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Global Music Market 2017-2021

About Music

The global music market consists of physical music copies, digital music, music publishing and concerts. Physical music copies segment is the fastest-declining segment. However, this offset is balanced by the popularity of digital music.

Technavio’s analysts forecast the global music market to grow at a CAGR of 8.93% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global music market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of concert tickets, digital music, music publishing, and physical music copies.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Music Market 2017-2021, 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 vendors
  • BMG Rights Management
  • Kobalt Music Group
  • Sony/ATV Music Publishing
  • Universal Music Group
  • Warner Music Group
Other prominent vendors
  • Deezer
  • Gaana.com
  • Guvera
  • Pandora Radio
  • Saavn
  • SoundCloud
  • Spotify
  • Apple Music
  • Aspiro Group
  • Curb Records
  • Disney Music
  • Fox Music
  • Imagem Music
  • Wrensong Entertainment
  • Eventbrite
  • StubHub
  • Ticketmaster
Market driver
  • Increasing adoption of digital music
  • For a full, detailed list, view our report
Market challenge
  • Lack of ownership in music streaming
  • For a full, detailed list, view our report
Market trend
  • Growth in global mobile ad spending market
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Music Market 2017-2021

Technavio recognizes the following companies as the key players in the global music market: BMG Rights Management, Kobalt Music Group, Sony/ATV Music Publishing, Universal Music Group, and Warner Music Group

Other Prominent Vendors in the market are: Deezer, Gaana.com, Guvera, Pandora Radio, Saavn, SoundCloud, Spotify, Apple Music, Aspiro Group, Curb Records, Disney Music, Fox Music, Imagem Music, Wrensong Entertainment, Eventbrite, StubHub, and Ticketmaster

Commenting on the report, an analyst from Technavio’s team said: “Wearable technology is one of the fastest growing segments in consumer electronic market. With the availability of wearable devices, such as Apple Watch, Moto 360, LG Watch R, many music service providers are focusing on developing wearable device-compatible music apps. For instance, SoundHound, Shazam, and Pandora Radio are some of the compatible music apps for Apple Watch, while Google Play is compatible with Moto 360. These apps enable direct access to the music service through the wearable device, providing users with a convenience of music on the go.”

According to the report,

Further, the report states that the growing penetration of mobile devices, such as smartphones and tablets, and the high-speed Internet connectivity is expanding the digital music market as they are used in music streaming and downloading. The development of several mobile apps and websites helped digital services gain a large audience. The number of smartphones shipped around the world in 2016 was nearly 1.5 billion units compared to 1.43 million units in 2015 and 1.3 million units in 2014. This number is expected to increase during the forecast period, while the number of tablet users in the world is expected to reach 1.4 billion in 2017. The rapid rise in the sales of mobile devices has increased the adoption of digital music exponentially. Furthermore, owing to the easy availability and affordability, a large number of individuals have active Internet connectivity on their mobile devices. In 2016, 49% of the total world population used the Internet. Therefore, the increased internet penetration is driving the growth of the global music market.

Companies Mentioned

BMG Rights Management, Kobalt Music Group, Sony/ATV Music Publishing, Universal Music Group, Warner Music Group, Deezer, Gaana.com, Guvera, Pandora Radio, Saavn, SoundCloud, Spotify, Apple Music, Aspiro Group, Curb Records, Disney Music, Fox Music, Imagem Music, Wrensong Entertainment, Eventbrite, StubHub, Ticketmaster.

  • Executive summary
  • Scope of the report
  • ResearchMethodology
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Overview of global music market
    • Product life cycle
      • Table Product life cycle of music 2016 and 2021
    • Global music market
      • Table Global music market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by revenue source
    • Global music market by revenue source
      • Table Global music market by revenue source 2016-2021 (% share)
      • Table Comparison of global music market by revenue source 2016-2021 ($ billions)
      • Table CAGR comparison of global music market by revenue source 2016-2021 (%)
      • Table Global music market by concert tickets 2016-2021 ($ billions)
      • Table Global music market by digital music 2016-2021 ($ billions)
      • Table Global music market by music publishing 2016-2021 ($ billions)
      • Table Global music market by physical music copies 2016-2021 ($ billions)
  • Buying criteria
    • Table Buying criteria for music
  • Geographical segmentation
    • Global music market by geography
      • Table Global music market by geography 2016-2021 (% share)
      • Table Comparison of global music market by geography 2016-2021 ($ billions)
      • Table CAGR comparison of global music market by geography 2016-2021 (%)
    • Music market in Americas
      • Table Music market in Americas 2016-2021 ($ billions)
    • Music market in EMEA
      • Table Music market in EMEA 2016-2021 ($ billions)
    • Music market in APAC
      • Table Music market in APAC 2016-2021 ($ billions)
  • Key leading countries
    • Music market in US
      • Table Music market in US 2016-2021 ($ billions)
    • Music market in Japan
      • Table Music market in Japan 2016-2021 ($ billions)
  • Market drivers
    • Table Global mobile app download market 2016-2021 (billion downloads)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Global mobile ad spending market 2016-2021 ($ billions)
  • Vendor landscape
    • Competitive scenario
    • Key leading vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Explore Technavio

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