Global Music Streaming Market 2023-2027

Description

List of Tables

Technavio has been monitoring the music streaming market and is forecast to grow by USD 31101.37 mn during 2022-2027, accelerating at a CAGR of 15.67% during the forecast period. Our report on the music streaming market provides a holistic analysis, market size, and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing preference for music streaming services, rising internet and smartphone penetration, and an increase in mobile ads driving revenue for music streaming apps.

Technavio's music streaming market is segmented as below:

By Type

Free
Paid

By End-user

Individual users
Commercial users

By Geography

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the increasing introduction of differentiated music streaming services as one of the prime reasons driving the music streaming market growth during the next few years. Also, the advent of smart speakers and the growing demand for cloud-based music streaming services will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters. Our report on the music streaming market covers the following areas:

Music streaming market sizing
Music streaming market forecast
Music streaming market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading music streaming market vendors that include Alphabet Inc., Amazon.com Inc., Apple Inc., Bharti Airtel Ltd., Curb Records Inc., Deezer SA, Gamma Gaana Ltd., iHeartMedia Inc., KKBOX, Meredith Corp., Mixcloud Ltd., RealNetworks Inc., Reliance Industries Ltd., Sirius XM Holdings Inc., SoundCloud Global Ltd. and Co. KG, SOUNDMACHINE, Soundtrack Your Brand Sweden AB, Spotify Technology SA, Tencent Holdings Ltd., and TuneIn Inc. Also, the music streaming market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR43324

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global music streaming market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global music streaming market 2017 - 2021 ($ million)
4.2 Type Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Type Segment 2017 - 2021 ($ million)
4.3 End-user Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - End-user Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2022-2027 (%)
Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Free - Market size and forecast 2022-2027
Exhibit 34: Chart on Free - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Free - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Free - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Free - Year-over-year growth 2022-2027 (%)
6.4 Paid - Market size and forecast 2022-2027
Exhibit 38: Chart on Paid - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Paid - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Paid - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Paid - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ million)
Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)
7.2 Comparison by End-user
Exhibit 46: Chart on Comparison by End-user
Exhibit 47: Data Table on Comparison by End-user
7.3 Individual users - Market size and forecast 2022-2027
Exhibit 48: Chart on Individual users - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on Individual users - Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on Individual users - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Individual users - Year-over-year growth 2022-2027 (%)
7.4 Commercial users - Market size and forecast 2022-2027
Exhibit 52: Chart on Commercial users - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Commercial users - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Commercial users - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Commercial users - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by End-user
Exhibit 56: Market opportunity by End-user ($ million)
Exhibit 57: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 59: Chart on Market share by geography 2022-2027 (%)
Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 APAC - Market size and forecast 2022-2027
Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 UK - Market size and forecast 2022-2027
Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.11 Germany - Market size and forecast 2022-2027
Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.12 Japan - Market size and forecast 2022-2027
Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 103: Market opportunity by geography ($ million)
Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Alphabet Inc.
Exhibit 111: Alphabet Inc. - Overview
Exhibit 112: Alphabet Inc. - Business segments
Exhibit 113: Alphabet Inc. - Key news
Exhibit 114: Alphabet Inc. - Key offerings
Exhibit 115: Alphabet Inc. - Segment focus
12.4 Amazon.com Inc.
Exhibit 116: Amazon.com Inc. - Overview
Exhibit 117: Amazon.com Inc. - Business segments
Exhibit 118: Amazon.com Inc. - Key news
Exhibit 119: Amazon.com Inc. - Key offerings
Exhibit 120: Amazon.com Inc. - Segment focus
12.5 Apple Inc.
Exhibit 121: Apple Inc. - Overview
Exhibit 122: Apple Inc. - Business segments
Exhibit 123: Apple Inc. - Key news
Exhibit 124: Apple Inc. - Key offerings
Exhibit 125: Apple Inc. - Segment focus
12.6 Bharti Airtel Ltd.
Exhibit 126: Bharti Airtel Ltd. - Overview
Exhibit 127: Bharti Airtel Ltd. - Business segments
Exhibit 128: Bharti Airtel Ltd. - Key news
Exhibit 129: Bharti Airtel Ltd. - Key offerings
Exhibit 130: Bharti Airtel Ltd. - Segment focus
12.7 Curb Records Inc.
Exhibit 131: Curb Records Inc. - Overview
Exhibit 132: Curb Records Inc. - Product / Service
Exhibit 133: Curb Records Inc. - Key offerings
12.8 Deezer SA
Exhibit 134: Deezer SA - Overview
Exhibit 135: Deezer SA - Product / Service
Exhibit 136: Deezer SA - Key news
Exhibit 137: Deezer SA - Key offerings
12.9 Gamma Gaana Ltd.
Exhibit 138: Gamma Gaana Ltd. - Overview
Exhibit 139: Gamma Gaana Ltd. - Product / Service
Exhibit 140: Gamma Gaana Ltd. - Key offerings
12.10 iHeartMedia Inc.
Exhibit 141: iHeartMedia Inc. - Overview
Exhibit 142: iHeartMedia Inc. - Business segments
Exhibit 143: iHeartMedia Inc. - Key offerings
Exhibit 144: iHeartMedia Inc. - Segment focus
12.11 KKBOX
Exhibit 145: KKBOX - Overview
Exhibit 146: KKBOX - Product / Service
Exhibit 147: KKBOX - Key offerings
12.12 Meredith Corp.
Exhibit 148: Meredith Corp. - Overview
Exhibit 149: Meredith Corp. - Product / Service
Exhibit 150: Meredith Corp. - Key offerings
12.13 Reliance Industries Ltd.
Exhibit 151: Reliance Industries Ltd. - Overview
Exhibit 152: Reliance Industries Ltd. - Business segments
Exhibit 153: Reliance Industries Ltd. - Key news
Exhibit 154: Reliance Industries Ltd. - Key offerings
Exhibit 155: Reliance Industries Ltd. - Segment focus
12.14 Sirius XM Holdings Inc.
Exhibit 156: Sirius XM Holdings Inc. - Overview
Exhibit 157: Sirius XM Holdings Inc. - Business segments
Exhibit 158: Sirius XM Holdings Inc. - Key offerings
Exhibit 159: Sirius XM Holdings Inc. - Segment focus
12.15 SoundCloud Global Ltd. and Co. KG
Exhibit 160: SoundCloud Global Ltd. and Co. KG - Overview
Exhibit 161: SoundCloud Global Ltd. and Co. KG - Product / Service
Exhibit 162: SoundCloud Global Ltd. and Co. KG - Key offerings
12.16 Spotify Technology SA
Exhibit 163: Spotify Technology SA - Overview
Exhibit 164: Spotify Technology SA - Business segments
Exhibit 165: Spotify Technology SA - Key offerings
Exhibit 166: Spotify Technology SA - Segment focus
12.17 Tencent Holdings Ltd.
Exhibit 167: Tencent Holdings Ltd. - Overview
Exhibit 168: Tencent Holdings Ltd. - Business segments
Exhibit 169: Tencent Holdings Ltd. - Key offerings
Exhibit 170: Tencent Holdings Ltd. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 171: Inclusions checklist
Exhibit 172: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 173: Currency conversion rates for US$
13.4 Research methodology
Exhibit 174: Research methodology
Exhibit 175: Validation techniques employed for market sizing
Exhibit 176: Information sources
13.5 List of abbreviations
Exhibit 177: List of abbreviations