Learn about the global music recording market through The Business Research Company, which provides information on music recording market size, music recording market drivers and restraints, music recording market players, the COVID-19 impact on the music recording market, and more.

The global music recording market is expected to grow from $54.22 billion in 2020 to $57.05 billion in 2021 at a compound annual growth rate (CAGR) of 5.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $74.11 billion in 2025 at a CAGR of 7%.

Access to music on mobile platforms has increased significantly in recent years and this trend is likely to continue in the forecast period, thus driving the music recordings market.  

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The music recording market consists of the revenues from the production and distribution of musical recordings, from publishing music, or from providing sound recording and related services earned by entities (organizations, sole traders and partnerships) that are in the music recording industry.

Global Music Recording Market Segments Include:

By Type: Record Production, Music Publishers, Record Distribution, Sound Recording Studios

By Application: Mechanical, Performance, Synchronization, Digital, Others

By End-User: Individual, Commercial

By Genre: Rock, Hip Hop, Pop, Jazz, OthersBy Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Asia Pacific was the largest region in the global music recording market, accounting for 34% of the market in 2020.

Many music recording companies are offering 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.

TBRC’s music recording market report covers:

Major Market Players: Universal Music Group, Sony Music, Warner Music.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Music Recording Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides music recording market overviews, analyses and forecasts market size, share, music recording market players, music recording market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s music recording market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Film And Music Global Market Report 2021

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