Persistence Market Research (PMR) offers an 8-year forecast for the global music streaming market between 2018 and 2026. In terms of value, the market is expected to register a double-digit CAGR during forecast period. This study demonstrates the market dynamics and trends globally across seven regions: North America, Latin America, Europe, SEA and Pacific, China, Japan, and Middle East & Africa, which influence the current nature and future status of the music streaming market over the forecast period.
Report Description
This research report provides a detailed analysis of the music streaming market and offers insights about the various factors driving the popularity of music streaming and their advantages. The report includes an extensive analysis of key industry drivers, challenges, market trends, and market structure. The market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on type of streaming, end-user, content type and different regions globally.
The music streaming market is expected to witness significant value growth during the forecast period owing to increasing penetration of internet, increasing adoption of smartphones and tablets, declining data charges, increasing internet speed, increasing awareness against piracy and increasing millennial population.
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The report starts with an overview of the music streaming market in terms of value. In addition, this section includes an analysis of key trends, drivers, and challenges from the supply, demand, and economy side, which are influencing the music streaming market.
The music streaming market is classified on the basis of type of streaming, end-user, content type and region. On the basis of type of streaming, the market is sub-segmented into live streaming and on-demand streaming. Based on end-user, the music streaming market is sub-segmented into residential and commercial. Based on content type, the music streaming market is sub-segmented into audio streaming and video streaming. Owing to the increasing adoption of on-demand paid subscription based music streaming services in developed regions such as North America and Europe, the former is expected to dominate the global music streaming market, in terms of value, throughout the forecast period.
A detailed analysis has been provided for every segment in terms of market size analysis for the music streaming market across different regions. This section provides a detailed analysis that covers key trends.
The next section contains a detailed analysis of the music streaming market across various countries in the region. It provides a market outlook for 2018–2026 and sets the forecast within the context of the music streaming market, which includes latest technological developments as well as offerings in the market. This study discusses key trends within countries contributing to growth of the market, as well as analyses the degrees at which drivers are influencing this market in each region. Key regions and countries assessed in this report include North America (U.S., Canada), Latin America (Brazil, Mexico, & Rest of Latin America), Europe (UK, France, Germany, Italy, Spain, Russia, & rest of Europe), SEA (India, Australia and New Zealand, ASEAN and Rest of SEA and Pacific), China, Japan, and MEA (GCC Countries, Turkey, South Africa, Northern Africa, & rest of MEA). This report evaluates the present scenario and the growth prospects of the music streaming market across various regions globally for the period 2018 –2026. We have considered 2017 as the base year and provided data for the remaining 12 months.
To offer an accurate forecast, we started by sizing the current market, which forms the basis of how the music streaming market will grow in the future. Given the characteristics of the market, we have triangulated the outcome of different types of analysis based on the technology trends.
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As previously highlighted, the global music streaming market is split into a number of segments. All segments in terms of type of streaming, end-user, content type and different regions are analyzed in terms of basis points to understand the relative contributions of individual segments to market growth. This detailed level of information is important for the identification of various key trends in the global music streaming market.
In addition, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global Music Streaming market.