Middle East and Africa Music Market 2022: Global Industry Analysis by Top Countries Data with Size, Share, Segments, Drivers and Growth Insights to 2031

 Kenneth Research, in its repository of market research reports, have recently added a report on Middle East and Africa Music Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Middle East and Africa Music Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Middle East and Africa Music Market products.

Download Sample of This Strategic Report-:https://www.kennethresearch.com/sample-request-10307058

According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Middle East and Africa (MEA) Music Market Analysis – 2018-2027
Music is defined as sounds originated through voice or instruments (or both) in a soothing or enjoyable form with varied genres. Middle East and Africa music market includes the various sources from which the music industry players earn revenue. The Middle East and Africa music market is anticipated to record a CAGR of 16.5% over the forecast period, i.e. 2020-2027.

Request Free Sample Copy :-https://www.kennethresearch.com/sample-request-10307058

Factors such as growing popularity of smart devices, expansion of services to different markets by key players along with factors such as shift towards the online music platforms, demand for audio mix series, trends for advanced music streaming service and availability of premium music service packs are anticipated to promote the growth of the Middle East and Africa (MEA) music market in the upcoming years. Further, the Middle East and Africa (MEA) music market is anticipated to attain an absolute $ opportunity of USD 498.73 million between the years 2018 and 2027 and register an incremental $ opportunity of USD 100.72 million in the year 2027 as compared to the previous year.

The Middle East and Africa music market consists of various segments that are segmented by revenue sources and by country. The revenue sources segment is further sub-divided into performance rights. add supported streams, physical media, downloads from digital platforms, subscription audio streams and others. Out of these add supported streams segment, which had a market value of USD 9.03 million in the year 2018 is anticipated to grow with the highest CAGR of 20.1% over the forecast period. Additionally, the performance rights segment is anticipated to grow with a modest CAGR of 17.7% during the forecast period.

Download Sample of This Strategic Report-:https://www.kennethresearch.com/sample-request-10307058

Some of the key industry leaders in the Middle East and Africa music market are Spotify AB, Warner Music Inc., Universal Music MENA, 264 CRU and Sony Music Entertainment Middle East.

About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
Contact Us

Kenneth Research

Email : Sales@kennethresearch.com

Phone: +1 313 462 0609

Comments

Post a Comment

Popular posts from this blog

Hormone Replacement Therapy (HRT) Market 2021, Top Leading Countries, Companies, Consumption, Drivers, Trends, Forces Analysis, Revenue, Challenges and Global Forecast 2025

REPORT HIGHLIGHT The Hormone Replacement Therapy (HRT) market is estimated to represent a global market of USD 15.8 billion by 2017 with growth rate of 7.5%. Market Dynamics Menopause is a natural and inevitable event, defined as the final menstrual period. It requires a retrospective clinical diagnosis with ethnic and regional variations. Hormone replacement therapies (HRT) such as systemic estrogen (skin patch, gel, or cream) are considered to be the most effective treatment option in the treatment of menopausal night sweats and hot flashes. These therapies also ease vaginal symptoms of menopause such as itching, burning, and dryness. Due to this fact, women undergoing these therapies has increased considerably over the past few years. Download  Sample of This Strategic Report- https://www.kennethresearch.com/sample-request-10293918 As per the Rose Research Survey (April 2014), women accepting HT therapy has increased considerably, from 4.5 million in 2005 to around 5.0 million in 2
Read more

FOG Computing Market Size, Share, Trends 2022 Global Industry Key Strategies, Growth, Top Manufacturers, Application, Technology, and Opportunities Forecast to 2031

  Kenneth Research, in its repository of market research reports, have recently added a report on  FOG Computing Market  which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a
Read more

Poultry Diagnostics Market 2021 Size with Global Demand Analysis and Business Opportunities Outlook 2025

REPORT HIGHLIGHT The Poultry Diagnostics market is estimated to represent a global market of USD 356.9 million by 2017 with growth rate of 8.3%. Market Dynamics Poultry disease outbreak is the prime factor responsible for significant growth of the poultry diagnostics market . For instance, the World Organisation for Animal Health (OIE)’s data stated that in July 2017, Vietnam reported the outbreak of highly pathogenic bird flu H5N1 strains. As per this data, the virus has affected more than 1,140 birds and has killed 300 birds. Moreover, recently in June 2017, an outbreak of H5N8 influenza virus was observed. These outbreaks have created steep demand for diagnostic services across the globe. Download  Sample of This Strategic Report- https://www.kennethresearch.com/sample-request-10293913 Thereby, companies and private organizations are actively engaged in developing effective solutions to cure poultry diseases. For instance, MediLabSecure, a laboratory network project, was established
Read more