Press Release Global Music Editing Software Market Size 2021: Analysis By Emerging Trends, Industry Share, Top Impacting Factors, Key Manufactures, Applications and Forecasts Up To 2026 with Top . WATCH VIDEO > EXPLORE THE REPORT > Terms & Conditions. A testament to this is the amount of revenue the industry makes from streaming. Looking back: How Spotify has changed the global music ... PUNE, India, Dec. 23, 2021 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Global Music Streaming Subscription Service Market By Product Types . 10. 2021 is considered as the base year . According to IFPI's Global Music Report 2021, although revenue from digital music in Hong Kong increased in 2020, the total revenue of recorded music still decreased by 5 per cent (US$3.1 million). Global Music Streaming Subscription Service Market ... IFPI Global Report 2021: Music Revenues Rise to $21.6B ... Digital Music Industry Statistics, Worth, Top Companies ... Revenues increased by 15.9% in 2020, which elevated the region's share of the global recorded music market to 3.6%, up from 3.3% in 2019. Then came Covid-19, the industrial equivalent of a comet hurtling in from deep space. What you will find in this report: • Detailed analysis of COVID-19 impact across the value chain • Global music market forecasts (Streaming, Recorded, Publishing, Live) 2020-30 Global Music Report 2021 | IFPI in 2020 and the total revenue is expected to grow at 5.92 % through 2021 to 2027, reaching nearly US$ 8.91 Bn. In a way, Spotify has saved the global music industry by establishing stability in the market. Global Music Report 2021. Our report highlights some important lessons. Global music industry growth 2020 | Statista Global Music Market Landscape, Growth, Trends, and ... In 2020, recorded music revenues in Africa and the Middle East region grew by 8.4 . As such, box-office revenue is set to recover at a 37.3% CAGR over the forecast period. In 2020, global music revenue generated by digital music and downloads fell to 1.2 billion U.S. dollars. Global Business Music Software Market Size, Status And ... The report also shows the growth potential of the sector S t a t i s t a presents data on the growth of the global music revenue between 2016 and 2021, broken down by category. Digital music industry revenues keep climbing at a global scale: While 2021 has been a fantastic year for digital music consumption as more and more listeners subscribed to streaming services and downloaded music from online stores, we believe that this trend is going to accelerate in 2022. What has changed for good? Streaming growth driven by independents (labels and artists) Streaming revenues reached $14.2 billion, up 19.6% from 2019, adding $2.3 billion, up from the $2.2 billion added in . Music streaming has its roots in the peer-to-peer file sharing industry. Table 1. Global "Music Microphone Market Global Music Microphone Market Size 2021: Top Countries Segmented By Size, Share, Revenue, Applications and Geography Trends, Industry Trends Under COVID-19 . In March 2021, a year on from the start of the pandemic, nearly a quarter (23%) of all US cinemas were still closed. By 2025, it will be US$10.4bn - down -2.6% on 2019's total. 8-tracks took a short-lived run at the dominance of vinyl, cassettes faded away as compact discs took the world by storm, and through it all, the music industry saw its revenue continue to climb. Streaming Encompassing a wide range of services, streaming music revenues grew 13.4% to $10.1 billion in 2020. That's according to IFPI, the organization that represents the recorded music industry worldwide, which published its annual Global Music Report today (March 23) revealing that global recorded music revenues reached $21.6 billion in 2020.. Growth was driven by streaming, especially by paid subscription streaming revenues, which increased by 18.5%. 23.3.2021. Who has benefitted from lockdowns? The music industry is accustomed to constant change. Music industry revenue grew 7.2% in 2019 after being flat in 2018. As of 2020, the revenue of digital streaming in the Dutch music industry amounted roughly 185.6 million euro. Music Industry Report that can enable and help you simplify and make decisions, business planning, project planning, analyze constraints and drivers to provide insight into the global Music Industry market forecast. Global recorded music revenues grow 7.4%. These 38 pages cover all the biggest trends to date in music consumption for the six-month period from Jan. 1, 2021, through July 1, 2021 (as compared to Jan. 3, 2020, through July 2, 2020). . ET Apple's iTunes store and iPod launched in 2001 and the . But advertising on TME's music platforms — QQ Music, KuGou Music and . Table 2. The growth of the global recorded music market will . Press Release Global Music Recording Market 2021 Key Aspects of the Industry by Segments to 2027 Published: Nov. 22, 2021 at 7:57 p.m. The growth rate was significantly below the 11% increases seen in both 2018 and 2019, and . If the global recorded music industry achieved a similar jump in revenues across the whole of 2021 (+18.9%), it would mean that the IFPI's annual global figure for this year would land in the region of $25.7 billion. Yearly revenue of music industry India FY 2020-2022. Global live music industry revenue 2014-2025. Covid-19 affected the industry significantly through tour cancellations, retail store closures, and other disruptions. 40 Years of Music Industry Sales. SINGLE CHART 2020. In 2020 it rose to 83%. Global Music Streaming Market By Content Type, By Platform, By Service Type, By End User By Region, Industry Analysis and Forecast, 2020 - 2026 : December 2020 $ 3600 Stock Music Market - Global Outlook and Forecast 2021-2026 : March 2021 $ 3750 Middle East and Africa Music Streaming Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Content Type, Streaming Type, and End User Global royalties collections for music creators dropped 10.7% during 2020 due to the pandemic, declining by nearly €1 billion (approximately $1.16 billion) to a pre-2017 level of €8.12 billion . IFPI GLOBAL MUSIC REPORT 2021 IFPI GLOBAL MUSIC REPORT 2021 7. German music industry revenues grew 12.4 percent year over year during 2021's opening half, to $1.06 billion (€903.8 million), with digital's share accounting for nearly 80 percent of the . It looks at where the industry revenue was at internationally in 2019 and 2018, a view which is critically important given the devastating impact of the Covid pandemic of 2020 (and 2021). The figure is expected to consistently increase each year and surpass 65 billion U.S. dollars in 2023. Global recorded music revenues grew by 7.4% to $21.6bn in 2020, according to industry body the IFPI, which has published its annual Global Music Report today.. That's a deceleration compared to 2019, when the market grew by 8.2%, but with 2020 being the year of Covid-19, labels will see the latest figures as a success nonetheless. WELCOME TO THE GLOBAL MUSIC REPORT 2021. The global concert industry's revenues in 2022 will be $29.3bn - over $300m higher than in 2019. What exactly has been destroyed? Music Industry Market Report 2021 is an expert research study on regional market states, emphasizing global regions. ALL-FORMAT CHART 2020 ARTIST & TRACK NAME: . Global recorded music revenues grew 7% in 2020 to reach $23.1 billion in record label trade revenue terms. Napster, Limewire and BitTorrent were at the forefront of changing the way people thought about music, and while they only lasted a few years before being taken down for unauthorised use of copyright material, it moved the industry towards new forms of accessibility. 3 Global Music industry Market, by Type 3.1 Global Music industry Revenue and Market Share by Type (2016-2021) 3.2 Global Music industry Production and Market Share by Type (2016-2021) 3.3 Global Music industry Revenue and Growth Rate by Type (2016-2021) 3.4 Global Music industry Price Analysis by Type (2016-2021) Music streaming revenue worldwide is project to almost double from $3.3 billion US in 2015 to $6.22 billion US in 2020. But advertising on TME's music platforms — QQ Music, KuGou Music and . Revenues from streaming formats grew by 19.9% to $13.4 billion and accounted for 62.1% of global recorded music revenue, a jump in share of 6.5% over 2019. GLOBAL TOP 10 DIGITAL . The total revenue of the recorded music industry was worth around $21.5 billion in 2019. According to a study from 2021, the total digital music revenue has steadily increased over the years and will continue to do so, reaching over 29 . Revenue climbed 31% to 2.89 billion RMB ($448 million) as Tencent Music added 19.5 million subscribers, a 37.7% increase. Paradoxically, without careful adjustments for accruals, market shares in jurisdictions, and disaggregation of price and volume changes, the . Overall physical sales fell by 4.7% to . Global music industry revenue growth 2020, by region. Playback of this video is not currently available. The report provides the current market size for the Global Music Publishing Market, defines trends, and presents growth forecasts for 9 years from 2022 to 2029. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027. Music streaming specifically is worth $20.4bn in 2020, with a predicted compound annual growth rate (CAGR) of 11.32% up to and including 2024. Global music revenue 2019-2025, by category. The forecast for the following year indicated a significant dip which may be attributed to the prolonged effects of the COVID-19 pandemic in the country. Revenue climbed 31% to 2.89 billion RMB ($448 million) as Tencent Music added 19.5 million subscribers, a 37.7% increase. Global revenue was down 3% in Q2 2020 compared to one year earlier, but up to 15% growth in Q4 2020, suggesting a strong 2021 may lie ahead if that momentum continues. The reported global digital music revenue in 2018 to $2.3 billion. Music streaming specifically is worth $20.4bn in 2020, with a predicted compound annual growth rate (CAGR) of 11.32% up to and including 2024. Revenues from recorded music measured at wholesale value grew 8.9% to $8.0 billion. Published by Statista Research Department , Dec 7, 2021. The data includes digital and physical recorded music as well as live music. The record industry has seen a lot of change over the years. GLOBAL RECORDED MUSIC INDUSTRY REVENUES 2001-2020 (US$ BILLIONS) . Published by Statista Research Department , Jun 7, 2021. Read IFPI's State of the Industry here. In 2021 it is expected to grow a further 16.7% and reach $23.05B. 3.1 Global Top Music Industry Business Software Players by Revenue 3.1.1 Global Top Music Industry Business Software Players by Revenue (2016-2021) 3.1.2 Global Music Industry Business Software Revenue Market Share by Players (2016-2021) 3.2 Global Music Industry Business Software Market Share by Company Type (Tier 1, Tier 2 and Tier 3) Music Streaming Market Size (sales, revenue) forecast by regions and countries from 2021 to 2026 of Music Streaming industry. Music Publishing Market size was valued at US$ 5.96 Bn. In 2019, global music industry revenues are expected to reach around 26 billion U.S. dollars in total, increasing by more than five billion dollars in . The global Music and Video market size is projected to reach US$ XX million by 2027, from US$ XX million in 2020, at a CAGR of XX% during 2021-2027. (Statista) These global music industry revenue stats speak of a constant and steady growth trajectory since 2014 when the industry totaled at only around $14.2 billion. And in just a few years, streaming has now become an integral part of the industry. Global Music Show Market Size Growth Rate by Type (US$ Million):2016 VS 2021 VS 2027. Universal and Sony 's recorded music operations both saw annual growth in 2020, with Warner 's equivalent number staying flat on 2019. "Global revenue was down 3% in Q2 2020 compared to one year earlier, but up to 15% growth in Q4 2020, suggesting a strong 2021 may lie ahead if that momentum continues," suggested Midia boss Mark Mulligan. The global recorded music market grew by 7.4% in 2020, the sixth consecutive year of growth, according to IFPI, the organisation that represents the recorded music industry worldwide. In financial year 2020, the revenue earned by the music industry as a whole in India amounted to 260 million U.S. dollars. Table 2. ×. According to IFPI's latest Global Music Report, worldwide recorded music revenues totaled $21.6 billion last year, up 7.4 percent from the . The industry's revenue in Q4 2020 expanded 15% YoY, suggesting "a strong 2021 may lie ahead" if the momentum continues, according to MIDiA. Published by Statista Research Department , Nov 16, 2021. (In 2019 there were… IFPI GLOBAL MUSIC REPORT 2021. 8-tracks took a short-lived run at the dominance of vinyl, cassettes faded away as compact discs took the world by storm, and through it all, the music industry saw its revenue continue to climb. What a year 2020 was. Growth was driven by streaming, especially by paid . The record industry has seen a lot of change over the years. A study exploring the global music industry found that worldwide live music revenues will . It's the sixth consecutive year of growth, and the highest . Statista data saw music streaming users rise from 425.6 million in 2019 to 626.2 million in 2021, with 900 million within the next four years. The International Federation of the Phonographic Industry (IFPI) has revealed that worldwide recorded music revenue grew by 7.4 percent year over year in 2020, with streaming having accounted for . Karol G photographed on July 19, 2021 at 107 Compound in Miami. The global music market is expected to witness a CAGR of 8.5% in the forecast period (2021 - 2026). The US & Canada region grew 7.4% in 2020, a slower rate of growth than the prior year (11.6%). Music Headphone Market Growth Analysis 2021, Industry Size-Share, Regional Outlook, Top Manufacturers, Business Revenues, Product Scope, Impact of Covid-19 and Forecast to 2026 Tuesday, November . Posted on Oct 17 2021 7:08 AM" ""Music Streaming Service Market" 2021 exploration report is a specific and inside and out investigation of the Music Streaming Service business that talks about new industry information incorporate sort portion, industry fragment, channel section alongside their market size, both volume, and worth. There were 100 million new music subscribers in 2020, taking the total to 467 million. The global music community has never been more connected, and fans and artists alike are seizing the opportunities of this new era to enjoy and share the music they love. In 2010 Spotify only had a grasp over the 7% of the U.S. music industry. With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Music and Video market to help players . The emergence of music streaming disrupted the relatively straightforward business model of the music industry then. DUBLIN--(BUSINESS WIRE)--The "Music Market Landscape - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.The global music . Revenue from our smart music learning solutions business increased by 8.38 times to 27.5 million from 2.9 million in the prior-year period, mainly due to a robust growth in both the enrollment of . Get in Touch. In 2018, preliminary estimates suggested that the total revenue of the global music industry amounted to 53.77 billion U.S. dollars, up from just under 51 billion a year earlier. The music industry has reached at a global in a way it was never before. 40 Years of Music Industry Sales. promotion. 2020 was a big year for the industry as it experienced nearly 30% growth as a direct result of the COVID-19 pandemic. IFPI GLOBAL MUSIC REPORT 2021. Asia posted growth of 9.5% in 2020, a strong increase on the year prior (3.9%). Recorded music isn't the only sector to have done well out of lockdown. Global Music Market 2018 in Numbers +32.9% Growth in paid streaming revenues +9.7% Global revenue growth 46.9% Streaming share of global revenues +34.0% Growth in overall streaming revenues -10.1% Physical revenue decline-21.2% Download revenue decline 6 GB MSIC MET I MBES IFPI GLOBAL MUSIC REPORT 2019 STATE OF THE INDUSTRY Table 1. The breakdown sees an estimate of 19.6% growth in streaming revenues to $14.2bn, accounting for 61% of the total. Global and China Music Wire Market Report & Forecast 2021-2027 : The increasing use of Music Wire in Springs, Musical Instruments, Fishing Lures, Movie Industry and other industries is driving the . Heather Hazzan. First, we show that in the era of global music sales platforms it is impossible to understand the economics of music streaming without international data harmonization and advanced surveying and sampling. A study on the global music industry has shown that the worldwide live music industry will manage to generate total revenue of $31.49 billion by 2023. The source projected that digital download revenue would decrease by 19.2% annually in the presented period. This category With one click you agree that we can store cookies on your device. MBW's Stat Of The Week: The global record industry added $1.5 billion to its annual revenues in 2020 versus 2019 - and the industry's total streaming revenue actually grew faster than it did in 2019. In 2021, the global Music Production Equipment market size was USD million and it is expected to reach USD million by the end of 2027, with a magnificent compound annual growth rate between 2022 . With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Business Music Software market . Published by Statista Research Department , Sep 17, 2021. Very close to each other, vinyl and CDs had both around 17 millions euros of annual revenue in 2020. The music industry's growing obsession with declining ARPU will continue to colour the outlook for the global streaming market in revenue terms, but the positive driver of this equation is the rapid growth of music subscribers. As per RIAA, the company's revenue grew tremendously for 5 consecutive years, achieving $12.3 billion. And, asks Gareth Murphy, now that vaccines are . Press release - 17 February 2021 07:28 Digital Music Industry Statistics, Worth, Top Companies, Future (2021-2027) On the other hand, music industry statistics weren't so promising for Asia. Recorded music isn't the only sector to have done well out of lockdown. When it began, the outlook for the music industry hadn't looked so good in decades. Fueled by streaming, Spain saw revenues of recorded music grow by a modest 4.4% in 2020, far less than the growth . This statistic shows the annual revenue of the music industry in Spain from 2015 to 2020 and an outlook on estimated revenue from 2021 to 2024. global market revenue and percentage share of the independent music publishing industry. This website uses cookies. . Last year, when COVID-19 first emerged, revenues from recorded music grew by almost 7.5% to $21.6b. Ambition endures and the entertainment industries demand progress, as was emphasised by figures released by the International Federation of the Phonographic Industry (IFPI) in their 2021 Global Music Report. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027. Music industry annual revenue in the Netherlands 2014-2020, by category. GLOBAL TOP 10 ALBUM. It was estimated that earnings between 2021 and 2024 will increase by 255 million euros. Music Visualizer Market 2021 Global Industry Market research report provides key analysis on the market status of the Music Visualizer manufacturers with market size, growth, share, trends as. Global Music Show Market Size Growth Rate by Type (US$ Million):2016 VS 2021 VS 2027. Global Music Market 2018 in Numbers +32.9% Growth in paid streaming revenues +9.7% Global revenue growth 46.9% Streaming share of global revenues +34.0% Growth in overall streaming revenues -10.1% Physical revenue decline-21.2% Download revenue decline 6 GB MSIC MET I MBES IFPI GLOBAL MUSIC REPORT 2019 STATE OF THE INDUSTRY The global recorded music market grew by 7.4% in 2020, the sixth consecutive year of growth, according to IFPI, the organisation that represents the recorded music industry worldwide. Accept Reject . In 2021 the music streaming industry is projected to pass the $20B revenue mark globally for the first time. Figures released today in IFPI's Global . We expect a strong rebound in 2021 and forecast music industry revenue to grow at c.6% CAGR 2019-2030 to reach US$142 bn by 2030, a near doubling in value. 2020 was another good year for the music industry. As we emerge into 2021, it's time for some damage assessment. way music sales were measured and forever changed how artists were promoted, discovered and playlisted (first at radio, and eventually streaming services). The global Business Music Software market size is projected to reach US$ XX million by 2027, from US$ XX million in 2020, at a CAGR of XX% during 2021-2027. The global concert industry's revenues in 2022 will be $29.3bn - over $300m higher than in 2019. Figures released today in IFPI's Global Music Report show total revenues for 2020 were US$21.6 billion. Global recorded music revenues reached 21.6 billion U.S. dollars, but the share of that figure attributed to non-streaming digital revenue has been waning since 2012. Global music revenue 2012-2021, by source. The global Music Streaming market Growth is anticipated to rise at a . , Dec 7, 2021 a way it was never before by 7.5. 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