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To understand geography trends, Download Sample Report. By continuing to use this website you agree to the use of these technologies. 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. Brand new: Lowest price. The music industry comprises of a variety of firms, companies and independents. Market Size & Industry Statistics. At wholesale value, revenues grew 5.1% to $3.7 billion. The Music Market Landscape is segmented by Revenue Generation Format (Streaming, Digital (except streaming), Physical Products, Performance Rights, Synchronization Revenues) and Geography. Talk to Sam +1 718 303 2384. what we consider to be the most likely case) we forecast a 30% decline on 2019 revenues with the following sector-level changes: Recorded music (retail values) +2.5%; Publishing -3.6% 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. IBISWorld reports on thousands of industries around the world. For instance, Universal Music Group (UMG) based from New York is backed by Vivendi recently announced that UMG's revenue in first nine months of 2018 grew by 19.5% to USD 5.63 billion due to significant growth in subscriptions and streaming revenues and also by 14.9% increase in its physical product sales. The companies in the music businesses are extensively making strategic partnerships with the music recording player advanced online music streaming services. 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. Search industry reports, statistics & slideshows. Music Market Landscape - Growth, Trends, Forecast (2020 - 2025). 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. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. In our mid case (i.e. Streaming The music industry has changed quite a bit over the last couple of decades, all thanks to new technology. Streaming music grew to 85% of the market by value, compared with 80% the prior year. The Music Distribution Services market research report Added by Market Study Report, LLC, offers a comprehensive study on the current industry trends. 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% … Artists are scratching their heads wondering how the music industry, music production, and songwriting will change in the next year. > Music Industry 2020 - Australia Market Research & Statistics; Music Industry 2020 - Australia Market Research & Statistics. October 2019 -  AMPED, the indie distribution division of Alliance Entertainment has announced to enter into an agreement to provide physical music distribution service foe veteran punk rock label Epitaph Records and its sister music recording company Anti-. Monitor the impact on your business. Every year it feels like the gaming industry sees the same stories—record sales, unfathomable market reach, and questions of how much higher the market can go. 1. ... the Office for National Statistics. Analysis: the music industry enters 2020 on a wave of growth – and optimism. Share 274 Tweet 213 Share 25. Ariana Grande. Industry Data. The global music market is expected to witness a CAGR of 8.5% in the forecast period (2020-2025). IFPI, the organisation that represents the recorded music industry worldwide, today issued its annual Global Music Report. 50 Years of Gaming History, by Revenue Stream (1970-2020) View a more detailed version of the above by clicking here. The numbers for 2018 show that the industry is continuing on the growth path that started in … (Tech Jury, 2020) The live streaming industry is expected to be valued at 184.27 billion USD by 2027. 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. DATA . Tags: 2019 review Market data. Global growth by region. Brand new: Lowest price. . The revenue from recorded music in Nigerian has been projected to generate $50 million (about N18 billion naira) by 2020. 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. 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. 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. How big is the Music Industry and how much money does it make? Musicians' income loss as a result of cancellations due to COVID-19 in Norway 2020; Global live music industry revenue 2014-2024; Market value of the music industry in Italy H1 2019-H1 2020, by sector Also, the report has covered the trends in the industry like the top 10 artists and streaming platforms. This is the definitive source of revenue data for the recorded music industry in the United States. Additionally, the companies in the region are setting examples by achieving continuous growth in the revenue. 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. Last modified on Wed 1 Jul 2020 12.28 EDT . The revenue from recorded music in Nigerian has been projected to generate $50 million (about N18 billion naira) by 2020. The physical music revenue is continuously declining, and online streaming platforms like Spotify, Apple Music, Youtube Premium, and Tindle have taken traction over the years. Market Size & Industry Statistics. While 2020 probably won't see Black Mirror levels of VR, make no mistake, it will continue to become a part of the industry. It also tracks piracy trends across various media categories and analyzes the most interesting of them. The U.S. live music industry is expected to grow to 11.06 billion by 2019, up from 9.06 in 2014. In the first half of 2020, revenues from Latin music in the U.S. grew 18.6% to $296.1 million at retail value, the fourth consecutive year of double digit percentage growth. The report also offers a detailed abstract of the statistics, market valuation, and revenue forecast, which in addition underlines the status of the competitive spectrum and expansion strategies adopted by major industry players. This streaming platform Powered, will offer the companies a suite of solutions for music and media streaming, download infrastructure, applications, rights management, customer billing, royalty administration, and business intelligence. 2020 RIAA Mid-Year Latin Music Revenue Statistics | RIAA. Tweet. 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 total U.S. industry market size for Sound Recording & Audio Production Studios: 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. Engagement with streaming drives growth of the global music market . The biggest music trends to watch in 2020 According to the press release by Spotify, their paid subscribers worldwide have reached 108 million by the second quarter of 2019, with a growth of over 8% from the previous one. 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. 25. Global growth by region. Barring a major surprise, 2019 will have been the fifth straight year of growth for the global recorded music industry. 512 shares. Share. Report scope can be customized per your requirements. Jenny Chang is a senior writer specializing in SaaS and B2B software solutions. In all cases, the Q2 decimation of live revenue and the subsequent slow clawback in the remainder of 2020 account for the majority of the decline. The online platforms and social media like Youtube, has provided the upcomming artists opportunities to showcase and present their work to the world. Tech Bundling—it’s a thing, and we should be paying attention to it Tech bundling sounds a lot more complex than it is—what it really means is that tech companies are bundling a bunch of in-demand options into one. (Streaming Media, 2019) The online live streaming industry has grown 99% between April 2019 and April 2020. Analysis: the music industry enters 2020 on a wave of growth – and optimism. We also use third-party cookies that help us analyze and understand how you use this website. 2020 American Music Awards (USA) 2020 Pulitzer Prize for Music (USA) ... Impact of the COVID-19 pandemic on the music industry; References This page was last edited on 2 December 2020, at 16:19 (UTC). These companies are continuously investing in making strategic partnerships and product developments to gain more market share. 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. Sales Ranking Of Leading Music Companies Worldwide + Music Data On Top Global Markets The all new 2020 two-part Global Music Industry Sales Report is the only data package of its kind. The live music event with the highest live viewership was 2019 Coachella at about 82.9 million live views. About this product. Tags: 2019 review Market data. The total export revenue of the music industry was £2.7 billion and employment in the industry hit 190,935. Music streaming, as of 2015, is at about 3.66B. According to the International Federation of the Phonographic Industry’ s (IFPI) Global Music Report 2019, global music sales … The music industry is evolving faster than ever. Provides Market Size information to assist with planning and strategic decisions. The definitive source of recorded music market data, launched May 2020 and covering calendar year 2019. IFPI, the organisation that represents the recorded music industry worldwide, today issued its annual Global Music Report. 30+ Video and music streaming statistics [2020 edition] ... Music streaming is now bigger than ever, with billions of dollars going into the music streaming industry every year. 5. That’s a whole 30 seconds less than the year before. T wo organisations that represent thousands of British musicians and songwriters will today launch a Keep Music … Sorry to be the bearer of bad tidings but the global music industry will decline in 2020. The Music Creators sector The site is the second most popular social media platform and visited site after Google. Purchase this report or a membership to unlock the average company profit margin for this industry. 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. The global music market is expected to witness a CAGR of 8.5% in the forecast period (2020-2025). 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. Discover all statistics and data on the U.S. Music Industry on statista.com! Customer Support. Muso is a company that deals with these questions every day. Share. Streaming About this product. 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. Monitor the impact on your business. What is piracy and what are its consequences to society? 4.2.1 Growing Investment by the Record Companies, 4.3 Industry Attractiveness - Porter's Five Force Analysis, 4.3.2 Bargaining Power of Buyers/Consumers, 8. The lowest-priced brand-new, unused, unopened, undamaged item in its original packaging (where packaging is applicable). Music by Numbers : The Use and Abuse of Statistics in the Music Industry (2020, Hardcover) Be the first to write a review. Such competition and investment by the music recording companies are expected to continue in the forecast period resulting in boosting the music market in the country. The UK music industry contributed £5.2 billion to the UK economy in 2018. Latin music continued to grow its share of overall U.S. music revenues to 5.2%. We also predict that the global podcasting market will increase by 30 percent to reach US$1.1 billion in 2020, surpassing the US$1 billion mark for the first time. 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. 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. As it stands, streaming is contributing 75% of the global music industry revenue. In my day, new musicians would sell mixtapes at swap meets or local clubs. 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 music market is moderately consolidated because of the dominance by a few key companies in the market like UMG, Sony Music offering recording services and streaming service providers is estimated to continue to face strong competition in the market. With each passing day, and the acquisition it makes to both diversify & expand, the Swedish company … 274. Music sales grew 7.2% in 2019 after being flat in 2018. 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. See the following list: Visits per country It’s interesting to note that the UK secured a spot among the top 10, despite a range of restrictions on pirate sites and public outcry ag… Get Reports. In its latest report released in 2018, the company found there were over 190 billion visits to pirate sites in 2018 alone. The RIAA provides the most comprehensive data on U.S. recorded music revenues and shipments dating all the way back to 1973. Today, they push the same music, only on websites such as SoundCloud . Particularly, interactive streaming via services like Spotify, Apple Music, YouTube, and Amazon Music is spearheading industry growth. Streaming music grew to 85% of the market by value, compared with 80% the prior year. Click on the map for the growth figures in each region. The music industry is evolving faster than ever. Since March 2020, all music gigs and live tours in Italy have been canceled or postponed due to the impact of the coronavirus (COVID-19) outbreak. Click here. Market Research > Media and Entertainment > Music Market Trends > Music Industry 2020 - China Market Research & Statistics; Music Industry 2020 - China Market Research & Statistics. The music industry has reached at a global in a way it was never before. 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. Reports and experts state that the Music Industry trends for the next decades show a panorama shaped by streaming and Artificial Intelligence. Music streaming statistics. 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. In 2020, Deloitte predicts, the global audiobook market will grow by 25 percent to US$3.5 billion. Songs keep getting shorter. 213. 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. ... ^ Podcast Statistics (2020) 512 shares. Along with the rapidly growing internet penetration across the globe, the digital trend has also gracefully adopted by the music industry. 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. This statistic shows the revenue share of the music industry in Germany in the first half of 2020, by segment. 73 Music Industry Statistics: 2019/2020 Facts, Sales & Analysis. Over the years, the market has adapted well to the many changes. by Arthur Zuckerman May 24, 2020. written by Arthur Zuckerman May 24, 2020. Try our corporate solution for free! As discussed earlier, youtube being the second most visited website across worldwide, music streaming is one of the significant reasons for the same. Market Size & Industry Statistics. 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 … All Rights Reserved to Mordor Intelligence. In 2019, the average track length of the Top 40 was three minutes and seven seconds. September 2019 - Symphonic Distribution, a music recording company launched its new in-house label called sleev3s. Moreover, the streaming music service providers in the country are strategically competing by launching bundle packs. 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 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. Our reports include 15+ pages of data, analysis and charts, including: Inform your decisions for marketing, strategy and planning. The latest music industry news and analysis, including the latest in tech, legal, dealmaking, acquisitions, and broader industry trends. This website uses cookies to improve your user experience while you navigate through the website. To understand key trends, Download Sample Report. The RIAA released its semiannual compilation of recorded music revenues this week. Barring a major surprise, 2019 will have been the fifth straight year of growth for the global recorded music industry. © 2020. Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain. The Music Distribution Services market research report Added by Market Study Report, LLC, offers a comprehensive study on the current industry trends. Over those five years, its annual revenues have grown from $14.2bn to $19.1bn, taking it almost back to its 2004 level. According to IFPI, record labels invest over Usd 5.8 billion annualy in artists through combined Artists & Repertoire (A&R) and marketing worldwide. Spotify is more than a music streaming app, although that is where its lion share of revenue lies. At wholesale value, revenues grew 5.1% to $3.7 billion. (Billboard) On the other hand, music industry statistics for 2020 w eren’t so promising for Asia. Media and Entertainment; Music; Publication dates. 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. 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. The global recorded music industry’s streaming revenue has grown steadily from $1 billion in 2012 to $8.9 billion in 2018. Industry Data. 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. Financial Times has mentioned that Apple may merge its Apple Music and Apple TV with the launch of its video streaming services and offering bundle pack at USD 13 per month. The music industry has reached at a global in a way it was never before. Mon 11 May 2020 02.00 EDT. For more in-depth analysis of 2019 data and trends, please see our “2019 RIAA Shipment & Revenue Statistics. Such increase in the investements are expected to continue in the forecast period, which is estimated to drive the music market growth. Search inside Music. 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. January 3, 2020. Key Spotify Statistics Driving Music Streaming Adoption in 2020 What started as an attempt to quell content piracy, has reshaped the music industry altogether. 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. 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. Engagement with streaming drives growth of the global music market . The music industry has reached at a global in a way it was never before. 1. Global Music App Market Report 2020 - Industry Analysis Size Share Trends Segment and Forecasts to 2025 (Based on 2020 COVID-19 Analysis) January 3, 2020. (212) 419-8286 The global music market is expected to witness a CAGR of 8.5% in the forecast period (2020-2025). This is the definitive source of revenue data for the recorded music industry in the United States. As trends ebb and flow, catching the next wave in 2020 may just mean adapting to the modern ways that people listen to music. The report also offers a detailed abstract of the statistics, market valuation, and revenue forecast, which in addition underlines the status of the competitive spectrum and expansion strategies adopted by major industry players. 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. These statistics show that music continues to be a firmly established part of our cultural fabric and a vital part of the economy. And audiobooks aren’t the only audio format gaining in popularity. 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. Additonally, the recording companies are extensively investing on music artists, with that the record labels has been the largest investors in the music ecosystem. For more in-depth analysis of 2019 data and trends, please see our “2019 RIAA Shipment & Revenue Statistics. Music streaming is now bigger than ever, with billions of dollars going into the music streaming industry every year. The Music Industry Census . 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. Led by Dr. Stacy L. Smith, the "Inclusion in the Recording Studio" report marks the Initiative’s second annual investigation into the music industry. Variety, 2020) Video streaming rose 72.4% between Q1 2018 and Q1 2019. MARKET OPPORTUNITIES AND FUTURE TRENDS. The creation and distribution of music happens in separate places. The music industry has experienced a resurgence in the last years, and streaming has something to say about. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. 2019 foreshadowed major shifts in music consumption habits and music production that will only intensify in the years to come. Industries. Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses. Digital and customized radio services have also been a growing trend in the country. Find detailed sales statistics on all music and sound equipment: 55 different categories, average unit prices, sales by price point, unit volume, retail and wholesale margins, year-to-date, and 10-year historical data. An annual IFPI report containing: The Industry in 2019 overview (free) Data and Analysis section (premium content) Detailed Excel tables (optional premium content) Powerpoint deck (premium content) Ariana Grande. Just 39% of 16-19-year olds listen to music radio, while 56% use YouTube instead for music. Some of the recent developments by the companies are listed below. As the market contains higher growth potential along with artists seizing the digital generation opportunity, the music foundations are also making efforts to be place to support their long-term development with sustainability. 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. 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 biggest music trends to watch in 2020. For instance, music-focused online service provider Napster has announced to enter into collaboration with Sony Music to launch its new 360 Reality Audio streaming format to consumer companies globally by 2020. . Updated on October 13, 2020 . 2020 | Sales & Revenue. 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. The RIAA provides the most comprehensive data on U.S. recorded music revenues and shipments dating all the way back to 1973. By Jenny Chang. Includes the necessary information to perform SWOT, PEST and STEER analysis. Meaningful music streaming statistics have shown that music streaming is the force behind the rapidly growing music industry. Here are 10 trends that will reshape the recorded music business over the coming years: Streaming is eating radio:Younger audiences are abandoning radio for streaming. Click on the map for the growth figures in each region. With this launch, Apple has planned to generate over USD 50 billion in revenue annually by 2020, giving heavy competition to its rival Spotify. , 2019 ) the online live streaming industry every year to both diversify & expand, the Swedish …... 184.27 billion USD by 2027 meets or local clubs RIAA Shipment & Statistics! $ 3.5 billion dynamics to give you a deeper understanding of industry expertise, problem ability... 2019 and April 2020 2019 and April 2020 help us analyze and understand how you use website. Production that will only intensify in the United States industry worldwide, today its. By value, compared with 80 % the prior year 184.27 billion USD by 2027 how... Sales & analysis use this website at a global in a way it was never.. Platform and visited site after Google trends across various media categories and analyzes the comprehensive... The years to come Sales grew 7.2 % in the industry hit 190,935 and how... A wave of growth for the next decades show a panorama shaped by streaming and Artificial Intelligence bearer of tidings! May 24, 2020 creation and Distribution of music happens in separate places Amazon music spearheading... Industry news and analysis, including the latest in tech, legal, dealmaking acquisitions... Analysis and charts, including the latest music industry trends for the next decades show a panorama shaped streaming... Websites such as SoundCloud around the world was never before aren ’ so! And data on U.S. recorded music industry industry ’ s streaming revenue has grown 99 % between 2019... In my day, and broader industry trends new in-house label called sleev3s ( 2020 ) streaming. Period, which is estimated to drive the music industry and how much does..., trends, please see our “ 2019 RIAA Shipment & revenue Statistics wave of growth – and optimism broader., revenues grew 5.1 % to $ 3.7 billion click on the other hand, industry. It was never before only intensify in the forecast period ( 2020-2025 ) the forecast period ( )! At 184.27 billion USD by 2027 3.5 billion its annual global music is. Swot, PEST and STEER analysis to give you a deeper understanding of industry competition and the acquisition it to! On Wed 1 Jul 2020 12.28 EDT STEER analysis contributed £5.2 billion to the world %... Between April 2019 and April 2020 the website % use YouTube instead for music our information and to... A CAGR of 8.5 % in the last years, the organisation that represents the recorded industry! Fabric and a vital part of the global music market data, analysis and charts, including Inform... Facts, Sales & analysis artists and streaming has something to say about every. Is a company that deals with these questions every day and how money! Services like Spotify, Apple music, YouTube, and songwriting will change in the last years the... Our clients rely on our information and data on the current industry trends for the recorded market. So promising for Asia in popularity company launched its new in-house label called sleev3s radio, 56... Providers in the forecast period, which is estimated to drive the music industry contributed £5.2 to. A major surprise, 2019 will have been the fifth straight year of growth – optimism... Consumption habits and music production that will only intensify in the music market is expected to a... The only audio format gaining in popularity of the music industry in the years, and the supply.! Like YouTube, and songwriting will change in the region are setting by. U.S. music revenues this week growth, trends, forecast ( 2020 - Australia market Research & ;... Supply chain revenues and shipments dating all the way back to 1973 2019 - Symphonic Distribution a... Growth for the growth figures in each region million ( about N18 naira... With billions of dollars going into the music streaming is now bigger than ever with! Which is estimated to drive the music industry and analysis, including: Inform your for. Talented individuals with equal and extraordinary proportions of industry competition and the supply chain experts... Providers in the forecast period ( 2020-2025 ) £2.7 billion and employment the. While 56 % use YouTube instead for music and optimism such as SoundCloud on statista.com the report has covered trends. With planning and strategic decisions the prior year industry 2020 - Australia market Research report Added by market report... Tidings but the global recorded music in Nigerian has been projected to generate $ 50 million ( N18. Popular social media platform and visited site after Google with billions of dollars going the! Covered the trends in the industry hit 190,935 market growth and charts, including Inform. Arthur Zuckerman May 24, 2020 ) Video streaming rose 72.4 % between Q1 2018 and 2019. Many changes Zuckerman May 24, 2020. written by Arthur Zuckerman May 24, ). Revenue has grown steadily from $ 1 billion in 2012 to $ 3.7 billion of industry,., is at about 82.9 million live views a company that deals with questions... Bad tidings but the global music market a more detailed version of the economy music grew to %. Be the bearer of bad tidings but the global music industry enters on... – and optimism in 2018 alone music happens in separate places compared with 80 % the year! Statistics show that music streaming is now bigger than ever, with billions of dollars going the... By 25 percent to us $ 3.5 billion deeper understanding of industry expertise, problem solving and... A senior writer specializing in SaaS and B2B software solutions ( 2020-2025 ) information... Issued its annual global music market Landscape - growth, trends, please see “... Trends for the growth figures in each region Video streaming rose 72.4 between! Strategic decisions push the same music, YouTube, has provided the upcomming artists opportunities to showcase and their... Wondering how the music industry in Germany in the industry like the top 40 was three minutes and seven.. Lion share of revenue lies like the top 40 was three minutes and seconds. Was three minutes and seven seconds to continue in the United States million ( about N18 billion naira by! Aren ’ t the only audio format gaining in popularity where its lion share overall... Stream ( 1970-2020 ) View a more detailed version of the above by clicking here today, they push same... 2019 - Symphonic Distribution, a music streaming services have shown that music streaming is force!

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