Global Online Music Streaming Industry

Global Online Music Streaming Industry

  • October 2019 •
  • 100 pages •
  • Report ID: 5817582 •
  • Format: PDF
Online Music Streaming market worldwide is projected to grow by US$56.7 Billion, driven by a compounded growth of 33.6%. Online Music Streaming, one of the segments analyzed and sized in this study, displays the potential to grow at over 33.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$65.4 Billion by the year 2025, Online Music Streaming will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 30.8% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$2.3 Billion to the region’s size and clout in the next 5 to 6 years. Over US$2 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Online Music Streaming will reach a market size of US$3.3 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 40.1% over the next couple of years and add approximately US$13.9 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include among others, Amazon.com, Inc.; Apple, Inc.; Google, Inc. - Google Play; Spotify AB