Online Music Streaming Market 2020-2026
発行: Orion Market Research Pvt Ltd
GLOBAL VIDEO STREAMINGONLINE MUSIC STREAMINGMARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
Global Online Music Streaming Market Size, Share & Trends Analysis Report by Service (On-Demand Streaming and Live Streaming), By Content Type (Audio Streaming and Video Streaming), By Platform (Browser and Application), By End-User (Residential & Commercial), By Revenue Model (Subscription & Advertisement) Forecast Period 2020-2026
The global online music streaming market is anticipated to grow at a considerable CAGR during the forecast period. The growth of the market can be attributed to the rising number of digital platforms and the growing adoption of smart devices. Platforms offering users accurate song recommendation, playlist customization, and hassle-free accessibility on browsers as well as on mobile application is also a major driving factor for the market. Besides, increasing smartphone penetration and the rise in the number of service providers across the globe are positively impacting the online music streaming market. Likewise, the availability of regional content and the rising popularity of live streaming platforms are fueling the market growth.
The global online music streaming market is segmented based on service, content type, platform, end-user, and revenue model. Based on the service, the market is sub-segmented into on-demand online music streaming and live online music streaming. Based on the content type, the market is bifurcated into audio streaming and video streaming. Based on the platform the market is segmented into browsers and applications dry online music streaming. Further, based on end-users the market is segmented into residential and commercial. Based on the revenue model, the market is segmented into subscriptions and advertisements. The subscription revenue model is witnessing a lucrative growth rate owing to the increasing demand for hassle-free and ad-free experience by the users.
The global online music streaming market is further segmented based on geography into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to show significant growth in the market during the forecast period. The growth in the region is attributed to the increase in smartphone penetration and the rising adoption of smart devices in the region. Moreover, owing to the menace of piracy in developing countries, artists are opting for streaming services, hence fueling the market growth.
The key players of the global online music streaming market include Amazon.com, Inc., Apple, Inc., Google LLC., Spotify AB, Pandora Media, Inc., Deezer, SoundCloud Limited, Tidal (Aspiro AB), JOOX others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in May 2019, SoundCloud agreed to acquire leading rights management and distribution company, Repost Network. With this acquisition, SoundCloud will be able to provide tools and services such as streaming distribution, analytics dashboards, and content protection to high-performing and emerging creators.
The market study of the global online music streaming market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring more authenticity to reports.
Secondary Sources Include:
Financial reports of companies involved in the market.
Whitepapers, research-papers, and news blogs.
Company websites and their product catalog.
The report is intended for digital media companies, music companies, software companies, seed funders, venture capitalists, start-ups, research organizations, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
1. Global Online Music Streaming Market Research and Analysis by Service
2. Global Online Music Streaming Market Research and Analysis by Content-Type
3. Global Online Music Streaming Market Research and Analysis by Platform
4. Global Online Music Streaming Market Research and Analysis by End-User
5. Global Online Music Streaming Market Research and Analysis by Revenue Model
The Report Covers:
Comprehensive research methodology of the global online music streaming market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global online music streaming market.
Insights about market determinants that are stimulating the global online music streaming market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.