Global Music Publishing Market
Music Publishing Market Size And Forecast
According to Verified Market Research, the Global Music Publishing Market was valued at USD 5.44 Billion in 2018 and is projected to reach USD 8.15 Billion by 2026, growing at a CAGR of 5.44% from 2019 to 2026.
Global Music Publishing Market Overview
The rise of music streaming services like Spotify and Pandora is leading to a decline in physical music sales, this has however not caused a led to decline for the industry as a whole. The growth in the number of musicians and live performances are allowing for the growth in the industry as a whole as it paves way for the increasing scope for the music publishing industry as a result. With live performances being one of the ways in which the music publishing market obtains revenue, the growth in the number of performances leads to the growth of the market.
On the contrary, difficulty in implementing methods in order to curb piracy acts as a restraint for the overall market.
Music Publishing market By Type:
On the basis of type, the market is bifurcated into synchronization, mechanical, performance, digital and others.
The major players in the market are Warner Music Group, Universal Music Group, kobalt music, BMG and Sony/ATV Music Publishing.
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