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Online Music Streaming Market Report by Service, Revenue Model, Platform, Content Type, End User, and Region 2024-2032

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    Report

  • 138 Pages
  • April 2024
  • Region: Global
  • IMARC Group
  • ID: 5743145
Description Jump to:
The global online music streaming market size reached US$ 19.7 Billion in 2023. Looking forward, the market is projected to reach US$ 40.6 Billion by 2032, exhibiting a growth rate (CAGR) of 8.37% during 2023-2032.

Online music streaming applications enable users to listen to songs in real-time using an internet connection. These applications offer an on-demand service wherein audio media files are prearranged in sequential packets of data and transmitted to smartphones, tablets, TVs and computers without saving them to the hard drive. Presently, several companies are introducing smart devices, such as Amazon’s Alexa and Google Cast, to stream music online with hands-free control and instant playback features. With the escalating demand for these smart devices, on account of rapid urbanization, inflating disposable incomes and the emergence of smart homes, the demand for online music streaming applications is escalating worldwide.

Online Music Streaming Market Trends

The growing dependency on smartphones, increasing penetration of the internet and the thriving media and entertainment industry are among the key factors stimulating the growth of the online music streaming market worldwide. Moreover, easy access to music on multiple devices, along with the rising trend of on-demand songs, are driving the market growth. Apart from this, the integration of online music streaming applications with social media platforms allows users to create and share collaborative playlists with acquaintances.

They also offer young artists a platform to upload and promote their tracks and reach a wider audience. Furthermore, digital service providers (DSPs) are launching applications with a user-friendly interface and a huge library of music and podcasts. These providers are also offering attractive premium plans, such as family packs or free subscription for a few months, which, in turn, is anticipated to bolster the market growth in the coming years.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global online music streaming market report, along with forecasts at the global, regional and country levels from 2024-2032. The report has categorized the market based on service, revenue model, platform, content type and end user.

Breakup by Service:

  • On-demand Streaming
  • Live Streaming

Breakup by Revenue Model:

  • Subscription
  • Non-Subscription

Breakup by Platform:

  • App
  • Browser

Breakup by Content Type:

  • Audio
  • Video

Breakup by End User:

  • Individual
  • Commercial

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon.com Inc, ANGHAMI, Apple Inc., Gamma Gaana Ltd. (The Times Group), iHeartMedia Inc., Musixmatch, Saavn Media Pvt Ltd., SoundCloud Ltd., Spotify AB and Tencent Music Entertainment Group.

Key Questions Answered in This Report

1. What was the size of the global online music streaming market in 2023?
2. What is the expected growth rate of the global online music streaming market during 2024-2032?
3. What are the key factors driving the global online music streaming market?
4. What has been the impact of COVID-19 on the global online music streaming market?
5. What is the breakup of the global online music streaming market based on the revenue model?
6. What is the breakup of the global online music streaming market based on the platform?
7. What is the breakup of the global online music streaming market based on content type?
8. What is the breakup of the global online music streaming market based on the end user?
9. What are the key regions in the global online music streaming market?
10. Who are the key players/companies in the global online music streaming market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Online Music Streaming Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Service
6.1 On-demand Streaming
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Live Streaming
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Revenue Model
7.1 Subscription
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Non-Subscription
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Platform
8.1 App
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Browser
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Content Type
9.1 Audio
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Video
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by End User
10.1 Individual
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Commercial
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Amazon.com Inc
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.1.4 SWOT Analysis
16.3.2 ANGHAMI
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Apple Inc.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Gamma Gaana Ltd. (The Times Group)
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 iHeartMedia Inc.
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 Musixmatch
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 Saavn Media Pvt Ltd.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 SoundCloud Ltd.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.9 Spotify AB
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.10 Tencent Music Entertainment Group
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
List of Figures
Figure 1: Global: Online Music Streaming Market: Major Drivers and Challenges
Figure 2: Global: Online Music Streaming Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Online Music Streaming Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Online Music Streaming Market: Breakup by Service (in %), 2023
Figure 5: Global: Online Music Streaming Market: Breakup by Revenue Model (in %), 2023
Figure 6: Global: Online Music Streaming Market: Breakup by Platform (in %), 2023
Figure 7: Global: Online Music Streaming Market: Breakup by Content Type (in %), 2023
Figure 8: Global: Online Music Streaming Market: Breakup by End User (in %), 2023
Figure 9: Global: Online Music Streaming Market: Breakup by Region (in %), 2023
Figure 10: Global: Online Music Streaming (On-demand Streaming) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Online Music Streaming (On-demand Streaming) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Online Music Streaming (Live Streaming) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Online Music Streaming (Live Streaming) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Online Music Streaming (Subscription) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Online Music Streaming (Subscription) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Online Music Streaming (Non-subscription) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Online Music Streaming (Non-subscription) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Online Music Streaming (App) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Online Music Streaming (App) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Online Music Streaming (Browser) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Online Music Streaming (Browser) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Online Music Streaming (Audio) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Online Music Streaming (Audio) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Online Music Streaming (Video) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Online Music Streaming (Video) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Online Music Streaming (Individual) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Online Music Streaming (Individual) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Online Music Streaming (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Online Music Streaming (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: North America: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: North America: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: United States: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: United States: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Canada: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Canada: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Asia-Pacific: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Asia-Pacific: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: China: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: China: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Japan: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Japan: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: India: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: India: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: South Korea: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: South Korea: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Australia: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Australia: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Indonesia: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Indonesia: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Others: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Others: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Europe: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Europe: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Germany: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Germany: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: France: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: France: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: United Kingdom: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: United Kingdom: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Italy: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Italy: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Spain: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Spain: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Russia: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Russia: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Others: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Others: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Latin America: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Latin America: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Brazil: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Brazil: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Mexico: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Mexico: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Others: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Others: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Middle East and Africa: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Middle East and Africa: Online Music Streaming Market: Breakup by Country (in %), 2023
Figure 78: Middle East and Africa: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Global: Online Music Streaming Industry: SWOT Analysis
Figure 80: Global: Online Music Streaming Industry: Value Chain Analysis
Figure 81: Global: Online Music Streaming Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Online Music Streaming Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Online Music Streaming Market Forecast: Breakup by Service (in Million US$), 2024-2032
Table 3: Global: Online Music Streaming Market Forecast: Breakup by Revenue Model (in Million US$), 2024-2032
Table 4: Global: Online Music Streaming Market Forecast: Breakup by Platform (in Million US$), 2024-2032
Table 5: Global: Online Music Streaming Market Forecast: Breakup by Content Type (in Million US$), 2024-2032
Table 6: Global: Online Music Streaming Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 7: Global: Online Music Streaming Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Online Music Streaming Market: Competitive Structure
Table 9: Global: Online Music Streaming Market: Key Players

Companies Mentioned

  • Amazon.com Inc
  • ANGHAMI
  • Apple Inc.
  • Gamma Gaana Ltd. (The Times Group)
  • iHeartMedia Inc.
  • Musixmatch
  • Saavn Media Pvt Ltd.
  • SoundCloud Ltd.
  • Spotify AB
  • Tencent Music Entertainment Group

Methodology

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Table Information

Report AttributeDetails
No. of Pages138
PublishedApril 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 19.7 Billion
Forecasted Market Value ( USD ) by 2032 $ 40.6 Billion
Compound Annual Growth Rate8.3%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the Online Music Market

The online music market is a subset of the internet and e-commerce industry that focuses on the sale and distribution of music. It includes streaming services, digital downloads, and physical media such as CDs and vinyl records. Streaming services allow users to access a library of music for a monthly subscription fee, while digital downloads allow users to purchase individual songs or albums. Physical media is still popular among music fans, and many online retailers offer a wide selection of CDs and vinyl records. The online music market has grown significantly in recent years, driven by the increasing popularity of streaming services and the convenience of digital downloads. Consumers are able to access a vast library of music from the comfort of their own homes, and the industry has seen a surge in sales as a result. Some of the major companies in the online music market include Spotify, Apple Music, Amazon Music, Deezer, and Tidal. These companies offer streaming services, digital downloads, and physical media, and have become some of the most popular music services in the world. Show Less Read more

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