Global Music Publishing Market Set to Reach $10.58 Billion by 2030, Driven by Digital Streaming and Licensing Growth

The global music publishing market size is experiencing a significant transformation, with projections indicating a rise from USD 7.07 billion in 2023 to USD 10.58 billion by 2030. This growth is propelled by a Compound Annual Growth Rate (CAGR) of 5.92%, fueled by the surge in digital streaming platforms, evolving licensing models, and increased demand for music content across various digital mediums. ​

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Competitive Landscape: Dominance of Major Players

The music publishing industry is characterized by the presence of key players such as Sony/ATV Music Publishing LLC, Universal Music Publishing Group, Warner/Chappell Music Inc., BMG Rights Management, and Kobalt Music Publishing. These entities are leveraging strategic partnerships, acquisitions, and technological advancements to consolidate their market positions and expand their global footprints. ​

Regional Demand: North America Leads, Asia-Pacific Emerges

North America maintained the largest market share in 2023, attributed to the rapid adoption of digital music distribution and the presence of significant industry players. The region's music publishing sector generated revenue of USD 3.76 billion, with performance rights accounting for 52.30% of the total. ​Meanwhile, the Asia-Pacific region is witnessing accelerated growth, driven by increasing internet penetration, smartphone usage, and a burgeoning middle class with a growing appetite for digital content. Countries like China, Japan, and South Korea are at the forefront of this expansion.​

Country-Specific Developments

Vietnam: Opportunities in Digital Licensing

Vietnam's music publishing market is poised for growth, supported by a young, tech-savvy population and increasing smartphone penetration. The government's initiatives to strengthen intellectual property rights are attracting foreign investments and encouraging local content creation.​

Thailand: Growth in Streaming Services

Thailand is experiencing a surge in music streaming services, leading to increased demand for licensed content. Local publishers are collaborating with international players to expand their catalogs and reach wider audiences.​

Japan: Trends in Synchronization Licensing

Japan's mature music market is seeing a shift towards synchronization licensing, with publishers capitalizing on opportunities in anime, gaming, and advertising sectors. This trend is enhancing revenue streams and promoting cross-industry collaborations.​

South Korea: Consolidation through Strategic Partnerships

South Korea's dynamic music industry is marked by strategic partnerships between publishers and entertainment companies. These alliances are facilitating the global distribution of K-pop and other genres, amplifying the country's cultural export.​

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Singapore: Updation of Copyright Laws

Singapore is updating its copyright laws to align with international standards, fostering a conducive environment for music publishers. These legal reforms are expected to attract global players and stimulate local content development.​

United States: Opportunities in Emerging Platforms

The U.S. remains a leader in music publishing, with publishers exploring opportunities in emerging platforms like TikTok and Peloton. Recent licensing agreements are opening new revenue channels and expanding audience reach.​

China: Growth Driven by Digital Consumption

China's music publishing market is expanding rapidly, driven by the proliferation of digital platforms and increasing consumer willingness to pay for content. Government support for intellectual property rights is further bolstering the industry's growth

Europe: Trends in Mergers and Acquisitions

Europe is witnessing significant consolidation in the music publishing sector. Notably, the European Commission is investigating Universal Music Group's proposed $775 million acquisition of Downtown Music, citing potential competition concerns in several member states.

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