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Cloud Music Streaming - Global Market Trajectory & Analytics

  • ID: 3633913
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Amazon.com, Inc.
  • Deezer
  • Microsoft Corp.
  • Pandora Media, Inc.
  • SoundCloud Limited
  • Tencent Holdings Ltd.
  • MORE
Global Cloud Music Streaming Market to Reach $27 Billion by 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 record 15.5% CAGR and 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.



The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 19.4% CAGR

The Cloud Music Streaming market in the U.S. is estimated at US$2.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.2 Billion by the year 2027 trailing a CAGR of 19.4% over the analysis period 2020 to 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.

Select Competitors (Total 29 Featured):
  • 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
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Amazon.com, Inc.
  • Deezer
  • Microsoft Corp.
  • Pandora Media, Inc.
  • SoundCloud Limited
  • Tencent Holdings Ltd.
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • 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
  • 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: World Current & Future Analysis for Cloud Music Streaming by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World 7-Year Perspective for Cloud Music Streaming by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2020 & 2027
  • Table 3: World Current & Future Analysis for Individual by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 4: World 7-Year Perspective for Individual by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2020 & 2027
  • Table 5: World Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 6: World 7-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2020 & 2027
III. MARKET ANALYSIS
  • UNITED STATES
  • Table 7: USA Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 8: USA 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • CANADA
  • Table 9: Canada Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 10: Canada 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • JAPAN
  • Table 11: Japan Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 12: Japan 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • CHINA
  • Table 13: China Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 14: China 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • EUROPE
  • Table 15: Europe Current & Future Analysis for Cloud Music Streaming by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 16: Europe 7-Year Perspective for Cloud Music Streaming by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2020 & 2027
  • Table 17: Europe Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 18: Europe 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • FRANCE
  • Table 19: France Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 20: France 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • GERMANY
  • Table 21: Germany Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 22: Germany 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • ITALY
  • Table 23: Italy Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 24: Italy 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • UNITED KINGDOM
  • Table 25: UK Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 26: UK 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • SPAIN
  • Table 27: Spain Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 28: Spain 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • RUSSIA
  • Table 29: Russia Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 30: Russia 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • REST OF EUROPE
  • Table 31: Rest of Europe Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 32: Rest of Europe 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • ASIA-PACIFIC
  • Table 33: Asia-Pacific Current & Future Analysis for Cloud Music Streaming by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 34: Asia-Pacific 7-Year Perspective for Cloud Music Streaming by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2020 & 2027
  • Table 35: Asia-Pacific Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 36: Asia-Pacific 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • AUSTRALIA
  • Table 37: Australia Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 38: Australia 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • INDIA
  • Table 39: India Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 40: India 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • SOUTH KOREA
  • Table 41: South Korea Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 42: South Korea 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • REST OF ASIA-PACIFIC
  • Table 43: Rest of Asia-Pacific Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 44: Rest of Asia-Pacific 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • LATIN AMERICA
  • Table 45: Latin America Current & Future Analysis for Cloud Music Streaming by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 46: Latin America 7-Year Perspective for Cloud Music Streaming by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2020 & 2027
  • Table 47: Latin America Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 48: Latin America 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • ARGENTINA
  • Table 49: Argentina Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 50: Argentina 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • BRAZIL
  • Table 51: Brazil Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 52: Brazil 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • MEXICO
  • Table 53: Mexico Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 54: Mexico 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • REST OF LATIN AMERICA
  • Table 55: Rest of Latin America Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 56: Rest of Latin America 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • MIDDLE EAST
  • Table 57: Middle East Current & Future Analysis for Cloud Music Streaming by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 58: Middle East 7-Year Perspective for Cloud Music Streaming by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2020 & 2027
  • Table 59: Middle East Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 60: Middle East 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • IRAN
  • Table 61: Iran Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 62: Iran 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • ISRAEL
  • Table 63: Israel Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 64: Israel 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • SAUDI ARABIA
  • Table 65: Saudi Arabia Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 66: Saudi Arabia 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • UNITED ARAB EMIRATES
  • Table 67: UAE Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 68: UAE 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • REST OF MIDDLE EAST
  • Table 69: Rest of Middle East Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 70: Rest of Middle East 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
  • AFRICA
  • Table 71: Africa Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 72: Africa 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2020 & 2027
IV. COMPETITION
  • Total Companies Profiled: 29
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 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
Note: Product cover images may vary from those shown
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