Acumen Research and Consulting recently published report titled “Music Streaming Market Size, Share, Analysis Report and Region Forecast, 2022 - 2030”
TOKYO, July 24, 2022 (GLOBE NEWSWIRE) — The Global Music Streaming Market size Accounted for USD 29,563 Million in 2021 and is predicted to be worth USD 100,734 Million by 2030, with a CAGR of 14.6% during the Forthcoming Period from 2022 to 2030.
The rise of OTT platforms, the prevalence of audio streaming apps, and widening digitalization are all providing growth potential for the music streaming market. With the elevated adoption of cloud computing and smartphone, the market is evolving. The growing interest in both music streaming and video streaming content categories will fuel market expansion even more. The increasing number of service providers, combined with the existence of various subscription options, is propelling market growth in a positive way. Furthermore, three of the most common music streaming software available in the market is Apple Music, Amazon Music, and Spotify.
Music streaming is a method of delivering audio content to a device without the user having to download it from the Internet. Streaming is an alternative to file downloading, wherein the end user receives the entire file for material before watching and listening to it. Music streaming platforms enable customers to access and listen to podcasts, live performances, music videos, and broadcast audio. These systems include a number of features, including easy access to applications, song recommendations, websites, and automatic playlist generation. These services enable users to download tracks for offline listening. Some of the more modern systems allow users to upload their personal custom playlists to the cloud, which is referred to as the music vault.
Request For Free Sample Report @
Music Streaming Market
Market Size 2021
USD 29,563 Million
Market Forecast 2030
USD 100,734 Million
CAGR During 2022 - 2030
2018 - 2030
2022 - 2030
By Service, By Content Type, By Platform, By End-use, And By Geography
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled
Apple, Inc., Gamma Gaana Limited, Amazon.com, Inc., Pandora Media, Inc., Google LLC, iHeartMedia, Inc., Spotify AB, SoundCloud Limited, Deezer, and Tencent Music Entertainment Group.
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
10 hrs of free customization and expert consultation
Global Music Streaming Market Growth Aspects
The enormous growth of the music streaming market, combined with increasing urbanization, is supporting the global expansion of the online streaming industry. The increasing popularity of streaming technologies, as well as the advancement of modern devices such as smartphones, are expected to drive market expansion over the projected timeframe. Music streaming solutions include a platform that enables consumers to listen to music, and podcasts, and see live performances. Furthermore, these platforms offer advantages like music recommendations, smart playlist customization, and easy accessibility on smartphones app and websites, which should attract the interest of particular consumers over the course of the anticipated timeline.
The global music streaming market is predicted to continue expanding due to a rise in user and music creative demand for online streaming content. Additionally, the development of music streaming systems such as Apple Music, Pandora, Tidal, Spotify, and Amazon Music has resulted in a significant reduction in music piracy. Furthermore, music organizations such as Warner Music Group, Sony Music Entertainment, Universal Music Publishing Group, and Island Records are significantly investing in performers and repertoire in order to develop a strong global presence. As a result, all of these variables will contribute to the growth of the worldwide music streaming market growth in the coming years. Furthermore, the emergence of 5G, machine learning, virtual reality technology, and deep learning are a few other factors that are expected to fuel the global music streaming market growth.
Check the detailed table of contents of the report @
Integration of Artificial Intelligence and Machine Learning into Streaming Platforms Is Boosting the Market Growth
The music industry is continuously witnessing the technologies like artificial intelligence and machine learning via recommendation systems. Furthermore, music streaming companies such as Pandora, Amazon, Spotify, and Apple are elevating their music streaming offerings by using AI. This is predicted to benefit music streaming services in altering the music industry because it aids in the audio exploration based on customer profiles. However, by integrating AI and ML alongside human curation, performers can become stronger over time, resulting in unprecedented levels of fine-tuned personalization. The application of Ml and Ai technologies is expected to assist musicians in creating the high-quality, professional-sounding soundtracks, which is expected to provide a huge opportunity for the music streaming industry.
The global music streaming market has been segmented by Acumen Research and Consulting based on service, content type, platform, and end-use. By service, the market is separated into on-demand streaming, and live streaming. By content type, the market is divided into audio, and video. By platform, the market is classified into app, and brewers. By end-use, the market is categorized into individual, and commercial.
Global Music Streaming Market Regional Outlook
North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the regional classification of the global music streaming market. According to the music streaming market forecast, Asia-Pacific is expected to have considerable growth in the market throughout the projected year. Acceptance of new technologies, as well as increasing smartphone and low-cost internet usage, are driving regional market expansion. Furthermore, the music streaming market in China and India has enormous potential due to the increasing popularity of free music streaming apps like Saavn, JOOX, Gaana, and others. Also, in order to preserve the region’s volume-driven sector and attract and keep consumers, several providers offer freemium streaming services, which fuels regional growth.
Buy this premium research report –
Music Streaming Market Players
Some of the prominent music streaming market companies is Apple, Inc., Gamma Gaana Limited, Amazon.com, Inc., Pandora Media, Inc., Google LLC, iHeartMedia, Inc., Spotify AB, Sound Cloud Limited, Deezer, and Tencent Music Entertainment Group.
Browse More Research Topic on Technology:
The Industrial Communication Market is expected to grow at a CAGR of around 12.0% from 2020 to 2027 and expected to reach the market value of around USD 211.4 Billion by 2027.
The Healthcare Chatbots Market is expected to grow at a CAGR of around 23.3% from 2020 to 2027 and expected to reach the market value of around USD 624.4 Million by 2027.
The Global Crypto Asset Management Market is anticipated to grow at a CAGR of around 24.1% during the forecast period 2020 to 2027 and to reach around USD 1.8 Billion by 2027.
About Acumen Research and Consulting:
Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
For Latest Update Follow Us on Twitter and, LinkedIn
Mr. Richard Johnson
Acumen Research and Consulting
E-mail: [email protected]
The 98-year-old investing legend has spoken.
A 4-year-old girl, a 9-year-old boy and two adults survived Monday after their car plunged off a Northern California cliff along the Pacific Coast Highway near an area known as Devil’s Slide that’s known for fatal wrecks, officials said.
Dow Jones futures kick off the 2023 stock market after a "stay away" year. Q4 Tesla deliveries hit a record, but missed lowered views again.
The Oracle of Omaha won't even buy one share of a company if it doesn't meet this criterion.
While it might not be a feast now for income-oriented investors, it’s a lot better than the famine that prevailed for much of the past decade. Investors can get 3% to 5% yields on municipal bonds, 8% to 9% yields on junk debt, 6% to 8% on preferred stock, and 4% on risk-free short-term Treasuries. Within the stock market, there are yields of 5% to 9% on pipeline companies, 6% on telecom operators, 4% on real estate investment trusts, and 3% on utilities and a broad group of dividend-paying companies, including big banks.
The conventional wisdom is saying that after the high inflation and severe market losses of 2022, we’re in for a rough ride going forward. But there are always contrarian voices, giving alternate opinions and predictions – and that’s what we’re getting from Jonathan Golub, chief U.S. equity strategist at Credit Suisse. Golub’s point is based on data. As he sees it, “The data looks a lot less recessionary that it did three or four months ago… The things [consumers] buy aren't going to go up as
Shares of Chinese electric-vehicle makers rose Tuesday in Hong Kong, led by Li Auto Inc., after strong December delivery data.
In this article, we will take a look at Ken Fisher’s top 15 growth stock picks. If you want to see more stocks in this selection, go to Ken Fisher’s Top 5 Growth Stock Picks. The founder of Fisher Asset Management, Ken Fisher, believes that the market circumstances in 2023 will be similar to those […]
New year, new Social Security rules.
FCF is what's left over from net income after working capital requirements and capital expenditures have been taken out. It's the flow of cash in a year that can be used to make returns to investors (through dividends and share buybacks), fund acquisitions, or, as in Boeing's case, pay down debt. FCF should be a crucial focus for Boeing investors because it's gone south in recent years.
Cathie Wood's flagship Ark Innovation ETF dropped 67% last year, and is down 80% from its February 2021 peak.
(Bloomberg) — The fallout from the collapse of Sam Bankman-Fried’s crypto empire just got messier, with digital-asset entrepreneur Cameron Winklevoss accusing fellow businessman Barry Silbert of “bad faith stall tactics” and the intermingling of funds within his conglomerate that Winklevoss says have left $900 million in customer assets needlessly in limbo since FTX’s meltdown.Most Read from BloombergElon Musk Becomes First Person Ever to Lose $200 BillionUkraine Latest: Strike Kills 63 Russian
(Bloomberg) — Tesla Inc. delivered fewer vehicles than analysts expected last quarter, missing estimates despite taking the unusual step of offering hefty incentives in its two biggest markets.Most Read from BloombergElon Musk Becomes First Person Ever to Lose $200 BillionUkraine Latest: Strike Kills 63 Russian Troops in Occupied TownXi Warns of Tough Covid Fight, Acknowledges Divisions in ChinaGemini’s Cameron Winklevoss Slams Crypto Exec Barry Silbert Over Frozen FundsThe company handed over
Or is it just hot air?
FUTURES MOVERS U.S. stock-market futures were muted Monday, ahead of the first trading day of 2023. Dow Jones Industrial Average futures (YM00) jumped more than 200 points out of the gate, but initial enthusiasm quickly waned.
General Electric (NYSE: GE) is a value situation with the potential to surprise on the upside. United Parcel Service (NYSE: UPS) stock has been sold off due to near-term concerns, but underlying improvements in its business enhance its long-term earnings generation potential. Hexcel's (NYSE: HXL) composites are the future of the aerospace industry.
But they're not a good fit for everyone.
Just about every bank puts a limit on how much cash you can withdraw each day. In part, this is a security feature to prevent thieves from cleaning out unauthorized accounts. In other part, this helps banks and ATMs to … Continue reading → The post How Much Cash Can You Withdraw From Your Bank? appeared first on SmartAsset Blog.
Lending technology company Upstart Holdings (NASDAQ: UPST) has gone from Wall Street hero to (almost) zero. Now, I'd be doing you a disservice if I told you that Upstart is running full steam ahead without any troubles; that's far from the truth. Here are three reasons to love where Upstart could go from here.
It can pay to be a responsible rental property owner. For instance, if you're always investing in your rental property and making improvements, not only will your tenants appreciate it and remain tenants longer, you can get a depreciation deduction … Continue reading → The post How to Avoid Depreciation Tax on Rental Property appeared first on SmartAsset Blog.