Global Music Recording Market Report 2023: Size, Growth, Share, Trends, Competitive Landscape, Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Music Recording Market report by The Business Research Company, This is mainly driven by the rise in internet penetration and growth in smartphones and tablets, especially in emerging countries. In 2021, there was an 65% increase in music streaming accounts. 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 $51.52 billion in 2022 to $54.84 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The music recording market is expected to grow to $69.06 billion in 2027 at a CAGR of 5.9%.

Read More On The Music Recording Market Report Here: https://www.thebusinessresearchcompany.com/report/music-recording-global-market-report

Major competitors 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 Music Recording Market is segmented
By Type: Record Production, Music Publishers, Record Distribution, Sound Recording Studios

By Application: Mechanical, Performance, Synchronization, Digital, Other Applications

By End-User: Individual, Commercial

By Genre: Rock, Hip hop, Pop, Jazz, Other Genres

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Music Recording Market.

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A music recording is a physical record of a musical performance that may be replayed or reproduced.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.

The Table Of Content For The Music Recording Market 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
26. Copyright And Disclaimer

The "Global Music Recording Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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