Press release
Music Recording Market Expansion Continues, with Forecast Valuation of $83.44 Billion by 2029
Music Recording
Music Recording Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the size of the music recording market has seen robust growth. The market is projected to expand from $61.22 billion in 2024 to $65.14 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%. Factors contributing to this growth during the historic period include the emergence of distribution platforms, evolutions in the business models of the music industry, strategies for artist promotion and marketing, changes in copyright and intellectual property laws, and shifts in cultural and genre trends.
Music Recording Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the music recording market is anticipated to witness significant expansion. The market is projected to reach $83.44 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.4%. Factors such as the dominance of streaming, the rise of niche markets, the introduction of virtual and augmented reality experiences, blockchain and decentralized distribution, and direct-to-fan engagement have contributed to this predicted growth. Moving forwards, key trends that are predicted to shape the market include collaborations with other sectors, artificial intelligence in music creation, technological advancement, focus on high-resolution audio, and the advent of virtual concerts.
View the full report here:
https://www.thebusinessresearchcompany.com/report/music-recording-global-market-report
What Are the Drivers Transforming the Music Recording Market?
The music recordings market has seen substantial growth due to the rise of mobile music access in recent years, a trend that is projected to persist in the foreseeable future. This growth is primarily attributed to the increase in internet access and the surge in smartphone and tablet usage, particularly in developing nations. For example, the International Federation of the Phonographic Industry (IFPI), a non-profit recording industry based in the UK, stated that the overall streaming market, encompassing both subscription and ad-supported services, expanded to 67.0% in 2022, from 65.5% the previous year. Thus, it's anticipated that the increasing demand for music content via mobile platforms will create a favourable impact on the market throughout the projection period.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2188&type=smp
What Are the Key Trends Driving Music Recording Market Growth?
The growth of the music recording market is anticipated to hit a roadblock due to changes in consumer behavior and revenue. Rising operational expenses, such as wages and technology spending, have strained the profit margins of numerous law firms. To illustrate, Camoin Associates, an American non-profit organization, reported in February 2024 that vinyl records made up 72% of all non-digital music revenues in the US in the first half of 2023. This significantly eclipsed CDs, which only amassed revenues of $236 million in comparison to vinyl records' $632.4 million.
Which Segments in the Music Recording Market Offer the Most Profit Potential?
The music recording market covered in this report is segmented -
1) By Type: Record Production, Music Publishers, Record Distribution, Sound Recording Studios
2) By Application: Mechanical, Performance, Synchronization, Digital, Other Applications
3) By End-User: Individual, Commercial
4) By Genre: Rock, Hip hop, Pop, Jazz, Other Genres
Subsegments:
1) By Record Production: Studio Recording, Live Recording, Mixing and Mastering Services
2) By Music Publishers: Songwriting and Composition, Licensing and Rights Management, Music Catalog Administration
3) By Record Distribution: Physical Distribution (CDs, Vinyl), Digital Distribution (Streaming Services, Downloads), Retail and Online Sales
4) By Sound Recording Studios: Professional Recording Studios, Project Studios, Mobile Recording Units
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=2188&type=smp
Which Firms Dominate the Music Recording Market by Market Share and Revenue in 2025?
Major companies operating in the music recording market include Sony Corp., Capitol Studios, Bertelsmann SE & Co KGaA, Universal Music Group, Warner Music, Quad Studios, EastWest Studios, BMG Rights Management GmbH, GMM Grammy Public Company Limited, Abbey Road Studios, Metropolis Studios, Henson Recording Studios, Avex Inc., PolyGram N.V., Emperor Entertainment Group, 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
Which Regions Offer the Highest Growth Potential in the Music Recording Market?
Asia-Pacific was the largest region in the music recording market in 2024. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the music recording market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2188
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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 Expansion Continues, with Forecast Valuation of $83.44 Billion by 2029 here
News-ID: 4286368 • Views: …
More Releases from The Business Research Company
Global Production Printers Market Projected to Grow at 6% CAGR, Reaching $9.53 B …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Production Printers Industry Market Size Be by 2025?
In recent times, the size of the production printers market has exhibited significant growth. Expected to expand from a size of $7.1 billion in 2024, it is predicted to reach $7.56 billion in 2025, with a compound annual…
Mobile Device Proliferation Fueling Social Media Market Growth: Strengthening th …
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 Social Media Market Through 2025?
The size of the social media market has experienced swift expansion in the past few years. It is projected to increase from $185.26 billion in 2024 to $208.08 billion in 2025, with a compound annual growth rate…
Retail Self Service Kiosk: Core Growth Enabler in the Contactless Payments Drivi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Retail Self Service Kiosk Industry Market Size Be by 2025?
The market size of retail self-service kiosks has seen significant growth in the past years. The growth is projected to continue, rising from $23.41 billion in 2024 to $25.59 billion in 2025 with a compound annual…
Comprehensive 2025 Location-based Advertising Market Overview: Trends, Forecasts …
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 Location-based Advertising Market Through 2025?
The growth of the location-based advertising market has been meteoric in recent years, set to expand from $123.34 billion in 2024 to a whopping $142.96 billion in 2025, at a compound annual growth rate (CAGR) of 15.9%.…
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…
