Rise in music content through mobile platforms is driving music recording market demand
The Business Research Company Global Music Recording Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, United Kingdom, Feb. 16, 2022 /EINPresswire.com/ — Access to music on mobile platforms has grown significantly in recent years and this trend is expected to continue over the forecast period, boosting so the market. Music recording market research explains that this is mainly due to the increase in internet penetration and the growth of smartphones and tablets, especially in emerging countries. Thus, an increase in the demand for music content through mobile platforms is expected to have a positive effect on the growth of the music recording industry over the forecast period.
The size of the global music recording market is expected to grow from $47.40 billion in 2021 to $51.71 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $70.61 billion in 2026 with a CAGR of 8.1%.
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Many companies offer auto-tuning apps to allow singers to exaggerate vocals and create a perfect new sound. Music recording market trends include auto-tune which is 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.
Key Players Covered in Global Music Recording Industry 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. .
Asia-Pacific was the largest region in the music recording market in 2021. Western Europe is expected to be the fastest growing region during the forecast period. Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The global music recording market report by TBRC is segmented by Type into Record Production, Music Publishers, Record Distribution, Sound Recording Studios, by Application into Mechanical, Performance, Synchronization, Digital, Others, by end user in individual, commercial, by genre in rock, hip hop, pop, jazz, others.
Global Music Recording Market Report 2022 – By Type (Record Production, Music Publishers, Record Distribution, Sound Recording Studios), By Application (Mechanical, Performance, Synchronization, Digital), By End User (Individual, Commercial), By Genre (Rock, Hip Hop, Pop, Jazz) – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports from The Business Research Company that provides an overview of the market of Music Recording, forecasts Music Recording market size and growth for the overall market, Music Recording market segments, geographies, Music Recording market trends, Music Recording market drivers music recording, restraints, revenue, profiles and music recording market shares of key competitors.
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