The company brings in 26.7% of sales from game and network services. If 2019 matched 2018’s 9.7% growth, we could be talking about $21bn last year. Click on the map for the growth figures in each region. For more in-depth analysis of 2019 data and trends, please see our “2019 RIAA Shipment & Revenue Statistics. As of 2020, its global revenue neared $77 billion. Over those five years, its annual revenues have grown from $14.2bn to $19.1bn, taking it almost back to its 2004 level. The growing popularity of digital platforms and the increasing adoption of smart devices is expected to positively impact industry growth during the forecast period “Current forecasts anticipate a revenue fall for the live music industry of ~90 percent in 2020, a number that will only recover once the global borders are opened to touring acts.” The blow to Australia’s music industry was padded somewhat through … 5.1 percent (almost $47.39 million) of German recorded music industry revenue derived from digital song purchases, between January and June 2020, whereas ringtones and … The expansion of global social media ad revenue hinges on Chinese platforms like TikTok, which account for 50% of … The same source estimates that in 2020, the region will contribute at least 49% of the industry’s revenue, which would amount to $78.3 billion. The Music Distribution Services market research report Added by Market Study Report, LLC, offers a comprehensive study on the current industry trends. Today (August 20), brings some positive news arrives for the worldwide music business out of Germany, where industry-wide recorded music revenues rose 4.8% year-on-year in the first six months of 2020, up to €783.7m ($856m). On this basis, music … The ranking is based on retail value (rather than units) each market generates respectively per year; retail value generated by each market varies from year to year. This was more than double the amount coming from North America. 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. Global growth by region. Nearly 10 … MIDiA forecasts that UGC revenue from advertising will be worth $4.05 billion in 2020 or $2.2 billion for music rights holders – calculated to be $3.2 billion by 2022. The world's largest recorded music markets are listed annually by the International Federation of the Phonographic Industry (IFPI). The 2030 estimate was an increase on its original prediction of $104 billion, made in October 2016. While the platform’s ad revenue totaled $15.1 billion in 2019 including 26% music at $4 billion, this was a decrease from 35% in 2017. Barring a major surprise, 2019 will have been the fifth straight year of growth for the global recorded music industry. Year-Over-Year Growth The INTERNATIONAL FEDERATION OF THE PHONOGRAPHIC INDUSTRY's (IFPI) "Global Music Report 2020" states the global recorded music industry generated $20.2 … Within Asia Pacific, China’s market was the largest in 2019, bringing in about $34.4 billion. This is the definitive source of revenue data for the recorded music industry in the United States. Stock Music Market - Global Outlook and Forecast 2019-2024 : August 2019 $ 3500 Global Music Synthesizers Industry : September 2020 $ 4950 South America Music Streaming Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Content Type, Streaming Type, and End User : September 2020 $ 3000 The U.S. recorded-music business was still in an upswing in the first half of 2020, growing 5.6% at retail to $5.7 billion, up from $5.4 billion, continuing a … Research data analyzed and published by SafeBettingSites.com predicts that the space will be worth at least $159.3 billion in 2020.. To place this in perspective, the figure makes it almost three times bigger than the music industry, whose revenues … Considering that its revenue in 2017 was a mere $36 billion, this is remarkable growth. Global Music Industry To Decline 28% to 34% In 2020 [MARK MULLIGAN] Global music industry revenue will decline significantly in 2020, says MIDiA analyst Mark … Investment bank and research firm Goldman Sachs, which puts out an annual report of revenue projections for the music industry, released a new study on … Goldman Sachs glowingly forecasts today’s numbers will more than double to $45 billion by 2030 (a number that does not include the separate … Considering that its revenue in 2017 was … In 2020, total video games and eSports revenue in the United States was US$29.1bn, up from US$27.2bn in 2019, and is set to grow to US$37.1bn in 2024 at a CAGR of 6.4%. Music Intellectual Property Rights in the Spotlight Console and PC markets are accelerating their shift to recurring revenues, such as micro-transactions and downloadable content, while cloud-gaming is gaining momentum. Pandemic causes a 25% decline in global music revenue A Goldman Sachs report from May 2020 estimated that the global music industry will suffer a … Engagement with streaming drives growth of the global music market . Live music has collapsed, but streaming could save the industry, says Goldman Sachs A new report forecasts that the music industry will see a 75% plunge in live music revenue in 2020… We can therefore use this number to estimate that the average music streaming subscriber in 2018 ($6.83bn / 255m subs) was paying $26.78 a year, or $2.23 per month. According to Goldman Sachs, revenues in the global music industry are expected to more than double to about $131 billion by 2030, from the $62bn reported in 2017. This figure was up 8.2% on the prior year ($18.7bn), according to official industry data revealed in the latest IFPI Global Music Report today (May 4). The report also offers a detailed abstract of the statistics, market valuation, and revenue forecast, which in addition underlines the status of the competitive spectrum and expansion strategies adopted by major industry players. The same source estimates that in 2020, the region will contribute at least 49% of the industry’s revenue, which would amount to $78.3 billion. The industry’s global paid streaming revenue haul was up 24.1% year-on-year, says IFPI – suggesting that it grew from approximately $6.83bn in 2018 to $8.48bn in 2019. Global Music Report. There were no online streaming service companies that could drive revenues. The definitive source of recorded music market data, launched May 2020 and covering calendar year 2019. Ariana Grande. This 4.8% growth, unsurprisingly, was driven by … Despite the worldwide economic slump caused by the Covid-19 pandemic, the global gaming industry is thriving and set to hit new highs. Pollstar looked at the preliminary gross revenue for … Meanwhile, nearly $4.5 billion in revenue stems from its mobile communications segment. The global music streaming market size was valued at USD 20.9 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 17.8% from 2020 to 2027. Music publishing market is majorly driven by the growing entertainment and media industry across the globe.The music publishing market is driven by the monetary as well as publicity benefits offered to the music composers by companies.This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Global recorded music sales were then estimated at $15 billion. The RIAA provides the most comprehensive data on U.S. recorded music revenues and shipments dating all the way back to 1973. 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