These companies are continuously investing in making strategic partnerships and product developments to gain more market share. Share. We also use third-party cookies that help us analyze and understand how you use this website. Market Size & Industry Statistics. Additonally, the recording companies are extensively investing on music artists, with that the record labels has been the largest investors in the music ecosystem. According to the International Federation of the Phonographic Industry’ s (IFPI) Global Music Report 2019, global music sales … Tags: 2019 review Market data. Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses. Barring a major surprise, 2019 will have been the fifth straight year of growth for the global recorded music industry. With this IBISWorld Industry Research Report on , you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions. The music market in the United States in 2018 has been driven by the increase in the revenue of recorded music due to an increasing number of paid subscriptions. According to the report by the music association in the country - RIAA, this number has exceeded the 60 million figure by the second quarter of 2019. There were differences in trends between Q1 and Q2 of 2020, as retail store closures, tour cancellations, and other impacts of Covid-19 affected the music industry in many significant ways. Just 39% of 16-19-year olds listen to music radio, while 56% use YouTube instead for music. Music streaming, as of 2015, is at about 3.66B. The total U.S. industry market size for Musical Instrument Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. ... ^ Podcast Statistics (2020) 512 shares. Our reports include 15+ pages of data, analysis and charts, including: Inform your decisions for marketing, strategy and planning. There were differences in trends between Q1 and Q2 of 2020, as retail store closures, tour cancellations, and other impacts of Covid-19 affected the music industry in many significant ways. By continuing to use this website you agree to the use of these technologies. For more in-depth analysis of 2019 data and trends, please see our “2019 RIAA Shipment & Revenue Statistics. Frances Moore, chief executive of IFPI, said: “The Global Music Report we issued today covers results for 2019 and reflects the successful work and investment of music creators – from record companies to artists and beyond. Meaningful music streaming statistics have shown that music streaming is the force behind the rapidly growing music industry. Some of the recent developments by the companies are listed below. The total U.S. industry market size for Music Publishers: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. Market Size & Industry Statistics. Jenny Chang is a senior writer specializing in SaaS and B2B software solutions. It also tracks piracy trends across various media categories and analyzes the most interesting of them. Includes the necessary information to perform SWOT, PEST and STEER analysis. Tags: 2019 review Market data. Customer Support. In the Top 225 report, we provide sales volume and statistics for the world's top manufacturers and distributors of musical instruments and audio products. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. According to YouTube, the song has gained 6.39 billion views as of August 2019, followed by Ed Sheeran's Shape of you at 4.35 billion views. In my day, new musicians would sell mixtapes at swap meets or local clubs. To understand key trends, Download Sample Report. Reports and experts state that the Music Industry trends for the next decades show a panorama shaped by streaming and Artificial Intelligence. Global Music Production and Distribution industry trends (2015-2020) Global Music Production and Distribution industry outlook (2020-2025) poll Average industry growth 2015-2020 : x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. Over the years, the market has adapted well to the many changes. Along with the rapidly growing internet penetration across the globe, the digital trend has also gracefully adopted by the music industry. > Music Industry 2020 - Australia Market Research & Statistics; Music Industry 2020 - Australia Market Research & Statistics. Each year new platforms and mediums skyrocket to prominence, minting household names and reshaping the way audiences connect with artists (see: Tik Tok and Lil Nas X).Simultaneously, new technologies put creative tools into the hands of people who previously couldn’t access them. The live music event with the highest live viewership was 2019 Coachella at about 82.9 million live views. The scope of the study for the music market landscape has considered the revenue generation by all the formats in the music industry across the world by the recording companies, publication companies and streaming platforms. A new report by paints a gloomy picture for the music industry, ... of concerts and festivals will also cause live music revenues to fall by 85% in 2020. Monitor the impact on your business. Industry Data. The music industry has reached at a global in a way it was never before. Share - Music by Numbers : The Use and Abuse of Statistics in the Music Industry (2020, Hardcover) Music by Numbers : The Use and Abuse of Statistics in the Music Industry (2020, Hardcover) Be the first to write a review. Global Background Music Market Report 2020 - Industry Analysis Size Share Trends Segment and Forecasts to 2025 (Based on 2020 COVID-19 Analysis) Published: Aug-2020 | Format: PDF | Maia Research | Number of pages: 125 | Code: MRS - 759522. DATA . Try our corporate solution for free! Latin music continued to grow its share of overall U.S. music revenues to 5.2%. 1. 73 Music Industry Statistics: 2019/2020 Facts, Sales & Analysis. The numbers for 2018 show that the industry is continuing on the growth path that started in … After the song Despacito by the Latin American artist Luis Fonsi - Despacito gained the highest views on Youtube, it gave the music market in the region a boost of growth and investments. The global music market is expected to witness a CAGR of 8.5% in the forecast period (2020-2025). Sorry to be the bearer of bad tidings but the global music industry will decline in 2020. The creation and distribution of music happens in separate places. Particularly, interactive streaming via services like Spotify, Apple Music, YouTube, and Amazon Music is spearheading industry growth. 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. Additionally, the companies in the region are setting examples by achieving continuous growth in the revenue. That’s a whole 30 seconds less than the year before. Variety, 2020) Video streaming rose 72.4% between Q1 2018 and Q1 2019. Purchase this report or a membership to unlock the average company profit margin for this industry. The music market is significantly growing in the Asia-Pacific and Latin America region, as the artists are actively seizing the opportunities to break out to the global audience. Frances Moore, chief executive of IFPI, said: “The Global Music Report we issued today covers results for 2019 and reflects the successful work and investment of music creators – from record companies to artists and beyond. Barring a major surprise, 2019 will have been the fifth straight year of growth for the global recorded music industry. (Tech Jury, 2020) The live streaming industry is expected to be valued at 184.27 billion USD by 2027. Industries. Global Music App Market Report 2020 - Industry Analysis Size Share Trends Segment and Forecasts to 2025 (Based on 2020 COVID-19 Analysis) In 2019, the average track length of the Top 40 was three minutes and seven seconds. Market Size & Industry Statistics. Search industry reports, statistics & slideshows. The music industry comprises of a variety of firms, companies and independents. While 2020 probably won't see Black Mirror levels of VR, make no mistake, it will continue to become a part of the industry. Report Details; Table Of Content; Inquiry For Buying; Request Sample ; The Background Music market is expected to grow from USD X.X million in 2020 … The music industry has experienced a resurgence in the last years, and streaming has something to say about. Led by Dr. Stacy L. Smith, the "Inclusion in the Recording Studio" report marks the Initiative’s second annual investigation into the music industry. Each year new platforms and mediums skyrocket to prominence, minting household names and reshaping the way audiences connect with artists (see: Tik Tok and Lil Nas X).Simultaneously, new technologies put creative tools into the hands of people who previously couldn’t access them. Share. . The UK music industry contributed £5.2 billion to the UK economy in 2018. Global growth by region. 512 shares. LEARN MORE, IBISWorld is used by thousands of small businesses and start-ups to kick-start business plans, Spend time growing your business rather than digging around for industry ratios and financial projections, Apply for a bank loan with the confidence you know your industry inside and out, Use IBISWorld’s industry ratios and benchmarks to create realistic financial projections you can stand behind. The total U.S. industry market size for Music Publishers: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. 2020 | Sales & Revenue. Streaming music grew to 85% of the market by value, compared with 80% the prior year. (Billboard) On the other hand, music industry statistics for 2020 w eren’t so promising for Asia. To understand geography trends, Download Sample Report. The music streaming market in MEA is expected to grow from US$ 1536.4 million in 2019 to US$ 3228.5 million by 2027; it is estimated to grow at a CAGR of 9.5% … Most music fans are now using subscription-based streaming services such as Spotify, Pandora, and Apple Music, but video services like YouTube are also massive sources for music fans. Also, the report has covered the trends in the industry like the top 10 artists and streaming platforms. By Jenny Chang. Music Industry stats cover areas related to the overall music landscape and includes digital music stats, listening habits, demographic data of music listeners, hardware / equipment data, industry revenue data, and other trends and stats related to music. The Music Market Landscape is segmented by Revenue Generation Format (Streaming, Digital (except streaming), Physical Products, Performance Rights, Synchronization Revenues) and Geography. With each passing day, and the acquisition it makes to both diversify & expand, the Swedish company … Analysis: the music industry enters 2020 on a wave of growth – and optimism. Market Size & Industry Statistics. 2019 foreshadowed major shifts in music consumption habits and music production that will only intensify in the years to come. The U.S. live music industry is expected to grow to 11.06 billion by 2019, up from 9.06 in 2014. September 2019 - Symphonic Distribution, a music recording company launched its new in-house label called sleev3s. Music streaming statistics. Click here. by Arthur Zuckerman May 24, 2020. written by Arthur Zuckerman May 24, 2020. Share 274 Tweet 213 Share 25. IBISWorld reports on thousands of industries around the world. Biggest companies in the Global Music Production and Distribution industry, Administration & Business Support Services, Professional, Scientific & Technical Services, Specialist Engineering, Infrastructure & Constractors, Market Size Statistics for Global Music Production and Distribution. The music industry, by its definition, is a group consisting of various companies, producers, and artists that aim to create and sell new kinds of music… The online platforms and social media like Youtube, has provided the upcomming artists opportunities to showcase and present their work to the world. The revenue from recorded music in Nigerian has been projected to generate $50 million (about N18 billion naira) by 2020. Brand new: Lowest price. The global recorded music industry’s streaming revenue has grown steadily from $1 billion in 2012 to $8.9 billion in 2018. Media and Entertainment; Music; Publication dates. Although we are now nearing the post-lockdown era in many countries across the globe, we are only just at the start of the recession phase that is coming next. The total export revenue of the music industry was £2.7 billion and employment in the industry hit 190,935. The number of jobs sustained by music tourism was 45,530 last year, a record high, with overall employment in the music industry also at an all-time high of 190,935. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. 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. 213. Streaming music grew to 85% of the market by value, compared with 80% the prior year. Industry Data. Historical data and analysis for the key drivers of this industry, A five-year forecast of the market and noted trends, Detailed research and segmentation for the main products and markets, An assessment of the competitive landscape and market shares for major companies. The major concern in the music industry is profits gained from companies that partake in tasks like publication, distribution and production of music around the world. Streaming industry every year agree to the many changes seconds less than the year before version of the has! You navigate through the website a membership to unlock the average company margin!, offers a comprehensive Study on the other hand, music production will! Consequences to society and how much money does it make in 2019 after being flat in alone! Trend has also gracefully adopted by the companies in the next decades show a panorama shaped by streaming Artificial! 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