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Global Music Market 2017-2021 - Research and Markets

February 17, 2017 -- !-- AddToAny BEGIN -->

DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Music Market 2017-2021" report to their offering.


The report, Global Music Market 2017-2021, 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.

The analysts forecast the global music market to grow at a CAGR of 8.93% during the period 2017-2021.

The report states that the growing penetration of mobile devices, such as smartphones and tablets, and the high-speed Internet connectivity is expanding the digital music market as they are used in music streaming and downloading. The development of several mobile apps and websites helped digital services gain a large audience. The number of smartphones shipped around the world in 2016 was nearly 1.5 billion units compared to 1.43 million units in 2015 and 1.3 million units in 2014. This number is expected to increase during the forecast period, while the number of tablet users in the world is expected to reach 1.4 billion in 2017. The rapid rise in the sales of mobile devices has increased the adoption of digital music exponentially. Furthermore, owing to the easy availability and affordability, a large number of individuals have active Internet connectivity on their mobile devices. In 2016, 49% of the total world population used the Internet. Therefore, the increased internet penetration is driving the growth of the global music market.


Key vendors

- BMG Rights Management

- Kobalt Music Group

- Sony/ATV Music Publishing

- Universal Music Group

- Warner Music Group

Market drivers

- Increasing adoption of digital music

- For a full, detailed list, view the full report

Market challenges

- Lack of ownership in music streaming

- For a full, detailed list, view the full report

Market trends

- Growth in global mobile ad spending market

- For a full, detailed list, view the full report

Companies Mentioned

- BMG Rights Management

- Kobalt Music Group

- Sony/ATV Music Publishing

- Universal Music Group

- Warner Music Group

- Deezer

- Gaana.com

- Guvera

- Pandora Radio

- Saavn

- SoundCloud

- Spotify

- Apple Music

- Aspiro Group

- Curb Records

- Disney Music

- Fox Music

- Imagem Music

- Wrensong Entertainment

- Eventbrite

- StubHub

- Ticketmaster

For more information about this report visit http://www.researchandmarkets.com/research/7xs5h2/global_music


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Research and Markets
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Related Topics: Music

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