Global Music Streaming Market Size, Forecasts, And Opportunities – Includes Music Streaming Market Share
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The global music streaming market is expected to grow from $24.09 billion in 2021 to $27.24 billion in 2022 at a compound annual growth rate (CAGR) of 13.08%. The global music streaming market size is expected to grow to $45.31 billion in 2026 at a compound annual growth rate (CAGR) of 13.57%.
The increasing adoption of smart devices is expected to propel the growth of the music streaming market.
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The music streaming market consists of sales of music streaming services by entities (organizations, sole traders, and partnerships) that are used to feed audio content directly into the device, personal computers (PC), or mobile devices, without the need of downloading files from the internet. It is offered through a web-based or application-based service. Users can also download music for offline listening and upload their soundtrack to the cloud using these services.
Global Music Streaming Market Segments Include:
By Service: On-Demand Streaming, Live Streaming
By Content: Audio, Video
By Platform: Application-Based, Web-Based
By Revenue Channels: Non-Subscription, Subscription
By End-Use: Individual, Commercial
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global music streaming market in 2021.
Artificial intelligence and machine learning in music streaming devices are the key trends in the music streaming market. Technologies like artificial intelligence and Machine learning enhance the music streaming experience by increasing storage and improving the search recommendations, improving the overall experience.
TBRC’s Music Streaming Market Report Covers:
Major Market Players: Amazon, Apple, Spotify, Gaana, SoundCloud, YouTube Music, Tidal, Deezer, Pandora, Sirius XM Holdings, iHeartRadio, Aspiro, Tencent Music Entertainment, Google, Idagio, LiveXLive, QTRAX, Saavn, Samsung, Sony Corporation, TuneIn, JOOX, NetEase, Kakao and Times Internet.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Music Streaming Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides music streaming market overviews, analyzes and forecasts market size, share, music streaming market players, music streaming market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s music streaming market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here Is A List Of Similar Reports From The Business Research Company:
Video Streaming Software Global Market Report 2022
Live Streaming Global Market Report 2022
Digital Publishing And Content Streaming Global Market Report 2022
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