Based on a forecast period of 6.8%, the global music publishing market is estimated to grow at a compound annual growth rate (CAGR) of USD 5.4 billion in 2022. The market is expanding dramatically due to the expanding global music industry, the amount of live concerts and music festivals taking place across the globe, the increased use of the internet and songs globally, and rising internet penetration.
The licensing, marketing, and management of musical works are all part of the music publishing industry. safeguarding songwriters' and composers' intellectual property rights, arranging licensing agreements, and collecting remuneration. The global demand for music is being driven by its growing popularity as a source of entertainment. Another reason contributing to the field's expansion is the growing number of vocalists across the globe.

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Growth Drivers
Music has a wider audience now that it is available in digital formats. Publishers can now disseminate their content worldwide through digital licensing agreements, online storefronts, and streaming platforms. The market has grown significantly as a result of the emergence of subscription-based streaming services like Apple Music, Spotify, and Amazon. The growing popularity of smartphones and the growing number of people using the internet has increased demand for music.
Because they frequently call for license agreements for the use of copyrighted music, concerts, festivals, and live events remain valuable revenue streams for music publishers. Working together, artists, music publishers, and other industry participants create new markets and opportunities as well as creative revenue-sharing structures. Digital rights management systems and stricter copyright enforcement both contribute to the protection of music publishers' intellectual property and ensure that they are fairly compensated for their labor.
Segmentation
By Product
· Performance
· Digital
· Synchronization
· Mechanical
By Application
· Commercial
· Commonweal
Regional Outlook
· Asia Pacific
· North America
· Latin America
· Europe
· Middle East and Africa
Key Players
· Sony Music Publishing LLC
· Universal Music Publishing Group
· Kobalt Music Group
· BMG Rights Mgmt.
· Warner/Chappell Music Inc
· Peer Music
· Pulse Music Group
· Downtown Music Services
· Round Hill Music
· Other Players

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