The Business Research Company’s Music Recording global market report, covers the year-on-year growth of the global Music Recording market historic and forecast growth. It also includes chapters on the Music Recording market trends, geographical analysis, and competitive landscape.
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The global music recording industry size is expected to reach $65 billion by 2022, significantly growing at a CAGR of around 4.5% during the forecast period.
Music Recording Market Trends
The music recording industry 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.
Wearable technology such as gloves and jackets are being used by artists during live performances. Wearable technologies are accessories such as clothing, headgear and gloves etc. These devices are self-equipped to connect with machines without human intervention. Devices such as Sound Brenner Pulse help performers stick to a rhythm. This is also equipped with exercises to enhance artists’ rhythm, speed, accuracy and endurance. Other technology variants such as Drumpants, MI.MU are also widely used in the music recording industry.
The global Music Recording market is primarily driven by rise in disposable income, increasing investments in entertainment industry and rapid globalization.
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The global Music Recording market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increase in internet and mobile penetration, the global Music Recording market is expected to increase in potential and scope. TBRC’s report also covers the Music Recording drivers and restraints in the market.
The global Music Recording market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global Music Recording market report are Universal Music Group, Sony Music, Warner Music.
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