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Cloud Music Streaming - Global Strategic Business Report

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    Report

  • 187 Pages
  • May 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 3633913
The global market for Cloud Music Streaming is estimated at US$23 Billion in 2023 and is projected to reach US$60.9 Billion by 2030, growing at a CAGR of 14.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Individual End-Use segment, which is expected to reach US$48.8 Billion by 2030 with a CAGR of 15.7%. The Commercial End-Use segment is also set to grow at 12.1% CAGR over the next 7 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $5.9 Billion in 2023, and China, forecasted to grow at an impressive 19.3% CAGR to reach $15.5 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 Cloud Music Streaming 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 Cloud Music Streaming 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 Cloud Music Streaming 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., Deezer, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 29 Featured):

  • Amazon.com, Inc.
  • Apple Inc.
  • Deezer
  • Google Inc.
  • Microsoft Corp.
  • Napster
  • Pandora Media, Inc.
  • Saavn, LLC
  • SoundCloud Limited
  • Spotify Ltd.
  • Tencent Holdings Ltd.
  • Tencent Music Entertainment Group
  • Tidal
  • YouTube Red
  • YouTube, LLC

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Cloud as a Platform for Entertainment: A Peek Into the Many Faces of the Cloud
  • Recent Market Activity
  • Cloud Music: A Lucrative Game Changer in the Entertainment Industry
  • Cloud Music Platform: A Saving Grace for the Music Industry Ravaged by Declining Sales of Physical Albums
  • Market Outlook
  • Cloud Music Streaming - Global Key Competitors Percentage Market Share in 2024 (E)
  • Global Economic Update
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
  • Amazon.com, Inc. (USA)
  • Apple Inc. (USA)
  • Deezer (France)
  • Google Inc. (USA)
  • YouTube, LLC (USA)
  • YouTube Red
  • KKBOX, Inc. (Taiwan)
  • Microsoft Corp. (USA)
  • Napster (USA)
  • Pandora Media, Inc. (USA)
  • Saavn, LLC (USA)
  • SoundCloud Limited (Germany)
  • Spotify Ltd. (UK)
  • Tencent Holdings Ltd. (China)
  • Tencent Music Entertainment Group
  • Tidal (USA)
3. MARKET TRENDS & DRIVERS
  • Rise of the On-Demand Economy to Accelerate Growth of On-Demand Streaming Services
  • High-Speed Internet Penetration & Bandwidth Expansion Provide the Foundation for Growth of Cloud Music
  • Since Cloud Music Experiences are only as good as the Network, Developments in Internet Architecture are Crucial for Future Growth & Proliferation
  • Growing Investments in 4G/LTE & 5G to Strengthen the Robustness of Cloud Music
  • Favorable Smartphone Usage Patterns for Entertainment Supports Growth in the Market II-11 PorTable Music Revolution Is Here!
  • Development of Cloud Storage and Backup, Primes the Music Audience for the Cloud Era
  • Highly Engaged with Music, Young Consumers Emerge as a Lucrative Customer Cluster
  • Service Providers Get Ready to Engage With the "Streaming First" Generation
  • Developing Countries Emerge as Hotspots for Future Growth
  • Multiple Business Models Compete for Customer Acquisition
  • The Rising Tide of Streaming Raises All Boats
  • Service Providers Focus on "Lean Back Listeners" to Drive New Revenue Growth
  • Cloud Music Services Enable Piracy Reduction
  • Music Licensing Costs Rise for Streaming Service Providers
  • Licensing Costs for Select Streaming Services
  • Curation and Recommendations Emerge as Key Service Differentiators
  • Ability to Discover Music: A Growing Area of Focus to Gain Competitive Edge
  • Social Media Music: A New Channel for Streaming Services to Reach Out to Consumers
  • Cloud Music Shows the Promise of Addressing the Value Gap Issue in the Music Industry
  • Devices Used to Listen to Streaming Music Shapes the Technological Landscape
  • Cloud Music Streaming on Wearable Devices Catches Fire
  • TomTom Spark 3 Cardio + Music
  • Apple Watch Nike+
  • Samsung Gear S3
  • Polar M600
  • New Balance RunIQ
  • LG Watch Sport
  • Moto 360 Sport
  • In-Car Music Streaming Gathers Momentum
  • Competition: A Review
  • Heavy Consolidation Activity During the Years 2013 to 2016
  • List of Music Streaming Services Shuttered/Acquired: 2013-2016
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Cloud Music Streaming by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 2: World 7-Year Perspective for Cloud Music Streaming by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2024 & 2030
  • Table 3: World Recent Past, Current & Future Analysis for Individual by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 4: World 7-Year Perspective for Individual by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 6: World 7-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2024 & 2030
  • Table 7: World Cloud Music Streaming Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Table 8: USA Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 9: USA 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
CANADA
  • Table 10: Canada Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 11: Canada 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
JAPAN
  • Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Table 12: Japan Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 13: Japan 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
CHINA
  • Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Table 14: China Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 15: China 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
EUROPE
  • Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Table 16: Europe Recent Past, Current & Future Analysis for Cloud Music Streaming by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 17: Europe 7-Year Perspective for Cloud Music Streaming by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2024 & 2030
  • Table 18: Europe Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 19: Europe 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
FRANCE
  • Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • Table 20: France Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 21: France 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
GERMANY
  • Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • Table 22: Germany Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 23: Germany 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
ITALY
  • Table 24: Italy Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 25: Italy 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
UNITED KINGDOM
  • Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Table 26: UK Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 27: UK 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
SPAIN
  • Table 28: Spain Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 29: Spain 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
RUSSIA
  • Table 30: Russia Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 31: Russia 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
REST OF EUROPE
  • Table 32: Rest of Europe Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 33: Rest of Europe 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
ASIA-PACIFIC
  • Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Table 34: Asia-Pacific Recent Past, Current & Future Analysis for Cloud Music Streaming by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 35: Asia-Pacific 7-Year Perspective for Cloud Music Streaming by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2024 & 2030
  • Table 36: Asia-Pacific Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 37: Asia-Pacific 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
AUSTRALIA
  • Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
  • Table 38: Australia Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 39: Australia 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
INDIA
  • Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
  • Table 40: India Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 41: India 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
SOUTH KOREA
  • Table 42: South Korea Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 43: South Korea 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
REST OF ASIA-PACIFIC
  • Table 44: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 45: Rest of Asia-Pacific 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
LATIN AMERICA
  • Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
  • Table 46: Latin America Recent Past, Current & Future Analysis for Cloud Music Streaming by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 47: Latin America 7-Year Perspective for Cloud Music Streaming by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2024 & 2030
  • Table 48: Latin America Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 49: Latin America 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
ARGENTINA
  • Table 50: Argentina Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 51: Argentina 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
BRAZIL
  • Table 52: Brazil Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 53: Brazil 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
MEXICO
  • Table 54: Mexico Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 55: Mexico 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
REST OF LATIN AMERICA
  • Table 56: Rest of Latin America Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 57: Rest of Latin America 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
MIDDLE EAST
  • Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
  • Table 58: Middle East Recent Past, Current & Future Analysis for Cloud Music Streaming by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 59: Middle East 7-Year Perspective for Cloud Music Streaming by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2024 & 2030
  • Table 60: Middle East Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 61: Middle East 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
IRAN
  • Table 62: Iran Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 63: Iran 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
ISRAEL
  • Table 64: Israel Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 65: Israel 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
SAUDI ARABIA
  • Table 66: Saudi Arabia Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 67: Saudi Arabia 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
UNITED ARAB EMIRATES
  • Table 68: UAE Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 69: UAE 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
REST OF MIDDLE EAST
  • Table 70: Rest of Middle East Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 71: Rest of Middle East 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
AFRICA
  • Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
  • Table 72: Africa Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 73: Africa 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
IV. COMPETITION

Companies Mentioned (Partial List)

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

  • Amazon.com, Inc.
  • Apple Inc.
  • Deezer
  • Google Inc.
  • Microsoft Corp.
  • Napster
  • Pandora Media, Inc.
  • Saavn, LLC
  • SoundCloud Limited
  • Spotify Ltd.
  • Tencent Holdings Ltd.
  • Tencent Music Entertainment Group
  • Tidal
  • YouTube Red
  • YouTube, LLC

Table Information