Omdia: The global recorded music market is expected to exceed $56 billion by 2030, with China poised to become the second largest in the world.

Zhitong Financial App learned that according to the latest forecast from Omdia, the global retail sales of recorded music market is expected to reach $483 billion in 2026, surpassing $500 billion in 2027, and further increasing to $568 billion by 2030.