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Global recorded music forecasts 2017-21 - Venture Insights

Report Overview

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Global recorded music forecasts 2017-21

PublisherEnders Analysis.
Publish Date September 15, 2017
Sector Media, Music and Radio, Technology.
Company Amazon, Apple, Google, Sony, Spotify, Vivendi, YouTube.

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For the second consecutive year, the global recorded music industry body IFPI reported rising trade revenues, growing 5.9% to reach $15.6 billion in 2016

Our forecasts supplement IFPI’s trade revenue data with richer national-level consumer expenditure data from local bodies in core markets, and project CAGR of 2.3% to 2021, tapering off as streaming approaches maturity

This fairly modest topline growth for global recorded music streaming trade revenues is the product of our judgement that the marketplace remains awash with free music. Streaming trade revenue growth could be higher still if the industry finds a solution to piracy through technological or regulatory means, obviating the need for the ad-funded compromise