Product Code: ETC211716 | Publication Date: Jul 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 |
The India music publishing market import shipments experienced a declining trend with a CAGR of -7.1% from 2020 to 2024. The growth rate between 2023 and 2024 further decreased by -22.9%, indicating a significant contraction in market activity. This demonstrates a clear deceleration and slowdown in the market over the specified periods.
The India music publishing market is an important segment of the country`s music industry. Music publishing involves the acquisition, administration, and exploitation of musical compositions and lyrics. Music publishers play a crucial role in representing songwriters and composers, licensing their works for various uses, and collecting royalties on their behalf. With a rich musical heritage and a vibrant music culture, the demand for music publishing services in India has been growing, driven by the increasing popularity of India music globally and the rise of digital music platforms.
The growth of the India music publishing market is driven by several factors. Firstly, the increasing consumption of music across digital platforms, including streaming services and social media, has expanded the revenue opportunities for music publishers. Digital platforms offer a global audience reach, allowing India music to find a broader market internationally. Secondly, the rise of independent music and the emergence of new and diverse talents in the India music scene have created opportunities for music publishers to represent and promote original compositions. Additionally, the growing importance of synchronization licenses for films, advertisements, and digital content has contributed to the demand for music publishing services.
Despite its promising growth, the India music publishing market faces certain challenges. One significant challenge is the issue of copyright enforcement and piracy. Unauthorized distribution and sharing of music through illegal channels can lead to revenue loss for music publishers and creators. Ensuring effective copyright protection and licensing mechanisms is essential to address this challenge. Moreover, the complex and evolving landscape of digital music licensing and royalty collection poses challenges for music publishers in managing rights and revenue collection from various digital platforms.
The Covid-19 pandemic had both positive and negative impacts on the India music publishing market. During the pandemic, live music events and concerts faced cancellations and restrictions, affecting the revenue streams for artists and music publishers. However, the increased consumption of digital music through streaming platforms during lockdowns provided a silver lining for the music industry. Music publishers adapted to the changing circumstances by exploring virtual events and online promotions to engage with audiences. The pandemic also highlighted the importance of securing revenue from digital music platforms and the need for innovative licensing strategies.
The India music publishing market is served by several key players in the music industry. Companies such as Sony/ATV Music Publishing, Universal Music Publishing India, T-Series Publishing, and Saregama India Limited are among the prominent players in this sector. These companies represent a vast catalog of musical compositions and actively license music for various uses, including films, advertisements, streaming platforms, and digital content. Their role in promoting India music globally and supporting the interests of songwriters and composers is crucial to the growth and development of the music publishing market in India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Music Publishing Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Music Publishing Market Revenues & Volume, 2021 & 2031F |
3.3 India Music Publishing Market - Industry Life Cycle |
3.4 India Music Publishing Market - Porter's Five Forces |
3.5 India Music Publishing Market Revenues & Volume Share, By Royalties, 2021 & 2031F |
4 India Music Publishing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing internet and smartphone penetration in India, leading to higher consumption of digital music content. |
4.2.2 Growing popularity of music streaming platforms and online music subscriptions. |
4.2.3 Rising demand for regional and indie music content in India. |
4.3 Market Restraints |
4.3.1 Challenges related to copyright enforcement and piracy issues in the Indian music industry. |
4.3.2 Limited monetization opportunities for artists and music publishers due to low royalty rates. |
4.3.3 Fragmented nature of the Indian music publishing market leading to distribution challenges. |
5 India Music Publishing Market Trends |
6 India Music Publishing Market, By Types |
6.1 India Music Publishing Market, By Royalties |
6.1.1 Overview and Analysis |
6.1.2 India Music Publishing Market Revenues & Volume, By Royalties, 2021-2031F |
6.1.3 India Music Publishing Market Revenues & Volume, By Performance, 2021-2031F |
6.1.4 India Music Publishing Market Revenues & Volume, By Synchronization, 2021-2031F |
6.1.5 India Music Publishing Market Revenues & Volume, By Digital Revenue, 2021-2031F |
6.1.6 India Music Publishing Market Revenues & Volume, By Physical Revenue, 2021-2031F |
7 India Music Publishing Market Import-Export Trade Statistics |
7.1 India Music Publishing Market Export to Major Countries |
7.2 India Music Publishing Market Imports from Major Countries |
8 India Music Publishing Market Key Performance Indicators |
8.1 Average revenue per user (ARPU) for music streaming platforms in India. |
8.2 Growth in the number of monthly active users on music streaming services. |
8.3 Percentage increase in revenue generated from regional music content. |
8.4 Number of licensing agreements signed with artists and content creators. |
8.5 Rate of adoption of digital rights management (DRM) technologies by music publishers. |
9 India Music Publishing Market - Opportunity Assessment |
9.1 India Music Publishing Market Opportunity Assessment, By Royalties, 2021 & 2031F |
10 India Music Publishing Market - Competitive Landscape |
10.1 India Music Publishing Market Revenue Share, By Companies, 2024 |
10.2 India Music Publishing Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |