Forecast: Number of Enterprises of Sound Recording and Music Publishing in the UK

In 2023, the number of sound recording and music publishing enterprises in the UK was approximately 3.95 thousand. The forecasted growth from 2024 to 2028 shows a steady increase, with the number of enterprises expected to reach 4.35 thousand by 2028. Year-on-year variations suggest an average growth rate of around 1.98% annually. Over the next five years, the compound annual growth rate (CAGR) is projected to be 1.97%.

Future trends to watch for:

• Technological advancements driving efficiencies and new business models.
• Increased diversity in music consumption channels.
• Influence of digital streaming services on traditional publishing.