Market Overview:
The global digital music distribution service market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for digital music content and rising number of online users. In terms of type, the indirect distribution segment is expected to dominate the market during the forecast period, owing to its low cost and easy accessibility. By application, independent music producers are expected to hold a major share in the global digital music distribution service market during the forecast period as they account for a majority of new releases every year. Regionally, North America is projected to lead the global digital music distribution service market in terms of revenue contribution during 2018-2030.
Product Definition:
A digital music distribution service is a type of online music store that allows customers to purchase and download digital audio files. These services often offer a wide selection of songs, albums, and artist exclusives. Digital music distribution services are important because they allow customers to access and purchase legal digital audio files.
Indirect Distribution:
Indirect distribution is a system that allows the selling of products or services through multiple retailers. The music industry has been witnessing several changes over the past few years, with an increasing shift towards digital media. With growing consumer preference for online shopping and rapid growth in mobile devices, there has been a significant increase in sales of music digitally.
Direct Distribution:
Direct distribution is the process where content (in this case music) is directly sent from the content provider to the end-user without going through any middleman.
• As a service wherein a third party serves as an intermediary between artist, album or song and retailer.
Application Insights:
The independent music producers application segment accounted for the largest revenue share of over 40% in 2017. The segment is expected to witness significant growth during the forecast period as this service allows users to access tons of music tracks and albums from various genres and eras, along with lyrics and videos. This has led to an increase in demand among digital distribution services for independent musicians, which can be a costly affair. These companies provide a one-stop solution by enabling access to all these resources at nominal costs, thus leading to increased adoption among budding musicians globally.
The record companies application segment is expected register the fastest CAGR from 2018 to 2030 owing largely due on declining album sales across the globe coupled with increasing usage of streaming services such as Spotify and Apple Music among consumers globally.
Regional Analysis:
The North American region dominated the global market in terms of revenue share in 2017. The growth can be attributed to the presence of a large number of digital music distribution services providers such as Apple Inc.; Google LLC; and Microsoft Corporation. These companies are offering their services through various app stores, which has led to higher adoption rates among users. Moreover, these companies are investing heavily in content acquisition strategies for audio and video streaming on mobile devices, thereby driving industry growth over the forecast period.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising internet penetration rates coupled with increasing smartphone adoption rates across countries such as India and China. Furthermore, growing popularity of online music downloads due to lower pricing plans offered by direct distribution models is anticipated drive demand for global digital music distribution service providers over next eight years from 2018to 2030 time frame in this region.
Growth Factors:
- Increasing demand for digital music content: The increasing demand for digital music content is one of the major growth drivers for the global digital music distribution service market. This is because of the convenience and easy access that this type of content offers to users.
- Proliferation of smart devices: The proliferation of smart devices, such as smartphones and tablets, is another key factor driving the growth of the global digital music distribution service market. This is because these devices offer a convenient platform for users to access and consume digital music content.
- Rising trend of online streaming: The rising trend of online streaming is also contributing to the growth of the global Digital Music Distribution Service market as it allows users to stream their favorite songs or albums without having to download them first onto their device storage space or computer hard drive space. Additionally, this also eliminates any need for physical storage media such as CDs or DVDs, thereby freeing up more storage space on user devices while providing an easy means by which they can listen to their favorite tracks at any time and from anywhere they choose too!
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Music Distribution Service Market Research Report
By Type
Indirect Distribution, Direct Distribution
By Application
Independent Music Producers, Record Companies
By Companies
CD Baby (Disc Makers), Distrokid, ReverbNation, LANDR Audio, Believe, RouteNote, ONErpm, Ditto Music, FreshTunes, Musicinfo, Record Union, Spinnup (Universal Music Group), Kobalt, United Masters, Amuse, Octiive, Symphonic Distribution (Topple Track), iMusician Digital, The Orchard (SONY), Horus Music, Kanjian Music
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
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Digital Music Distribution Service Market Report Segments:
The global Digital Music Distribution Service market is segmented on the basis of:
Types
Indirect Distribution, Direct Distribution
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
Independent Music Producers, Record Companies
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:
- CD Baby (Disc Makers)
- Distrokid
- ReverbNation
- LANDR Audio
- Believe
- RouteNote
- ONErpm
- Ditto Music
- FreshTunes
- Musicinfo
- Record Union
- Spinnup (Universal Music Group)
- Kobalt
- United Masters
- Amuse
- Octiive
- Symphonic Distribution (Topple Track)
- iMusician Digital
- The Orchard (SONY)
- Horus Music
- Kanjian Music
Highlights of The Digital Music Distribution Service 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:
- Indirect Distribution
- Direct Distribution
- By Application:
- Independent Music Producers
- Record Companies
- 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 Music Distribution Service 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
- Market Entry Strategies
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- 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?
A digital music distribution service is a platform that allows users to purchase and download music online.
Some of the major companies in the digital music distribution service market are CD Baby (Disc Makers), Distrokid, ReverbNation, LANDR Audio, Believe, RouteNote, ONErpm, Ditto Music, FreshTunes, Musicinfo, Record Union, Spinnup (Universal Music Group), Kobalt, United Masters, Amuse, Octiive, Symphonic Distribution (Topple Track), iMusician Digital, The Orchard (SONY), Horus Music, Kanjian Music.
The digital music distribution service market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Music Distribution Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digital Music Distribution Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Music Distribution Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digital Music Distribution Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digital Music Distribution Service Market Size & Forecast, 2018-2028
4.5.1 Digital Music Distribution Service Market Size and Y-o-Y Growth
4.5.2 Digital Music Distribution Service Market Absolute $ Opportunity
Chapter 5 Global Digital Music Distribution Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Digital Music Distribution Service Market Size Forecast by Type
5.2.1 Indirect Distribution
5.2.2 Direct Distribution
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Digital Music Distribution Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Digital Music Distribution Service Market Size Forecast by Applications
6.2.1 Independent Music Producers
6.2.2 Record Companies
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Music Distribution Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Music Distribution Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Digital Music Distribution Service Analysis and Forecast
9.1 Introduction
9.2 North America Digital Music Distribution Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Digital Music Distribution Service Market Size Forecast by Type
9.6.1 Indirect Distribution
9.6.2 Direct Distribution
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Digital Music Distribution Service Market Size Forecast by Applications
9.10.1 Independent Music Producers
9.10.2 Record Companies
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Digital Music Distribution Service Analysis and Forecast
10.1 Introduction
10.2 Europe Digital Music Distribution Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Digital Music Distribution Service Market Size Forecast by Type
10.6.1 Indirect Distribution
10.6.2 Direct Distribution
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Digital Music Distribution Service Market Size Forecast by Applications
10.10.1 Independent Music Producers
10.10.2 Record Companies
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Digital Music Distribution Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Digital Music Distribution Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Digital Music Distribution Service Market Size Forecast by Type
11.6.1 Indirect Distribution
11.6.2 Direct Distribution
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Digital Music Distribution Service Market Size Forecast by Applications
11.10.1 Independent Music Producers
11.10.2 Record Companies
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Digital Music Distribution Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Digital Music Distribution Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Digital Music Distribution Service Market Size Forecast by Type
12.6.1 Indirect Distribution
12.6.2 Direct Distribution
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Digital Music Distribution Service Market Size Forecast by Applications
12.10.1 Independent Music Producers
12.10.2 Record Companies
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Digital Music Distribution Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Digital Music Distribution Service Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Digital Music Distribution Service Market Size Forecast by Type
13.6.1 Indirect Distribution
13.6.2 Direct Distribution
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Digital Music Distribution Service Market Size Forecast by Applications
13.10.1 Independent Music Producers
13.10.2 Record Companies
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Music Distribution Service Market: Competitive Dashboard
14.2 Global Digital Music Distribution Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CD Baby (Disc Makers)
14.3.2 Distrokid
14.3.3 ReverbNation
14.3.4 LANDR Audio
14.3.5 Believe
14.3.6 RouteNote
14.3.7 ONErpm
14.3.8 Ditto Music
14.3.9 FreshTunes
14.3.10 Musicinfo
14.3.11 Record Union
14.3.12 Spinnup (Universal Music Group)
14.3.13 Kobalt
14.3.14 United Masters
14.3.15 Amuse
14.3.16 Octiive
14.3.17 Symphonic Distribution (Topple Track)
14.3.18 iMusician Digital
14.3.19 The Orchard (SONY)
14.3.20 Horus Music
14.3.21 Kanjian Music
