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Music Streaming Market Share 2020: Top Countries Data, Global Analysis, Market Size, Growth, Latest Innovations, Opportunities and Forecast to 2025

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Music Streaming Market Share 2020: Top Countries Data, Global Analysis, Market Size, Growth, Latest Innovations, Opportunities and Forecast to 2025

June 11
14:36 2020
Music Streaming Market Share 2020: Top Countries Data, Global Analysis, Market Size, Growth, Latest Innovations, Opportunities and Forecast to 2025

Music Streaming Market
According to report publish a new market research report on the “Music Streaming Market: Global Size, Trends, Competitive, Historical and Forecast Analysis, 2020-2025”

 

A recent report on Music Streaming Market provides a detailed analysis of the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and the latest growth trends accepted by key players that form a part of the competitive spectrum of this business.

Global Music Streaming Market is valued at USD XXXX in 2019 and expected to reach XXXX by 2025 with the CAGR of X% over the forecast period.

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Scope of Global Music Streaming Market Report-

Music streaming can be defined as the transmission of music in compressed form via the Internet, following the retrieval and playback at the convenience and time of the user without downloading the music files. These services do not require additional storage space. Depending on the user’s choice, millions of songs can be accessed. The difference between online music streaming and downloading multimedia is that a copy of the music is not saved on the hard drive. If you want to hear it again, you can easily stream it again, although some paid music streaming services allow you to choose to stream and download simultaneously. The way the streaming process works is that the audio files are transferred in small packets, so that the data is cached on your computer and read immediately. As long as a stable data packet is delivered to your computer, you can hear the sound without any interference.

There are many benefits pertaining to music streaming. First of all, it is the most convenient and most popular platform for people. In the growing world of digitization, masses prefer to cherish their hobby of listening to music in the most updated and advanced manner, which is online streaming wherein they are provided with various options to personalize their music experience, like podcasts, customized playback lists and others. These features tempt the users to go for online music streaming. Another catering benefit of music streaming is its aid in eliminating privacy. Piracy is a major problem faced by music industry where due to the music and songs being pirated by anti-social elements, artists are paid no commission on their compositions. Subscription strategies and models allow artists to be paid from consumers, many of whom move from paying for pirated music to get a low cost and beneficial subscriptions on one or more music streaming platforms. Other benefits of digital music streaming are better analytics for music, easy distribution on streaming channels and others.  

Global Music Streaming Market is segmented on the basis of content and end-user. On the basis of the type of content, market is segmented into audio and video streaming. On the basis of end-user, market is segmented into individual or residential, and commercial.

The regions covered in this Music Streaming market report are North America, Europe, Asia Pacific and rest of the World. On the basis of country level, market ofMusic Streaming is subdivided into U.S., Mexico, Canada, U.K., Germany, France, Italy, China, Japan, South East Asia, Africa, etc.

Key Players Music Streaming Market Report-

Music Streaming Market report covers major key players in the market like Apple, Spotify, Deezer, Google, Pandora, JOOX, Amazon Music, SoundCloud, iHeartRadio, and TIDAL.

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News-

Spotify renews deal with Warner Music, improves Music Library in India

April1st, 2020; Music streaming giant, Spotify, renews its global licensing contracts with Warner Music to enhance the scope of its music library in India. The company had lost many of the songs in a series when it broke off the dealership with Warner a year ago. To re-gain its goodwill among customers and enrich its music library, Spotify took about a year to fic the problems and renew the contracts with Warner Music, this has been done to increase the competence of Spotify against its competitors like Apple, Amazon music etc.

Global Music Streaming Market Dynamics-

Increasing internet penetration with the growing pace of digitisation, rising usage of smartphones and laptops by an overwhelming youth population, and cheaper annual subscriptions of digital music apps are the major factors for driving the growth of Global Music Streaming Market. As per the statistics, around 229 million people worldwide have streaming subscriptions in which Amazon Music topped the list with nearly 65.4% service subscriptions in the survey presented in Music Consumption-The Overall Landscape 2018. The same survey revealed that about 56.3% of the people stated exercising smartphone music listening daily, whereas laptop streaming stood at around 20%. Moreover, increase in the exclusiveness in content, with various attractive and innovative features like podcasting, originals and personalized music charts, are also driving the growth of the market.

However, increasing instances of piracy in music industry, rising competition from a large line of music streaming companies and growing expenditure on licensing and contracting are some of the factors that may hamper the growth of the Music Streaming market.

There are increasing incidences of shifting consumer behaviour and preference towards on-time, on-demand services as per their own convenience and time, along with customized and dedicated personalizing in-app post-subscription options, are expected to provide lucrative opportunities for the market growth of Music streaming. 

North America is expected to remain a dominant region in the Global Music Streaming Market.

North America is expected to dominate the major share of the market due to the high uptake of digital music in the United States, and the availability of resources to provide end users with a quality streaming experience. Also, there is a disposable income of the population in the region. The region has witnessed high adoption of advanced data services, such as uninterrupted 4G and high-speed broadband connections. US has encountered the largest streaming penetration in 2018, where, 1 person listened to online music for around 32 hours a week, this makes the user penetration rate into streaming somewhere near 47.3%.
Asia Pacific is expected to exhibit a significant growth in Music streaming market on account of the rising adoption of digitization, a large-scale availability of free music streaming applications like JOOX, Gaana, Saavn etc. There is an increase in awareness regarding the risks of piracyin music which is further fueling the adoption of digital music streaming. The developing countries in the region like India, China and others are exhibiting raising establishments of streaming platforms to utilize the untapped potential in the region. According to Audio OTT Economy in India, developing economies like India, a consumer, on an average, spends nearly 21.5 hours per week listening to music. The country accounts for around 225 million video streaming subscriptions and 150 million digital audio subscriptions, which is expected to grow even more in coming years. Hence, APAC region will show an inclining growth. 

Key Benefits of Global Music Streaming Market Report-

Global market report covers in depth historical and forecast analysis.

Global market research report provides detailed information about Market Introduction, Market Summary, Global Market Revenue (USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country level.

Global market report helps to identify opportunities in market place.

Global market report covers extensive analysis of emerging trends and competitive landscape.

Complete Report Details @ https://industrystatsreport.com/ICT-and-Media/Music-Streaming-Market-Size/Summary

Global Music Streaming Market Segmentation: –

By Content:
Audio Streaming
Video Streaming

By End-User:
Individual
Commercial

By Regional Analysis: (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Table of Content

1 Study Coverage
1.1 Music Streaming Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Executive Summary
2.1 Global Music Streaming Market Size
2.2 Music Streaming Growth Rate (CAGR) 2020-2025
2.3 Analysis of Competitive Landscape
2.4 Key Trends for Music Streaming Markets & Products

3 Market Size by Manufacturers
3.1 Music Streaming Production by Manufacturers
3.2 Music Streaming Revenue by Manufacturers
3.3 Music Streaming Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans

4 Music Streaming Production by Regions
4.1 Global Music Streaming Production by Regions
4.2 North America
4.3 Europe
4.4 China
4.5 Japan

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