Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets.
Global Music Market and Streaming Services Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Music Market and Streaming Services enable users to listen to podcasts, stream audio, and watch music videos. These platforms offer various features such as song recommendations, browsers, hassle-free accessibility, auto customization of the playlists, and so on.
The Music Market and Streaming Services market is expanding because of factors such as the rising penetration of smart and electronic devices & availability of regional content on digital platforms in the forecast period.
According to Statista in 2020, the sales of electronic drums in the United States are rising rapidly. In 2018, it was around USD 66 million which increases and reached USD 68.9 million in 2019. Whereas by 2020, the sales value of electronic drums reached around USD 74 million. On the flip side, in 2020, the retail sales value of electric guitars was around 712.64 million U.S. dollars. Whereas rising integration of state-of-the-art technologies into music streaming platforms and growing public inclination and internet proliferation create lucrative opportunities for the market. However, the threat of pirated channels hampers the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Music Market and Streaming Services Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue generation, owing to the rising penetration of market players across the region, and the high prevalence of fixed wireless internet, online payment, smart devices, and so on. Whereas the Middle East and Africa are expected to rise with the fastest growth rate in terms of the highest CAGR owing to the factors such as various international and domestic companies extending operations across the region in the forecast period.
Major market players included in this report are:
Tidal
SoundCloud Limited
Spotify AB
Google LLC
Tencent Music Entertainment Group
Apple, Inc.
Pandora Media, Inc.
Deezer
Amazon.com, Inc.
QTrax
Recent Developments in the Market:
In February 2022, Spotify launched a smart music and podcast player specially designed for cars. It will provide personalized and seamless in-car listening music experience. It features swipes, turns, simple taps, voice commands, and so on.
In February 2022, Tidal is available in the UAE for music fans and artists. It offers the facility for music fans to listen to their favorite artists with Hifi sound. Tidal provides access to more than 80 million songs.
Global Music Market and Streaming Services Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Service, Platform, Content, End-use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the market’s future growth. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Service:
Live Streaming
On-demand Streaming
By Platform:
Browsers
Apps
By Content:
Video
Audio
By End-use:
Commercial
Individual
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Music Market and Streaming Services Market, by Region, 2019-2029 (USD Billion)
1.2.2. Music Market and Streaming Services Market, by Service, 2019-2029 (USD Billion)
1.2.3. Music Market and Streaming Services Market, by Platform, 2019-2029 (USD Billion)
1.2.4. Music Market and Streaming Services Market, by Content Type, 2019-2029 (USD Billion)
1.2.5. Music Market and Streaming Services Market, by End-Use, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Music Market and Streaming Services Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Music Market and Streaming Services Market Dynamics
3.1. Music Market and Streaming Services Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Rising penetration of electronics and smart devices
3.1.1.2. Availability of regional content on digital platforms
3.1.2. Market Challenges
3.1.2.1. Threat from pirated channels
3.1.3. Market Opportunities
3.1.3.1. Rising integration of state-of-the-art technologies into music streaming platforms
3.1.3.2. Growing public inclination and internet proliferation
Chapter 4. Global Music Market and Streaming Services Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Music Market and Streaming Services Market, by Service
6.1. Market Snapshot
6.2. Global Music Market and Streaming Services Market by Service, Performance – Potential Analysis
6.3. Global Music Market and Streaming Services Market Estimates & Forecasts by Service 2019-2029 (USD Billion)
6.4. Music Market and Streaming Services Market, Sub Segment Analysis
6.4.1. Live Streaming
6.4.2. On-demand Streaming
Chapter 7. Global Music Market and Streaming Services Market, by Platform
7.1. Market Snapshot
7.2. Global Music Market and Streaming Services Market by Platform, Performance – Potential Analysis
7.3. Global Music Market and Streaming Services Market Estimates & Forecasts by Platform 2019-2029 (USD Billion)
7.4. Music Market and Streaming Services Market, Sub Segment Analysis
7.4.1. Browsers
7.4.2. Apps
Chapter 8. Global Music Market and Streaming Services Market, by Content Type
8.1. Market Snapshot
8.2. Global Music Market and Streaming Services Market by Content Type Performance – Potential Analysis
8.3. Global Music Market and Streaming Services Market Estimates & Forecasts by Content Type 2019-2029 (USD Billion)
8.4. Music Market and Streaming Services Market, Sub Segment Analysis
8.4.1. Video
8.4.2. Audio
Chapter 9. Global Music Market and Streaming Services Market, by End-Use
9.1. Market Snapshot
9.2. Global Music Market and Streaming Services Market by End-Use Performance – Potential Analysis
9.3. Global Music Market and Streaming Services Market Estimates & Forecasts by End-Use 2019-2029 (USD Billion)
9.4. Music Market and Streaming Services Market, Sub Segment Analysis
9.4.1. Commercial,
9.4.2. Individual
Chapter 10. Global Music Market and Streaming Services Market, Regional Analysis
10.1. Music Market and Streaming Services Market, Regional Market Snapshot
10.2. North America Music Market and Streaming Services Market
10.2.1. U.S. Music Market and Streaming Services Market
10.2.1.1. Service breakdown estimates & forecasts, 2019-2029
10.2.1.2. Platform breakdown estimates & forecasts, 2019-2029
10.2.1.3. Content Type breakdown estimates & forecasts, 2019-2029
10.2.1.4. End-Use breakdown estimates & forecasts, 2019-2029
10.2.2. Canada Music Market and Streaming Services Market
10.3. Europe Music Market and Streaming Services Market Snapshot
10.3.1. U.K. Music Market and Streaming Services Market
10.3.2. Germany Music Market and Streaming Services Market
10.3.3. France Music Market and Streaming Services Market
10.3.4. Spain Music Market and Streaming Services Market
10.3.5. Italy Music Market and Streaming Services Market
10.3.6. Rest of Europe Music Market and Streaming Services Market
10.4. Asia-Pacific Music Market and Streaming Services Market Snapshot
10.4.1. China Music Market and Streaming Services Market
10.4.2. India Music Market and Streaming Services Market
10.4.3. Japan Music Market and Streaming Services Market
10.4.4. Australia Music Market and Streaming Services Market
10.4.5. South Korea Music Market and Streaming Services Market
10.4.6. Rest of Asia Pacific Music Market and Streaming Services Market
10.5. Latin America Music Market and Streaming Services Market Snapshot
10.5.1. Brazil Music Market and Streaming Services Market
10.5.2. Mexico Music Market and Streaming Services Market
10.6. Rest of The World Music Market and Streaming Services Market
Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Tidal
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. SoundCloud Limited
11.2.3. Spotify AB
11.2.4. Google LLC
11.2.5. Tencent Music Entertainment Group
11.2.6. Apple, Inc.
11.2.7. Pandora Media, Inc.
11.2.8. Deezer
11.2.9. Amazon.com, Inc.
11.2.10. QTrax
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption
The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.
Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We offer wide range of services including Syndicated Reports, Customized Reports, Competitive Intelligence and others.
