Global Cloud Music Streaming Market to Reach $60.9 Billion by 2030
The global market for Cloud Music Streaming estimated at US$20.5 Billion in the year 2022, is projected to reach a revised size of US$60.9 Billion by 2030, growing at a CAGR of 14.6% over the analysis period 2022-2030. Individual, one of the segments analyzed in the report, is projected to record 15.6% CAGR and reach US$48.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Commercial segment is readjusted to a revised 11.2% CAGR for the next 8-year period.The U.S. Market is Estimated at $5.5 Billion, While China is Forecast to Grow at 20.1% CAGR
The Cloud Music Streaming market in the U.S. is estimated at US$5.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$15.5 Billion by the year 2030 trailing a CAGR of 20.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 12.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.5% 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
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- Global competitiveness and key competitor percentage market shares
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARYIII. MARKET ANALYSISIV. COMPETITION
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
- Cloud Music Streaming - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
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 Recent Past, 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 2022 through 2030 and % CAGR
- Table 2: World 8-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 2023 & 2030
- Table 3: World Recent Past, 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 2022 through 2030 and % CAGR
- Table 4: World 8-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 2023 & 2030
- Table 5: World Recent Past, 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 2022 through 2030 and % CAGR
- Table 6: World 8-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 2023 & 2030
- Table 7: World Cloud Music Streaming Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
UNITED STATES
- Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
- Table 8: USA Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 9: USA 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
CANADA
- Table 10: Canada Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 11: Canada 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
JAPAN
- Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
- Table 12: Japan Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 13: Japan 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
CHINA
- Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
- Table 14: China Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 15: China 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
EUROPE
- Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
- Table 16: Europe Recent Past, 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 2022 through 2030 and % CAGR
- Table 17: Europe 8-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 2023 & 2030
- Table 18: Europe Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 19: Europe 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
FRANCE
- Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
- Table 20: France Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 21: France 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
GERMANY
- Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
- Table 22: Germany Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 23: Germany 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
ITALY
- Table 24: Italy Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 25: Italy 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
UNITED KINGDOM
- Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
- Table 26: UK Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 27: UK 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
SPAIN
- Table 28: Spain Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 29: Spain 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
RUSSIA
- Table 30: Russia Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 31: Russia 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
REST OF EUROPE
- Table 32: Rest of Europe Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 33: Rest of Europe 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
ASIA-PACIFIC
- Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
- Table 34: Asia-Pacific Recent Past, 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 2022 through 2030 and % CAGR
- Table 35: Asia-Pacific 8-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 2023 & 2030
- Table 36: Asia-Pacific Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 37: Asia-Pacific 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
AUSTRALIA
- Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
- Table 38: Australia Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 39: Australia 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
INDIA
- Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
- Table 40: India Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 41: India 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
SOUTH KOREA
- Table 42: South Korea Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 43: South Korea 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
REST OF ASIA-PACIFIC
- Table 44: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 45: Rest of Asia-Pacific 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
LATIN AMERICA
- Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
- Table 46: Latin America Recent Past, 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 2022 through 2030 and % CAGR
- Table 47: Latin America 8-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 2023 & 2030
- Table 48: Latin America Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 49: Latin America 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
ARGENTINA
- Table 50: Argentina Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 51: Argentina 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
BRAZIL
- Table 52: Brazil Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 53: Brazil 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
MEXICO
- Table 54: Mexico Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 55: Mexico 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
REST OF LATIN AMERICA
- Table 56: Rest of Latin America Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 57: Rest of Latin America 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
MIDDLE EAST
- Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
- Table 58: Middle East Recent Past, 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 2022 through 2030 and % CAGR
- Table 59: Middle East 8-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 2023 & 2030
- Table 60: Middle East Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 61: Middle East 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
IRAN
- Table 62: Iran Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 63: Iran 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
ISRAEL
- Table 64: Israel Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 65: Israel 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
SAUDI ARABIA
- Table 66: Saudi Arabia Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 67: Saudi Arabia 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
UNITED ARAB EMIRATES
- Table 68: UAE Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 69: UAE 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
REST OF MIDDLE EAST
- Table 70: Rest of Middle East Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 71: Rest of Middle East 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
AFRICA
- Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
- Table 72: Africa Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 73: Africa 8-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2023 & 2030
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 187 |
Published | March 2024 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 14.7 Billion |
Forecasted Market Value ( USD | $ 38.9 Billion |
Compound Annual Growth Rate | 14.9% |
Regions Covered | Global |