Global Music Streaming Market Share Value Will Grow to USD 45,000 Million By 2027: Facts & Factors
New York, NY, Feb. 24, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “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” .
“According to the research study, the global Music Streaming Market was estimated at USD 10,520 Million in 2018 and is expected to reach USD 45,000 Million by 2027. The global Music Streaming Market is expected to grow at a compound annual growth rate (CAGR) of 17.5% from 2019 to 2026”.
Streaming is a technology that is used to deliver content to desktop computers, laptops, and mobile devices over the internet. Streaming transfers audio and video data along with other continuous data flow, which allows the recipients to begin to watch or listen almost immediately. Streaming music, which can be also termed as streaming audio, is a way of delivering sound or music without the requirement of downloading files from the web.
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Our Free Sample Report Includes:
- 2020 Updated Report Introduction, Overview, and In-depth industry analysis
- COVID-19 Pandemic Outbreak Impact Analysis Included
- 190+ Pages Research Report (Inclusion of Updated Research)
- Provide Chapter-wise guidance on Request
- 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of table & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Key Questions Answered in this Report
1) What was the impact of COVID-19 on the Music Streaming Market?
2) What is the market size, share of the Music Streaming Market?
3) Who are the top market players in Music Streaming Market?
4) What will be the future market of the Music Streaming Market?
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
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Impact Analysis of COVID-19 Pandemic on Businesses: Know Short Term and Long Term Impact
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Escalating digitization & rising digital music acceptance to steer the market growth
Growing digitization witnessed across the emerging economies has resulted in a substantial reduction of music downloading as well as its storage. This is likely to proliferate the surge of the music streaming industry over the forecast timeline.
Moreover, an increase in the number of smartphone users has resulted in the massive expansion of the music streaming market 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. Nonetheless, less availability of skilled workforce and shorter average lead lengths will impede the growth of the market over the forecast timeline.
Top Market Players:
- Amazon.com Inc.,
- Apple Inc.,
- Deezer S.A.,
- Gamma Gaana Ltd.,
- Google Play,
- iHeartMedia Inc.,
- 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.,
- TuneIn Inc.,
- Univision Communications Inc.,
- You42 Radio.
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On-demand streaming to dominate the type segment over the forecast period
The massive popularity of on-demand music subscriptions is projected to spur the growth of the music streaming industry over the forecast timespan. The segment is predicted to accrue the highest revenue by the end of the forecast timeline.
Audio streaming to account for major content type segment share over the forecast timespan
The audio streaming segment, which accounted for nearly 56% of the overall market share in 2017, is predicted to make major revenue contributions towards the overall market during the period from 2019 to 2027. The growth of the segment can be credited to a large number of audio subscribers across the world.
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Smartphone segment to dominate the overall market surge over the forecast timeline
The growth of the segment can be attributed to the high penetration of the device across the globe that is likely to elevate the growth graph of the music streaming market over the forecast timeline.
An individual segment to make notable contributions towards the overall market revenue during the forecast timeline
The segmental growth can be credited to an increment in the disposable income of the customers along with the large-scale acceptance of smartphones & laptops by the customers.
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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.
Browse the full “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” report at https://www.fnfresearch.com/music-streaming-market-by-type-live-streaming-and
North America to lead the overall regional market revenue growth during the timespan from 2019 to 2027
The regional market growth can be credited to the growing popularity of online music in countries like the U.S. along with the availability of the resources providing modern music streaming services to the customers.
This report segments the music streaming market as follows:
Global Music Streaming Market: By Type Segment Analysis
- Live Streaming
- On-Demand Streaming
Global Music Streaming Market: By Content Type Segment Analysis
- Audio Streaming
- Video Streaming
Global Music Streaming Market: By Payment Mode Segment Analysis
- Subscription & Ad-Supported
Global Music Streaming Market: By Platform Segment Analysis
Global Music Streaming Market: By Age Group Segment Analysis
- Between 16 and 24 years
- Between 25 and 34 years
- Between 35 and 44 years
- Between 45 and 54 years
- More than 55 years
Global Music Streaming Market: By End-user Segment Analysis
Key Features of Music Streaming Market Report:
- Music Streaming Market structure: Overview, industry life cycle analysis, supply chain analysis
- Music Streaming Market: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Music Streaming Market size, trend, and forecast analysis
- Music Streaming Market segments’ trend and forecast
- Music Streaming Market’s competitive landscapes: Market share, Product portfolio, new product launches, etc.
- Music Streaming Market attractiveness and associated growth opportunities
- Emerging Trends in the Music Streaming Market.
- Strategic growth opportunities for the existing and new players
- Key success factors
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