Product Code: RP-ID-10170407 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: ICT & Telecom |
Report ID: 10170407
Market Overview:
Music Streaming Market - by Type (Live Streaming and On-Demand Streaming), by Content Type (Audio Streaming and Video Streaming), by Payment Mode (Free and Subscription & Ad-Supported), by Platform (Desktop and Smartphone), by Age Group (Between 16 and 24 years, Between 25 and 34 years, Between 35 and 44 years, Between 45 and 54 years, and More than 55 years), and by End-user (Individual and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 - 2027
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The report covers the forecast and analysis of the music streaming market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2027 based on revenue (USD Million). The study includes drivers and restraints of the music streaming market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the music streaming market on a global level.
In order to give the users of this report a comprehensive view of the music streaming market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product & service launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.
The study provides a decisive view of the music streaming market by segmenting the market based on the type, content type, payment mode, platform, age group, end-user,and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
An increase in the number of smartphone users has led to the massive growth of the music streaming industry during the period from 2019 to 2027. In addition to this, the rise in web penetration across the nook & corner of the world is likely to accelerate the market trends. Nevertheless, the low availability of skilled manpower and shorter average lead lengths will obstruct the growth of the market over the forecast timeline.
On the basis of type, the market for music streaming is sectored into live streaming and on-demand streaming. Based on the content type, the industry can be classified into audio streaming and video streaming. In terms of the payment mode, the market can be divided into free and subscription & Ad-supported payment modes. Based on the platform, the market is divided into desktop and smartphone. Based on the age group, the market can be sectored into between 16 and 24 years, between 25 and 34 years, between 35 and 44 years, between 45 and 54 years, and more than 55 years. In terms of the end-user, the market for music streaming can be divided into individual and commercial.
Key players involved in the music streaming industry includes Amazon.com, Inc., Apple Inc., Deezer S.A., Gamma Gaana Ltd., Google Play, iHeartMedia, Inc., Inmusik, jango.com, Netease Company, Pandora Media, Inc., Project Panther Bidco Ltd., Reliance Industries Limited, Rhapsody International, Inc., Sirius XM Holdings Inc., Slacker Radio, SoundCloud Limited, Spotify AB, Stingray Digital Group Inc., Tencent, TuneIn, Inc., Univision Communications Inc., VK, and You42 Radio.
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