The Music Publishing Market is being driven by Growth of global music industry
The Music Publishing Market is expected to grow at a CAGR of 8.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3820.2 million. The digital music publishing market is experiencing significant growth due to the increasing popularity of mobile advertising. With the widespread adoption of smartphones and tablets globally, music streaming and downloading services are increasingly being offered for free on these devices. Mobile advertising represents a substantial revenue source for digital music service providers, fueling the expansion of the global music publishing market. The shift towards online marketing strategies is further driving market growth, as advertisements featuring appropriate music can significantly enhance the effectiveness of campaigns by capturing greater consumer attention.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
225 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.4% |
Market growth 2025-2029 |
USD 3820.2 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
7.8 |
Key countries |
US, China, UK, Germany, Japan, Canada, India, Brazil, Mexico, and Saudi Arabia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Music Publishing Market encompasses various aspects, including Music Metadata management, Copyright Registration, and Agreement signing for Music Publishing, Master Recording Rights, and Sound Recording Copyright. It deals with granting Public Performance Rights, implementing Digital Rights Management, and fostering Music Publishing Startups through acquisitions. Music Licensing Agreements, Music Catalog Acquisition, Development, and Management are crucial components, shaping a robust Music Publishing Portfolio. Expertise in Publishing Strategy, Consulting, and Innovation, along with access to Funding, are essential for Music Publishing Experts to effectively manage and grow their Publishing Portfolios.
The Music Publishing Market is a significant segment of the larger global Movies and Entertainment Market, encompassing companies specializing in Music Rights Management, Synchronization Licensing, Mechanical Licensing, Digital Distribution, Songwriting Royalties, Performance Royalties, and Copyright Administration. These entities contribute to the revenue generation of the overall Movies and Entertainment Market, which includes providers of advertising, broadcasting, cable and satellite, publishing, movies and entertainment, interactive home entertainment, and interactive media and services. The Music Publishing Market's size is determined by the consolidated revenue of companies dealing in media, entertainment, and interactive media and services related to music.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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