Use Of Wearable Technology To Aid The Growth Of The Global Music Recording Market
Wearable technology such as gloves and jackets are being used by artists during live performances. Wearable technologies are accessories such as clothing, headgear and gloves etc. These devices are self-equipped to connect with machines without human intervention.
Music recording or audio recording involves capturing audio signals onto storage devices either analog or digital.
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The global music recording market was valued at around $55 billion in 2017. North America was the largest region in the music recording market in 2017, accounting for around 55% of the total market. The USA was the largest country in the market in 2017, accounting for around 45% of the total market.
The music recording market includes Reproduction And Publishing, Recording Studios, Television Recording, Stereo, Hi-Fi, Speakers, and Magnetic Tapes.
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The top three companies covered are Universal Music Group, Sony Music, and Warner Music. Universal Music Group was the largest company in the music recording market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The media market, of which the music recording market is a segment, includes sales of television and radio programs, motion pictures, digital content, and commercials along with video and audio recordings, games and publications by entities (organizations, sole traders and partnerships) that produce and distribute television and radio programs, motion pictures, and commercials along with video and audio recordings, games and publications. Examples of revenues are license fees, subscription and payments for advertising.
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The music recording market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast growth by geography. It places the market within the context of the wider media market, and compares it with other markets.