Global Recorded Music Market 2024-2028

Recorded Music Market 2024-2028

The recorded music market is forecasted to grow by USD 38868.3 mn during 2023-2028, accelerating at a CAGR of 20.6% during the forecast period. The report on the recorded music market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing preference for on-demand music services, growing demand for music-related leisure activities, and increasing adoption of digital music.

Technavio's recorded music market is segmented as below:

• By Type
• Digital
• Physical
• Others
• By Geographical Landscape
• Europe
• North America
• APAC
• South America
• Middle East and Africa

This study identifies the increasing preference for music streaming services as one of the prime reasons driving the recorded music market growth during the next few years. Also, rising adoption of subscription model and increasing demand for music synchronization will lead to sizable demand in the market.

The report on the recorded music market covers the following areas:

• Recorded Music Market sizing
• Recorded Music Market forecast
• Recorded Music Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading recorded music market vendors that include Access Industries Inc., Aditya Music Pvt. Ltd., Atlantic Recording Corp., Beggars Group, Bertelsmann SE and Co. KGaA, DAIICHIKOSHO CO. LTD, Master Music Ltd, Naxos Digital Services Ltd, PSI Capital Inc., Reel Note Studios, RP Sanjiv Goenka Group, Sony Group Corp., Super Cassettes Industries Ltd., Tips Industries Ltd., Universal Music Group N.V., Virgin Red Ltd., and Vivendi SE. Also, the recorded music market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.