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An Analysis of the Shift in Music Industry Revenue Streams in the Last 15 Years: Technical Report

Flynn, Carl (2021) An Analysis of the Shift in Music Industry Revenue Streams in the Last 15 Years: Technical Report. Undergraduate thesis, Dublin, National College of Ireland.

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Abstract

This report details how this research project was undertaken, the methodology used and an analysis of how music consumption trends have changed in recent years and how this has subsequently affected music industry revenue. The overall aim of this project is to gather and analyse appropriate data on the music industry from recent years and draw conclusions from this data using various analysis techniques as well as forecast into the future to see what kind of position the music industry will be in the next three years. This report details the data used in the research, the methodology used and how it was implemented and all results found. Various datasets were gathered online from websites such as Kaggle.com and statista.com covering a range of subjects like revenue, format market shares and sales and also covering several nations/regions as well as individual companies within the music industry. This analysis found that over the selected time scale there has been a universal shift towards digital music consumption formats and that music industry revenue across regions and companies and industry as a whole, has been on the rise in recent years. Using forecasting techniques we have also made predicted to continue rising over the next three years based on previous years and it was concluded that music consumption will likely continue to be dominated by digital mediums in the coming years.

Item Type: Thesis (Undergraduate)
Subjects: H Social Sciences > HA Statistics
Q Science > QA Mathematics > Electronic computers. Computer science
T Technology > T Technology (General) > Information Technology > Electronic computers. Computer science

Q Science > QA Mathematics > Computer software
T Technology > T Technology (General) > Information Technology > Computer software

H Social Sciences > HD Industries. Land use. Labor > Specific Industries > Music Industry
Divisions: School of Computing > Bachelor of Science (Honours) in Computing
Depositing User: Clara Chan
Date Deposited: 01 Sep 2021 10:59
Last Modified: 20 Sep 2021 09:52
URI: http://norma.ncirl.ie/id/eprint/4994

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