Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled "Global Market Study on Music Streaming: On-demand Streaming Segment Expected to Grow Globally Through 2026". This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with a growth of manufacturers in the Global Music Streaming Market. Along with these insights, the report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.
Music streaming has witnessed an upsurge in the past three years with increasing digitalization and increasing adoption of digital music. As a result of increasing adoption of music streaming, a decline in the market share of downloaded music, in the global digital music market, is witnessed, in terms of value.
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This research report provides a detailed analysis of the music streaming market and offers insights about the various factors driving the popularity of music streaming and their advantages. The report includes an extensive analysis of key industry drivers, challenges, market trends, and market structure. The market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on type of streaming, end-user, content type and different regions globally.
The music streaming market is expected to witness significant value growth during the forecast period owing to increasing penetration of internet, increasing adoption of smartphones and tablets, declining data charges, increasing internet speed, increasing awareness against piracy and increasing millennial population.
The report starts with an overview of the music streaming market in terms of value. In addition, this section includes an analysis of key trends, drivers, and challenges from the supply, demand, and economy side, which are influencing the music streaming market.
The music streaming market is classified on the basis of type of streaming, end-user, content type and region. On the basis of type of streaming, the market is sub-segmented into live streaming and on-demand streaming. Based on end-user, the music streaming market is sub-segmented into residential and commercial. Based on content type, the music streaming market is sub-segmented into audio streaming and video streaming. Owing to the increasing adoption of on-demand paid subscription based music streaming services in developed regions such as North America and Europe, the former is expected to dominate the global music streaming market, in terms of value, throughout the forecast period.
A detailed analysis has been provided for every segment in terms of market size analysis for the music streaming market across different regions. This section provides a detailed analysis that covers key trends.
The next section contains a detailed analysis of the music streaming market across various countries in the region. It provides a market outlook for 2018–2026 and sets the forecast within the context of the music streaming market, which includes latest technological developments as well as offerings in the market. This study discusses key trends within countries contributing to growth of the market, as well as analyses the degrees at which drivers are influencing this market in each region. Key regions and countries assessed in this report include North America (U.S., Canada), Latin America (Brazil, Mexico, & Rest of Latin America), Europe (UK, France, Germany, Italy, Spain, Russia, & rest of Europe), SEA (India, Australia and New Zealand, ASEAN and Rest of SEA and Pacific), China, Japan, and MEA (GCC Countries, Turkey, South Africa, Northern Africa, & rest of MEA). This report evaluates the present scenario and the growth prospects of the music streaming market across various regions globally for the period 2018 –2026. We have considered 2017 as the base year and provided data for the remaining 12 months.
To offer an accurate forecast, we started by sizing the current market, which forms the basis of how the music streaming market will grow in the future. Given the characteristics of the market, we have triangulated the outcome of different types of analysis based on the technology trends.
As previously highlighted, the global music streaming market is split into a number of segments. All segments in terms of type of streaming, end-user, content type and different regions are analyzed in terms of basis points to understand the relative contributions of individual segments to market growth. This detailed level of information is important for the identification of various key trends in the global music streaming market.
In addition, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global Music Streaming market.
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In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on categories of providers in the value chain, their presence in the music streaming market, and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of key providers specific to a market segment in the music streaming supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on the in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings, and recent developments in the music streaming market. Some of the key market participants in the global music streaming market report include Apple, Google, Spotify, Deezer, Pandora, SoundCloud, JOOX, Amaon Music, iHeartRadio, and TIDAL.
Key Segments
By Type of Streaming -
Live Streaming
On-Demand Streaming
By End-User -
Residential
Commercial
By Content Type -
Audio Streaming
Video Streaming
Key Regions covered:
North America
U.S.
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Western Europe
Germany
U.K.
France
Spain
Italy
Russia
Western Europe
SEA & Others of APAC
India
Australia and New Zealand
ASEAN
Rest of SEA & APAC
China
Japan
MEA
GCC Countries
Turkey
South Africa
Northern Africa
Rest of MEA
Key Companies
Apple
Google
Amazon Music
Spotify
Deezer
Pandora
SOundCloud
JOOX
TIDAL
iHeartRadio
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