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Allied Market Research

Music Distribution Services Market by Type (Artist-To-Fan, Distributor To Digital Retailers), Deployment Type (On- Premise, Cloud), Application (Record Companies, Independent Music), Organizational Size (Small And Medium Enterprise, Large Enterprise), End User (Commercial And Individuals): Global Opportunity Analysis And Industry Forecast, 2020–2027

A08884
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Aug 2021 | 738 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Music Distribution Services Market Insight

Traditionally, distribution companies sign deals with singers, which give them the right to sell their products. A distributor takes a cut of income from each unit sold and then pays to singer the remaining balance. Music distribution software automates the process of making music publicly available in any and all digital and physical media format music distribution software automates the process of music distribution. 

Music Distribution Services Market Scope and Structure Analysis:

Report Matric

Details

  Market size available for the years

  2019-2027

  Base year considered

  2019

  Forecast period

  2020-2027

  Forecast unit

  Value (USD)

  Segments covered

  • Type
  • Deployment Type
  • Application
  • Organizational Size
  • End User
  • Region

  Regions covered

  • North America (U.S. and Canada),
  • Europe (Germany, UK, France, and the Rest of Europe),
  • Asia-Pacific (China, Japan, India, and the Rest of Asia Pacific),
  • LAMEA (Latin America, Middle East, and Africa)

  Companies covered

 

  1. Alternative Distribution Alliance
  2. iMusicaCorp and Kanjian Music
  3. Symphonic Distribution
  4. FreshTunes Inc
  5. Ditto Music Corp.
  6. Distrokid Ltd
  7. Believe Inc
  8. RouteNote Inc
  9. Octiive Ltd
  10. Kobalt Corp.

 

Impact of COVID-19 on Music Distribution Services Market

  • The emergence of COVID-19 pandemic has severely affected almost all the industries across the world. Further, lockdown enforcements and restrictions on movements of non-essential goods as well as resources in various countries has disrupted 
  • People are still trying to adjust the reality of social distancing, public figures and creators are finding new and innovative ways to engage and entertain their communities. In these difficult times, some music streaming apps are helping musicians and artists by running donation campaigns, whereas other platforms are coming up with various strategies to entertain consumers and provide them free content.
  • Big key players is also working with a growing list of organizations offering financial relief to creators around the world to find ways to support the community. The various COVID-19 Music Relief project has been created to amplify the efforts of organizations that focus on helping those in need. 
  • On the distribution side, there is a growing list of artists delaying releases to later in the year. In part this is due to the inability to use tours to promote new albums, and live music in general has been dramatically affected, however, with the growing demand of digital music distribution and conducting of various music festivals. The artists and distribution companies are expecting growth and thus creating various opportunities for the music distribution companies. 

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis 

Numerous factors such as rise in the number of active music listener around the globe in increasingly rich and immersive ways, increasing adoption of online music, and rise in the demand for the adoption of international and different varieties of music are some of the key driving factors for the growth of this market. However, chances of piracy and data leakage during online music distribution may restrain the growth of the market. In addition to this, integration of virtual reality and new products launches with mergers and collaborations is expected to bring lucent opportunities for the market. 

Increase in demand for growing digital music: 

The digitalization of music distribution has surely help to reduce and save the hassle of physical distribution, in addition to the not giving up rights to the music. The only difference between the traditional and digital platform is that, the digital platform music is sent to online music platforms and then later on it is the distributors’ job to ensure that royalties for the use of the music which will passed back to the artists and rights holders. The digitalization have also help to access the music at anytime and anywhere, thus making it more in demand. The digitalization have also offers the varieties for the multiple choices of music and thus, the increased adoption of digitalization in music industry have certainly drive the growth of the music distribution services. 

 

Key Segments covered:

Segments

Subsegments

  Type

  • Artist-to-Fan
  • Distributor to Digital Retailers

  Deployment Type

  • On- premise
  • Cloud  

  Application

  • Record companies
  • Independent music  

  Organizational Size  

  • Small & Medium Enterprise
  • Large Enterprise

  End User   

  • Commercial
  • Individuals

 

Key benefits of the report:

  • This study presents the analytical depiction of the global music distribution services market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of global music distribution services market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global music distribution services market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides detailed global music distribution services market analysis based on competitive intensity and how the competition will take shape in coming years. 
 
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