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Music Streaming Trends and Forecast
The future of the global music streaming market looks promising with opportunities in the individual and commercial markets. The global music streaming market is expected to reach an estimated $72.3 billion by 2030 with a CAGR of 12.5% from 2024 to 2030. The major drivers for this market are increasing usage of smart devices, rising availability of artificial intelligence and machine learning enabled streaming music experience, and growing popularity of personalized playlist recommendations.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Music Streaming by Segment
The study includes a forecast for the global music streaming by platform, service, content, end use, and region.
Music Streaming Market by Platform [Shipment Analysis by Value from 2018 to 2030]:
• Apps
• Browsers
Music Streaming Market by Service [Shipment Analysis by Value from 2018 to 2030]:
• On-Demand Streaming
• Live Streaming
Music Streaming Market by Content [Shipment Analysis by Value from 2018 to 2030]:
• Audio
• Video
Music Streaming Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Individual
• Commercial
Music Streaming Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Music Streaming Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies music streaming companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the music streaming companies profiled in this report include-
• Spotify
• Apple
• Amazon
• Google
• Deezer
• Pandora Media
• Tidal
Music Streaming Market Insights
Lucintel forecasts that application will remain the larger segment over the forecast period due to its rising preference for among customers to have improved overall user experience while streaming music.
Within this market, individual will remain the larger segment due to high availability of wireless networks, change in life styles of younger generation, and a growing number of mobile devices.
North America will remain the largest region over the forecast period due to rising populationÄX%$%Xs preference for advanced music hd service and presence of key players in the region.
Features of the Global Music Streaming Market
Market Size Estimates: Music streaming market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Music streaming market size by various segments, such as by platform, service, content, end use, and region in terms of value ($B).
Regional Analysis: Music streaming market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different platforms, services, contents, end uses, and regions for the music streaming market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the music streaming market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the music streaming market size?
Answer: The global music streaming market is expected to reach an estimated $72.3 billion by 2030.
Q2. What is the growth forecast for music streaming market?
Answer: The global music streaming market is expected to grow with a CAGR of 12.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the music streaming market?
Answer: The major drivers for this market are increasing usage of smart devices, rising availability of artificial intelligence and machine learning enabled streaming music experience, and growing popularity of personalized playlist recommendations.
Q4. What are the major segments for music streaming market?
Answer: The future of the music streaming market looks promising with opportunities in the individual and commercial markets.
Q5. Who are the key music streaming market companies?
Answer: Some of the key music streaming companies are as follows:
• Spotify
• Apple
• Amazon
• Google
• Deezer
• Pandora Media
• Tidal
Q6. Which music streaming market segment will be the largest in future?
Answer: Lucintel forecasts that application will remain the larger segment over the forecast period due to its rising preference for among customers to have improved overall user experience while streaming music.
Q7. In music streaming market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to rising populationÄX%$%Xs preference for advanced music hd service and presence of key players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the music streaming market by platform (apps and browsers), service (on-demand streaming and live streaming), content (audio and video), end use (individual and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Music Streaming Market, Music Streaming Market Size, Music Streaming Market Growth, Music Streaming Market Analysis, Music Streaming Market Report, Music Streaming Market Share, Music Streaming Market Trends, Music Streaming Market Forecast, Music Streaming Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Music Streaming Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Music Streaming Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Music Streaming Market by Platform
3.3.1: Apps
3.3.2: Browsers
3.4: Global Music Streaming Market by Service
3.4.1: On-Demand Streaming
3.4.2: Live Streaming
3.5: Global Music Streaming Market by Content
3.5.1: Audio
3.5.2: Video
3.6: Global Music Streaming Market by End Use
3.6.1: Individual
3.6.2: Commercial
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Music Streaming Market by Region
4.2: North American Music Streaming Market
4.2.2: North American Music Streaming Market by End Use: Individual and Commercial
4.3: European Music Streaming Market
4.3.1: European Music Streaming Market by Platform: Apps and Browsers
4.3.2: European Music Streaming Market by End Use: Individual and Commercial
4.4: APAC Music Streaming Market
4.4.1: APAC Music Streaming Market by Platform: Apps and Browsers
4.4.2: APAC Music Streaming Market by End Use: Individual and Commercial
4.5: ROW Music Streaming Market
4.5.1: ROW Music Streaming Market by Platform: Apps and Browsers
4.5.2: ROW Music Streaming Market by End Use: Individual and Commercial
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Music Streaming Market by Platform
6.1.2: Growth Opportunities for the Global Music Streaming Market by Service
6.1.3: Growth Opportunities for the Global Music Streaming Market by Content
6.1.4: Growth Opportunities for the Global Music Streaming Market by End Use
6.1.5: Growth Opportunities for the Global Music Streaming Market by Region
6.2: Emerging Trends in the Global Music Streaming Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Music Streaming Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Music Streaming Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Spotify
7.2: Apple
7.3: Amazon
7.4: Google
7.5: Deezer
7.6: Pandora Media
7.7: Tidal
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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