Feel The Beat With Your Own Skin – The Future Of Audio?
Wearable technology such as gloves and jackets are being used by artists during live performances. Wearable technologies are accessories such as clothing, headgear and gloves etc. These devices are self-equipped to connect with machines without human intervention. Devices such as Sound Brenner Pulse help performers stick to a rhythm. This is also equipped with exercises to enhance artists’ rhythm, speed, accuracy and endurance. Other technology variants such as Drumpants, MI.MU are also widely used in the music recording industry.
MUSIC RECORDING MARKET TO GROW TO $86 BILLION BY 2020 ACCORDING TO THE BUSINESS RESEARCH COMPANY.
The Business Research Company expects the music recording market to grow to $86 billion in 2020. Europe was the largest region in the music recording market in 2016, accounting for one-third of the market. This was due to high disposable income and access to music through mobile applications in most of the countries in this region.
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The chart below shows the year-on-year growth of the global music recording market during 2016 - 2020.
According to The Business Research Company’s Media Consultant, Ramesh Yelugoila, accessing to music on mobile platforms has increased significantly in recent years and is expected to grow in the future too. The increase in internet use and growth in smart phones and tablets are the primary reasons for this trend. As per a study by CISCO, mobile video viewing was responsible for 55% of total mobile data traffic in 2014 and is expected to increase by nearly 15-fold in the forecast period. By the end of 2019, 72% of mobile traffic will be video content. Thus increases in the demand for more music video content will have a positive effect on the market during the forecast period.
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Universal Music Group was the largest company in the music recording market with
Music recording or audio recording involves capturing audio signals onto storage devices either analog or digital.
The music recording industry comprises of establishments primarily engaged in producing and distributing musical recordings, in publishing music, or in providing sound recordings and related services. Types of establishments in this industry are –
Record Production Establishments are primarily engaged in audio record production. These establishments have contracts with artists for the production of original master recordings.
Music Publishing Establishments primarily engage in acquiring and registering copyrights for musical compositions in accordance with the law. They also engage in promoting and authorizing the use of these compositions.
Integrated Record Production/Distribution Establishments engage in releasing, promoting and distributing sound recordings. They manufacture or arrange for the manufacture of recordings such as audio tapes/cassettes and CDs (Compact Discs) and promote and distribute these products to wholesalers, retailers, or directly to the public.
Music Recording Studios –primarily engage in providing facilities and technical expertise for music recording in a studio. These establishments may provide audio services for film, television, and video productions.
Other Music Recording Industries engage in providing services such as the audio recording of meetings and conferences.
Music Recording Global Market Briefing is a detailed report giving a unique insight into this market. The report is priced at $750 for an individual user. To use across your office the price is $1000 and $1350 if you wish to use across a multinational company.
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