Music Licensing Solution Market worth USD 890.8 million by 2033

The Market Statsville Group (MSG) publishes the new report on the "Music Licensing Solution Market by Type, by Application (Movie/Album, Television, Commercial Video, and Others), By Region – Global Share and Forecast to 2033

According to the Market Statsville Group (MSG), the global Music Licensing Solution market size is expected to grow at a CAGR of 6.1% from 2023 to 2033.

Investing in music royalties provides the opportunity a fandom in a way that has the potential to meaningfully impact the investment portfolio while simultaneously supporting the favorite artists. Many investors don’t know that they can directly invest in the artists and the music they love. And when they look at the growth of the music royalty business, it’s easy to understand why even non-music lovers would want to get involved. The music royalty business represented a significant for a decade and It has been rapidly expanding since the streaming era took hold in 2015 and shows no signs of slowing down. The explosive growth in streaming services from platforms such as Spotify, Apple, and Amazon, as well as other digital platforms such as YouTube and Facebook, is expected to further drive stable and predictable music IP monetization. Music royalties have near-zero correlation to other financial markets, meaning the royalty streams are largely independent of overall market volatility. This can be a great way to hedge the cyclical risk inherent in most other business sectors. Multiples for music royalties have been increasing significantly, with large catalogs trading above 15x cash flow and even above 20x cash flow in certain cases. This is a function of growth expectations driven in large part by increasing accessibility to music content through digital service providers. It also reflects the demand for yield in what has otherwise been a low-interest rate environment. Long-lived copyrights, particularly on music publishing, create an enduring asset that will generate cash flow for the rights holder in near perpetuity.

Global Music Licensing Solution Market Segmentation

The overall music licensing solution market has been segmented into type, application, and region.

• By Product (Royalty Free License, Synchronization License, Public Communication License, Master License, and Others)
• By Application (Movie, Television, Commercial Video, and Others)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Movie/album segment is projected to witness the highest market share

By application, segments are divided into parts such as movie/album, television, commercial video, and others. Movie/album segment is expected to dominate the market share in 2022. The concept of music licensing is finding favor globally, and owing to its all-encompassing benefits, the segment is likely to grow exponentially in the coming years. By utilizing the various styles and personas associated with the music-on-music licensing platform, the filmmaker can actually have music that fits their narrative well. Crucially though, these filmmakers need a different kind of license to ensure that the music used in their films conforms with regulations for their creation to be approved for use on OTT platforms.

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The Asia Pacific accounts for the highest CAGR during the forecast period

Over the forecast period, the Asia Pacific market is expected to grow rapidly. The demand for music licensing solutions in the Asia Pacific region has been growing in recent years, driven by the increasing popularity of digital music streaming and the need for music rights management. As more people use digital platforms to listen to music, there is a growing need for music licensing solutions that can help rights owners and music users manage their music rights and royalties. Additionally, with the rise of music streaming services, there is a growing need for music licensing solutions that can help rights owners and music users navigate the complex music licensing landscape. In the Asia Pacific region, countries such as Japan, South Korea, and Australia have seen a significant growth in demand for music licensing solutions, driven by the growing popularity of music streaming and the need for music rights management. This trend is expected to continue in the coming years, as more people adopt digital music platforms and the need for effective music licensing solutions grows.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the music licensing solution market. It also consists of the profiles of leading companies such as  Music Vine, Audioio, Filmstro, Artlist, Marmoset, Soundstripe, Epidemic Sound, Lickd, Jukeboxy, Songclip, Custom Channels, Tuned Global, Halidon, Feed.fm, RTI Control, Vistex, Jamendo, ESMAA, TuneLicensing, Songtradr, Amurco, TuneBud, Soundscape.io, SongDivision, Blòkur, Music Reports, OneMusic, and Cheer Canada. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.

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Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

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