Online Music Streaming in Australia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). 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. Subscription service charges are generally paid monthly or annually by users who want to access exclusive content or avoid ads while listening. Ad-supported streams, on the other hand, are free to use but display ads during the streaming experience.
- The Australian online music streaming market recorded revenues of $578.7 million in 2024, representing a compound annual growth rate (CAGR) of 10.2% between 2019 and 2024.
- The subscription services segment accounted for the market's largest proportion in 2024, with total revenues of $509.1 million, equivalent to 88.0% of the market's overall value.
- In 2024, the Australian online music streaming market experienced an annual growth of 8.0%. The market’s strong growth is driven by the increased number of internet users. According to the World Bank, in 2024, the internet users in Australia reached 25.9 million, up 2.2% from 2023. This increase in internet users enabled consumers to gain access to seamless online music streaming rather than relying on physical media or downloads.
Report Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, 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 2024?
- What will be the size of the Australia online music streaming market in 2029?
- 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?
- Who are the top competitors in Australia's online music streaming market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
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
