution, Sound Recording Studios
2) By Application: Mechanical, Performance, Synchronization, Digital, Others
3) By End-User: Individual, Commercial
4) By Genre: Rock, Hip hop, Pop, Jazz, Others

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The Music Recording Market Report Contents Include
1. Executive Summary
2. Report Structure
3. Music Recording Market Characteristics
4. Music Recording Market Product Analysis
5. Music Recording Market Supply Chain
....
21. Key Mergers And Acquisitions In The Music Recording Market
22. Market Background: Film And Music Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer

This 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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