Global Music Market (Recorded Music, Streaming & Publishing): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)

Global Music Market (Recorded Music, Streaming & Publishing): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)

The global music market is expected to record a value of US$70.02 billion in 2025, progressing at a CAGR of 3.39%, for the duration spanning 2021-2025. The factors such as accelerating number of paid streaming subscribers, rising adoption of smartphones, expanding music consumption, growing popularity of digital music streaming platforms and growing integration with social media platforms are expected to drive the market. However, the market growth would be challenged by declining ARPU of digital music platforms, availability of pirated channels and privacy issues. The market is anticipated to experience certain trends like improved mobile networks (4G & 5G Technology), mounting penetration of the internet and advancements in technology.

According to type, the global music market can be bifurcated into recorded music, streaming, music publishing and others such as live music and broadcast. Further, the recorded music market can be split into streaming (subscription & ad supported), physical, download & other digital and others, on the basis of format. Whereas, depending on the category, the global music streaming market can be categorized into subscription and ad-supported. The global music streaming market, on the other hand, can be divided into digital, performance, synchronization and mechanical, in terms of category.

The fastest growing recorded music market is the U.S. on account of rising smartphone penetration, increasing number of paid subscriptions to on-demand streaming services, growing music consumption on account of changing tastes and preferences of consumers and growing investment of record companies for digitization. However, the market experienced a slow growth in 2020, due to the COVID-19 pandemic, which resulted in limiting studio recording and shutting down live music sector and other operations of the recorded music market across the region.

Scope of the report:

  • The report provides a comprehensive analysis of the global music market segmented on the basis of type and region.
  • The major regional and country markets (the U.S., Japan, the U.K., Germany, China and Rest of the World) have been analyzed.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (Sony Group Corporation, Bertelsmann SE & Co. KGaA, Vivendi SE, Spotify Technology S.A., Warner Music Group Corp. and Kobalt Music Group, Ltd.) are also presented in detail.
Key Target Audience:
  • Music Producers & Composers
  • Music Publishers
  • End Users (Media & Entertainment Industry, Streaming Apps & Live Concerts)
  • Government Bodies & Regulating Authorities


1. Market Overview
1.1 Introduction
Table 1: Aspects of Music
1.2 Fundamental Elements of Music
Table 2: Fundamental Elements of Music
1.3 Structure of Music Industry
Table 3: Structure of Music Industry
1.4 Classification of Music Streaming Business Models
Table 4: Classification of Music Streaming Business Models
1.5 Collection Process of Recorded Music
Table 5: Collection Process of Recorded Music
1.6 Royalty Payment Flow - Subscription Services
Table 6: Royalty Payment Flow - Subscription Services
1.7 Value Chain of Music Industry
Table 7: Value Chain of Music Industry
2. Impact of COVID-19
2.1 Cancellation of Music Events
Table 8: Cancellation of Music Festivals, Conferences & Concerts (2020)
2.2 Growth in Streaming Subscriptions
Table 9: Streaming Revenue as % of Total Music Industry Revenue in the U.S. (2016-2020)
2.3 Escalating Number of Social Media Users
Table 10: Total Number of Global Social Media Users (July 2019- July 2021)
3. Global Market Analysis
3.1 Global Music Market by Value
Table 11: Global Music Market by Value (2016-2020)
3.2 Global Music Market Forecast by Value
Table 12: Global Music Market Forecast by Value (2021-2025)
3.3 Global Music Market by Type
Table 13: Global Music Market by Type (2020)
3.3.1 Global Recorded Music Market by Value
Table 14: Global Recorded Music Market by Value (2016-2020)
3.3.2 Global Recorded Music Market Forecast by Value
Table 15: Global Recorded Music Market Forecast by Value (2021-2025)
3.3.3 Global Recorded Music Market by Format
Table 16: Global Recorded Music Market by Format (2020)
3.3.4 Global Recorded Music Format Market by Value
Table 17: Global Recorded Music Format Market by Value (2016-2020)
3.3.5 Global Recorded Music Format Market Forecast by Value
Table 18: Global Recorded Music Format Market Forecast by Value (2021-2025)
3.3.6 Global Music Streaming Market by Value
Table 19: Global Music Streaming Market by Value (2016-2020)
3.3.7 Global Music Streaming Market Forecast by Value
Table 20: Global Music Streaming Market Forecast by Value (2021-2025)
3.3.8 Global Music Streaming Market by Category
Table 21: Global Music Streaming Market by Category (2020)
3.3.9 Global Music Streaming Category Market by Value
Table 22: Global Music Streaming Category Market by Value (2016-2020)
3.3.10 Global Music Streaming Category Market Forecast by Value
Table 23: Global Music Streaming Category Market Forecast by Value (2021-2025)
3.3.11 Global Music Publishing Market by Value
Table 24: Global Music Publishing Market by Value (2016-2020)
3.3.12 Global Music Publishing Market Forecast by Value
Table 25: Global Music Publishing Market Forecast by Value (2021-2025)
3.3.13 Global Music Publishing Market Value by Category
Table 26: Global Music Publishing Market by Category (2020)
3.3.14 Global Music Publishing Category Market by Value
Table 27: Global Music Publishing Category Market by Value (2016-2020)
3.3.15 Global Music Publishing Category Market Forecast by Value
Table 28: Global Music Publishing Category Market Forecast by Value (2021-2025)
3.4 Global Recorded Music Market by Region
Table 29: Global Recorded Music Market by Region (2020)
3.5 Global Music Streaming Market by Region
Table 30: Global Music Streaming Market by Region (2020)
4. Recorded Music & Streaming - Regional Market Analysis
4.1 The U.S.
4.1.1 The U.S. Recorded Music Market by Value
Table 31: The U.S. Recorded Music Market by Value (2016-2020)
4.1.2 The U.S. Recorded Music Market Forecast by Value
Table 32: The U.S. Recorded Music Market Forecast by Value (2021-2025)
4.1.3 The U.S. Music Streaming Market Forecast by Value
Table 33: The U.S. Music Streaming Market Forecast by Value (2020-2025)
4.2 Japan
4.2.1 Japan Recorded Music Market by Value
Table 34: Japan Recorded Music Market by Value (2016-2020)
4.2.2 Japan Recorded Music Market Forecast by Value
Table 35: Japan Recorded Music Market Forecast by Value (2021-2025)
4.2.3 Japan Music Streaming Market Forecast by Value
Table 36: Japan Music Streaming Market Forecast by Value (2020-2025)
4.3 The U.K.
4.3.1 The U.K. Recorded Music Market by Value
Table 37: The U.K. Recorded Music Market by Value (2016-2020)
4.3.2 The U.K. Recorded Music Market Forecast by Value
Table 38: The U.K. Recorded Music Market Forecast by Value (2021-2025)
4.3.3 The U.K. Music Streaming Market Forecast by Value
Table 39: The U.K. Music Streaming Market Forecast by Value (2020-2025)
4.4 Germany
4.4.1 Germany Recorded Music Market by Value
Table 40: Germany Recorded Music Market by Value (2016-2020)
4.4.2 Germany Recorded Music Market Forecast by Value
Table 41: Germany Recorded Music Market Forecast by Value (2021-2025)
4.4.3 Germany Music Streaming Market Forecast by Value
Table 42: Germany Music Streaming Market Forecast by Value (2020-2025)
4.5 China
4.5.1 China Recorded Music Market by Value
Table 43: China Recorded Music Market by Value (2016-2020)
4.5.2 China Recorded Music Market Forecast by Value
Table 44: China Recorded Music Market Forecast by Value (2021-2025)
4.5.3 China Music Streaming Market Forecast by Value
Table 45: China Music Streaming Market Forecast by Value (2020-2025)
4.6 RoW
4.6.1 RoW Recorded Music Market by Value
Table 46: RoW Recorded Music Market by Value (2016-2020)
4.6.2 RoW Recorded Music Market Forecast by Value
Table 47: RoW Recorded Music Market Forecast by Value (2021-2025)
4.6.3 RoW Music Streaming Market Forecast by Value
Table 48: RoW Music Streaming Market Forecast by Value (2020-2025)
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Accelerating Number of Paid Streaming Subscribers
Table 49: Number of Paid Streaming Subscribers Worldwide (2016-2020)
5.1.2 Rising Adoption of Smartphones
Table 50: Number of Smartphone Users Worldwide (2016-2021)
5.1.3 Expanding Music Consumption
Table 51: Total Audio Consumption (Albums) in the U.S. (2019-2020)
5.1.4 Growing Popularity of Digital Music Streaming Platforms
Table 52: Spotify Monthly Active Users (2018- Q2 2020)
5.1.5 Growing Integration with Social Media Platforms
Table 53: Global Downloads of TikTok (2017-Q1 2020)
5.2 Key Trends and Developments
5.2.1 Improved Mobile Networks (4G and 5G Technology)
Table 54: Share of Mobile Connections by Technology in North America (2018-2025)
5.2.2 Mounting Penetration of Internet
Table 55: Number of Internet Users Worldwide (2016-2021)
5.2.3 Advancements in Technology
5.3 Challenges
5.3.1 Declining ARPU of Digital Music Platforms
Table 56: Spotify - ARPU for Premium Subscribers (2016-2020)
5.3.2 Availability of Pirated Channels
5.3.3 Privacy Issues
6. Competitive Landscape
6.1 Global Market
6.1.1 Revenue Comparison of Key Players
Table 57: Revenue Comparison of Key Players (2020)
6.1.2 Market Capitalization Comparison of Key Players
Table 58: Market Capitalization Comparison of Key Players (2021)
6.1.3 R&D Comparison of Key Players
Table 59: R&D Comparison of Key Players (2020)
6.1.4 Global Recorded Music Market Share by Key Players
Table 60: Global Recorded Music Market Share by Key Players (2020)
6.1.5 Global Music Streaming Market Share by Key Players
Table 61: Global Music Streaming Market Share by Key Players (2020)
7. Company Profiles
7.1 Sony Group Corporation (Sony Music Entertainment)
7.1.1 Business Overview
7.1.2 Financial Overview
Table 62: Sony Group Corporation Sales & Operating Revenue and Net Income (2016-2020)
Table 63: Sony Group Corporation Sales & Operating Revenue by Segment (2020)
Table 64: Sony Group Corporation Sales & Operating Revenue by Region (2020)
7.1.3 Business Strategies
7.2 Bertelsmann SE & Co. KGaA (BMG Rights Management)
7.2.1 Business Overview
7.2.2 Financial Overview
Table 65: Bertelsmann SE & Co. KGaA Revenue and Profit (2016-2020)
Table 66: Bertelsmann SE & Co. KGaA Revenue by Segment (2020)
Table 67: Bertelsmann SE & Co. KGaA Revenue by Region (2020)
7.2.3 Business Strategies
7.3 Vivendi SE (Universal Music Group)
7.3.1 Business Overview
7.3.2 Financial Overview
Table 68: Vivendi SE Revenue and Earnings (2016-2020)
Table 69: Vivendi SE Revenue by Segment (2020)
Table 70: Vivendi SE Revenue by Region (2020)
7.3.3 Business Strategies
7.4 Spotify Technology S.A.
7.4.1 Business Overview
7.4.2 Financial Overview
Table 71: Spotify Technology S.A. Revenue and Net Loss (2016-2020)
Table 72: Spotify Technology S.A. Revenue by Segment (2020)
Table 73: Spotify Technology S.A. Revenue by Region (2020)
7.4.3 Business Strategies
7.5 Warner Music Group Corp.
7.5.1 Business Overview
7.5.2 Financial Overview
Table 74: Warner Music Group Corp. Revenue and Net Income (Loss) (2016-2020)
Table 75: Warner Music Group Corp. Revenue by Segment (2020)
Table 76: Warner Music Group Corp. Revenue by Region (2020)
7.5.3 Business Strategies
7.6 Kobalt Music Group, Ltd.
7.6.1 Business Overview
7.6.2 Business Strategies

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