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MIDiA Research 2020-2027 Global Music Forecasts Volume Trumps Value as Emerging Markets Dominate Growth

Report by Mark Mulligan
Cover image for MIDiA Research 2020-2027 Global Music Forecasts
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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 terms, the global recorded music market was worth XXX billion in 2019, up XXX from XXX billion in 2018
  • Revenues will reach XXX million in 2027 in retail terms and XXX billion in trade terms
  • The combined effect of XXX and the subsequent recession will be to slow trade revenue growth to XXX in 2020
  • Between 2019 and 2027 North America will account for just XXX of subscriber growth but XXX of streaming revenue growth, but Asia Pacific will drive XXX of subscriber and XXX of revenue
  • Rest of World, Asia Pacific and Latin America will account for XXX of subscriber growth between 2019 and 2027 but just XXX of revenue growth
  • Subscriptions accounted for XXX of streaming revenue in 2019. By 2027 this share will have fallen to XXX due to a combination of declining subscription ARPU and the growth of ad supported
  • The dominant position of the US in the global streaming landscape will accentuate by 2027 when it will represent XXX of revenues though only XXX of subscribers

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