Global Music Copyright Market Size By Product (Royalty Free, Rights Managed), By End User (Record Company, Personal Musician), By Geographic Scope And Forecast
Report ID: 93180|No. of Pages: 202
Global Music Copyright Market Size By Product (Royalty Free, Rights Managed), By End User (Record Company, Personal Musician), By Geographic Scope And Forecast
Music Copyright Market Size And Forecast
Music Copyright Market size was valued at USD 7.26 Billion in 2023 and is projected to reach USD 34.17 Billion by 2030, growing at a CAGR of 2.62% from 2024 to 2030.
The Global Music Copyright Market is primarily driven by the growing demand for use of music records as background scores, in TV shows, and in numerous industries across the globe. Moreover, changing trends and growing developments in the music industry are likely to fuel the growth of the Music Copyright Market in the near future. Rising demand for music copyright by sole artists and small studios is also another driving factor that is expected to boom the market size during the next few years. However, piracy and the use of advanced technology such as AI is one of the factors that may slow down the growth of the market. The Global Music Copyright Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Music Copyright Market Definition
Music copyrights are established immediately upon the development of the following elements, whether as a music piece or as a sound record. They must be an original author’s work and must be established in some tangible form of speech, such as written sheet music, a MIDI file, or a digital (or analog) recording. The creative work can be literary, visual, pedagogical, or musical. Copyright aims to shield the original presentation of the idea, but not the concept itself, the original expression of an idea in the form of creative work. Copyright is prohibited on grounds of public interest, such as the concept of fair use in the USA.
The legal framework can grant copyright which is called “territorial rights” in this instance. This means that the copyright issued in compliance with the laws of a certain state does not extend outside the jurisdiction. Such copyrights vary by country; several countries and, at times, a wide group of countries have signed procedures and arrangements with other countries where cross-national boundaries or national rights are inconsistent.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=93180
Global Music Copyright Market Overview
Increasing demand from the music industry is expected to augment market growth. Technological innovations for the development of cost-effective products are also expected to have a positive impact on growth. But even though an increasing number of artists across the globe and the latest technological advancement in the field of music if helping the growth of the market. In addition, the market transition towards digital channels also has been positive for the media industry in recent years. Customers have begun to avoid and compensate for pirated music and this cost has contributed to higher incomes for the entertainment sector.
Furthermore, certain factors make it lucrative for artists by networking capacities, copyright, fixed contracts, and business contracts. These are the key drivers defined as the market’s rise. Furthermore, music tracks are used quite often, in business conferences, internet listening, podcasts, mobile applications, advertisements, music, video games, audiobooks, and background scores. This encourages vendors through their application or project type to deliver a selection of subscription music copyright programs.
A significant factor in the growth of music copyright is the increasing success of the subscription model. Trends in the Global Music Copyright Market include market consolidation and technological advancements in process and business models. However, contradictory to the above drivers some restraints may limit the growth of the Music Copyright Market. With the advent of AI, machine learning, proxy sites, and many more it has become even more impossible to curb piracy, and hence the issue of piracy will hamper the growth of the market.
Global Music Copyright Market Segmentation Analysis
The Global Music Copyright Market is Segmented On The Basis Of Product, End User, and Geography.
Music Copyright Market, By Product
- Royalty Free
- Rights Managed
Based on Product, the market is segmented into Royalty Free, Rights Managed. Royalty Free music can be used without paying royalties or licensing fees for each use for copies of the material, volumes sold, or for a term of use or sale, subject to copyright or other intellectual property laws. Rights managed music is a kind of stock music license which can be obtained from a stock music agency. This form of license is only sold once enables the purchaser to use the music only in a certain way.
Music Copyright Market, By End User
- Record Company
- Personal Musician
- Others
Based on End User, the market is bifurcated into Record Company, Personal Musician, and Others. The record company is a music recording brand or trademark that owns music recording and music video. A label often is a publishing company that handles brands and markings, oversees the production, production, processing, distribution of sound recordings and music video, promotes and imposes copyright, as well as the development and promotion of talent for new artists and contracts with artist recording and managers.
Music Copyright Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
Based on regional analysis, the Global Music Copyright Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The North American region has grown exponentially and is expected have largest share during the forecast period. Further, the growing need for audio-visual and interactive storytelling is emerging as a new opportunity in the North American market. The APAC region is expected to boom rapidly changing the media landscape is fueling growth. Increasing internet penetration and digital marketing, specifically mobile is expected to have a positive impact on growth.
Key Players
The “Global Music Copyright Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Audio Network Ltd., Getty Images Inc., Pond5 Inc., Shutterstock Inc., The Music Bed LLC, The Carlyle Group Inc., Footage Firm Inc., SoundCloud Ltd., Epidemic Sound AB, and Envato Pty Ltd. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2030 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Audio Network Ltd., Getty Images Inc., Pond5 Inc., Shutterstock Inc., The Music Bed LLC, The Carlyle Group Inc., Footage Firm Inc., SoundCloud Ltd. |
| SEGMENTS COVERED |
|
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF GLOBAL MUSIC COPYRIGHT MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL MUSIC COPYRIGHT MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL MUSIC COPYRIGHT MARKET, BY PRODUCT
5.1 Overview
5.2 Royalty Free
5.3 Rights Managed
6 GLOBAL MUSIC COPYRIGHT MARKET, BY END USER
6.1 Overview
6.2 Record Company
6.3 Personal Musician
6.4 Others
7 GLOBAL MUSIC COPYRIGHT MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East & Africa
8 GLOBAL MUSIC COPYRIGHT MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 Audio Network Ltd.
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Getty Images Inc.
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Pond5 Inc.
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Shutterstock Inc.
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 The Music Bed LLC
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 The Carlyle Group Inc.
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 Footage Firm Inc.
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Epidemic Sound AB
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 SoundCloud Ltd.
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
9.10 Envato Pty Ltd.
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments
10 Appendix
10.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
