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Online Music Streaming in Australia

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    Report

  • 43 Pages
  • June 2024
  • Region: Australia
  • MarketLine
  • ID: 6052871
Description Jump to:
Online Music Streaming in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The online music streaming market includes the revenue generated from the streaming of music online. This revenue is primarily generated from two sources: subscription services and ad-supported streams.
  • The Australian online music streaming market recorded revenues of $535.9 million in 2023, representing a compound annual growth rate (CAGR) of 9.7% between 2018 and 2023.
  • The subscription services segment accounted for the market's largest proportion in 2023, with total revenues of $467.6 million, equivalent to 87.3% of the market's overall value.
  • Australia held a 2.2% market share in the global online music streaming market in 2023.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the online music streaming market in Australia
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the online music streaming market in Australia
  • Leading company profiles reveal details of key online music streaming market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Australia online music streaming market with five year forecasts by both value and volume

Reasons to Buy

  • What was the size of the Australia online music streaming market by value in 2023?
  • What will be the size of the Australia online music streaming market in 2028?
  • What factors are affecting the strength of competition in the Australia online music streaming market?
  • How has the market performed over the last five years?
  • How large is Australia’s online music streaming market in relation to its regional counterparts?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. What strategies do the leading players follow?
7.4. What are the recent developments in the market?
8 Company Profiles
8.1. Spotify AB
8.2. Apple Inc
8.3. YouTube LLC
8.4. Amazon.com, Inc.
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: Australia online music streaming market value: $ million, 2018-23
Table 2: Australia online music streaming market category segmentation: % share, by value, 2018-23
Table 3: Australia online music streaming market category segmentation: $ million, 2018-23
Table 4: Australia online music streaming market geography segmentation: $ million, 2023
Table 5: Australia online music streaming market value forecast: $ million, 2023-28
Table 6: Spotify AB: Key Facts
Table 7: Spotify AB: Key Employees
Table 8: Apple Inc: Key Facts
Table 9: Apple Inc: Annual Financial Ratios
Table 10: Apple Inc: Key Employees
Table 11: YouTube LLC: Key Facts
Table 12: YouTube LLC: Key Employees
Table 13: Amazon.com, Inc.: Key Facts
Table 14: Amazon.com, Inc.: Annual Financial Ratios
Table 15: Amazon.com, Inc.: Key Employees
Table 16: Australia Size of Population (million), 2019-23
Table 17: Australia real GDP (Constant 2010 Prices, $ billion), 2019-23
Table 18: Australia GDP (Current Prices, $ Billion), 2019-23
Table 19: Australia Inflation, 2019-23
Table 20: Australia Consumer Price Index (Absolute), 2019-23
Table 21: Australia exchange rate, 2018-23
List of Figures
Figure 1: Australia online music streaming market value: $ million, 2018-23
Figure 2: Australia online music streaming market category segmentation: $ million, 2018-23
Figure 3: Australia online music streaming market geography segmentation: % share, by value, 2023
Figure 4: Australia online music streaming market value forecast: $ million, 2023-28
Figure 5: Forces driving competition in the online music streaming market in Australia, 2023
Figure 6: Drivers of buyer power in the online music streaming market in Australia, 2023
Figure 7: Drivers of supplier power in the online music streaming market in Australia, 2023
Figure 8: Factors influencing the likelihood of new entrants in the online music streaming market in Australia, 2023
Figure 9: Factors influencing the threat of substitutes in the online music streaming market in Australia, 2023
Figure 10: Drivers of degree of rivalry in the online music streaming market in Australia, 2023

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Spotify AB
  • Apple Inc
  • YouTube LLC
  • Amazon.com, Inc.

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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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