Global Music Streaming Market 2017-2021

  • ID: 4372351
  • Report
  • Region: Global
  • 72 pages
  • TechNavio
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FEATURED COMPANIES

  • Apple
  • Curb Records
  • Gaana.com (Gamma Gaana)
  • Guvera
  • iHeartMedia
  • Myspace
  • MORE
About Music Streaming

Music streaming refers to a service that enables users to stream and listen to music/songs using a device connected to the Internet. Two types of services are available to users: paid music streaming and free music streaming. Music streaming allows the service providers to purchase digital rights from music recording companies. Users can access tracks listed on the service provider's application and website, based on the subscription type they purchase. These subscribers can also download music and playlists directly to their devices for offline listening, which does not require an Internet connection.

The analysts forecast the global music streaming market to grow at a CAGR of 14.05% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global music streaming market for 2017-2021. To calculate the market size, the report considers the sales value as generated from free (advertising-based revenue) and subscription-based music streaming services.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Music Streaming Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Apple,
  • Deezer,
  • Google,
  • iHeartMedia,
  • Pandora Media,
  • Spotify
Other prominent vendors
  • Aspiro Group
  • Curb Records
  • Gaana.com (Gamma Gaana)
  • Guvera
  • Hungama MyPlay
  • Mixcloud
  • Myspace
  • Napster
  • RadioTime
  • Saavn
  • SoundCloud
Market drivers
  • High growth in mobile ad spending market
  • For a full, detailed list, view the full report
Market challenges
  • Intense competition and inconsistent user preferences
  • For a full, detailed list, view the full report
Market trends
  • Rise of wearable technology
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Apple
  • Curb Records
  • Gaana.com (Gamma Gaana)
  • Guvera
  • iHeartMedia
  • Myspace
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
  • Types of music by service
  • Types of music fans
PART 05: Market landscape
  • Market overview
  • Global music streaming market
  • Five forces analysis
PART 06: Market segmentation by streaming type
  • Global music streaming market by streaming type
  • Global free music streaming market
  • Global paid music streaming market
PART 07: Market segmentation by end-user
  • Global music streaming market by end-user
  • Global music streaming market by individual user
  • Global music streaming market by commercial user
PART 08: Buying criteria
  • Buying criteria
PART 09: Geographical segmentation
  • Global music streaming market by geography
  • Music streaming market in the Americas
  • Music streaming market in EMEA
  • Music streaming market in APAC
PART 10: Key leading countries
  • Key leading countries in global music streaming market
  • US
  • UK
  • Germany
PART 11: Decision framework

PART 12: Drivers and challenges
  • Market drivers
  • Market challenges
PART 13: Market trends
  • Rise of wearable technology
  • Licensing agreements with new revenue streams
  • Advent of smart speakers
  • Globalization of marketplace
  • Popularity of cloud-based music streaming services
PART 14: Vendor landscape
  • Competitive scenario
  • Key leading vendors
  • Other prominent vendors
PART 15: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Share of global music streaming market in global music market 2016
Exhibit 02: Evolution of music industry
Exhibit 03: Global music market by types of music fans 2016 (% share)
Exhibit 04: Overview of global music streaming market
Exhibit 05: Global music streaming market 2016-2021 ($ billions)
Exhibit 06: Five forces analysis
Exhibit 07: Global music streaming market by streaming type 2016-2021 (% of revenue)
Exhibit 08: CAGR comparison: Global music streaming market by streaming type 2016-2021
Exhibit 09: Global free music streaming market 2016-2021 ($ billions)
Exhibit 10: Global paid music streaming market 2016-2021 ($ billions)
Exhibit 11: Global music streaming market by end-user 2016-2021 (% of revenue)
Exhibit 12: CAGR comparison: Global music streaming market by end-user 2016-2021
Exhibit 13: Global music streaming market by individual user 2016-2021 ($ billions)
Exhibit 14: Global music streaming market by commercial user 2016-2021 ($ billions)
Exhibit 15: Buying criteria of music streaming
Exhibit 16: Global music streaming market by geography 2016-2021 (% of revenue)
Exhibit 17: Revenue comparison: Global music streaming market by geography 2016-2021 ($ billions)
Exhibit 18: CAGR comparison: Global music streaming market by geography 2016-2021
Exhibit 19: Music streaming market in the Americas 2016-2021 ($ billions)
Exhibit 20: Music streaming market in EMEA 2016-2021 ($ billions)
Exhibit 21: Music streaming market in APAC 2016-2021 ($ billions)
Exhibit 22: Key leading countries in global music streaming market 2016 (market share)
Exhibit 23: Music streaming market in the US 2016-2021 ($ billions)
Exhibit 24: Music streaming market in the UK 2016-2021 ($ billions)
Exhibit 25: Music streaming market in Germany 2016-2021 ($ billions)
Exhibit 26: Global mobile app download market 2016-2021 (billion downloads)
Exhibit 27: Other prominent vendors
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FEATURED COMPANIES

  • Apple
  • Curb Records
  • Gaana.com (Gamma Gaana)
  • Guvera
  • iHeartMedia
  • Myspace
  • MORE
New Report Released: - Global Music Streaming Market 2017-2021

The author of the report recognizes the following companies as the key players in the global music streaming market: Apple, Deezer, Google, iHeartMedia, Pandora Media, and Spotify.

Other Prominent Vendors in the market are: Aspiro Group, Curb Records, Gaana.com (Gamma Gaana), Guvera, Hungama MyPlay, Mixcloud, Myspace, Napster, RadioTime, Saavn, and SoundCloud.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Rise of wearable technology. Wearable technology is one of the fastest-growing markets in the consumer electronics segment. With the growing popularity and availability of smartwatches such as Apple Watch, LG G Watch R, and Moto 360, a large number of music service providers are developing compatible applications for these devices. For instance, Soundhound, Shazam, and Pandora Radio are some of the compatible music apps for Apple Watch, whereas Google Play supports Moto 360. As these apps enable direct access to the music service through the wearable device, users can access music at their convenience and even on the go”

According to the report, one of the major drivers for this market is High growth in mobile ad spending market. Mobile advertising is currently one of the most popular methods of advertising. The increased penetration of smartphones and tablets worldwide is one of the major driving forces for the growth of digital music. Vendors also offer free downloading and streaming services for mobile devices. Mobile ad spending is one of the major sources of revenue for digital music service providers, which in turn supports the growth of the music streaming market. In 2016, the global mobile ad spending market was valued at $98.95 billion, and we expect this to grow at a CAGR of 13.07% to reach $182.89 billion by 2021.

Further, the report states that one of the major factors hindering the growth of this market is Intense competition and inconsistent user preferences. Competition among service providers in the global music streaming market is very intense, especially in the developing countries. The markets in developing countries such as India are highly fragmented, with the presence of a number of global as well as domestic players. This leads to intense competition and, in turn, price wars among mobile app vendors. These price wars have significant negative impact on the growth of the market, as cost is one of the major differentiating factors for consumers in these countries.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Apple
  • Deezer
  • Google
  • iHeartMedia
  • Pandora Media
  • Spotify
  • Aspiro Group
  • Curb Records
  • Gaana.com (Gamma Gaana)
  • Guvera
  • Hungama MyPlay
  • Mixcloud
  • Myspace
  • Napster
  • RadioTime
  • Saavn
  • SoundCloud
Note: Product cover images may vary from those shown
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