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Cloud Music Streaming - Global Market Trajectory & Analytics

  • ID: 3633913
  • Report
  • July 2020
  • Region: Global
  • 131 pages
  • Global Industry Analysts, Inc
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Global Cloud Music Streaming Market to Reach US$27 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Cloud Music Streaming estimated at US$10.3 Billion in the year 2020, is projected to reach a revised size of US$27 Billion by 2027, growing at a CAGR of 14.8% over the period 2020-2027.Individual, one of the segments analyzed in the report, is projected to grow at a 15.5% CAGR to reach US$21 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial segment is readjusted to a revised 12.8% CAGR for the next 7-year period. This segment currently accounts for a 25.4% share of the global Cloud Music Streaming market.

The U. S. Accounts for Over 26.9% of Global Market Size in 2020, While China is Forecast to Grow at a 19.4% CAGR for the Period of 2020-2027

The Cloud Music Streaming market in the U. S. is estimated at US$2.8 Billion in the year 2020. The country currently accounts for a 26.94% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$6.2 Billion in the year 2027 trailing a CAGR of 19.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.5% and 13.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.7% CAGR while Rest of European market (as defined in the study) will reach US$6.2 Billion by the year 2027.The publisher brings years of research experience to this 18th edition of our report. The 131-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • 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

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

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

Global Competitor Market Shares

Cloud Music Streaming Competitor Market Share Scenario Worldwide (in %): 2018 & 2029

Impact of Covid-19 and a Looming Global Recession

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: Cloud Music Streaming Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Cloud Music Streaming Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: Individual (End-Use) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
TABLE 4: Individual (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027
TABLE 5: Commercial (End-Use) Worldwide Sales in US$ Million by Region/Country: 2020-2027
TABLE 6: Commercial (End-Use) Market Share Shift across Key Geographies: 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Cloud Music Streaming Market Share (in %) by Company: 2018 & 2025

Market Analytics
TABLE 7: United States Cloud Music Streaming Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 8: Cloud Music Streaming Market Share Breakdown in the United States by End-Use: 2020 VS 2027

CANADA

TABLE 9: Canadian Cloud Music Streaming Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 10: Canadian Cloud Music Streaming Market Share Analysis by End-Use: 2020 VS 2027

JAPAN

TABLE 11: Japanese Demand Estimates and Forecasts for Cloud Music Streaming in US$ Million by End-Use: 2020 to 2027
TABLE 12: Cloud Music Streaming Market Share Shift in Japan by End-Use: 2020 VS 2027

CHINA

TABLE 13: Chinese Demand for Cloud Music Streaming in US$ Million by End-Use: 2020 to 2027
TABLE 14: Chinese Cloud Music Streaming Market Share Breakdown by End-Use: 2020 VS 2027

EUROPE

Market Facts & Figures

European Cloud Music Streaming Market: Competitor Market Share Scenario (in %) for 2018 & 2025

Market Analytics
TABLE 15: European Cloud Music Streaming Market Demand Scenario in US$ Million by Region/Country: 2018-2025
TABLE 16: European Cloud Music Streaming Market Share Shift by Region/Country: 2020 VS 2027
TABLE 17: European Cloud Music Streaming Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 18: European Cloud Music Streaming Market Share Analysis by End-Use: 2020 VS 2027

FRANCE

TABLE 19: Cloud Music Streaming Quantitative Demand Analysis in France in US$ Million by End-Use: 2020-2027
TABLE 20: French Cloud Music Streaming Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027

GERMANY

TABLE 21: Cloud Music Streaming Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 22: Cloud Music Streaming Market Share Distribution in Germany by End-Use: 2020 VS 2027

ITALY

TABLE 23: Italian Demand for Cloud Music Streaming in US$ Million by End-Use: 2020 to 2027
TABLE 24: Italian Cloud Music Streaming Market Share Breakdown by End-Use: 2020 VS 2027

UNITED KINGDOM

TABLE 25: United Kingdom Demand Estimates and Forecasts for Cloud Music Streaming in US$ Million by End-Use: 2020 to 2027
TABLE 26: Cloud Music Streaming Market Share Shift in the United Kingdom by End-Use: 2020 VS 2027

SPAIN

TABLE 27: Spanish Cloud Music Streaming Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 28: Spanish Cloud Music Streaming Market Share Analysis by End-Use: 2020 VS 2027

RUSSIA

TABLE 29: Russian Cloud Music Streaming Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 30: Cloud Music Streaming Market Share Breakdown in Russia by End-Use: 2020 VS 2027

REST OF EUROPE

TABLE 31: Rest of Europe Cloud Music Streaming Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 32: Rest of Europe Cloud Music Streaming Market Share Analysis by End-Use: 2020 VS 2027

ASIA-PACIFIC

TABLE 33: Asia-Pacific Cloud Music Streaming Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 34: Asia-Pacific Cloud Music Streaming Market Share Analysis by Region/Country: 2020 VS 2027
TABLE 35: Cloud Music Streaming Quantitative Demand Analysis in Asia-Pacific in US$ Million by End-Use: 2020-2027
TABLE 36: Asia-Pacific Cloud Music Streaming Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027

AUSTRALIA

TABLE 37: Cloud Music Streaming Market in Australia: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 38: Cloud Music Streaming Market Share Distribution in Australia by End-Use: 2020 VS 2027

INDIA

TABLE 39: Indian Cloud Music Streaming Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 40: Indian Cloud Music Streaming Market Share Analysis by End-Use: 2020 VS 2027

SOUTH KOREA

TABLE 41: Cloud Music Streaming Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by End-Use for the Period 2020-2027
TABLE 42: Cloud Music Streaming Market Share Distribution in South Korea by End-Use: 2020 VS 2027

REST OF ASIA-PACIFIC

TABLE 43: Rest of Asia-Pacific Demand Estimates and Forecasts for Cloud Music Streaming in US$ Million by End-Use: 2020 to 2027
TABLE 44: Cloud Music Streaming Market Share Shift in Rest of Asia-Pacific by End-Use: 2020 VS 2027

LATIN AMERICA

TABLE 45: Latin American Cloud Music Streaming Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 46: Latin American Cloud Music Streaming Market Percentage Breakdown of Sales by Region/Country: 2020 and 2027
TABLE 47: Latin American Demand for Cloud Music Streaming in US$ Million by End-Use: 2020 to 2027
TABLE 48: Latin American Cloud Music Streaming Market Share Breakdown by End-Use: 2020 VS 2027

ARGENTINA

TABLE 49: Argentinean Cloud Music Streaming Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 50: Argentinean Cloud Music Streaming Market Share Analysis by End-Use: 2020 VS 2027

BRAZIL

TABLE 51: Cloud Music Streaming Quantitative Demand Analysis in Brazil in US$ Million by End-Use: 2020-2027
TABLE 52: Brazilian Cloud Music Streaming Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027

MEXICO

TABLE 53: Cloud Music Streaming Market in Mexico: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 54: Cloud Music Streaming Market Share Distribution in Mexico by End-Use: 2020 VS 2027

REST OF LATIN AMERICA

TABLE 55: Rest of Latin America Cloud Music Streaming Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 56: Cloud Music Streaming Market Share Breakdown in Rest of Latin America by End-Use: 2020 VS 2027

MIDDLE EAST

TABLE 57: The Middle East Cloud Music Streaming Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025
TABLE 58: The Middle East Cloud Music Streaming Market Share Breakdown by Region/Country: 2020 and 2027
TABLE 59: The Middle East Cloud Music Streaming Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 60: The Middle East Cloud Music Streaming Market Share Analysis by End-Use: 2020 VS 2027

IRAN

TABLE 61: Iranian Demand Estimates and Forecasts for Cloud Music Streaming in US$ Million by End-Use: 2020 to 2027
TABLE 62: Cloud Music Streaming Market Share Shift in Iran by End-Use: 2020 VS 2027

ISRAEL

TABLE 63: Israeli Cloud Music Streaming Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 64: Israeli Cloud Music Streaming Market Share Analysis by End-Use: 2020 VS 2027

SAUDI ARABIA

TABLE 65: Saudi Arabian Demand for Cloud Music Streaming in US$ Million by End-Use: 2020 to 2027
TABLE 66: Saudi Arabian Cloud Music Streaming Market Share Breakdown by End-Use: 2020 VS 2027

UNITED ARAB EMIRATES

TABLE 67: Cloud Music Streaming Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by End-Use for the Period 2020-2027
TABLE 68: Cloud Music Streaming Market Share Distribution in United Arab Emirates by End-Use: 2020 VS 2027

REST OF MIDDLE EAST

TABLE 69: Cloud Music Streaming Market in Rest of Middle East: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 70: Cloud Music Streaming Market Share Distribution in Rest of Middle East by End-Use: 2020 VS 2027

AFRICA

TABLE 71: African Cloud Music Streaming Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 72: Cloud Music Streaming Market Share Breakdown in Africa by End-Use: 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 29

Note: Product cover images may vary from those shown
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