In May 2020, Goldman Sachs estimated the entire music industry’s revenue (live, recorded, and publishing) to increase from $62 billion in 2017 to $131 billion in 2030, representing a 6% CAGR. Profound changes are underway in music creation and consumption as songwriters, artists, producers, and consumers adapt to the realities from the pandemic. 5 Music Industry Trends To Be Aware Of in 2020. Analysis: the music industry enters 2020 on a wave of growth – and optimism. Leave a Comment Cancel Reply. In this case, that means predicting upcoming trends. The dawn of a new year and in this case, a new decade, is not only the perfect time to set resolutions, or look back on the past in favor or creating the future we want, but it’s also an ideal time to look ahead in the music industry. If Len Blavatnik could command this price for Warner in 2020, it would mean he would need to sell just 18% of his music company to a minority … This article was originally written in august 2019, and updated early 2020 to account for the latest trends in the music business. Global "Music Synthesizers Market" report 2020 covers the present state of Market Share, CAGR, Revenue, Gross Market and the growth prospects of the keyword industry in the global regions.This keyword Market report has all the essential data and analysis of market advantages or disadvantages, impact of Covid 19 and future industry scope all stated in a very clear manner. How A.I will shape all the aspects of the Music Industry Tags: 2019 review Market data. This, combined with an approximate one-third reduction in digital ad spending, will … It’s difficult to predict the future. The 2030 estimate was an increase on its original prediction of $104 billion, made in October 2016. A survey by the Interactive Advertising Bureau shows that around a quarter of media buyers and brands have paused all advertising for the first half of 2020, and a further 46% have reduced spending. Global Music Industry Business Software Market analysis is provided for the major regions of the world, including development trends, competitive landscape analysis, and key regions development status. The music industry has reached at a global in a way it was never before. The music industry, by its definition, is a group consisting of various companies, producers, and artists that aim to create and sell new kinds of music, ... Facts & Trends May 30, 2020. This is an edited version of a piece that originally appeared in Music Ally’s Trends of 2019 report, published in December 2019. January 3, 2020. Stuart Dredge. It’s much easier to track what we’re talking about in droves today, the narratives around which will often influence our decisions and manifest into action tomorrow.. The global music community has never been more connected, and fans and artists alike are seizing the opportunities of this new era to enjoy and share the music they love. 37 Leadership Statistics: 2020/2021 Data, Trends & Predictions May 29, 2020. The global music market is expected to witness a CAGR of 8.5% in the forecast period (2021 - 2026). Cherie Hu – Journalist & Author of the Water & Music Newsletter. The music industry is also subject to reductions in advertising spending that are happening worldwide. 1. Global Music Production and Distribution industry trends (2015-2020) Global Music Production and Distribution industry outlook (2020-2025) poll Average industry growth 2020-2025 : x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. Predicting upcoming trends CAGR of 8.5 % in the forecast period ( 2021 - 2026 ) 2019. & music Newsletter, and updated early 2020 to account for the latest trends in the forecast (! 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