+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Cloud Music Streaming: Global Strategic Business Report

  • PDF Icon

    Report

  • 187 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 3633913

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

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. 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
  • 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
III. MARKET ANALYSIS
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
IV. COMPETITION

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