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Music Streaming Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Content Type; Streaming Type; End User

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    Report

  • 160 Pages
  • June 2020
  • Region: Global
  • The Insight Partners
  • ID: 5129052
Description Jump to:
In terms of revenue, the global music streaming market was valued at US$ 26.0 billion in 2019 and is projected to reach US$ 46.9 billion by 2027; it is expected to grow at a CAGR of 7.4% during the forecast period 2020-2027. Considering the demand for multiple digital music platforms and rising number of music subscribers, the music streaming market is likely to grow at a significant pace. Additionally, consistent increase in on-demand streaming and availability of regional content on digital platforms will help the market to grow and provide growth opportunities to the market players prevailing in the music streaming market. On the contrary, due to the availability of pirated channels and free music platforms, the number of subscribers have declined, which can negatively impact the music streaming market. Furthermore, many music streaming service providers offer an unpaid trial period to gain traction of individuals. Additionally, to remain competitive in the market, timely updates and advancements are made in the digital music platform by the music streaming service providers to sustain in the market.

The music streaming market has been segmented on the basis of content type, streaming type, end user and geography. Based on content type, the music streaming market is segmented into audio streaming and video streaming. Based on streaming type, the market has been segmented into live streaming and on-demand streaming. Based on end user, the music streaming market is segmented into commercial, individual. Geographically, the music streaming market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

Amazon, Inc., Apple Inc., Deezer, Google Inc., iheartmedia, Inc., Joox, Pandora Media, Inc., SoundCloud, Spotify, and Tidal are some of the well-established music streaming market players.

Impact of COVID-19 Pandemic on Music Streaming Market

The COVID-19 outbreak began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace around the globe. China, Italy, Iran, Spain, the Republic of Korea, India, France, Germany, and the US are some of the worst affected countries in terms of confirmed cases and reported deaths. Music and Media industry is also impacted negatively due to the COVID-19 outbreak. One of the critical areas highly impacted is live performances. The industry is fighting back to recover the loss and come-up with new business models. To monetize, the companies are coming up with live shows on streaming devices.

The global music streaming market size has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the music streaming market with respects to all the segments. It also provides the overview and forecast for the market based on all the segmentation provided with respect to five major regions - North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the music streaming market.

Reasons to Buy
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the music streaming market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect technology and solution type.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Music Streaming Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Music Streaming Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing Popularity of Digital Music Streaming Websites
5.1.2 Rising Number of Music Subscribers
5.2 Key Market Restraints
5.2.1 Availability of Free Digital Music Platforms
5.3 Key Market Opportunities
5.3.1 Scope of On-Demand Streaming
5.4 Future Trends
5.4.1 Availability of Regional Content
5.5 Impact Analysis of Drivers and Restraints
6. Music Streaming Market- Global Analysis
6.1 Music Streaming Market Global Overview
6.2 Music Streaming Market- Revenue and Forecast to 2027 (US$ Billion)
6.3 Market Positioning - Five Key Players
7. Music Streaming Market Analysis - By Content Type
7.1 Overview
7.1.1 Music Streaming Market Breakdown, by Content Type, 2019 & 2027
7.2 Audio Streaming
7.2.1 Overview
7.2.2 Audio Streaming Market Revenue and Forecast to 2027 (US$ Million)
7.3 Video Streaming
7.3.1 Overview
7.3.2 Video Streaming Market Revenue and Forecast to 2027 (US$ Million)
8. Music Streaming Market Analysis - By Streaming Type
8.1 Overview
8.2 Music Streaming Market Breakdown, by Streaming Type , 2019 & 2027
8.3 Live Streaming
8.3.1 Overview
8.3.2 Live Streaming Market Revenue and Forecast to 2027 (US$ Million)
8.4 On-demand Streaming
8.4.1 Overview
8.4.2 On-demand Streaming Market Revenue and Forecast to 2027 (US$ Million)
9. Music Streaming Market Analysis - By End User
9.1 Overview
9.2 Music Streaming Market Breakdown, by Streaming Type , 2019 & 2027
9.3 Commercial
9.3.1 Overview
9.3.2 Commercial Market Revenue and Forecast to 2027 (US$ Million)
9.4 Individual
9.4.1 Overview
9.4.2 Individual Market Revenue and Forecast to 2027 (US$ Million)
10. Music Streaming Market - Geographic Analysis
10.1 Overview
10.2 North America: Music Streaming Market
10.2.1 North America: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.2.2 North America: Music Streaming Market, by Content Type
10.2.3 North America: Music Streaming Market, by Streaming Type
10.2.4 North America: Music Streaming Market, by End User
10.2.5 North America: Music Streaming Market, by Key Country
10.2.5.1 US: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.2.5.1.1 US: Music Streaming Market, by Content Type
10.2.5.1.2 US: Music Streaming Market, by Streaming Type
10.2.5.1.3 US: Music Streaming Market, by End User
10.2.5.2 Canada: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.2.5.2.1 Canada: Music Streaming Market, by Content Type
10.2.5.2.2 Canada: Music Streaming Market, by Streaming Type
10.2.5.2.3 Canada: Music Streaming Market, by End User
10.2.5.3 Mexico: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.2.5.3.1 Mexico: Music Streaming Market, by Content Type
10.2.5.3.2 Mexico: Music Streaming Market, by Streaming Type
10.2.5.3.3 Mexico: Music Streaming Market, by End User
10.3 Europe: Music Streaming Market
10.3.1 Europe: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.3.2 Europe: Music Streaming Market, By Content Type
10.3.3 Europe: Music Streaming Market, By Streaming Type
10.3.4 Europe: Music Streaming Market, By End User
10.3.5 Europe: Music Streaming Market, By Country
10.3.5.1 Germany: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.3.5.1.1 Germany: Music Streaming Market, by Content Type
10.3.5.1.2 Germany: Music Streaming Market, by Streaming Type
10.3.5.1.3 Germany: Music Streaming Market, by End User
10.3.5.2 France: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.3.5.2.1 France: Music Streaming Market, by Content Type
10.3.5.2.2 France: Music Streaming Market, by Streaming Type
10.3.5.2.3 France: Music Streaming Market, by End User
10.3.5.3 Italy: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.3.5.3.1 Italy: Music Streaming Market, by Content Type
10.3.5.3.2 Italy: Music Streaming Market, by Streaming Type
10.3.5.3.3 Italy: Music Streaming Market, by End User
10.3.5.4 UK: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.3.5.4.1 UK: Music Streaming Market, by Content Type
10.3.5.4.2 UK Music Streaming Market, by Streaming Type
10.3.5.4.3 UK: Music Streaming Market, by End User
10.3.5.5 Russia: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.3.5.5.1 Russia: Music Streaming Market, by Content Type
10.3.5.5.2 Russia Music Streaming Market, by Streaming Type
10.3.5.5.3 Russia: Music Streaming Market, by End User
10.3.5.6 Rest of Europe: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.3.5.6.1 Rest of Europe: Music Streaming Market, by Content Type
10.3.5.6.2 Rest of Europe Music Streaming Market, by Streaming Type
10.3.5.6.3 Rest of Europe: Music Streaming Market, by End User
10.4 APAC: Music Streaming Market
10.4.1 APAC: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.4.2 APAC: Music Streaming Market, By Content Type
10.4.3 APAC: Music Streaming Market, By Streaming Type
10.4.4 APAC: Music Streaming Market, By End User
10.4.5 APAC: Music Streaming Market, By Country
10.4.5.1 Australia: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.4.5.1.1 Australia: Music Streaming Market, by Content Type
10.4.5.1.2 Australia: Music Streaming Market, by Streaming Type
10.4.5.1.3 Australia: Music Streaming Market, by End User
10.4.5.2 China: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.4.5.2.1 China: Music Streaming Market, by Content Type
10.4.5.2.2 China: Music Streaming Market, by Streaming Type
10.4.5.2.3 China: Music Streaming Market, by End User
10.4.5.3 India: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.4.5.3.1 India: Music Streaming Market, by Content Type
10.4.5.3.2 India: Music Streaming Market, by Streaming Type
10.4.5.3.3 India: Music Streaming Market, by End User
10.4.5.4 Japan: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.4.5.4.1 Japan: Music Streaming Market, by Content Type
10.4.5.4.2 Japan: Music Streaming Market, by Streaming Type
10.4.5.4.3 Japan: Music Streaming Market, by End User
10.4.5.5 South Korea: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.4.5.5.1 South Korea: Music Streaming Market, by Content Type
10.4.5.5.2 South Korea: Music Streaming Market, by Streaming Type
10.4.5.5.3 South Korea: Music Streaming Market, by End User
10.4.5.6 Rest of APAC: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.4.5.6.1 Rest of APAC: Music Streaming Market, by Content Type
10.4.5.6.2 Rest of APAC: Music Streaming Market, by Streaming Type
10.4.5.6.3 Rest of APAC: Music Streaming Market, By End User
10.5 MEA: Music Streaming Market
10.5.1 MEA: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.5.2 MEA: Music Streaming Market, by Content Type
10.5.3 MEA: Music Streaming Market, by Streaming Type
10.5.4 MEA: Music Streaming Market, by End User
10.5.5 MEA: Music Streaming Market, by Key Country
10.5.5.1 South Africa: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.5.5.1.1 South Africa: Music Streaming Market, by Content Type
10.5.5.1.2 South Africa: Music Streaming Market, by Streaming Type
10.5.5.1.3 South Africa: Music Streaming Market, by End User
10.5.5.2 Saudi Arabia: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.5.5.2.1 Saudi Arabia: Music Streaming Market, by Content Type
10.5.5.2.2 Saudi Arabia: Music Streaming Market, by Streaming Type
10.5.5.2.3 Saudi Arabia: Music Streaming Market, by End User
10.5.5.3 UAE: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.5.5.3.1 UAE: Music Streaming Market, by Content Type
10.5.5.3.2 UAE: Music Streaming Market, by Streaming Type
10.5.5.3.3 UAE: Music Streaming Market, by End User
10.5.5.4 Rest of MEA: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.5.5.4.1 Rest of MEA: Music Streaming Market, by Content Type
10.5.5.4.2 Rest of MEA: Music Streaming Market, by Streaming Type
10.5.5.4.3 Rest of MEA: Music Streaming Market, by End User
10.6 SAM: Music Streaming Market
10.6.1 SAM: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.6.2 SAM: Music Streaming Market, by Content Type
10.6.3 SAM: Music Streaming Market, by Streaming Type
10.6.4 SAM: Music Streaming Market, by End User
10.6.5 SAM: Music Streaming Market, by Key Country
10.6.5.1 Brazil: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.6.5.1.1 Brazil: Music Streaming Market, by Content Type
10.6.5.1.2 Brazil: Music Streaming Market, by Streaming Type
10.6.5.1.3 Brazil: Music Streaming Market, by End User
10.6.5.2 Argentina: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.6.5.2.1 Argentina: Music Streaming Market, by Content Type
10.6.5.2.2 Argentina: Music Streaming Market, by Streaming Type
10.6.5.2.3 Argentina: Music Streaming Market, by End User
10.6.5.3 Rest of SAM: Music Streaming Market - Revenue and Forecast to 2027 (US$ Million)
10.6.5.3.1 Rest of SAM: Music Streaming Market, by Content Type
10.6.5.3.2 Rest of SAM: Music Streaming Market, by Streaming Type
10.6.5.3.3 Rest of SAM: Music Streaming Market, by End User
11. Music Streaming Market - COVID-19 Impact Analysis
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.6 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Market Initiative
13. Company Profiles
13.1 Amazon.com, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Google LLC
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Deezer
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 iHeartMedia Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Apple, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 SoundCloud
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Spotify Technology S.A.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Tidal
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Pandora Media, LLC
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 JOOX
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Word Index

Companies Mentioned

  • Amazon.com, Inc
  • Google LLC
  • Deezer
  • iHeartMedia Inc.
  • Apple, Inc.
  • SoundCloud
  • Spotify Technology S.A.
  • Tidal
  • Pandora Media, LLC
  • JOOX

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