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Global Recorded Music Market Will Grow Due To The Constant Technological Advancement | Technavio


The recorded music market is expected to grow by USD 10.56 billion, progressing at a CAGR of over 8% during the forecast period.

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Increasing adoption of digital music is one of the major factors propelling market growth. However, factors such as illegal downloads and piracy will hamper the market growth.

More details: https://www.technavio.com/report/recorded-music-market-industry-analysis

Recorded Music Market: Type Landscape

By type, digital recorded music segment will show a major growth during the forecast period.

Recorded Music Market: Geographic Landscape

By geography, APAC is going to have a lucrative growth during the forecast period. About 35% of the market's overall growth is expected to originate from APAC. Japan and South Korea are the key markets for Recorded Music in APAC.

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Music and Video Market by Type, Platform, and Geography - Forecast and Analysis 2020-2024: The music and video market size has the potential to grow by USD 137.93 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

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Key Topics Covered:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Type

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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