Music On-Demand - Global Strategic Business Report

The global market for Music On-Demand is estimated at US$48.3 Billion in 2023 and is projected to reach US$106.1 Billion by 2030, growing at a CAGR of 11.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the music on-demand market is driven by several factors, including advances in mobile technology, changes in consumer preferences, and the evolving structure of the music industry itself. As smartphones and data connectivity have become ubiquitous, the convenience of accessing a vast music library anytime and anywhere has propelled the adoption of streaming services. Consumer behavior has shifted towards valuing accessibility and personalization over ownership of physical media like CDs or vinyl records. Furthermore, the economic model of music on-demand services, which relies on subscription fees and targeted advertising, offers a sustainable revenue stream while providing consumers with relatively low-cost access to a wide range of music. Additionally, collaborations between music streaming services and telecommunications companies, which bundle streaming subscriptions with mobile data plans, have also contributed to the market`s expansion. These factors, combined with the industry`s focus on customer experience and integration with other digital platforms, suggest a continued growth trajectory for music on-demand services, shaping the future of music consumption.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Music Streaming segment, which is expected to reach US$80.3 Billion by 2030 with a CAGR of a 12.7%. The Radio On-Demand segment is also set to grow at 9.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $13.2 Billion in 2023, and China, forecasted to grow at an impressive 16.2% CAGR to reach $23.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Music On-Demand Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Music On-Demand Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Music On-Demand Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Amazon.com Inc., Apple Inc., Auracle Sound Ltd., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 49 Featured):

• Amazon.com Inc.
• Apple Inc.
• Auracle Sound Ltd.
• Canadian Broadcasting Corp.
• Deezer SA
• Gesellschaft für musikalische Aufführungs- und mechanische Vervielfältigungsrechte (GEMA)
• Katz Media Group
• LiveXLive Corp. (Liveone)
• Mixcloud Ltd.
• Mood Media Corp.
• NetEase, Inc.
• SoundCloud Ltd.
• Spotify AB
• Tencent Music Entertainment Group
• TIDAL Music AS;