Market Overview:
The global online music market is segmented on the basis of type, application and region. The type segment is further divided into free version available and no free version. The application segment is divided into phone and PC. The region segment is divided into North America, Latin America, Europe, Asia Pacific and Middle East & Africa. The global online music market was valued at US$ XX million in 2017 and is projected to reach US$ XX million by 2030 at a CAGR of XX%. Some of the key factors driving the growth of this market include increasing penetration of smartphones and broadband internet connectivity worldwide coupled with growing demand for on-demand music streaming services. Additionally, rising trend of cloud-based storage solutions has also propelled the growth prospects for this market over the forecast period (2018-2030). However, piracy issues are restraining the overall growth rate to some extent in this market currently.
Product Definition:
An online music service is a type of subscription service that allows users to listen to music online. Some services allow users to download songs, while others allow only streaming. Online music services are often used to stream music on personal computers, mobile devices, or home audio systems.
Free Version Availiable:
Free version available in online music market is a paid application, which has limited features as compared to the paid one. The free version can be used for listening to tracks only once; after that, it has to be downloaded manually on the user’s system. Free applications are usually found in download stores with an option of purchasing premium versions at a price ranging from USD 0 - 5.0.
No Free Version:
No free version is a term used in the online music industry to define any program or service that attempts to trick users into installing unwanted programs or paying for services that are supposed to be free. These types of programs are usually distributed through trojans, keyloggers, and other malware. The most common way these infections occur is when an infected file is downloaded from a malicious server and executed without being scanned for viruses.
Application Insights:
The online music application market is categorized on the basis of phone and computer. The phone segment held a larger share of over 60% in 2017. This is attributed to the increasing usage of mobile devices as an entertainment medium for listening to music, which has resulted in increased demand for streaming services. Moreover, introduction of new streaming apps has led to increased usage hours and greater number of streams per listener, thus driving growth.
Regional Analysis:
The global online music market is dominated by the U.S., which accounted for more than 50% of the revenue share in 2017. The growth can be attributed to various factors such as high internet penetration, increased usage of smartphones, and rising number of streaming listeners across the globe. Moreover, there has been a significant increase in digital track downloads over last few years with more than 1 billion tracks downloaded every month from iTunes Store alone as per Apple Inc.'s announcement in 2015.
Asia Pacific region is anticipated to witness substantial growth during the forecast period owing to increasing number of smartphone users and rapid urbanization resulting into growing demand for entertainment services including music downloads/streaming on-the-go or via mobile phones.
Growth Factors:
- Increased penetration of smartphones and broadband internet connections
- Proliferation of music streaming services
- Rising demand for personalized music content
- Growing popularity of online radio stations
- Increasing trend of using mobile devices for listening to music
Scope Of The Report
Report Attributes
Report Details
Report Title
Online Music Market Research Report
By Type
Free Version Availiable, No Free Version
By Application
Phone, PC
By Companies
Amazon, Apple, Deezer, Google, iHeartRadio, Pandora, SoundCloud, Spotify, TIDAL, TuneIn
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
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Online Music Market Report Segments:
The global Online Music market is segmented on the basis of:
Types
Free Version Availiable, No Free Version
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
Phone, PC
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:
- Amazon
- Apple
- Deezer
- Google
- iHeartRadio
- Pandora
- SoundCloud
- Spotify
- TIDAL
- TuneIn
Highlights of The Online Music 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:
- Free Version Availiable
- No Free Version
- By Application:
- Phone
- PC
- 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 Online Music 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Online music is a digital format of music that can be accessed through the internet. It can be streamed or downloaded and it can be played on devices such as computers, phones, and tablets.
Some of the major companies in the online music market are Amazon, Apple, Deezer, Google, iHeartRadio, Pandora, SoundCloud, Spotify, TIDAL, TuneIn.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Online Music 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 Online Music Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Online Music 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 Online Music 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 Online Music Market Size & Forecast, 2020-2028
4.5.1 Online Music Market Size and Y-o-Y Growth
4.5.2 Online Music Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Free Version Availiable
5.2.2 No Free Version
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Phone
6.2.2 PC
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Online Music 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 Online Music 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Free Version Availiable
9.6.2 No Free Version
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 Market Size Forecast by Applications
9.10.1 Phone
9.10.2 PC
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Free Version Availiable
10.6.2 No Free Version
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 Market Size Forecast by Applications
10.10.1 Phone
10.10.2 PC
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Free Version Availiable
11.6.2 No Free Version
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 Market Size Forecast by Applications
11.10.1 Phone
11.10.2 PC
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Free Version Availiable
12.6.2 No Free Version
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 Market Size Forecast by Applications
12.10.1 Phone
12.10.2 PC
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Free Version Availiable
13.6.2 No Free Version
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) Market Size Forecast by Applications
13.10.1 Phone
13.10.2 PC
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 Online Music Market: Competitive Dashboard
14.2 Global Online Music Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amazon
14.3.2 Apple
14.3.3 Deezer
14.3.4 Google
14.3.5 iHeartRadio
14.3.6 Pandora
14.3.7 SoundCloud
14.3.8 Spotify
14.3.9 TIDAL
14.3.10 TuneIn
