The current report on Music Publishing Market covers a comprehensive analysis demonstrating actionable insights for clients. In addition, the report offers business insights that encourage them to take suitable decisions which are likely to leverage their business processes. Moreover, the report is a detailed study exhibiting current market trends with an overview of future market study.
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Key player’s profiles in the report are Universal Music Group, Sony/ATV Music Publishing, Warner Music Group, BMG Rights Management, Kobalt Music and SONGS Music Publishing.
Precision Business Insights (PBI) in its report titled “Global Music Publishing Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2019 and Forecast 2019-2026”assesses the market performance over six years forecast period over 2019-2026. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
Some of the key factors fueling the market growth include rise in music streaming services, growth in the number of musicians and live performances, increase in revenue when it comes to various forms of entertainment, increasing adoption of digital music and rising popularity of music streaming services. However, increasing live concerts & performances and privacy issues are hampering the market growth.
Global music publishing market segmented on the basis of royalties and deployment type.
Digital segment accounted for higher revenue share
Based on royalities, global music publishing market is segmented into performance, digital, synchronization, mechanical and others. Digital segment market is expected to acquire highest CAGR of XX% and will dominate over the forecast period. Advances in digital music distribution and streaming services have made it possible for independent artists to make their music available to a worldwide audience with the click of a few buttons. However, digital distribution changed all of that by cutting out the middleman allowing artists to distribute music directly to online stores while keeping 100% of their royalties. The goal of digital distribution is to get music on iTunes, Spotify, Google Play, and other streaming platforms and digital music stores.
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North America leads the Global Music Publishing Market
PBI’s global music publishing market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, North America accounted for larger revenue share in 2019 of XX% and the same trend is projected to follow over 2019-2026. The Americas are expected to dominate the global market for music publishing during the forecast period. The presence of multiple independent and traditional publishing houses in this region is expected to result in this region’s high market share. The growth of the market is dependent on the progress of stream applications efficiently harnessed by music companies. American companies are highly responsible in building the required infrastructure of this market while making efficient networks with existing and budding artists, giving them international platforms, and building local and regional platforms. Asia Pacific and Latin America are other potential regions that are anticipated to witness the fastest growth during the forecast period.
Strategic Acquisitions are the key strategies adopted by market players
Global music publishing market further reveals that the key player’s increasingly adopting strategies such as strategic acquisitions to enhance market revenue share. For instance, in dec 2017,Kobalt acquired SONGS Music Publishing company.
- By Application
- North America
- Rest of Europe
- Au & NZ
- Rest of Europe
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of MEA
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026).
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies.
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market.
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario.
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market.
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