Music Market Share, Size and Forecasts 2016-2020

Publishing, digital music, physical music copies, and concert tickets are a few primary revenue sources for the music market. The market growth is attributed to the rising number of vendors and their expanding reach in developing markets, the popularity of concerts, growing number of music schools, and prevalence of digital music formats. In 2015, the Americas accounted for the larger proportion of the market share, and the US was the chief revenue generating country.

Technavio's analysts forecast the global music market to grow at a CAGR of 5.08% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global music market for 2016-2020. To calculate the market size, the report considers revenue generated from the following segments:

Concert tickets

Digital music

Physical music sales

Music publishing

The market is divided into the following segments based on geography:

Americas

EMEA

APAC

Technavio's report, Global Music Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

BMG

Kobalt Music

Sony/ATV Music

Universal Music

Warner Music

Other prominent vendors

Music streaming

Subscription

Music publishing

Concert tickets

Market driver

Increase in subscription services

For a full, detailed list, view our report

Market challenge

Decline in sales of physical records

For a full, detailed list, view our report

Market trend

Growth in mobile ad spending

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the...