Traditional Music - Brazil

  • Brazil
  • Revenue in the Traditional Music market market in Brazil is forecasted to reach US$230.60m in 2024.
  • The revenue is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of 2.18%, leading to a projected market volume of US$256.90m by 2029.
  • By 2029, the number of listeners in the Traditional Music market market in Brazil is expected to reach 18.7m users.
  • User penetration is projected to be 11.1% in 2024 and is forecasted to decrease to 8.4% by 2029.
  • With a rate of 48.4%, user penetration in the Traditional Music market market is highest in Luxembourg.
  • The average revenue per user (ARPU) is estimated to be US$9.34.
  • In a global context, the in the United States is set to generate the most revenue, with US$14,810.00m in 2024.
  • Brazil's traditional music is experiencing a resurgence in mainstream media, captivating audiences with its rich cultural heritage and diverse rhythms.

Key regions: China, Japan, Asia, United Kingdom, India

 
Market
 
Region
 
Region comparison
 
Currency
 

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the Music, Radio & Podcasts market, which comprises all revenues generated by traditional and digital radio advertising, consumer purchases of live music event tickets, all sales of tangible audio recording formats, paid digital downloads of professionally produced single tracks / compilations, ad-supported services, and subscription-based, on-demand streaming services. All monetary figures refer to consumer spending on digital goods or subscriptions in the respective market. This spending factors in discounts, margins, and taxes.

Modeling approach / market size:

The market size is determined through a bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as various macroeconomic indicators, historical developments, current trends, and reported performance indicators of key market players. In particular, we consider average prices and annual purchase frequencies.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Consumer Insights data is reweighted for representativeness.

Overview

  • Revenue
  • Users
  • Media Usage
  • Global Comparison
  • Methodology
  • Key Market Indicators
Please wait