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The music market size is forecast to increase by USD 70.02 billion at a CAGR of 12.57% between 2023 and 2028. The market is experiencing significant growth in the digital economy, with the increasing popularity of mobile apps and desktop applications on the App Store. The games industry is also contributing to this expansion, as in-app purchases and downloads become more prevalent. A modeling approach and bottom-up analysis reveal that the trend toward social networking integration in music platforms is a major market driver. Additionally, mergers and acquisitions (M&A) and strategic alliances among companies are increasing, as new players enter the market. However, challenges persist, including the issue of illegal downloads and piracy, which continue to impact revenue growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Source
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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