The Latest research study titled, “Music Streaming Market by Service, Type, Platform and End User – Global Industry Analysis and Forecast to 2027” added by Big Market Research, states that the Music Streaming market is projected to be around US$ 77.50 billion by 2027.
Music Streaming services include platform that allow audience to listen audio, podcast and music videos and also provide on demand and live streaming services of full-length content through internet without downloading. The increasing consumer preferences toward the live streaming music, the rise in number of service providers, increase in the penetration of smart phones and the rise in number of commercial end users are the major factors driving the market.
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According to the report of China Based Tencent Music Entertainment group, in the first quarter of 2020, the revenue form online music subscription raised by 70% compared to the revenue of 2019, in addition to these the subscribers of online music touches 42.7 million which is approx. 50.0% a year over year rise.
The increasing piracy all over the globe impedes the growth of the market over the forecast period of 2020-2027. Also, with the increasing popularity of live streaming music and availability of local content on online platforms is likely to increase the market growth during the forecast period.
The regional analysis of global Music Streaming market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of key companies market such as Apple Inc., Google Inc. and high speed broadband and strong connection of network.
Major Market Player included in this Report are:- Amazon.com, Inc., Apple, Inc., Deezer, Google LLC., iHeartMedia, Inc., Pandora Media, Inc., SoundCloud Limited, Spotify AB, Tencent Music Entertainment Group
Music Streaming Market is segmented as below:
- On demand streaming
- Live streaming
By Content Type:
By End Use:
1) North America (United States, Canada, Mexico),
2) Asia-Pacific (China, Japan, India, Korea, Indonesia, Malaysia, Singapore, Thailand, Philippines),
3) Europe (Germany, UK, France, Italy, Spain, Russia),
4) Central & South America (Brazil, Argentina, Peru, Chile, Columbia),
5) Middle East & Africa (Saudi Arabia, Turkey, United Arab Emirates, Iran, South Africa, Israel, Egypt, Nigeria, Iraq),
6) Other Regions (Australia, New Zealand).
The study objectives of this report are:
* To analyze Music Streaming status, capacity, cost, price, demand & supply, production, profit, and competition.
* To study Music Streaming industry based on components (solutions and services)
* To present the Global Music Streaming development at Regional and Global basis.
* To strategically profile the key players and comprehensively analyze their development plan and strategies.
* To study competitive developments such as mergers and acquisitions, new partnerships, new contracts, and new product developments.
Key Question Answered in Music Streaming Market Report
- What are the strengths and weaknesses of the Music Streaming Market?
- What are the different marketing and distribution channels?
- What is the current CAGR of the Music Streaming Market?
- What are the Music Streaming Market opportunities in front of the market?
- What are the highest competitors in Music Streaming market?
- What are the key outcomes of SWOT and Porter’s five techniques?
- What is the Music Streaming Market size and growth rate in the forecast period?
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Table of Content:
Chapter 1. Executive Summary
Chapter 2. Global Music Streaming Market Definition and Scope
Chapter 3. Global Music Streaming Market Dynamics
Chapter 4. Global Music Streaming Market: Industry Analysis
Chapter 5. Global Music Streaming Market, by Product
Chapter 6. Global Music Streaming Market, by Mode of Delivery
Chapter 7. Global Music Streaming Market, by Application
Chapter 8. Global Music Streaming Market, by End-Use
Chapter 9. Global Music Streaming Market, Regional Analysis
Chapter 10. Competitive Intelligence
Chapter 11. Research Process
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