Press release
Music Recording Market 2024 - By Size, Industry Scope, Global Share, Key Country Analysis And Forecast To 2033
Music Recording Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=2188&type=smp
According to The Business Research Company's, The music recording market size has grown strongly in recent years. It will grow from $55.44 billion in 2023 to $59.59 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to distribution platforms, music industry business models, artist promotion and marketing, copyright and intellectual property laws, cultural and genre trends.
The music recording market size is expected to see strong growth in the next few years. It will grow to $78.94 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to streaming dominance, emergence of niche markets, virtual and augmented reality experiences, blockchain and decentralized distribution, direct-to-fan engagement. Major trends in the forecast period include collaborations with other industries, ai and music creation, technology evolution, focus on high-resolution audio, emergence of virtual concert.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/music-recording-global-market-report
Market Drivers and Trends:
Access to music on mobile platforms has increased significantly in recent years and this trend is such asly to continue in the forecast period, thus driving the music recordings market. 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.
Many music recording companies are offering to auto-tune applications to allow singers to exaggerate vocals and create a new pitch-perfect sound. Auto-Tune is an audio processing software used to measure and alter pitch in vocal and instrumental music recordings and performances. It is used to tweak small inaccuracies when singers sing out of tune and to retain the emotional content of the performance. For instance, major music recording studios offering to auto-tune software are Abbey Road Studios, London and Capitol Studios, Los Angeles to tune vocal recordings, add special effects and natural sound allowing the singer to sound pitch-perfect.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Sony Corp., Capitol Studios, Financière de l'Odet, Bertelsmann SE & Co KGaA, Universal Music Group, Warner Music, Hasbro Inc., Quad Studios, EMI Records Ltd., EastWest Studios, BMG Rights Management GmbH, GMM Grammy Public Company Limited, Abbey Road Studios, Metropolis Studios, Henson Recording Studios, Avex Inc., FUJI MEDIA HOLDINGS INC., PolyGram N.V., Emperor Entertainment Group, Pathé Records, Electric Lady Studios, Blackbird Studio, Sunset Sound Recorders, Ocean Way Recording, United Recording Studios, Record Plant, Associated Independent Recording, Real World Studios, Sonic Ranch, Studios 301, The Village Studios, Epic Records, Virgin Records, Avatar Studios (Power Station), RAK Studios
Music Recording Market 2024 Key Insights:
• The music recording market size is expected to see strong growth in the next few years. It will grow to $78.94 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
• Mobile Music Revolution: Driving Growth In The Music Recordings Market
• Pitch-Perfect Perfection The Role Of Auto-Tune Applications In Music Recording Market
• Asia-Pacific was the largest region in the music recording market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=2188&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Music Recording Market 2024 - By Size, Industry Scope, Global Share, Key Country Analysis And Forecast To 2033 here
News-ID: 3775961 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Record
Edifier Announces Record Growth
Edifier, prominent designers and award-winning manufacturers of consumer audio electronics, publicizes year on year growth of over 41% with increase in headphone operating income showing growth of 91.27%
Edifier? International, prominent designer and award-winning manufacturer of consumer audio electronics for both the lifestyle and multimedia markets, has announced its year on year results. Established in May 1996 in Beijing, China, Edifier was the brainchild of a small group of enterprising music…
SETTING THE RECORD STRAIGHT
Johannesburg, 19 November 2019:- Further to various false media allegations made by PGC Group of Companies (PGC) former-CEO, Zwilenkosi (Zwi) (Reuben) Mdletshe, PGC and its trustees, wish to set the record straight once and for all to lay this matter to rest.
In December last year, the President of POPCRU, Mr Zizamele Cebekhulu approached Mr Mpho Dipela, the ex-Financial Director of PGC, for assistance to investigate matters of financial concern…
Patient Record Management Market Revenue to Record Stellar Growth Rate During 20 …
In this fast developing world, humans are less focused on their health issues and daily life activities. The emerging technologies in the areas of telecommunications are widely used in the healthcare sector, to provide better facilities and also to consume the time of treatment. Nowadays, the number of diseases have increased, with the increase in technologies and most of the people are facing health issues, especially due to the emission…
Spintelligent marks half-year with record after record at its African events
“Record attendances at our events are important to show growth and momentum but knowing that we are relevant to the industries that we serve and are also making a difference outside of our business is equally, if not more, important” – this is according to David Ashdown, MD of Spintelligent, leading Cape Town-based trade exhibition and conference organiser and the African office of Clarion Events Ltd, based in the UK.…
TRUMPF Presents Record Growth
Company’s Largest Ever Rise in Revenues –
CEO demands: "We need a Quick and Sustainable Solution to the Euro Crisis."
Ditzingen, October 19, 2011 – TRUMPF has posted the largest revenue rise in its entire history. During the past fiscal year (ending June 30, 2011) the Ditzingen machine-tool producer saw an increase of 51 percent, with sales rising by 683 million Euros to 2.024 billion Euros. This was announced today at…
eProspector Announces Record Growth
300% revenue increase in 2007 and secured 600th customer license
Atlanta, GA. (January 2, 2008) – Net Sales Solutions, Inc., a 9 year old sales and marketing solutions company, announced today that it’s flagship solution eProspector has helped the company increase revenues threefold this year and secure its 600th customer license. Overall, the company has experienced average annual growth over the past 5 years of 133%. eProspector is a unique…
