" Global Music Market 2016-2020 "is the latest addition to MRR.Biz industry research reports collection.
Albany, NY -- (SBWIRE) -- 02/12/2016 -- About Music Market
Publishing, digital music, physical music copies, and concert tickets are a few primary revenue sources for the music market. The market growth is attributed to the rising number of vendors and their expanding reach in developing markets, the popularity of concerts, growing number of music schools, and prevalence of digital music formats. In 2015, the Americas accounted for the larger proportion of the market share, and the US was the chief revenue generating country.
Technavios analysts forecast the global music market to grow at a CAGR of 5.08% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global music market for 2016-2020. To calculate the market size, the report considers revenue generated from the following segments:
Physical music sales
The market is divided into the following segments based on geography:
Technavio's report, Global Music Market 2016-2020, 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.
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Other prominent vendors
Market driver : Increase in subscription services
Market challenge : Decline in sales of physical records
Market trend :Growth in mobile ad spending
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