What is Electronic Music Market Scope?
Electronic music features several genres that are heavily influenced by various electric driven instruments such as synthesizers, digital work stations, electric drums, and software. The style also influenced mainstream pop. Many vocalists lend their voices to disc jockeys or musicians who mastered the art of mixing several hi-tech gadgets. Usually played in bars and clubs, electronic music has captured a wide audience. From an underground sensation, it became a widely accepted field of interest. There are several types of electronic music are popular among the audience such as house techno, trance, chillout, dubstep, techno, and EDM, among others. There are a lot of subcategories or experimental trends for the latest innovation in music that began garnering a much larger fan base.
Electronic Music Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increased Number of Dance-Related Live Events Worldwide
- The Increasing Numbers of Clubs across the Globe
- The Rising Demand for the Electronic Music among the Millennial
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Influencing Trends | - Emerging Trend Is the Increasing Availability of both the Hardware and Software Needed To Create Electronic Music
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Restraints | - An Availability of Other Music Genres
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Road Blocks / Challenges | - Many Live Events & Festivals Postponed Due to Corona Virus Outbreak
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Gaps & Opportunities | - Surging Interest from New Regions like Asia and South America
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The Electronic Music market study is being classified by Type (Electronica, Trance, House, Techno, Disco, Drum and Bass and Others {Jungle, Garage, Dubstep, Electro, Kuduro, Hardcore, IDM, Ambient, Experimental}), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from United Kingdom will contribute to the maximum growth of Global Electronic Music market throughout the predicted period.
Spinnin' Records (Netherlands), Mad Decent (United States), Ultra Music (United States), Armada Music (Netherlands), OWSLA (United States), Monstercat (Canada), Ministry of Sound (India), Revealed Recordings (Netherlands), Dim Mak (United States) and Defected (United Kingdom) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are XL Recordings (United Kingdom), Domino Records (United Kingdom), Interscope Geffen A&M (United States), Future Classic (Australia) and Ninja Tune (United Kingdom).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Electronic Music market by Type, Application and Region.
On the basis of geography, the market of Electronic Music has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
On 8 Sept 2017, Warner Music Group has officially acquired Spinnin’ Records for a deal worth approximately USD 100 Million. This will be one of the largest acquisitions in the modern day music industry.
From 1 Aug 2019 Sony Music Entertainment and Sony/ATV Music Publishing started performing as one unit under Sony Music Group. The purpose of their new venture was to strengthen and solidify Sony’s position as a leader in the music industry. Since the merger was announced, Sony has ventured into a series of acquisitions of three different companies along with a joint venture in India that insinuate their will to become the leading global music label.
Key Target Audience
Electronic Music Hardware Manufacturers, Electronic Music Software Developers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
Electronic Music Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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