"The Report Global
Music Market 2017-2021 provides information on pricing, market
analysis, shares, forecast, and company profiles for key industry
participants. - MarketResearchReports.biz"
A
new research study has recently been added by
MarketResearchReports.biz to its vast collection of market research
reports. The 67-page research study, titled “Global
Music Market
2017-2021,” provides a detailed analysis, focusing on the key
aspects that are predicted to influence the growth of the market in
the near future. The growth factors, current trends, and limitations
in the global music market have been highlighted in the scope of the
report. In addition, the technological developments, key
segmentation, and the competitive scenario of the market have been
discussed in the scope of the study.
According
to the research study, the global music market is expected to exhibit
a progressive 9.0% CAGR between 2017 and 2021. The rising popularity
of digital music is considered as one of the major factors
anticipated to encourage the growth of the global music market in the
coming years. In addition, the rising adoption of the mobile devices
such as tablets and smartphone and a substantial growth in the mobile
ad spending market are estimated to bolster global music market
throughout the forecast period.
On
the basis of revenue source, the global music market has been
categorized into physical music copies, digital music, concert
ticket, and music publishing. In 2016, the concert ticket segment led
the global music market and is expected to retain its leading
position in the next few years. The growing popularity and the rising
number of live performances and musical bands are some of the key
factors that are estimated to encourage the growth of this segment in
the near future. In addition, a significant rise in the inclination
of individuals for attending live concerts is likely to contribute
towards the development of the concert ticket segment in the coming
years.
From
a geographical standpoint, the Americas are anticipated to witness a
strong growth throughout the forecast period in terms of revenue. The
robust growth of this region can be attributed to the presence of a
large number of artists, publishing houses, digital music service
providers, and bands. As per the research study, the North America
music market has reached its maturity, owing to which the key players
are expected to target the untapped market in the South America. As a
result, Brazil and Mexico are estimated to witness significant growth
in the next few years.
View Press Release @
http://www.marketresearchreports.biz/pressrelease/3682
The
global music market is extremely competitive in nature with a
presence of a large number of players operating in it. The prominent
players in the market are making remarkable efforts to expand their
product portfolio with the help of technological advancements and
create a brand name across the globe. Some of the key aspects on
which these players are competing against each other are the number
of albums, artists, streaming music library, and pricing. The key
players mentioned in the global music market include Warner Music
Group, BMG Rights Management, Universal Music Group, Kobalt Music
Group, and Sony/ATV Music Publishing.
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