NAICS Code 5122 - Sound Recording Industries

NAICS 5122 - Sound Recording Industries

NAICS 51 - Information
NAICS 11 - Sector 11--Agriculture, Forestry, Fishing and Hunting NAICS 21 - Sector 21--Mining NAICS 22 - Sector 22--Utilities NAICS 23 - Sector 23--Construction NAICS 31 - Sector 31-33--Manufacturing NAICS 42 - Sector 42--Wholesale Trade NAICS 44 - Sector 44-45--Retail Trade NAICS 48 - Sector 48-49--Transportation and Warehousing NAICS 51 - Sector 51--Information NAICS 52 - Sector 52--Finance and Insurance NAICS 53 - Sector 53--Real Estate and Rental and Leasing NAICS 54 - Sector 54--Professional, Scientific, and Technical Services NAICS 55 - Sector 55--Management of Companies and Enterprises NAICS 56 - Sector 56--Administrative and Support and Waste Management and Remediation Services NAICS 61 - Sector 61--Educational Services NAICS 62 - Sector 62--Health Care and Social Assistance NAICS 71 - Sector 71--Arts, Entertainment, and Recreation NAICS 72 - Sector 72--Accommodation and Food Services NAICS 81 - Sector 81--Other Services (except Public Administration) NAICS 92 - Sector 92--Public Administration
- NAICS 512 - Motion Picture and Sound Recording Industries
  NAICS 511 - Publishing Industries (except Internet) NAICS 512 - Motion Picture and Sound Recording Industries NAICS 515 - Broadcasting (except Internet) NAICS 516 - Internet Publishing and Broadcasting NAICS 517 - Telecommunications NAICS 518 - Internet Service Providers, Web Search Portals, and Data Processing Services NAICS 519 - Other Information Services NAICS 513 - Broadcasting and Telecommunications NAICS 514 - Information Services and Data Processing Services
  - NAICS 5122 - Sound Recording Industries
    NAICS 5121 - Motion Picture and Video Industries NAICS 5122 - Sound Recording Industries

This industry group comprises establishments primarily engaged in producing and distributing musical recordings, in publishing music, or in providing sound recording and related services.

Industry trends:

The NAICS 5122, Sound Recording Industries, is experiencing several notable qualitative trends that are reshaping the landscape. One key trend is the increasing dominance of streaming services, which continue to grow as the primary medium for music consumption. This shift is driving changes in revenue streams, with a move away from physical sales toward subscription and ad-supported models. As a result, companies in this industry are focusing on creating exclusive content and striking strategic partnerships to capture a larger share of the streaming market.

Another trend is the rise of independent artists utilizing digital platforms to distribute their music directly to consumers, bypassing traditional record labels. This democratization of music production and distribution is encouraging a more diverse cultural output and allowing niche markets to thrive.

Social media and short-form video platforms like TikTok are also playing a significant role in driving music trends and artist discovery. Viral challenges and trends on these platforms can propel songs to the top of the charts almost overnight, reshaping promotional strategies within the industry.

Moreover, there is an increasing emphasis on artificial intelligence and machine learning for both music production and personalized recommendations. These technologies can help tailor music experiences to individual listener preferences, thereby enhancing user engagement.

Looking ahead, we can expect these trends to continue to evolve, with streaming services likely offering more interactive and immersive experiences such as virtual reality concerts. Additionally, the push for higher-quality sound technology, like spatial audio, could enhance the listening experience further. As the industry adapts to these innovations, the core challenge will remain balancing new technological advancements with the artistic nature of music creation.