Music Market and Streaming Services Market to Witness Exponential Rise in Revenue Share During the Forecast Period 2015 – 2025

Press Release

Global Music market and streaming services are becoming more dynamic owing to increased inclination of consumers towards such services. The increasing up-gradation in the technology is anticipated to increase the demand of music streaming among the smartphone users over the forecasted period. Music market and streaming services market is expected to show significant growth due to the streaming of songs through audio and video platforms. However, market of physical album is expected to decline relatively. Global music market is consolidated market with various companies undergoing mergers and acquisitions, partnerships and strategic alliances in order to increase their market share.

Music Market and Streaming Services Segmentation

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Global music market is segmented into digital downloads, physical, streaming, synchronization and ringtones. Digital download is the largest market segment in terms of revenue, followed by the streaming. Furthermore, streaming services are segmented into sound exchange distributions, on demand ad-supporting services and subscription services. Music market and streaming services are further segmented on the basis of region as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa. In North America, U.S contributes the maximum revenue in terms of revenue contribution, Also, European region is expected to reflect a significant growth during the forecast period. However the global music market is expected to lose significant portion of its revenue due to the piracy in the near future. Accordingly government across various countries have taken several initiatives to curb piracy. For instance, U.S. possess copyright alert systems that keep check on piracy. In Europe service providers have blocked the access to the pirate bay.

Music Market and Streaming Services: Region-wise Outlook

Music market and streaming services market is expected to show tremendous growth in the coming years due to the rising number of high net worth individuals coupled with increasing number of consumers upgrading to smartphones. . Globally among all the regions, North America is expected to contribute the largest market share followed by European region in the forecast period. US is expected to be the dominant market for the music market and streaming services in the North American region. However, European region is expected to be the fastest growing market followed by Asia Pacific.

Music market and streaming services: Drivers

Increasing number of internet enabled mobile devices such as iPhone drives the growth of music market and streaming services. Rising disposable income leading to increasing purchase of smart phones and other devices, which offer specification support to music and streaming services are expected to fuel the music market and streaming services market growth. Other factors that fuel the growth of music market specifically includes increasing usage of subscription and streaming services by the consumers. Subscription streaming is the key driver for the streaming services market. In music streaming market there is increasing adoption of cloud services as it provides consumers to access music online and presently it is also being increasingly adopted by the various companies to increase the subscribed users to access the digital content stored in remote servers

Music Market and Streaming Services: Key Players

The key international players operating in Music market and streaming services includes Google Inc., Rhapsody International Inc. Apple Inc., Pandora Media Inc.  Various companies operating in streaming services market are continuously launching various music streaming services

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The report covers exhaustive analysis on:

  • Music market and streaming services Segments
  • Music market and streaming services Dynamics
  • Historical Actual Market Size, 2012 – 2014
  • Music market and streaming services Size & Forecast 2015 to 2025
  • Supply & Demand Value Chain
  • Music market and streaming services Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Music market and streaming services Drivers and Restraints

Regional analysis for Music market and streaming services includes

  • North America US & Canada
  • Latin America Brazil, Argentina & Others
  • Western Europe EU5 Nordics Benelux
  • Eastern Europe
  • Asia Pacific Australia and New Zealand (ANZ) Greater China India ASEAN Rest of Asia Pacific
  • Japan
  • Middle East and Africa GCC Countries Other Middle East North Africa South Africa Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics of the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.

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This post was originally published on Space Market Research

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