Music Publishing Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type of Rights, by Revenue Source, by Application : Global Opportunity Analysis and Industry Forecast, 2024-2032

Key Market Dynamics 

The music publishing industry is an arena in which there are abundant opportunities for growth and innovation. A significant opportunity in this regard is the expansion of digital platforms and streaming services, which have revolutionized how music is consumed and distributed across the globe. The shift toward online streaming of music by more consumers provides a chance to capitalize on this trend through licensing their catalogues to these platforms, hence earning some royalties upon content streaming. Moreover, improvements in technology such as artificial intelligence (AI) and machine learning lead to new ways of discovering, curating, and monetizing music. Publishers use these technologies to study consumer behaviour; project trends; and maximize exposure while generating revenue with respect to the catalogue. In addition, the globalization of the music industry has created new markets and revenue sources for publishers. Asia and Latin America are fast rising economies that have significant potential for untapped demand for music consumption as well as licensing opportunities. As these regions have undergone rapid urbanization accompanied by increasing middle class population lifestyles, there is rise in need for musical contents across film, TV commercials, and game platforms. These factors are thereby expected to propel the growth of the global music publishing industry during the forecast period.  

Parent Market Analysis 

Music consumption and interactions have experienced a rapid revolution over the years owing to the rise in adoption of music streaming applications. These kinds of platforms (e.g., Spotify, Apple Music, and Tidal) , which allow users to access a wide variety of songs, albums, and playlists on-demand, have no precedent.  Furthermore, music streaming applications have given democracy to music discovery; people are now able to find out about different genres or artists that exist in their cultures fast. Moreover, these applications personalize recommendations using algorithms depending on one’s listening history to improve the discovery experience. In addition, the rapid increase in number of internet users across the globe further contributes to rise in adoption of music streaming applications. For instance, according to the state of world internet connectivity 2022 report published by GSMA, 4.3 billion people across the globe have internet connectivity representing almost 55% of the global population. These factors are thereby increasing the demand for on-demand music, thereby contributing to the global music publishing market growth.  

Market Segmentation 

The market for music publishing has grown rapidly and several trends have influenced them. The most impactful factor includes the growth of possibilities digital music consumption provides. Various streaming services such as Spotify, Apple Music, or YouTube Music allow the consumers to choose from the thousands and thousands of songs and albums to listen to at a current moment. In turn, music publishers receive money from their content viewed as royalties. Similarly, the rapid urbanization of emerging economies in Asia and Latin America has contributed to the expansion of the middle class, which automatically boosts the need for music content owing to the rich cultural heritage and diverse musical genre across these regions. Moreover, easy access to new music online, which is a result of the surge in the number of smartphones and increased internet connectivity across the globe, is likewise helping the music publishing market to grow.  

Regional/Country Market Outlook 

The North America music publishing market accounted for the largest share in 2023. The North American music publishing market size is growing rapidly due to several factors. This region has the world's largest and most influential music markets such as the U.S. and Canada. These countries have a rich musical heritage and are global centers for developing, distributing, and consuming music. Furthermore, there has been a revolution in how consumers access and involve themselves with music following the advent of digital platforms for listening to songs. North America has spearheaded this change; streaming platforms such as Spotify, Apple Music, and Amazon Music are popular among consumers across the globe. This transition to digital consumption has driven up income for publishers whose revenues accrue from catalog streams. Moreover, North America’s booming entertainment industry covering films, TV shows, radio commercials, or video games is an excellent avenue for synchronizing music and licensing it with companies that produce it globally. With these industries continually expanding, there is an increase in need for top-notch soundtracks that create immersive content while keeping viewers entertained, which has led to further growth in the publishing business of songs.  

Industry Trends

• In April 2024, the International Confederation of Music Publishers (ICMP) launched the new resource called RightsAndAI.com to protect the rights of the music publishers from unauthorized exploitation on the internet.  

• In April 2023, the Indian Music Industry (IMI) signed a historic agreement with the Indian Singers Rights Association (ISRA) to put an end to the disputes related to the share of royalties on performance and recordings. This agreement states the rights of each party clearly to avoid disputes later. 

• In August 2019, the T U.S. government passed a bill on Music Modernization Act aimed to help streamlining licensing of music. This bill overcomes the loopholes in the music copyright industry thereby protecting the music publishers’ rights in the growing digital era.  

Competitive Landscape 

The major players operating in the music publishing market include Universal Music Group (UMG) , Sony Music Entertainment, Warner Music Group, Concord Music Group, and BMG Rights Management. Other players in the music publishing market include Kobalt Music Group, Disney Music Group, Atlas Music Publishing, Wixen Music Publishing., Super Cassettes Industries Private Ltd. and so on. 

Recent Key Strategies and Developments 

• In June 2022, Songclip entered a partnership with Universal Music Group (UMG) , the international music entertainment, and Universal Music Publishing Group (UMPG) . The partnership is intended to streamline social platform user engagement and loyalty.  

• In October 2023, Kobalt Music Group partnered with Morgan Stanley for investing in concord and music copyrights for acquiring 30, 000 songs.   

• In September 2023, Downtown Music Publishing entered a deal with Outer Voice Music Publishing company. to the companies partnered to safeguard the rights of independent music publishers across the globe.  

Key Sources Referred 

1. American Society of Composers, Authors, and Publishers (ASCAP)  

2. International Confederation of Societies of Authors and Composers (CISAC)  

3. Music Publishers Association (MPA)  

4. SESAC 

5. National Music Publishers' Association (NMPA)  

6. Broadcast Music, Inc. (BMI)  

7. Music Business Association (Music Biz)  

8. International Federation of the Phonographic Industry (IFPI)  

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the music publishing market analysis from 2024 to 2032 to identify the prevailing music publishing market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the music publishing market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global music publishing market trends, key players, market segments, application areas, and market growth strategies.