Music Recording Market Research Report: Global Analysis 2020-2023

Posted by vamshi1 on October 12th, 2020

The Business Research Company’s latest report Music Recording Global Market Report 2020 covers Music Recording market drivers, Music Recording market trends, Music Recording market segments, Music Recording market growth rate, Music Recording market major players, and Music Recording market size. The report provides in-depth analysis of the impact of COVID-19 on the Music Recording industry, along with revised market numbers due to the effects of the coronavirus.

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Music Recording Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

The global music recording market is expected to decline from .3 billion in 2019 to .8 billion in 2020 at a compound annual growth rate (CAGR) of -2.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach .5 billion in 2023.

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The report covers the music recording market’s segments- 
1) By Type: Record Production, Music Publishers, Record Distribution, Sound Recording Studios
2) By Application: Mechanical, Performance, Synchronization, Digital, Others
3) By End-User: Individual, Commercial
4) By Genre: Rock, Hip hop, Pop, Jazz, Others.

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The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.  

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