LONDON--(BUSINESS WIRE)--Technavio has been monitoring the recorded music market and it is poised to grow by USD 10.56 billion during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Beggars Group, Bertelsmann SE & Co. KGaA, DAIICHIKOSHO CO. LTD., Kodansha Advanced Media LLC, Master Music Ltd., Naxos Digital Services Ltd., PSI Capital Inc., Sony Corp., Vivendi SA, and Warner Music Group Corp. are some of the major market participants. The technological advances will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Technological advances have been instrumental in driving the growth of the market.
Recorded Music Market 2020-2024: Segmentation
Recorded Music Market is segmented as below:
- North America
- South America
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Recorded Music Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our recorded music market report covers the following areas:
- Recorded Music Market Size
- Recorded Music Market Trends
- Recorded Music Market Industry Analysis
This study identifies preference for on-demand music services as one of the prime reasons driving the recorded music market growth during the next few years.
Recorded Music Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the recorded music market, including some of the vendors such as Beggars Group, Bertelsmann SE & Co. KGaA, DAIICHIKOSHO CO. LTD., Kodansha Advanced Media LLC, Master Music Ltd., Naxos Digital Services Ltd., PSI Capital Inc., Sony Corp., Vivendi SA, and Warner Music Group Corp. Backed with competitive intelligence and benchmarking, our research reports on the recorded music market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Recorded Music Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist recorded music market growth during the next five years
- Estimation of the recorded music market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the recorded music market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of recorded music market vendors
Table Of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces analysis 2019 & 2024
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Digital - Market size and forecast 2019-2024
- Physical - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Type
- Customer landscape
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Beggars Group
- Bertelsmann SE & Co. KGaA
- DAIICHIKOSHO CO. LTD.
- Kodansha Advanced Media LLC
- Master Music Ltd.
- Naxos Digital Services Ltd.
- PSI Capital Inc.
- Sony Corp.
- Vivendi SA
- Warner Music Group Corp.
- Scope of the report
- Market definition
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.