Market Overview:
The global music streaming subscription service market is expected to grow at a CAGR of over 16% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for on-demand music streaming services and rising number of users across the globe. In terms of type, the audio music streaming segment is expected to dominate the market during the forecast period, owing to its growing popularity among users. By application, individual users are anticipated to account for a larger share of the market during 2018-2030, owing to their growing preference for on-demand music streaming services over traditional radio broadcasting. Regionally, North America is projected to lead the global music streaming subscription service market in terms of revenue by 2030 end.
Product Definition:
A music streaming subscription service is a type of subscription service that allows users to listen to music on demand. This type of service is often used to stream music from a catalog of songs, albums, or artists.
Audio Music Streaming:
Audio music streaming, also known as audio on demand or AOD is a method of delivering pre-recorded music in digital form over the internet. The service allows users to listen to songs and watch videos of live performances using an online subscription. It offers greater convenience for the end-users by providing them access to millions of tracks at once rather than listening to several tracks one after another.
Video Music Streaming:
Video music streaming is a service that allows users to search and watch videos of music from various sources such as YouTube, VEVO, and other third-party video platforms. The service also provides the option to listen to audio tracks corresponding to the videos. In recent times, there has been an increase in demand for video services that offer access not only to audio but also visual content.
Application Insights:
The commercial users segment dominated the global music streaming subscription service market in 2017, accounting for over 61.0% share of the total revenue. The growth of this segment can be attributed to the increasing number of live performances and concerts held worldwide. Moreover, many big name artists are now preferring digital music streaming services over traditional ones due to their ease and convenience as well as lower price points associated with them. This trend is expected to continue over the forecast period, driving demand from commercial users globally.
Individual users also accounted for a significant share in 2017 owing to rising adoption of online audio and video-streaming services across various regions globally including North America.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to high disposable income of consumers, increasing adoption of new technologies, and rising demand for on-demand content across various platforms such as smartphones and tablets. Moreover, presence of a large number of prominent players in this region is also anticipated to contribute toward industry growth over the next eight years.
Asia Pacific is projected to emerge as a lucrative regional market during the same period owing to growing penetration of internet users and rapid technological advancements in countries such as China and India that are leading contributors toward overall industry growth.
Growth Factors:
- Increasing penetration of smartphones and broadband internet connections
- Rising demand for on-demand music streaming services
- Proliferation of digital audio players and smart speakers
- Growing popularity of online radio stations
- Emergence of new music streaming platforms
Scope Of The Report
Report Attributes
Report Details
Report Title
Music Streaming Subscription Service Market Research Report
By Type
Audio Music Streaming, Video Music Streaming
By Application
Individual Users, Commercial Users
By Companies
Spotify, Amazon Prime, Apple Music, Deezer, YouTube Music, Google Play Music, Joox, Pandora, SoundCloud, Tidal, Tencent Music, MelON
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Music Streaming Subscription Service Market Report Segments:
The global Music Streaming Subscription Service market is segmented on the basis of:
Types
Audio Music Streaming, Video Music Streaming
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Individual Users, Commercial Users
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Spotify
- Amazon Prime
- Apple Music
- Deezer
- YouTube Music
- Google Play Music
- Joox
- Pandora
- SoundCloud
- Tidal
- Tencent Music
- MelON
Highlights of The Music Streaming Subscription Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Audio Music Streaming
- Video Music Streaming
- By Application:
- Individual Users
- Commercial Users
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Music Streaming Subscription Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A music streaming subscription service is a type of digital media subscription service that allows users to listen to music online, offline, and on-the-go. These services typically offer a variety of music genres and artists, with the option to add songs to an individual playlist or have the service create custom playlists for users. Some services also allow users to share their customized playlists with friends or post them on social media.
Some of the major players in the music streaming subscription service market are Spotify, Amazon Prime, Apple Music, Deezer, YouTube Music, Google Play Music, Joox, Pandora, SoundCloud, Tidal, Tencent Music, MelON.
The music streaming subscription service market is expected to register a CAGR of 16%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Music Streaming Subscription Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Music Streaming Subscription Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Music Streaming Subscription Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Music Streaming Subscription Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Music Streaming Subscription Service Market Size & Forecast, 2018-2028
4.5.1 Music Streaming Subscription Service Market Size and Y-o-Y Growth
4.5.2 Music Streaming Subscription Service Market Absolute $ Opportunity
Chapter 5 Global Music Streaming Subscription Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Music Streaming Subscription Service Market Size Forecast by Type
5.2.1 Audio Music Streaming
5.2.2 Video Music Streaming
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Music Streaming Subscription Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Music Streaming Subscription Service Market Size Forecast by Applications
6.2.1 Individual Users
6.2.2 Commercial Users
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Music Streaming Subscription Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Music Streaming Subscription Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Music Streaming Subscription Service Analysis and Forecast
9.1 Introduction
9.2 North America Music Streaming Subscription Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Music Streaming Subscription Service Market Size Forecast by Type
9.6.1 Audio Music Streaming
9.6.2 Video Music Streaming
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Music Streaming Subscription Service Market Size Forecast by Applications
9.10.1 Individual Users
9.10.2 Commercial Users
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Music Streaming Subscription Service Analysis and Forecast
10.1 Introduction
10.2 Europe Music Streaming Subscription Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Music Streaming Subscription Service Market Size Forecast by Type
10.6.1 Audio Music Streaming
10.6.2 Video Music Streaming
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Music Streaming Subscription Service Market Size Forecast by Applications
10.10.1 Individual Users
10.10.2 Commercial Users
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Music Streaming Subscription Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Music Streaming Subscription Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Music Streaming Subscription Service Market Size Forecast by Type
11.6.1 Audio Music Streaming
11.6.2 Video Music Streaming
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Music Streaming Subscription Service Market Size Forecast by Applications
11.10.1 Individual Users
11.10.2 Commercial Users
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Music Streaming Subscription Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Music Streaming Subscription Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Music Streaming Subscription Service Market Size Forecast by Type
12.6.1 Audio Music Streaming
12.6.2 Video Music Streaming
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Music Streaming Subscription Service Market Size Forecast by Applications
12.10.1 Individual Users
12.10.2 Commercial Users
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Music Streaming Subscription Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Music Streaming Subscription Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Music Streaming Subscription Service Market Size Forecast by Type
13.6.1 Audio Music Streaming
13.6.2 Video Music Streaming
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Music Streaming Subscription Service Market Size Forecast by Applications
13.10.1 Individual Users
13.10.2 Commercial Users
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Music Streaming Subscription Service Market: Competitive Dashboard
14.2 Global Music Streaming Subscription Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Spotify
14.3.2 Amazon Prime
14.3.3 Apple Music
14.3.4 Deezer
14.3.5 YouTube Music
14.3.6 Google Play Music
14.3.7 Joox
14.3.8 Pandora
14.3.9 SoundCloud
14.3.10 Tidal
14.3.11 Tencent Music
14.3.12 MelON
