With a 2024 valuation of USD 6.4 billion, the global music publishing market is anticipated to grow at a compound annual growth rate (CAGR) of 8.8%. The market is expanding at a large rate because to the expanding global music industry, the rise in live events and music festivals, as well as the global increase in internet and song penetration.

The licensing, marketing, and management of musical works are all part of the music publishing industry. preserving songwriters' and composers' intellectual property rights, arranging licensing agreements, and collecting royalties. Demand is being driven globally by music's growing appeal as a form of entertainment.

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Growth Drivers

Music's reach has increased due to the move to digital media, which enable publishers to spread their work worldwide through digital licensing agreements, streaming services, and online retailers. The market has grown significantly as a result of the emergence of subscription-based streaming services like Apple Music, Spotify, and Amazon. The demand for music has been fueled by the growing use of smartphones and the expansion of the internet.

Because they frequently demand license agreements for the use of copyrighted music, concerts, festivals, and live events continue to be profitable revenue streams for music publishers. Innovative revenue-sharing methods and the creation of new markets and opportunities are the results of partnerships between music publishers, artists, and other industry participants.

Segmentation

By Product

·         Performance

·         Digital

·         Synchronization

·         Mechanical

By Application

·         Commercial

·         Commonweal

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Key Players

·         Sony Music Publishing LLC

·         Universal Music Publishing Group

·         Kobalt Music Group

·         BMG Rights Mgmt.

·         Warner/Chappell Music Inc

·         Peer Music

·         Pulse Music Group

·         Downtown Music Services

·         Round Hill Music

·         Other Players

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