Global Music Market to grow at a CAGR of 5.08% during the period 2016 - 2020; Finds New Report

Report forecast the global music market to grow at a CAGR of 5.08% during the period 2016-2020.

Publishing, digital music, physical music copies, and concert tickets are a few primary revenue sources for the music market. The market growth is attributed to the rising number of vendors and their expanding reach in developing markets, the popularity of concerts, growing number of music schools, and prevalence of digital music formats. In 2015, the Americas accounted for the larger proportion of the market share, and the US was the chief revenue generating country.

The report covers the present scenario and the growth prospects of the global music market for 2016-2020. To calculate the market size, the report considers revenue generated from the following segments:

• Concert tickets
• Digital music
• Physical music sales
• Music publishing

The market is divided into the following segments based on geography:

• Americas
• EMEA
• APAC

According to the report, increasing music subscription services is a crucial driver of the market. The growing collaboration between music service providers with social media platforms is also supporting market growth. Rising adoption of digital music, which offers ease of access and downloads through computers and mobile devices, is another factor contributing to the market growth.

Further, the report states that decline in the sales of physical copies is a prime challenge faced by vendors in the market.

Global Music Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Music Market: BMG, Kobalt Music, Sony/ATV Music, Universal Music and Warner Music.

Other Prominent Vendors in the market are: Music streaming, Subscription, Music publishing, Concert tickets

Market driver

• Increase in subscription services
• For a full, detailed list, view our report

Market challenge

• Decline in sales of physical records
• For a full, detailed list, view our report

Market trend

• Growth in mobile ad spending
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 42 pages and 15 Exhibit “Global Music Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation  by product type, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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