Global Music Streaming Market Forecast to Grow by $ 7.47 Billion during 2020-2024, at a CAGR of 19%

·4-min read

Dublin, May 22, 2020 (GLOBE NEWSWIRE) -- The "Global Music Streaming Market 2020-2024" report has been added to's offering.

The music streaming market is poised to grow by $ 7.47 billion during 2020-2024 progressing at a CAGR of 19% during the forecast period. This report on the music streaming market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as key vendor analysis.

The market is driven by the high growth in mobile ad spending market, increased use of mobile apps and increase in number of subscription services. 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. Also, licensing agreements with new revenue streams and advent of smart speakers will lead to sizable demand in the market.

The music streaming market analysis includes end-user segment and geographic landscapes.

The music streaming market covers the following areas:

  • Music streaming market sizing

  • Music streaming market forecast

  • Music streaming market industry analysis

This 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., Apple Inc., Comcast Corp., Deezer SA, IHEARTMEDIA, INC., Microsoft Corp., Samsung Electronics Co. Ltd., Sirius XM Holdings Inc., Sony Corp., and Spotify Technology SA. 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 on 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.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by 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.

This market research report provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.

Key Topics Covered:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem

  • Market characteristics

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by End-user

  • Comparison by End-user

  • Individual users - Market size and forecast 2019-2024

  • Commercial users - Market size and forecast 2019-2024

  • Market opportunity by End-user

Market Segmentation by Type

  • Market segments

  • Comparison by Type

  • Free - Market size and forecast 2019-2024

  • Paid - Market size and forecast 2019-2024

  • Market opportunity by Type

Customer Landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Volume driver - Demand led growth

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

Companies Mentioned

  • Alphabet Inc.

  • Apple Inc.

  • Comcast Corp.

  • Deezer SA


  • Microsoft Corp.

  • Samsung Electronics Co. Ltd.

  • Sirius XM Holdings Inc.

  • Sony Corp.

  • Spotify Technology SA

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