The
music streaming market and it is poised to
grow by USD 7.47 billion during 2020-2024, progressing at a CAGR of over 19%
during the forecast period. The report offers an up-to-date analysis regarding
the current market scenario, latest trends and drivers, and the overall market
environment.
Technavio suggests three forecast scenarios (optimistic,
probable, and pessimistic) considering the impact of COVID-19. Please Request
Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. Alphabet Inc., Apple Inc., Comcast
Corp., Deezer SA, IHEARTMEDIA, INC., Microsoft Corp., Samsung Electronics Co.
Ltd., Sirius XM Holdings Inc., Sony Corp., and Spotify Technology SA are some
of the major market participants. The high growth in mobile ad spending market
will offer immense growth opportunities. To make the most of the opportunities,
market vendors should focus more on the growth prospects in the fast-growing
segments, while maintaining their positions in the slow-growing segments.
High growth in mobile ad spending market has been instrumental
in driving the growth of the market.
Music Streaming Market 2020-2024: Segmentation
Music Streaming Market is segmented as below:
·
End-user
o Individual
Users
o Commercial
Users
·
Geography
o North
America
o APAC
o Europe
o MEA
o South
America
·
Type
o Free
o Paid
Music Streaming Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way
of study, synthesis, and summation of data from multiple sources. Our music streaming
market report covers the following areas:
·
Music Streaming Market Size
·
Music Streaming Market Trends
·
Music Streaming Market Industry Analysis
This study identifies the rise of wearable technology as one of
the prime reasons driving the music streaming market growth during the next few
years.
Music Streaming Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the music
streaming market, including some of the vendors such as Alphabet Inc., Apple
Inc., Comcast Corp., Deezer SA, IHEARTMEDIA, INC., Microsoft Corp., Samsung
Electronics Co. Ltd., Sirius XM Holdings Inc., Sony Corp., and Spotify
Technology SA. Backed with competitive intelligence and benchmarking, our
research reports on the music streaming market are designed to provide entry
support, customer profile and M&As as well as go-to-market strategy
support.
Music Streaming Market 2020-2024: Key Highlights
·
CAGR of the market during the forecast period 2020-2024
·
Detailed information on factors that will assist music streaming
market growth during the next five years
·
Estimation of the music streaming market size and its
contribution to the parent market
·
Predictions on upcoming trends and changes in consumer behavior
·
The growth of the music streaming market
·
Analysis of the market’s competitive landscape and detailed
information on vendors
·
Comprehensive details of factors that will challenge the growth
of music streaming market vendors
