MIDiA Research 2020-2027 Global Music Forecasts Volume Trumps Value as Emerging Markets Dominate Growth
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This report presents the key figures, trends and drivers of MIDiA’s music forecast model. The figures presented in this report are retail values and in billions of US dollars unless otherwise stated. An Excel file posted alongside this report provides complete country-level data, including DSP market shares and a detailed methodology statement.
Key findings
- In retail the global recorded music market worth billion in 2019, up billion in 2018
- Revenues will million in 2027 in retail and billion in trade terms
- The combined of and the subsequent recession be to slow trade revenue to in 2020
- Between 2019 2027 North America will account just of subscriber growth but streaming revenue growth, but Asia will drive of subscriber and revenue
- Rest of Asia Pacific and Latin America account for of subscriber growth 2019 and 2027 but just revenue growth
- Subscriptions accounted of streaming revenue in 2019. 2027 this share will have to due to a combination declining subscription ARPU and the of ad supported
- The dominant of the US in the streaming landscape will accentuate by when it will represent of though only of subscribers