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FEATURED COMPANIES
- Alphabet Inc.
- Amazon.com Inc.
- Apple Inc.
- Sirius XM Holdings Inc.
- Spotify AB.
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
Global Music Streaming Service Market: About this market
The music streaming service market analysis considers sales from both individual and commercial end-users. The analysis also considers the sales of music streaming service in APAC, Europe, North America, South America, and MEA. In 2018, the individual segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as easy access to music online and increasing use of smart-handheld devices will play a significant role in the individual segment to maintain its market position. Also, the global music streaming service market report looks at factors such as increasing preference for music streaming service, the decline in physical sales of music, and increase in mobile ads driving revenue for music streaming apps. However, lack of ownership in music streaming, low-profit margins of vendors, and illegal downloads and piracy may hamper the growth of the music streaming service industry over the forecast period.
Global Music Streaming Service Market: Overview
Increasing preference for music streaming services
Globally, the development of wired and wireless technologies and telecommunication standards such as 3G, 4G, and 5G has resulted in an improvement of Internet bandwidth, thereby supporting the adoption of music streaming services across the world. Music streaming services help prevent illegal downloading and sharing of music. This demand for increasing preference for music streaming services will lead to the expansion of the global music streaming service market at a CAGR of over 16% during the forecast period.
Increasing introduction of differentiated music streaming services
The increasing introduction of differentiated music streaming services in the global music streaming service market is leading the vendors to provide streaming services to their customers with several features, including easy accessibility on various platforms, auto playlist customization, and high audio quality. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global music streaming service market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading music streaming service manufacturers, that include Alphabet Inc., Amazon.com Inc., Apple Inc., Sirius XM Holdings Inc., Spotify AB.
Also, the music streaming service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The music streaming service market analysis considers sales from both individual and commercial end-users. The analysis also considers the sales of music streaming service in APAC, Europe, North America, South America, and MEA. In 2018, the individual segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as easy access to music online and increasing use of smart-handheld devices will play a significant role in the individual segment to maintain its market position. Also, the global music streaming service market report looks at factors such as increasing preference for music streaming service, the decline in physical sales of music, and increase in mobile ads driving revenue for music streaming apps. However, lack of ownership in music streaming, low-profit margins of vendors, and illegal downloads and piracy may hamper the growth of the music streaming service industry over the forecast period.
Global Music Streaming Service Market: Overview
Increasing preference for music streaming services
Globally, the development of wired and wireless technologies and telecommunication standards such as 3G, 4G, and 5G has resulted in an improvement of Internet bandwidth, thereby supporting the adoption of music streaming services across the world. Music streaming services help prevent illegal downloading and sharing of music. This demand for increasing preference for music streaming services will lead to the expansion of the global music streaming service market at a CAGR of over 16% during the forecast period.
Increasing introduction of differentiated music streaming services
The increasing introduction of differentiated music streaming services in the global music streaming service market is leading the vendors to provide streaming services to their customers with several features, including easy accessibility on various platforms, auto playlist customization, and high audio quality. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global music streaming service market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading music streaming service manufacturers, that include Alphabet Inc., Amazon.com Inc., Apple Inc., Sirius XM Holdings Inc., Spotify AB.
Also, the music streaming service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Alphabet Inc.
- Amazon.com Inc.
- Apple Inc.
- Sirius XM Holdings Inc.
- Spotify AB.
PART 01: EXECUTIVE SUMMARYPART 08: CUSTOMER LANDSCAPE
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY END-USER
PART 07: MARKET SEGMENTATION BY STREAMING SERVICE
PART 09: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Alphabet Inc.
- Amazon.com Inc.
- Apple Inc.
- Sirius XM Holdings Inc.
- Spotify AB.
The following companies are recognised as the key players in the global music streaming service market: include Alphabet Inc., Amazon.com Inc., Apple Inc., Sirius XM Holdings Inc., Spotify AB.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increasing introduction of differentiated music streaming services.”
According to the report, one of the major drivers for this market is the increasing preference for music streaming services
Further, the report states that one of the major factors hindering the growth of this market is illegal downloads and piracy.
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.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increasing introduction of differentiated music streaming services.”
According to the report, one of the major drivers for this market is the increasing preference for music streaming services
Further, the report states that one of the major factors hindering the growth of this market is illegal downloads and piracy.
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.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Alphabet Inc.
- Amazon.com Inc.
- Apple Inc.
- Sirius XM Holdings Inc.
- Spotify AB.
Note: Product cover images may vary from those shown
