Music Distribution Services Market Value to Achieve USD 1683.08 Million by 2030

According to the report, the global music distribution services industry generated $911.87 million in 2020, and is expected to reach $1.68 billion by 2030, witnessing a CAGR of 6.2% from 2021 to 2030.

Increase in number of active music listeners around the globe and rise in interest in different varieties of music drive the growth of the global music distribution services market. However, risks related to data leakage and music piracy concerns in online music distribution restrain the market growth. On the other hand, integration of virtual reality in the music distribution platforms creates new opportunities in the coming years.

Download Sample PDF Report at: https://www.alliedmarketresearch.com/request-sample/9249

Based on type, the artist-to-fan segment accounted for the highest share in 2020, contributing to nearly three-fifths of the global music distribution services market, and is projected to continue its leadership status during the forecast period. Moreover, this segment is estimated to manifest the highest CAGR of 6.9% from 2021 to 2030. This is due to rise in internet penetration and adoption of artist-to-fan business models by independent musicians, independent music labels, music marketing experts, promoters, and others in the music industry to expand the fan base. The research also analyzes the distributor to digital retailers segment.

Based on deployment mode, the cloud segment held the largest share in 2020, accounting for nearly three-fifths of the global music distribution services market, and is projected to continue its lead position during the forecast period. Moreover, this segment is expected to witness the largest CAGR of 6.6% from 2021 to 2030. This is due to numerous advantages offered by cloud deployments such as low deployment costs, increased flexibility and scalability in music distribution software platforms, predictable running expenses, and risk reduction for system downtime. The report also discusses the on-premise segment.

Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/9249

Based on region, North America contributed to the highest market share in 2020, holding more than two-fifths of the global music distribution services industry, and is projected to continue its lead in terms of revenue by 2030. This is attributed to rise in investments in emerging technologies to streamline distribution processes, increased adoption of music distribution services to improve corporate performance, and developed socio-economic and IT infrastructure in countries such as the United States, Canada for cloud-based music distribution services. However, Asia-Pacific is expected to manifest the fastest CAGR of 8.6% during the forecast period. This is due to increases music distribution services such Spotify, Tik-Tok, and others along with deployment of automation by independent music producers and record companies to improve corporate processes, management, and audience behavior tracking.

If you have any special requirements, please let us know: https://www.alliedmarketresearch.com/request-for-customization/9249

Leading market players -
• Amuse
• Ditto Music
• Horus Music
• Kobalt Corp
• LANDR Audio
• RouteNote Inc
• The Orchard (Sony)
• Spotify
• Symphonic Distribution
• Tunecore

Procure Complete Report (325 Pages PDF with Insights, Charts, Tables, and Figures) at: https://bit.ly/418OqGA

Access Full Summary Report at: https://www.alliedmarketresearch.com/music-distribution-services-market-A08884

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.