Music Streaming Market Share, Size and Trends | 2031
The music streaming market size is projected to reach US$ 71.32 billion by 2031 from US$ 36.49 billion in 2023. The market is expected to register a CAGR of 8.7% from 2023 to 2031.
The rising adoption of 5G connectivity and the growing demand for live streaming of music shows is likely to remain a key music streaming market trend.
Music Streaming Market Analysis
The music streaming market is growing at a rapid pace due to the growing demand for multi-device compatibility devices, increasing adoption of digital platforms, and growing utilization of smart devices with seamless accessibility. The market is expanding steadily, driven by the increased focus of market players to enhance customer experience by providing ad-free subscriptions. Moreover, the increasing adoption of online 3D music streaming and integration of advanced technologies, such as AI and ML for enhancing the streaming experience of music by improving search recommendations are providing lucrative opportunities for market growth.
Music Streaming Market Overview
Music streaming is a method of delivering audio content, primarily music, to the listeners' devices without the need to download files from the internet. Music streaming eliminated the process of downloading and storing music files by providing users with access to a vast list of songs through streaming services. These streaming services allow users to listen to music on a variety of devices, such as smartphones, smart speakers, computers, tablets, and others, by directly streaming the audio content over an internet connection.
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Music Streaming Market: Strategic Insights
Market Size Value in US$ 26.05 Billion in 2019 Market Size Value by US$ 46.99 Billion by 2027 Growth rate CAGR of 7.4% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Music Streaming Market: Strategic Insights
| Market Size Value in | US$ 26.05 Billion in 2019 |
| Market Size Value by | US$ 46.99 Billion by 2027 |
| Growth rate | CAGR of 7.4% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Music Streaming Market Drivers and Opportunities
Growing Demand for Multi-Device Compatibility Devices is Driving the Market
Rising digitalization, technological advancement, and the growing adoption of advanced technologies for delivering music in digital format encourage manufacturer to develop multi-device compatible devices to meet their customers' needs. Increasing demand for different types of multi-device compatibility devices, such as smartphones, smart speakers, HD TVs, smartwatches, and various voice assistant devices, including Amazon Alexa, Apple Siri, Microsoft Cortana, and Samsung Bixby, is driving the market. This increases the focus of market players to offer multi-device compatibility devices to provide users with a better listening experience. Users across the globe are highly adopting multi-device compatibility devices as an effective entertainment option. Moreover, the growing number of music listeners and app subscribers is fueling the market.
Increasing Adoption of Online 3D Music Streaming – An Opportunity in the Music Streaming Market
The introduction of digital and cloud systems increases the adoption of on-demand streaming and music streaming platforms. These developments are allowing musical content creators to provide their subscribers through a subscription model, making a significant impact in developing 3D audio song lists and music streaming platforms. The music streaming service providers offer 3D audio music to attract a huge customer base by increasing the number of subscriptions. Growing demand for music streaming apps is also creating opportunities in the market. For instance, India is becoming a hub for music content providers, and the easy availability of music streaming apps such as Amazon Prime, Gaana.com, and Saawan.com allows music content provide to offer a list of 3D songs to the listeners.
Music Streaming Market Report Segmentation Analysis
Key segments that contributed to the derivation of the music streaming market analysis are content type, streaming type, and end user.
- Based on content type, the music streaming market is divided into audio streaming and video streaming. The audio streaming segment held a larger market share in 2023.
- In terms of streaming type, the music streaming market is divided into live streaming and on-demand streaming. The on-demand streaming segment held a larger market share in 2023.
- On the basis of end user, the market is segmented into commercial and individual. The individual segment held the largest share of the market in 2023.
Music Streaming Market Share Analysis by Geography
The geographic scope of the music streaming market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
In terms of revenue, North America accounted for the largest music streaming market share, the presence of key players including Amazon, Inc., Apple Inc., Pandora Media, Inc., and Spotify Tidal, among others. These players are continuously engaged in offering high-quality audio and video streaming solutions to listeners. The growing use of social media platforms and the development of artist analytics apps are creating opportunities in the market.
Music Streaming Market News and Recent Developments
The music streaming market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for music streaming and strategies:
- In February 2024, Spotify paid US$ 9.0 billion to the music industry. This payout includes earnings distributed to rights holders and artists. (Source: Spotify, Press Release, 2024)
- In November 2022, Amazon Music expanded its offering for Prime members, bringing them a full catalog of 100 million songs and the top podcasts available ad-free at no additional cost to their membership. (Source: Amazon, Inc., Press Release, 2022)
Music Streaming Market Report Scope
Music Streaming Market Report Coverage and Deliverables
The “Music Streaming Market Size and Forecast (2023–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Content Type ; Streaming Type ; End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The growing demand for multi-device compatibility devices, increasing adoption of digital platforms, and growing utilization of smart devices with seamless accessibility are the major factors that propel the global music streaming market.
The global music streaming market was estimated to be US$ 36.49 billion in 2023 and is expected to grow at a CAGR of 8.7% during the forecast period 2023 - 2031.
The rising adoption of 5G connectivity and the growing demand for live streaming of music shows are anticipated to play a significant role in the global music streaming market in the coming years.
The key players holding majority shares in the global music streaming market are Amazon, Inc., Apple Inc., Deezer, Google Inc., and iheartmedia, Inc.
The global music streaming market is expected to reach US$ 71.32 billion by 2031.
The incremental growth expected to be recorded for the global music streaming market during the forecast period is US$ 34.83 billion.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Music Streaming MarketLandscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Music Streaming Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing Popularity of Digital Music Streaming Websites
5.1.2 Rising Number of Music Subscribers
5.2 Key Market Restraints
5.2.1 Availability of Free Digital Music Platforms
5.3 Key Market Opportunities
5.3.1 Scope of On-Demand Streaming
5.4 Future Trends
5.4.1 Availability of Regional Content
5.5 Impact Analysis of Drivers and Restraints
6. Music Streaming Market– Global Analysis
6.1 Music Streaming Market Global Overview
6.2 Music Streaming Market– Revenue and Forecast to 2027 (US$ Billion)
6.3 Market Positioning – Five Key Players
7. Music Streaming Market Analysis – By Content Type
7.1 Overview
7.1.1 Music Streaming Market Breakdown, by Content Type, 2019 & 2027
7.2 Audio Streaming
7.2.1 Overview
7.2.2 Audio Streaming Market Revenue and Forecast to 2027 (US$ Million)
7.3 Video Streaming
7.3.1 Overview
7.3.2 Video Streaming Market Revenue and Forecast to 2027 (US$ Million)
8. Music Streaming Market Analysis – By Streaming Type
8.1 Overview
8.2 Music Streaming Market Breakdown, by Streaming Type , 2019 & 2027
8.3 Live Streaming
8.3.1 Overview
8.3.2 Live Streaming Market Revenue and Forecast to 2027 (US$ Million)
8.4 On-demand Streaming
8.4.1 Overview
8.4.2 On-demand Streaming Market Revenue and Forecast to 2027 (US$ Million)
9. Music Streaming Market Analysis – By End User
9.1 Overview
9.2 Music Streaming Market Breakdown, by Streaming Type , 2019 & 2027
9.3 Commercial
9.3.1 Overview
9.3.2 Commercial Market Revenue and Forecast to 2027 (US$ Million)
9.4 Individual
9.4.1 Overview
9.4.2 Individual Market Revenue and Forecast to 2027 (US$ Million)
10. Music Streaming Market – Geographic Analysis
10.1 Overview
10.2 North America: Music Streaming Market
10.2.1 North America: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.2.2 North America: Music Streaming Market, by Content Type
10.2.3 North America: Music Streaming Market, by Streaming Type
10.2.4 North America: Music Streaming Market, by End User
10.2.5 North America: Music Streaming Market, by Key Country
10.2.5.1 US: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.2.5.1.1 US: Music Streaming Market, by Content Type
10.2.5.1.2 US: Music Streaming Market, by Streaming Type
10.2.5.1.3 US: Music Streaming Market, by End User
10.2.5.2 Canada: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.2.5.2.1 Canada: Music Streaming Market, by Content Type
10.2.5.2.2 Canada: Music Streaming Market, by Streaming Type
10.2.5.2.3 Canada: Music Streaming Market, by End User
10.2.5.3 Mexico: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.2.5.3.1 Mexico: Music Streaming Market, by Content Type
10.2.5.3.2 Mexico: Music Streaming Market, by Streaming Type
10.2.5.3.3 Mexico: Music Streaming Market, by End User
10.3 Europe: Music Streaming Market
10.3.1 Europe: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.3.2 Europe: Music Streaming Market, By Content Type
10.3.3 Europe: Music Streaming Market, By Streaming Type
10.3.4 Europe: Music Streaming Market, By End User
10.3.5 Europe: Music Streaming Market, By Country
10.3.5.1 Germany: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.1.1 Germany: Music Streaming Market, by Content Type
10.3.5.1.2 Germany: Music Streaming Market, by Streaming Type
10.3.5.1.3 Germany: Music Streaming Market, by End User
10.3.5.2 France: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.2.1 France: Music Streaming Market, by Content Type
10.3.5.2.2 France: Music Streaming Market, by Streaming Type
10.3.5.2.3 France: Music Streaming Market, by End User
10.3.5.3 Italy: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.3.1 Italy: Music Streaming Market, by Content Type
10.3.5.3.2 Italy: Music Streaming Market, by Streaming Type
10.3.5.3.3 Italy: Music Streaming Market, by End User
10.3.5.4 UK: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.4.1 UK: Music Streaming Market, by Content Type
10.3.5.4.2 UK Music Streaming Market, by Streaming Type
10.3.5.4.3 UK: Music Streaming Market, by End User
10.3.5.5 Russia: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.5.1 Russia: Music Streaming Market, by Content Type
10.3.5.5.2 Russia Music Streaming Market, by Streaming Type
10.3.5.5.3 Russia: Music Streaming Market, by End User
10.3.5.6 Rest of Europe: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.6.1 Rest of Europe: Music Streaming Market, by Content Type
10.3.5.6.2 Rest of Europe Music Streaming Market, by Streaming Type
10.3.5.6.3 Rest of Europe: Music Streaming Market, by End User
10.4 APAC: Music Streaming Market
10.4.1 APAC: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.4.2 APAC: Music Streaming Market, By Content Type
10.4.3 APAC: Music Streaming Market, By Streaming Type
10.4.4 APAC: Music Streaming Market, By End User
10.4.5 APAC: Music Streaming Market, By Country
10.4.5.1 Australia: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.1.1 Australia: Music Streaming Market, by Content Type
10.4.5.1.2 Australia: Music Streaming Market, by Streaming Type
10.4.5.1.3 Australia: Music Streaming Market, by End User
10.4.5.2 China: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.2.1 China: Music Streaming Market, by Content Type
10.4.5.2.2 China: Music Streaming Market, by Streaming Type
10.4.5.2.3 China: Music Streaming Market, by End User
10.4.5.3 India: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.3.1 India: Music Streaming Market, by Content Type
10.4.5.3.2 India: Music Streaming Market, by Streaming Type
10.4.5.3.3 India: Music Streaming Market, by End User
10.4.5.4 Japan: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.4.1 Japan: Music Streaming Market, by Content Type
10.4.5.4.2 Japan: Music Streaming Market, by Streaming Type
10.4.5.4.3 Japan: Music Streaming Market, by End User
10.4.5.5 South Korea: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.5.1 South Korea: Music Streaming Market, by Content Type
10.4.5.5.2 South Korea: Music Streaming Market, by Streaming Type
10.4.5.5.3 South Korea: Music Streaming Market, by End User
10.4.5.6 Rest of APAC: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.6.1 Rest of APAC: Music Streaming Market, by Content Type
10.4.5.6.2 Rest of APAC: Music Streaming Market, by Streaming Type
10.4.5.6.3 Rest of APAC: Music Streaming Market, byEnd User
10.5 MEA: Music Streaming Market
10.5.1 MEA: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.5.2 MEA: Music Streaming Market, by Content Type
10.5.3 MEA: Music Streaming Market, by Streaming Type
10.5.4 MEA: Music Streaming Market, by End User
10.5.5 MEA: Music Streaming Market, by Key Country
10.5.5.1 South Africa: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.1.1 South Africa: Music Streaming Market, by Content Type
10.5.5.1.2 South Africa: Music Streaming Market, by Streaming Type
10.5.5.1.3 South Africa: Music Streaming Market, by End User
10.5.5.2 Saudi Arabia: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.2.1 Saudi Arabia: Music Streaming Market, by Content Type
10.5.5.2.2 Saudi Arabia: Music Streaming Market, by Streaming Type
10.5.5.2.3 Saudi Arabia: Music Streaming Market, by End User
10.5.5.3 UAE: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.3.1 UAE: Music Streaming Market, by Content Type
10.5.5.3.2 UAE: Music Streaming Market, by Streaming Type
10.5.5.3.3 UAE: Music Streaming Market, by End User
10.5.5.4 Rest of MEA: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.4.1 Rest of MEA: Music Streaming Market, by Content Type
10.5.5.4.2 Rest of MEA: Music Streaming Market, by Streaming Type
10.5.5.4.3 Rest of MEA: Music Streaming Market, by End User
10.6 SAM: Music Streaming Market
10.6.1 SAM: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.6.2 SAM: Music Streaming Market, by Content Type
10.6.3 SAM: Music Streaming Market, by Streaming Type
10.6.4 SAM: Music Streaming Market, by End User
10.6.5 SAM: Music Streaming Market, by Key Country
10.6.5.1 Brazil: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.6.5.1.1 Brazil: Music Streaming Market, by Content Type
10.6.5.1.2 Brazil: Music Streaming Market, by Streaming Type
10.6.5.1.3 Brazil: Music Streaming Market, by End User
10.6.5.2 Argentina: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.6.5.2.1 Argentina: Music Streaming Market, by Content Type
10.6.5.2.2 Argentina: Music Streaming Market, by Streaming Type
10.6.5.2.3 Argentina: Music Streaming Market, by End User
10.6.5.3 Rest of SAM: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.6.5.3.1 Rest of SAM: Music Streaming Market, by Content Type
10.6.5.3.2 Rest of SAM: Music Streaming Market, by Streaming Type
10.6.5.3.3 Rest of SAM: Music Streaming Market, by End User
11. Music Streaming Market - COVID-19 Impact Analysis
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.6 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Market Initiative
13. Company Profiles
13.1 Amazon.com, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Google LLC
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Deezer
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 iHeartMedia Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Apple, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 SoundCloud
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Spotify Technology S.A.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Tidal
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Pandora Media, LLC
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 JOOX
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Music Streaming Market– Revenue and Forecast to 2027 (US$ Billion)
Table 2. North America: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Music Streaming Market, by Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. North America: Music Streaming Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 5. US: Music Streaming Market, by Content Type –Revenue and Forecast to 2027 (US$ Million)
Table 6. US: Music Streaming Market, by Streaming Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. US: Music Streaming Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 8. Canada: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. Canada: Music Streaming Market, by Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 10. Canada: Music Streaming Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 11. Mexico: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 12. Mexico: Music Streaming Market, by Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. Mexico: Music Streaming Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 14. Europe Music Streaming Market, By Content Type– Revenue and Forecast to 2027 (US$ Million)
Table 15. Europe Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 16. Europe Music Streaming Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 17. Germany Music Streaming Market, By Content Types – Revenue and Forecast to 2027 (US$ Million)
Table 18. Germany Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 19. Germany Music Streaming Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 20. France Music Streaming Market, By Content Types – Revenue and Forecast to 2027 (US$ Million)
Table 21. France Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 22. France Music Streaming Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 23. Italy Music Streaming Market, By Content Types – Revenue and Forecast to 2027 (US$ Million)
Table 24. Italy Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 25. Italy Music Streaming Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 26. UK Music Streaming Market, By Content Types – Revenue and Forecast to 2027 (US$ Million)
Table 27. UK Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 28. UK Music Streaming Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 29. Russia Music Streaming Market, By Content Types – Revenue and Forecast to 2027 (US$ Million)
Table 30. Russia Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 31. Russia Music Streaming Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 32. Rest of Europe Music Streaming Market, By Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 33. Rest of Europe Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 34. Rest of Europe Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 35. APAC: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 36. APAC: Music Streaming Market, by Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 37. APAC: Music Streaming Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 38. Australia: Music Streaming Market, By Content Types – Revenue and Forecast to 2027 (US$ Million)
Table 39. Australia: Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 40. Australia: Music Streaming Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 41. China: Music Streaming Market, By Content Types – Revenue and Forecast to 2027 (US$ Million)
Table 42. China: Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 43. China: Music Streaming Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 44. India: Music Streaming Market, By Content Types – Revenue and Forecast to 2027 (US$ Million)
Table 45. India: Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 46. India: Music Streaming Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 47. Japan: Music Streaming Market, By Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 48. Japan: Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 49. Japan: Music Streaming Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 50. South Korea: Music Streaming Market, By Content Types – Revenue and Forecast to 2027 (US$ Million)
Table 51. South Korea: Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 52. South Korea: Music Streaming Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 53. Rest of APAC: Music Streaming Market, By Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 54. Rest of APAC: Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 55. Rest of APAC: Music Streaming Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 56. MEA: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 57. MEA: Music Streaming Market, by Streaming Type– Revenue and Forecast to 2027 (US$ Million)
Table 58. MEA: Music Streaming Market, by End User– Revenue and Forecast to 2027 (US$ Million)
Table 59. South Africa: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 60. South Africa: Music Streaming Market, by Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 61. South Africa: Music Streaming Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 62. Saudi Arabia: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 63. Saudi Arabia: Music Streaming Market, by Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 64. Saudi Arabia: Music Streaming Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 65. UAE: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 66. UAE: Music Streaming Market, by Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 67. UAE: Music Streaming Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 68. Rest of MEA: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 69. Rest of MEA: Music Streaming Market, by Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 70. Rest of MEA: Music Streaming Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 71. SAM: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 72. SAM: Music Streaming Market, by Streaming Type– Revenue and Forecast to 2027 (US$ Million)
Table 73. SAM: Music Streaming Market, by End User– Revenue and Forecast to 2027 (US$ Million)
Table 74. Brazil: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 75. Brazil: Music Streaming Market, by Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 76. Brazil: Music Streaming Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 77. Argentina: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 78. Argentina: Music Streaming Market, by Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 79. Argentina: Music Streaming Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 80. Rest of SAM: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 81. Rest of SAM: Music Streaming Market, by Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 82. Rest of SAM: Music Streaming Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 83. List of Abbreviation
LIST OF FIGURES
Figure 1. Music Streaming MarketSegmentation
Figure 2. Music Streaming MarketSegmentation – By Geography
Figure 3. Global Music Streaming MarketOverview
Figure 4. Audio Streaming Segment Held the Largest Share During Forecast Period
Figure 5. On-demand Streaming Segment Dominated the Market
Figure 6. Individual Segment to Show Great Traction During Forecast Period
Figure 7. Global Music Streaming Market , Geography Analysis
Figure 8. North America
Figure 9. Europe
Figure 10. APAC
Figure 11. MEA
Figure 12. SAM
Figure 13. Ecosystem Analysis
Figure 14. Expert Opinion
Figure 15. Music Streaming Market: Impact Analysis of Drivers And Restraints
Figure 16. Geographic Overview of Music Streaming Market
Figure 17. Music Streaming Market– Revenue and Forecast to 2027 (US$ Billion)
Figure 18. Music Streaming Market Breakdown, by Content Type (2019 and 2027)
Figure 19. Audio Streaming Market Revenue and Forecast To 2027 (US$ Million)
Figure 20. Video Streaming Market Revenue and Forecast to 2027 (US$ Million)
Figure 21. Music Streaming Market Breakdown, by End-user(2019 and 2027)
Figure 22. Live Streaming Market Revenue and Forecast to 2027(US$ Million)
Figure 23. On-demand Streaming Market Revenue and Forecast to 2027(US$ Million)
Figure 24. Music Streaming Market Breakdown, by End-user(2019 and 2027)
Figure 25. Commercial Market Revenue and Forecast to 2027(US$ Million)
Figure 26. Individual Market Revenue and Forecast to 2027(US$ Million)
Figure 27. Music Streaming Market Revenue Share, By Region (2019 and 2027)
Figure 28. North America: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. North America: Music Streaming Market Revenue Share, by Content Type (2019 and 2027)
Figure 30. North America: Music Streaming Market Revenue Share, by Streaming Type (2019 and 2027)
Figure 31. North America: Music Streaming Market Revenue Share, by End User (2019 and 2027)
Figure 32. North America: Music Streaming Market Revenue Share, by Key Country (2019 and 2027)
Figure 33. US: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Canada: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. Mexico: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 36. Europe: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 37. Europe: Music Streaming Market Revenue Share, By Content Type (2019 and 2027)
Figure 38. Europe: Music Streaming Market Revenue Share, By Streaming Type (2019 and 2027)
Figure 39. Europe: Music Streaming Market Revenue Share, By End User (2019 and 2027)
Figure 40. Europe: Music Streaming Market Revenue Share, By Country (2019 and 2027)
Figure 41. Germany: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 42. France: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 43. Italy: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 44. UK: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 45. Russia: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 46. Rest of Europe: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 47. APAC: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 48. APAC: Music Streaming Market Revenue Share, By Content Type (2019 and 2027)
Figure 49. APAC: Music Streaming Market Revenue Share, By Streaming Type (2019 and 2027)
Figure 50. APAC: Music Streaming Market Revenue Share, By End User (2019 and 2027)
Figure 51. APAC: Music Streaming Market Revenue Share, By Country (2019 and 2027)
Figure 52. Australia: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 53. China: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 54. India: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 55. Japan: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 56. South Korea: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 57. Rest of APAC: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 58. MEA: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 59. MEA: Music Streaming Market Revenue Share, by Content Type (2019 and 2027)
Figure 60. MEA: Music Streaming Market Revenue Share, by Streaming Type (2019 and 2027)
Figure 61. MEA: Music Streaming Market Revenue Share, by End User (2019 and 2027)
Figure 62. MEA: Music Streaming Market Revenue Share, by Key Country (2019 and 2027)
Figure 63. South Africa: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 64. Saudi Arabia: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 65. UAE: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 66. Rest of MEA: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 67. SAM: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 68. SAM: Music Streaming Market Revenue Share, by Content Type (2019 and 2027)
Figure 69. SAM: Music Streaming Market Revenue Share, by Streaming Type (2019 and 2027)
Figure 70. SAM: Music Streaming Market Revenue Share, by End User (2019 and 2027)
Figure 71. SAM: Music Streaming Market Revenue Share, by Key Country (2019 and 2027)
Figure 72. Brazil: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 73. Argentina: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 74. Rest of SAM: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 75. Impact of COVID-19 Pandemic in North American Country
Figure 76. Impact of COVID-19 Pandemic in Europe Country
Figure 77. Impact of COVID-19 Pandemic in Asia Pacific Country
Figure 78. Impact OF COVID-19 Pandemic in Middle East and Africa Country
Figure 79. Impact of COVID-19 Pandemic in South America Country
- Amazon, Inc.
- Apple Inc.
- Deezer
- Google Inc.
- iheartmedia, Inc.
- Joox
- Pandora Media, Inc.
- SoundCloud
- Spotify
- Tidal
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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