Music Streaming Trends and Forecast
The future of the global music streaming market looks promising with opportunities in the individual and commercial markets. The global music streaming market is expected to reach an estimated $72.3 billion by 2030 with a CAGR of 12.5% from 2024 to 2030. The major drivers for this market are increasing usage of smart devices, rising availability of artificial intelligence and machine learning enabled streaming music experience, and growing popularity of personalized playlist recommendations.A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Music Streaming by Segment
The study includes a forecast for the global music streaming by platform, service, content, end use, and region.Music Streaming Market by Platform [Shipment Analysis by Value from 2018 to 2030]:
- Apps
- Browsers
Music Streaming Market by Service [Shipment Analysis by Value from 2018 to 2030]:
- On-Demand Streaming
- Live Streaming
Music Streaming Market by Content [Shipment Analysis by Value from 2018 to 2030]:
- Audio
- Video
Music Streaming Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Individual
- Commercial
Music Streaming Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Music Streaming Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies music streaming companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the music streaming companies profiled in this report include-- Spotify
- Apple
- Amazon
- Deezer
- Pandora Media
- Tidal
Music Streaming Market Insights
The publisher forecasts that application will remain the larger segment over the forecast period due to its rising preference for among customers to have improved overall user experience while streaming music.Within this market, individual will remain the larger segment due to high availability of wireless networks, change in life styles of younger generation, and a growing number of mobile devices.
North America will remain the largest region over the forecast period due to rising population's preference for advanced music hd service and presence of key players in the region.
Features of the Global Music Streaming Market
- Market Size Estimates: Music streaming market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Music streaming market size by various segments, such as by platform, service, content, end use, and region in terms of value ($B).
- Regional Analysis: Music streaming market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different platforms, services, contents, end uses, and regions for the music streaming market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the music streaming market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the music streaming market size?Answer: The global music streaming market is expected to reach an estimated $72.3 billion by 2030.
Q2. What is the growth forecast for music streaming market?
Answer: The global music streaming market is expected to grow with a CAGR of 12.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the music streaming market?
Answer: The major drivers for this market are increasing usage of smart devices, rising availability of artificial intelligence and machine learning enabled streaming music experience, and growing popularity of personalized playlist recommendations.
Q4. What are the major segments for music streaming market?
Answer: The future of the music streaming market looks promising with opportunities in the individual and commercial markets.
Q5. Who are the key music streaming market companies?
Answer: Some of the key music streaming companies are as follows:
- Spotify
- Apple
- Amazon
- Deezer
- Pandora Media
- Tidal
Answer: The publisher forecasts that application will remain the larger segment over the forecast period due to its rising preference for among customers to have improved overall user experience while streaming music.
Q7. In music streaming market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to rising population's preference for advanced music hd service and presence of key players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the music streaming market by platform (apps and browsers), service (on-demand streaming and live streaming), content (audio and video), end use (individual and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Music Streaming Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Spotify
- Apple
- Amazon
- Deezer
- Pandora Media
- Tidal
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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