What is Music Publishing Administration Software Market Scope?
Music Publishing Administration Software is a solution for music publishers. It is used for administering, registering and licensing compositions and collecting publishing royalties from them on behalf of the songwriters that they represent. This software prevents the copyright of compositions to original creators as there is increasing thief of music compositions in the music industry. When someone streams, downloads, or otherwise uses music written by a person, he gets the royalty payments and public performance royalty. For instance, When someone streams an individual’s music on any music app such as Spotify, then he/she will get some amount as mechanical royalty.
Influencing Trend:
Trend to Recompose Super Hit Music Compositions
Market Growth Drivers:
Increasing Cases of Copyright Claims in Music Industry and Music Publishing Administration Software Being Platform Independent
Challenges:
Lack of Awareness about Music Publishing Administration Software
Restraints:
Technical Issues in Software and High Cost of Software
Opportunities:
Growing Number of Music Composition Worldwide and Increasing Adoption of Cloud-based Music Publishing Administration Software
The Music Publishing Administration Software market study is being classified by Type (Cloud Based and On Premise), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Players from united States will contribute to the maximum growth of Global Music Publishing Administration Software market throughout the predicted period.
Songtrust (United States), matijakolaric.com (Croatia), Songspace (United States), Vistex, Inc. (United States), ROBA Music Verlag GmbH (Germany), TuneRegistry, LLC (United States), SynchTank Ltd. (London) and Reprtoir (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are YourTempo.com (United States) and Golba Music (Poland).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Music Publishing Administration Software market by Type, Application and Region.
On the basis of geography, the market of Music Publishing Administration Software 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
In February, 2023 Music Licensing, Inc. (OTC:SONG), a leading music licensing and royalty management company, today announced its intention to explore the launch of a music distribution and publishing administration service. This new service will provide independent artists and music labels with a comprehensive solution for distributing and managing their music globally.
In May 2019, TuneCore updated Music Publishing Administration services. The new features include: faster song registration, an all-in-one solution for monitoring distribution and publishing, faster international royalty collection, and improved ‘splits’ process.
Key Target Audience
New Entrants, Investors, Analysts and Strategic Business Planners, Music Publishing Administration Software Providers, Cloud Service Providers, Venture Capitalists and Private Equity Firms and Government Regulatory
Music Publishing Administration Software Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
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 |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Music Publishing Administration Software Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Music Publishing Administration Software industry is examined with reference relevant market sectors and sub-sectors.
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.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.