Music Copyright Market Size to Surpass $9.40 Billion by 2033, Smart Insights

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The size of the worldwide music copyright market is projected to grow from $7 billion to $9.40 billion in 10 years. The market will experience rapid growth due to the globalization of Music during the forecast period.

Newark, May 21, 2024 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the global music copyright market of $7 billion in 2023 will reach $9.40 billion in 2033. The legal process of obtaining rights to musical compositions and recordings that gives creators exclusive ownership of their creations is known as music copyright. It is essential to maintain equal compensation for artists, encourage creativity and protect intellectual property. Musicians can protect their works from unauthorized use and exploitation and preserve the integrity and value of their work by obtaining copyright protection. Music may be copyrighted for several reasons, including licensing, distribution, and performance. Copyright holders grant permission for their Music to be used in films, television shows, advertisements and other media in exchange for payment through licensing agreements. Copyrighted music can be distributed to listeners around the world through digital downloads, tangible media, and streaming services.

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The Scope of the Music Copyright Market

Report coverage

The details

CAGR

3% from 2024 to 2033

Market size in 2023

7 billion dollars

Market size by 2033

9.40 billion dollars

The biggest market

North America

Base year

2023

Forecast year

2024 to 2033

Historic year

2020-2022

Segments covered

by Product, End User, Regions

Regions covered

North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa

To maintain control over the use and representation of their work, creators may pursue legal action against persons or organizations that infringe their copyright. Music copyrights encourage continued creativity by providing creators with financial benefits through royalties, licensing fees, and other revenue streams. Music creators, broadcasters, performers, film makers and advertisers are among the people who use Copyrighted Music.

Key Insights of the Global Music Copyright Market

North America will dominate the market during the forecast period.

Major publishing houses, record labels, and performing rights organizations are located in the area, and they laid the foundations for contemporary music copyright. The region’s supremacy is attributed to its large and affluent consumer market and high levels of music consumption. In addition, the region’s well-established legal and regulatory structures strongly protect intellectual property and creators’ rights. North America leads the world in music copyright protection due to its large market, developed legal system and strong industry infrastructure.

In 2023, the royalty-free segment dominated the market, with a market share of 62% and revenues of ALL 4.34 billion.

The product segment is divided into free and rights managed. In 2023, the royalty-free segment dominated the market, with a market share of 62% and revenues of ALL 4.34 billion.

In 2023, the record label segment dominated the market with the largest market share of 68% and revenues of 4.76 billion ALL.

The end-user segment is divided into record companies and personal musicians. In 2023, the record label segment dominated the market with the largest market share of 68% and revenues of 4.76 billion ALL.

Advancement in the market

The unapproved use of intellectual property to train AI models is a topic of current legislative discussions in several countries. The Indian government has taken a firm stance, stating that AI developers must obtain permission if they want to use copyrighted content for commercial purposes. Minister of State for Commerce and Industry Som Parkash responded to questions from members of the upper house of the Indian Parliament by stating that the country’s intellectual property laws already cover advances in artificial intelligence and the use of copyrighted material to trained AI, so there is no need to update them to accommodate the technology.

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Market Dynamics

Driver: Strict legal requirements.

The market is growing due to legal and regulatory obligations, such as laws, treaties and regulations governing copyright ownership, licensing and enforcement. The ease with which Music can now be shared and accessed globally due to digitization increases the likelihood of copyright infringement. Strict copyright regulations give artists the legal ability to protect their creations. International treaties also establish minimum requirements for copyright protection, promoting international cooperation in the enforcement of copyright laws. Proliferation of online distribution channels requires compliance with legal and regulatory regulations to prevent fines and other legal consequences. There is a growing need for music copyright protection services due to greater awareness and compliance with copyright regulations. A creator’s ability to maximize income and sustain their livelihood depends on compliance with legal and regulatory regulations. Creators can optimize their income and maintain their livelihood while adhering to legal and regulatory obligations. As a result, the legal and regulatory framework surrounding music copyright drives market expansion and growth.

Limitations: The complex process of making music involves many actors.

Complicated terms and conditions when drafting contracts result from the complex nature of creative collaboration and the involvement of different parties in the music-making process, which in turn leads to complex ownership. Ownership rights conflicts often arise from collaborative efforts involving composers, songwriters, performers, and producers. These difficulties increase administrative burdens, legal fees and the risk of lawsuits, while limiting the effectiveness and scalability of Music copyright companies. Consequently, market expansion will be hindered by the complexity of contract drafting, given the complexity of the creative process.

Opportunities: The rapidly growing digital age.

Music is now more freely distributed and available with the growth of digital platforms and online distribution methods, which increases the potential for copyright infringement. As artists look for ways to secure their intellectual property rights and get paid fairly for their work, this trend has increased the demand for Music copyright services. The globalization of the music industry has increased artists’ exposure to a wider range of consumers worldwide, but has also created new difficulties for international copyright enforcement. Music copyright protection services are essential to help musicians navigate global copyright regulations and protect their work against unauthorized use anywhere in the world. The proliferation of content creation channels has further increased the demand for music copyright services due to the growth of content creation platforms. Hence, the demand for Music copyright services is increasing, which bodes well for the growth of the market throughout the forecast period. Other factors contributing to this demand include the digitization of Music, the globalization of the industry, and the expansion of content generation and consumption.

Challenges: Lack of standardized laws and regulations.

The globalization of the music industry presents cross-border issues that complicate law enforcement efforts. Copyright laws vary between countries, presenting challenges for creators seeking to protect their rights internationally. Differences in legal frameworks, enforcement mechanisms and cultural attitudes towards copyright create a complex landscape. Therefore, lack of standardized laws and regulations will challenge market growth in a globalized era.

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Some of the major players operating in the global music copyright market are:

BMG Rights Management
Capitol Music Group
Concord Music Group
Downtown Music Holdings
Kobalt Music Group
Environmental management of the reservoir
Round Hill Music
Sony Music Entertainment
Universal Music Group
Warner Music Group

Main segments covered in the market:

According to the product

Royalty Free
Rights managed

By End User

Registration companies
Personal Musicians

By region

North America (USA, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (China, Japan, India, Rest of APAC)
South America (Brazil and the rest of South America)
Middle East and Africa (UAE, South Africa, Rest of MEA)

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About the report:

The market is analyzed on the basis of value (Billion USD). All segments are analyzed on a global, regional and local basis. The study includes the analysis of more than 30 countries for each part. The report analyzes the driving factors, opportunities, restraints and challenges to gain a critical insight of the market. The study includes Porter’s five forces model, attractiveness analysis, product analysis, supply and demand analysis, competitive position network analysis, distribution and marketing channel analysis.

About The Brainy Insights:

Brainy Insights is a market research company that provides actionable insights through data analytics for companies to improve their business acumen. They have a powerful forecasting and estimation model to meet the client’s objectives for high quality production within a short period. They offer customized (customer specific) and syndicated reports. Their repository of syndicated reports is diverse across all categories and sub-categories across domains. Their customized solutions meet the client’s requirements whether they are looking to expand or plan to launch a new product in the global market.

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