Asia-Pacific Online Music Streaming Market Size, Share & Trends Analysis Report by Service (On-demand Streaming and Live Streaming), By Content Type (Audio Streaming and Video Streaming), By Platform (Browser and Application), By End User (Residential & Commercial), By Revenue Model (Subscription & Advertisement) Forecast Period 2020-2026.
The Asia-Pacific online music streaming market is anticipated to grow at a considerable CAGR of 18.2% during the forecast period. The primary factor assisting the growth of the market in the region is increasing smartphone & internet penetration and rising disposable income. Further, the growth of the market can be attributed to the rising number of digital platforms and the growing adoption of smart devices. In 2020, various countries across the region announced lockdowns to contain the spread of the COVID-19 pandemic which further augmented the demand for online music streaming.
Further, the rise in the number of streaming service providers has also assisted in attracting customers by providing promotional offers and free trials. These platforms offer users accurate song recommendation, playlist customization, and hassle-free accessibility on browsers as well as on propelling the market growth.
The Asia-Pacific online music streaming market is segmented based on service, content type, platform, end-user, and revenue model. Based on the service, the market is sub-segmented into on-demand online music streaming and live online music streaming. Based on the content type, the market is bifurcated into audio streaming and video streaming. Based on the platform the market is segmented into browsers and mobile-based applications for online music streaming. Further, based on end-users the market is segmented into residential and commercial.
The key players of the Asia-Pacific online music streaming market include Amazon.com, Inc., Apple, Inc., Gamma Ganaa Ltd., Google LLC., Saavn Media Pvt Ltd., SoundCloud Ltd., and Spotify AB among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in February 2018, Gamma Ganaa Ltd., raised $115 million in funding. This investment will enable the company to strengthen its foothold in Asia-Pacific and expand its geopolitical footprints.
Research Methodology
The market study of the Asia-Pacific online music streaming market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. the team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring more authenticity to reports.
Secondary Sources Include:
The report is intended for digital media companies, music companies, software companies, seed funders, venture capitalists, start-ups, research organizations, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
Market Segmentation:
1. Asia-Pacific Online music streaming Market Research and Analysis by Service
2. Asia-Pacific Online music streaming Market Research and Analysis by Content-Type
3. Asia-Pacific Online music streaming Market Research and Analysis by Platform
4. Asia-Pacific Online music streaming Market Research and Analysis by End-User
5. Asia-Pacific Online music streaming Market Research and Analysis by Revenue Model
The Report Covers:
The Asia-Pacific online music streaming market is anticipated to grow at a considerable CAGR of 18.2% during the forecast period. The primary factor assisting the growth of the market in the region is increasing smartphone & internet penetration and rising disposable income. Further, the growth of the market can be attributed to the rising number of digital platforms and the growing adoption of smart devices. In 2020, various countries across the region announced lockdowns to contain the spread of the COVID-19 pandemic which further augmented the demand for online music streaming.
Further, the rise in the number of streaming service providers has also assisted in attracting customers by providing promotional offers and free trials. These platforms offer users accurate song recommendation, playlist customization, and hassle-free accessibility on browsers as well as on propelling the market growth.
The Asia-Pacific online music streaming market is segmented based on service, content type, platform, end-user, and revenue model. Based on the service, the market is sub-segmented into on-demand online music streaming and live online music streaming. Based on the content type, the market is bifurcated into audio streaming and video streaming. Based on the platform the market is segmented into browsers and mobile-based applications for online music streaming. Further, based on end-users the market is segmented into residential and commercial.
The key players of the Asia-Pacific online music streaming market include Amazon.com, Inc., Apple, Inc., Gamma Ganaa Ltd., Google LLC., Saavn Media Pvt Ltd., SoundCloud Ltd., and Spotify AB among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in February 2018, Gamma Ganaa Ltd., raised $115 million in funding. This investment will enable the company to strengthen its foothold in Asia-Pacific and expand its geopolitical footprints.
Research Methodology
The market study of the Asia-Pacific online music streaming market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. the team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring more authenticity to reports.
Secondary Sources Include:
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report is intended for digital media companies, music companies, software companies, seed funders, venture capitalists, start-ups, research organizations, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
Market Segmentation:
1. Asia-Pacific Online music streaming Market Research and Analysis by Service
2. Asia-Pacific Online music streaming Market Research and Analysis by Content-Type
3. Asia-Pacific Online music streaming Market Research and Analysis by Platform
4. Asia-Pacific Online music streaming Market Research and Analysis by End-User
5. Asia-Pacific Online music streaming Market Research and Analysis by Revenue Model
The Report Covers:
- Comprehensive research methodology of the Asia-Pacific online music streaming market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific online music streaming market.
- Insights about market determinants that are stimulating the Asia-Pacific online music streaming market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Market Determinants
4. Market Segmentation
5. Regional Analysis
6. Company Profiles
Companies Mentioned
A selection of companies mentioned in this report includes:
- Amazon.com, Inc.
- Apple, Inc.
- Deezer SA
- Gamma Ganaa Ltd.
- Genie Music Co., Ltd
- Google LLC
- JOOX (Tencent Holdings Ltd.)
- Melon (Kakao Co., Ltd.)
- Saavn Media Pvt Ltd.
- SoundCloud Ltd.
- Spotify AB
- Yandex NV
