Overview of the forecast period 2022-2031 of the global music recording market
The Business Research Company Global Music Recording Market Report 2022 – Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, United Kingdom, Oct. 14, 2022 /EINPresswire.com/ — According to The Business Research Company’s “Music Recording Global Market Report 2022”, the size of the global music recording market grew from 47, $4 billion in 2021 to $51.23 billion in 2022 at a compound annual growth rate (CAGR) of 8.10%. The Russian-Ukrainian war has disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on several countries, soaring commodity prices and supply chain disruptions, affecting many markets around the world. The music recording market is expected to reach $62.09 billion in 2026 with a CAGR of 4.90%. Access to music on mobile platforms has increased dramatically. in recent years and this trend is expected to continue during the forecast period, thereby driving the music recording market.
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Key trends in the music recording market
Many music recording companies offer auto-tuning apps to let singers exaggerate vocals and create a perfect new sound. One of the most popular trends in the music recording market is Auto-Tune, audio processing software used to measure and alter the pitch of vocal and instrumental music recordings and performances. It is used to correct small inaccuracies when singers sing out of tune and to retain the emotional content of the performance. For example, the main music recording studios offering automatic tuning software are Abbey Road Studios, London and Capitol Studios, Los Angeles to tune vocal recordings, add special effects and natural sound allowing the singer to have a its perfect.
Overview of the music recording market
The music recording market overview includes revenue from the production and distribution of music recordings, music publishing or the provision of sound recordings and related services earned by entities (organizations, sole traders and partnerships) that are part of the music recording industry.
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TBRC’s Global Music Recording Market Report 2022 covers the following information:
Market Size Data
• Forecast period: historical and future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
• By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, USA.
• By type: record production, music publishers, record distribution, sound recording studios
• By application: mechanical, performance, synchronization, digital, other
• By end user: individual, commercial
• By genre: Rock, Hip hop, Pop, Jazz, Other.
• By geography: The global music recording market segmentation is divided into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the largest market share.
The major players in the music recording market are Sony Corp, Universal Music Group, Warner Music, Financière de l’Odet, Avex Inc., Bertelsmann SE & Co KGaA, FUJI MEDIA HOLDINGS INC, Hasbro Inc and GMM Grammy Public Company Limited .
Trends, opportunities, strategies and much more.
The Global Music Recording Market Report 2022 is one of the comprehensive reports by The Business Research Company that provides an overview of the global Music Recording Market. The market report analyzes the global music recording market size, global music recording market growth drivers, global music recording market segments, global music recording market key players music, the growth of the global music recording market across all geographies and the revenue and market positioning of music recording market competitors. The Music Recording Market report allows you to gain insight into opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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