Music Downloading & Streaming Services in the UK - Market Research Report

Volume Up: Industry Revenue is Forecast to Rise in 2022-23 as Consumers Stream Music for Entertainment

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The mixture of industry services has shifted, with consumers reducing expenditure on downloads in favour of streaming services, which account for 94.3% of industry revenue. The dominance of the four largest players in the industry has grown, although some music streaming platforms have found success in offering niche services. Streaming providers have also expanded their product ranges in order to maintain profit in an increasingly competitive environment by creating tiered packaging systems (such as family or premium accounts). Companies in this industry provide subscription-based music on-demand services. Music can be streamed or downloaded to various supported connected devices. The industry excludes exclusively ad-supported services and revenue derived from ad-supported services.