Market Overview:
The global digital albums market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for digital albums across different regions, owing to various factors such as technological advancements, rising disposable income and changing lifestyle trends. In terms of type, the English album segment is expected to hold a major share in the global digital albums market during the forecast period. However, Chinese album segment is projected to grow at a highest CAGR over the forecast period due in part to increasing adoption of smartphones and tablets among consumers in China. In terms of application, woman segment is anticipated witness highest growth rate over next few years followed by man and children segments respectively owing growing trend among women towards using technology for preserving memories.
Product Definition:
A digital album is an electronic collection of music files, typically songs, which can be listened to on a computer or portable audio player. The term usually refers to albums released in MP3 format, rather than CD or vinyl.
English Albums:
The English Albums, also known as the British albums market, is a segment of the global Digital Albums market. It covers releases that are generally found in England and Wales. The growth factor for this market is different from other album markets around the world because it's not driven by unit sales but by streaming & downloads.
This makes it very different from other markets which are based on selling units (CD/DVD/ Vinyl etc).
Chinese Albums:
The chinese albums are the traditional bound collections of pictures that were used for spreading information in the former Imperial China (1644-1912). They consist of four volumes, with each volume containing numerous folios. The first two volumes contain primarily administrative documents such as governmental decrees and edicts; while the second two volumes contain a mixture of paintings, calligraphy, poetry anthologies and other miscellaneous items.
Application Insights:
The others application segment held the largest share of more than 50.0% in 2017. This is attributed to the rising adoption of DADB for various applications such as weddings, corporate events, and family gatherings among other events with no specific theme or genre. Moreover, this album concept has gained popularity among bands and solo artists to promote their work across all age groups which is a key factor driving the global market growth over the forecast period.
The children application segment is expected to witness significant growth over the forecast period owing to its rising use by parents for recording milestones such as a baby¢â‚¬â„¢s first steps and words spoken & sung along with nursery rhymes on digital media files stored on an online server accessible by parents from any device with an internet connection at anytime anywhere they are located around world via web browsers installed on respective devices running Android OS 4.1+ or iOS 9+.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to factors such as a rise in online music streaming and digital downloads. Furthermore, rising popularity of various musical genres across U.S., Canada, and Mexico is anticipated to fuel demand for different types of albums over the next eight years.
Asia Pacific is expected to be one of fastest-growing regional markets from 2018 to 2030 due to increasing number of album sales across countries such as China, Japan, India among others. Rising popularity of Chinese traditional music along with other Asian popular music forms including Indian classical songs will drive growth in Asia Pacific region during the forecast period (2018-2030). Moreover it has been observed that young generation especially millennials are more open towards western popular music than their parents which will expand market scope further (for instance; hip hop/rap/trap etc.).
Growth Factors:
- Increased demand for digital content: as the world becomes more digitized, there is an increased demand for digital content, including music. This is driving growth in the digital albums market.
- Increased use of streaming services: streaming services are becoming increasingly popular, and this is benefiting the digital albums market. Streaming allows users to listen to a wide range of music without having to purchase individual songs or albums.
- Proliferation of mobile devices: with more people using mobile devices such as smartphones and tablets, there is greater demand for portable music listening options, such as digital albums.
- Shift from physical media to downloads/streaming: due to technological advancements and changes in consumer behavior, there has been a shift away from physical media (such as CDs) towards downloads and streaming services for consuming music content digitally. This trend is benefiting the growth of the digital albums market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Albums Market Research Report
By Type
English Albums, Chinese Albums, French Albums, Spanish Albums, Russian Albums, German Albums, Portuguese Albums, Italian Albums, Others
By Application
Woman, Man, Children, Others
By Companies
Spotify, Deezer, Apple, iHeartMedia, Pandora, Gaana, Hungama, Mixcloud, Napster, NetEase, Tencent
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Digital Albums Market Report Segments:
The global Digital Albums market is segmented on the basis of:
Types
English Albums, Chinese Albums, French Albums, Spanish Albums, Russian Albums, German Albums, Portuguese Albums, Italian Albums, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Woman, Man, Children, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Spotify
- Deezer
- Apple
- iHeartMedia
- Pandora
- Gaana
- Hungama
- Mixcloud
- Napster
- NetEase
- Tencent
Highlights of The Digital Albums Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- English Albums
- Chinese Albums
- French Albums
- Spanish Albums
- Russian Albums
- German Albums
- Portuguese Albums
- Italian Albums
- Others
- By Application:
- Woman
- Man
- Children
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Albums Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Digital Albums are a way for artists to sell their music online, without having to give up any rights. When you buy a digital album, you're buying the entire album, not just individual tracks.
Some of the major companies in the digital albums market are Spotify, Deezer, Apple, iHeartMedia, Pandora, Gaana, Hungama, Mixcloud, Napster, NetEase, Tencent.
The digital albums market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Digital Albums Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Digital Albums Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Digital Albums Market - Supply Chain
4.5. Global Digital Albums Market Forecast
4.5.1. Digital Albums Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Digital Albums Market Size (000 Units) and Y-o-Y Growth
4.5.3. Digital Albums Market Absolute $ Opportunity
5. Global Digital Albums Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Digital Albums Market Size and Volume Forecast by Type
5.3.1. English Albums
5.3.2. Chinese Albums
5.3.3. French Albums
5.3.4. Spanish Albums
5.3.5. Russian Albums
5.3.6. German Albums
5.3.7. Portuguese Albums
5.3.8. Italian Albums
5.3.9. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Digital Albums Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Digital Albums Market Size and Volume Forecast by Application
6.3.1. Woman
6.3.2. Man
6.3.3. Children
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Digital Albums Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Digital Albums Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Digital Albums Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Digital Albums Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Digital Albums Demand Share Forecast, 2019-2026
9. North America Digital Albums Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Digital Albums Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Digital Albums Market Size and Volume Forecast by Application
9.4.1. Woman
9.4.2. Man
9.4.3. Children
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Digital Albums Market Size and Volume Forecast by Type
9.7.1. English Albums
9.7.2. Chinese Albums
9.7.3. French Albums
9.7.4. Spanish Albums
9.7.5. Russian Albums
9.7.6. German Albums
9.7.7. Portuguese Albums
9.7.8. Italian Albums
9.7.9. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Digital Albums Demand Share Forecast, 2019-2026
10. Latin America Digital Albums Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Digital Albums Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Digital Albums Market Size and Volume Forecast by Application
10.4.1. Woman
10.4.2. Man
10.4.3. Children
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Digital Albums Market Size and Volume Forecast by Type
10.7.1. English Albums
10.7.2. Chinese Albums
10.7.3. French Albums
10.7.4. Spanish Albums
10.7.5. Russian Albums
10.7.6. German Albums
10.7.7. Portuguese Albums
10.7.8. Italian Albums
10.7.9. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Digital Albums Demand Share Forecast, 2019-2026
11. Europe Digital Albums Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Digital Albums Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Digital Albums Market Size and Volume Forecast by Application
11.4.1. Woman
11.4.2. Man
11.4.3. Children
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Digital Albums Market Size and Volume Forecast by Type
11.7.1. English Albums
11.7.2. Chinese Albums
11.7.3. French Albums
11.7.4. Spanish Albums
11.7.5. Russian Albums
11.7.6. German Albums
11.7.7. Potuguese Albums
11.7.8. Italian Albums
11.7.9. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Digital Albums Demand Share, 2019-2026
12. Asia Pacific Digital Albums Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Digital Albums Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Digital Albums Market Size and Volume Forecast by Application
12.4.1. Woman
12.4.2. Man
12.4.3. Children
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Digital Albums Market Size and Volume Forecast by Type
12.7.1. English Albums
12.7.2. Chinese Albums
12.7.3. French Albums
12.7.4. Spanish Albums
12.7.5. Russian Albums
12.7.6. German Albums
12.7.7. Portuguese Albums
12.7.8. Italian Albums
12.7.9. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Digital Albums Demand Share, 2019-2026
13. Middle East & Africa Digital Albums Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Digital Albums Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Digital Albums Market Size and Volume Forecast by Application
13.4.1. Woman
13.4.2. Man
13.4.3. Children
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Digital Albums Market Size and Volume Forecast by Type
13.7.1. English Albums
13.7.2. Chinese Albums
13.7.3. French Albums
13.7.4. Spanish Albums
13.7.5. Russian Albums
13.7.6. German Albums
13.7.7. Portuguese Albums
13.7.8. Italian Albums
13.7.9. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Digital Albums Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Digital Albums Market: Market Share Analysis
14.2. Digital Albums Distributors and Customers
14.3. Digital Albums Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Spotify
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Deezer
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Apple
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. iHeartMedia
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Pandora
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Gaana
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hungama
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mixcloud
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Napster
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. NetEase
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Tencent
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
