Due to technological advancement, we can see that music industry is every changing and developing at a very fast pace. Every year there are new website or channel is coming forward and providing new platforms to reform the way of interaction between artists and audience like tik tok, you tube etc. hence, everyday new technology is opening up new horizons to provide a platform to artists.
Since, technology is changing day to day so we cannot actually foresee what is going to happen in future but only can guess the same. This article talks about what changes and expectations you can have from the music industry in the future.
In this article we will discuss the expectations and predictions one can have from the music industry in the coming future:
1.Impact of artificial industry on music industry
Since, technology is changing every day, you have new ways of advertising, competition, music creation process, etc. This will also make it easier to compose, voice synthesis, professional high quality music and sound. This will make music industry more creative and music composition of music. Further, this will bring in many new artists into light at new developed platforms which could be developed at lower costs and with help of even a mobile or laptop. Since, artificial intelligence is smart and learns everything including music production, music recommendations, royalty distribution, etc.
2.Manner of listing songs/music
Since change in technology is changing the way in which we listen our songs like Alexa, speakers, google home etc. now a days, any one can use voice command to play music as per their mood and genres. Since, one can say that play a love song, Alexa etc. would play the love song as per your preferences and choices. You don’t need to tell the name of the song or album or even singer of the song, you can just command Alexa to play some songs and it will. Certain times people discover music as per the mood specified by sch person to Alexa etc. you are able to hear music not only of your county but other countries, genres etc. we can also observe that even platforms like tik tok etc. allows the users to use and then repurpose the music or sound in their own way. People have many ways to use and utilize the song the manner that they want.
3.Areas of music which will now be more famous
Since earlier all the music revolved around movies, other industries like fashions and was not an independent business in itself. But due to evolvement of the music industry, it has been becoming its own independent industry. People are making their own albums, biopics, even gaming companies, fashion houses have been producing their own music and flourishing the music industry.
Further, there are various brands which are creating new industry and marketplace for music which have been working towards making music industry an independent industry of artists. Additionally, we can see that there are so many video streaming apps and websites like YouTube, tiktok and other platforms like video games which have been featuring music and their original sounds. Now a person using smart mobile phone can also use and repurpose music and sounds and create their own creative videos. There are a lot of use of music and sounds in memes which has become a trend as can be seen from Facebook, Instagram. People are making remixes, edits, mashups etc.
4.Monetary aspect of music industry
Since internet recognizes the hard work and talent of artist which was earlier shadowed by the labels, record holders and producers only and very less credit was provided to the main artist. Due to internet and ever-growing technology people now recognize artists which are famous worldwide. Since now the power will come to artist they can become earn what hey are worth of.
Due to advent of internet, music industry has changed at a pace as never seen before. Internet has made musicians famous and provided them with various platforms to perform and showcase their talent. This will also make it easier to create and make new music without much hassle. Further, due to internet advancement you don’t need to crave for impressing any person. Tencent music entertainment (TME) has been using these trends to make predictions regarding furture of music industry and are utilizing artificial intelligence to make music industry better.