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 really taking off, mostly because everyone wants music for their TV shows and all sorts of industries are using it as background scores. Plus, the way the music industry is changing and evolving is expected to really boost things in the coming years. What's also helping? More artists and smaller studios are wanting to protect their music copyright. However, it's not all smooth sailing. Piracy and new tech like AI could slow things down a bit. If you want to know more, the Global Music Copyright Market report gives you the full picture. It dives deep into all the important parts like what's trending, what's driving growth, what's holding it back, and who the big players are, giving you a solid look at the market.

Global Music Copyright Market Definition

So, when you create a piece of music or a sound recording, you automatically own the copyright. Basically, it needs to be your own original thing, and it has to be saved in some way you can touch – like written down as sheet music, in a MIDI file, or even on a recording. This "thing" you create can be anything from words and stories to pictures or even something for teaching! What copyright really protects is how you show your idea, not the idea itself. Think of it like thisit guards your unique expression. But, there are times when copyright doesn't apply, especially if it's something that's in the public's best interest, like fair use here 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.

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

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Reasons to Purchase this Report

We dig into the market with both qualitative and quantitative analysis, segmenting it based on everything from the economy to other less obvious factors. You'll get market value data (in USD Billion) for every segment and sub-segment, and we'll point out which region and segment we think will be the fastest-growing, and which will lead the pack. Our geographical analysis highlights product/service consumption, plus what's influencing the market in each region. We cover the competitive landscape too, including market rankings of the big players, new launches, partnerships, expansions, and acquisitions from the last five years. You'll find detailed company profiles with overviews, insights, product comparisons, and SWOT analysis for the major players. We give you our take on the current and future market outlook, considering recent developments like growth opportunities, drivers, challenges, and restraints in both emerging and developed regions. We also provide an in-depth look at the market using Porter's five forces analysis, and give you insight through a value chain analysis. Finally, we'll walk you through the market dynamics and growth opportunities coming down the pike, plus, you'll get 6 months of analyst support after the sale.

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