Global Online Music Streaming Market to Reach $73.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Online Music Streaming estimated at US$11.7 Billion in the year 2020, is projected to reach a revised size of US$73.5 Billion by 2027, growing at a CAGR of 30% over the period 2020-2027.
The U.S. Market is Estimated at $3.1 Billion, While China is Forecast to Grow at 37.2% CAGR
The Online Music Streaming market in the U.S. is estimated at US$3.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$19 Billion by the year 2027 trailing a CAGR of 37.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23.8% and 27.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 25.7% CAGR.We bring years of research experience to this 17th edition of our report. The 192-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Amazon.com, Inc.
- Apple, Inc.
- Baidu, Inc.
- Google, Inc.
- Pandora Media, Inc.
- RealNetworks, Inc.
- Samsung Electronics Co., Ltd.
- Sony Corporation
- Spotify AB
- Vodafone Group PLC