Global Traditional Music Market Size & Outlook, 2021-2028
Global traditional music market, 2017-2028 (US$M)
Related Markets
Global traditional music market highlights
- The global traditional music market generated a revenue of USD 12,261.7 million in 2021 and is expected to reach USD 31,527.6 million by 2028.
- The market is expected to grow at a CAGR (2022 - 2028) of 14.4% by 2028.
- In terms of segment, live music events accounted for a revenue of USD 7,974.4 million in 2021.
- Live Music Events is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2021.
- Country-wise, South Africa is expected to register the highest CAGR from 2022 to 2028.
Global data book summary
| Market revenue in 2021 | USD 12,261.7 million |
| Market revenue in 2028 | USD 31,527.6 million |
| Growth rate | 14.4% (CAGR from 2021 to 2028) |
| Largest segment | Live music events |
| Fastest growing segment | Live Music Events |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Live Music Events, Tangible Recording Formats |
Other key industry trends
- In terms of revenue, the North America accounted for 35.9% of the global traditional music market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2028.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 180.3 million by 2028.
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Traditional Music Market Scope
Traditional Music Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global traditional music market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to traditional music market will help companies and investors design strategic landscapes.
Live music events was the largest segment with a revenue share of 65.04% in 2021. Horizon Databook has segmented the Global traditional music market based on live music events, tangible recording formats covering the revenue growth of each sub-segment from 2017 to 2028.
- Global Traditional Music Type Outlook (Revenue, USD Million, 2017-2028)
- Live Music Events
- Tangible Recording Formats
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Target buyers of Global traditional music market databook
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Our clientele includes a mix of traditional music market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global traditional music market , including forecasts for subscribers. This global databook contains high-level insights into Global traditional music market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Global traditional music market size, by regions, 2017-2028 (US$M)
Top 10 countries: Traditional music market size, 2021 (US$M)
Global traditional music market share, by type, 2021 & 2028 (%, US$M)
Traditional music market: Opportunity assessment by country
Global traditional music market, by region, 2021 (US$M)
Related regional statistics
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