Global Online Music Streaming Industry

Global Online Music Streaming Industry

  • July 2020 •
  • 192 pages •
  • Report ID: 5817582 •
  • Format: PDF
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.
    Google Play
  • Pandora Media, Inc.
  • RealNetworks, Inc.
  • Samsung Electronics Co., Ltd.
  • Sony Corporation
  • Spotify AB
  • Vodafone Group PLC