(MENAFN- Comserve) New York, United States, Dec 30, 2020, 08:25 /Comserve / -- Some of the key industry leaders in the Middle East and Africa music market are Spotify AB, Warner Music Inc., Universal Music MENA, 264 CRU and Sony Music Entertainment Middle East.
Middle East and Africa (MEA) Music Market Analysis 2018-2027
Music is defined as sounds originated through voice or instruments (or both) in a soothing or enjoyable form with varied genres. Middle East and Africa music market includes the various sources from which the music industry players earn revenue. The Middle East and Africa music market is anticipated to record a CAGR of 16.5% over the forecast period, i.e. 2020-2027. Factors such as growing popularity of smart devices, expansion of services to different markets by key players along with factors such as shift towards the online music platforms, demand for audio mix series, trends for advanced music streaming service and availability of premium music service packs are anticipated to promote the growth of the Middle East and Africa (MEA) music market in the upcoming years.
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Further, the Middle East and Africa (MEA) music market is anticipated to attain an absolute $ opportunity of USD 498.73 million between the years 2018 and 2027 and register an incremental $ opportunity of USD 100.72 million in the year 2027 as compared to the previous year.
The Middle East and Africa music market consists of various segments that are segmented by revenue sources and by country. The revenue sources segment is further sub-divided into performance rights. add supported streams, physical media, downloads from digital platforms, subscription audio streams and others. Out of these add supported streams segment, which had a market value of USD 9.03 million in the year 2018 is anticipated to grow with the highest CAGR of 20.1% over the forecast period. Additionally, the performance rights segment is anticipated to grow with a modest CAGR of 17.7% during the forecast period.
Top Companies Included in this Study:
Some of the key industry leaders in the Middle East and Africa music market are Spotify AB, Warner Music Inc., Universal Music MENA, 264 CRU and Sony Music Entertainment Middle East.
"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."
Table of Content:
MEA Music Market
1. Introduction, Assumptions & Acronyms and Research Methodology
1.1. Market Definition
1.2. Market Segmentation
1.3. Product Overview
1.4. Variables (Dependent And Independent)
1.5. Multi Factor Based Sensitivity Model
2. Executive Summary- Middle East and North Africa Music Markets
3. Regulatory & Standards Landscape
4. Analysis Of Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunity
4.4. Trends
5. Middle East Music Market Outlook Till 2027
5.1. Market Size and Forecast, 2018-2027
5.1.1. By Value (USD Million)
5.2. Middle East Music Market Segmentation, 2018-2027
5.2.1. By Revenue Sources
5.2.1.1. Macro-Economic Factors
5.2.1.2. Performance Rights, 2018-2027f (USD Million)
5.2.1.3. Downloads From Digital Platforms, 2018-2027f (USD Million)
5.2.1.4. Add Supported Streams, 2018-2027f (USD Million)
5.2.1.5. Subscription Audio Streams, 2018-2027f (USD Million)
5.2.1.6. Physical Media, 2018-2027f (USD Million)
5.2.1.7. Others, 2018-2027f (USD Million)
5.2.2. By Country
5.2.2.1. Saudi Arabia Music Market, 2018-2027f (USD Million)
5.2.2.1.1. By Revenue Sources
5.2.2.1.1.1. Executive Summary
5.2.2.1.1.2. Performance Rights, 2018-2027f (USD Million)
5.2.2.1.1.3. Downloads From Digital Platforms, 2018-2027f (USD Million)
5.2.2.1.1.4. Add Supported Streams, 2018-2027f (USD Million)
5.2.2.1.1.5. Subscription Audio Streams, 2018-2027f (USD Million)
5.2.2.1.1.6. Physical Media, 2018-2027f (USD Million)
5.2.2.1.1.7. Others, 2018-2027f (USD Million)
5.2.2.3. South Africa Music Market, 2018-2027f (USD Million)
5.2.2.3.1. By Revenue Sources
5.2.2.3.1.1. Executive Summary
5.2.2.3.1.2. Performance Rights, 2018-2027f (USD Million)
5.2.2.3.1.3. Downloads From Digital Platforms, 2018-2027f (USD Million)
5.2.2.3.1.4. Add Supported Streams, 2018-2027f (USD Million)
5.2.2.3.1.5. Subscription Audio Streams, 2018-2027f (USD Million)
5.2.2.3.1.6. Physical Media, 2018-2027f (USD Million)
5.2.2.3.1.7. Others, 2018-2027f (USD Million)
6. Competitive Structure Of Companies In Music Market
6.1. Detailed Overview
6.2. Assessment of Key Product Offerings
6.3. Analysis of Growth Strategies
6.4. Exhaustive Analysis on Key Financial Indicators
6.5. SWOT Analysis
6.6. Company Profiles
6.6.1. Universal Music Mena
6.6.2. 264 Cru
6.6.3. Sony Music
6.6.4. Warner Music Group
6.6.4. Spotify AB
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