The global music streaming market was valued at USD 25.75 billion in 2023, growing at a CAGR of 10.2% from 2024 to 2033. The market is expected to reach USD 61.72 billion by 2033. The market's expansion can be linked to the expanding popularity of music streaming platforms and individuals' increasing disposable income. Some of the most well-known digital music services are Spotify, YouTube Music, Pandora, SoundCloud, iHeartRadio, and Apple Music. During the forecast period, there is anticipated to be a surge in the utilization of smart devices and digital platforms. Online portals that allow users to stream music videos, audio tracks, and podcasts are classified as music streaming services. These channels are popular because they offer automatic playlist creation, song suggestions, and effortless connectivity through apps or web browsers. Additionally, increased podcast genres through these platforms contribute to market growth and development.
The pandemic caused by COVID-19 has expedited collaboration among music artists, resulting in new prospects for companies involved in the music streaming market. Due to this increased cooperation, advertisements and subscriptions have become more lucrative, prompting these organizations to search through data on various musicians so they can target local users and generate greater ROI. Consequently, video-streaming sites like Twitch that showcase musical performances are experiencing a surge in viewership during the current crisis.
Online music streaming is distributing music without requiring the user to download any files from the internet. Music is saved in the servers' database and is instantaneously delivered in real-time via the internet to the streamer or users' device. Users of online music streaming services can listen to music videos, audio songs, podcasts, and live performances by musicians. On both the app and browser platforms, online music streaming service providers include features such as customized playlists, song recommendations, and simple access to music. The growing popularity of podcasts has caught consumers' attention recently, and it is projected to drive the growth of the global market over the forecast period. Furthermore, thanks to the rapid use of smart devices such as smartphones and the growing popularity of digital platforms such as Spotify, Amazon Music, and Deezer, online music streaming has gained significant traction in recent years. Furthermore, global internet usage is favourably boosting the music streaming market. The rise of music streaming systems such as Spotify and Apple Music have significantly reduced illicit music sharing and downloading over the internet, which earned no money for music labels or artists. This has significantly reduced the threat of piracy, making online music streaming services a trustworthy choice for artists and music companies like Universal Music Publishing Group, Sony Music Entertainment, and Warner Music Group.
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In July 2020, Spotify introduced its services in Russia and twelve other European nations, including Albania, Belarus, Croatia, Kazakhstan, Kosovo, Bosnia and Herzegovina, Moldova, Montenegro, North Macedonia, Serbia, Slovenia, and Ukraine.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Content Type
4.3.2. Market Attractiveness Analysis by Platform
4.3.3. Market Attractiveness Analysis by End-User
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rising popularity
5.3. Restraints
5.3.1. Lack of ownership
5.4. Opportunities
5.4.1. Launching new services
5.5. Challenges
5.5.1. High cost
6. Global Music Streaming Market Analysis and Forecast, By Content Type
6.1. Segment Overview
6.2. Audio
6.3. Video
7. Global Music Streaming Market Analysis and Forecast, By Platform
7.1. Segment Overview
7.2. Browsers
7.3. Apps
8. Global Music Streaming Market Analysis and Forecast, By End-User
8.1. Segment Overview
8.2. Commercial
8.3. Individual
9. Global Music Streaming Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Music Streaming Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Music Streaming Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Spotify AB
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Apple, Inc.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Amazon.com, Inc.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Google LLC
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Deezer SA
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Pandora Media, Inc.
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Tencent Music Entertainment Group
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Tidal
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. SoundCloud Global Limited & Co. KG
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. iHeartMedia, Inc.
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
2. Global Audio, Music Streaming Market, By Region, 2020-2033 (USD Billion)
3. Global Video, Music Streaming Market, By Region, 2020-2033 (USD Billion)
4. Global Music Streaming Market, By Platform, 2020-2033 (USD Billion)
5. Global Browsers, Music Streaming Market, By Region, 2020-2033 (USD Billion)
6. Global Apps, Music Streaming Market, By Region, 2020-2033 (USD Billion)
7. Global Music Streaming Market, By End-User, 2020-2033 (USD Billion)
8. Global Commercial, Music Streaming Market, By Region, 2020-2033 (USD Billion)
9. Global Individual, Music Streaming Market, By Region, 2020-2033 (USD Billion)
10. North America Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
11. North America Music Streaming Market, By Platform, 2020-2033 (USD Billion)
12. North America Music Streaming Market, By End-User, 2020-2033 (USD Billion)
13. U.S. Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
14. U.S. Music Streaming Market, By Platform, 2020-2033 (USD Billion)
15. U.S. Music Streaming Market, By End-User, 2020-2033 (USD Billion)
16. Canada Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
17. Canada Music Streaming Market, By Platform, 2020-2033 (USD Billion)
18. Canada Music Streaming Market, By End-User, 2020-2033 (USD Billion)
19. Mexico Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
20. Mexico Music Streaming Market, By Platform, 2020-2033 (USD Billion)
21. Mexico Music Streaming Market, By End-User, 2020-2033 (USD Billion)
22. Europe Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
23. Europe Music Streaming Market, By Platform, 2020-2033 (USD Billion)
24. Europe Music Streaming Market, By End-User, 2020-2033 (USD Billion)
25. Germany Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
26. Germany Music Streaming Market, By Platform, 2020-2033 (USD Billion)
27. Germany Music Streaming Market, By End-User, 2020-2033 (USD Billion)
28. France Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
29. France Music Streaming Market, By Platform, 2020-2033 (USD Billion)
30. France Music Streaming Market, By End-User, 2020-2033 (USD Billion)
31. U.K. Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
32. U.K. Music Streaming Market, By Platform, 2020-2033 (USD Billion)
33. U.K. Music Streaming Market, By End-User, 2020-2033 (USD Billion)
34. Italy Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
35. Italy Music Streaming Market, By Platform, 2020-2033 (USD Billion)
36. Italy Music Streaming Market, By End-User, 2020-2033 (USD Billion)
37. Spain Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
38. Spain Music Streaming Market, By Platform, 2020-2033 (USD Billion)
39. Spain Music Streaming Market, By End-User, 2020-2033 (USD Billion)
40. Asia Pacific Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
41. Asia Pacific Music Streaming Market, By Platform, 2020-2033 (USD Billion)
42. Asia Pacific Music Streaming Market, By End-User, 2020-2033 (USD Billion)
43. Japan Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
44. Japan Music Streaming Market, By Platform, 2020-2033 (USD Billion)
45. Japan Music Streaming Market, By End-User, 2020-2033 (USD Billion)
46. China Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
47. China Music Streaming Market, By Platform, 2020-2033 (USD Billion)
48. China Music Streaming Market, By End-User, 2020-2033 (USD Billion)
49. India Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
50. India Music Streaming Market, By Platform, 2020-2033 (USD Billion)
51. India Music Streaming Market, By End-User, 2020-2033 (USD Billion)
52. South America Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
53. South America Music Streaming Market, By Platform, 2020-2033 (USD Billion)
54. South America Music Streaming Market, By End-User, 2020-2033 (USD Billion)
55. Brazil Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
56. Brazil Music Streaming Market, By Platform, 2020-2033 (USD Billion)
57. Brazil Music Streaming Market, By End-User, 2020-2033 (USD Billion)
58. Middle East and Africa Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
59. Middle East and Africa Music Streaming Market, By Platform, 2020-2033 (USD Billion)
60. Middle East and Africa Music Streaming Market, By End-User, 2020-2033 (USD Billion)
61. UAE Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
62. UAE Music Streaming Market, By Platform, 2020-2033 (USD Billion)
63. UAE Music Streaming Market, By End-User, 2020-2033 (USD Billion)
64. South Africa Music Streaming Market, By Content Type, 2020-2033 (USD Billion)
65. South Africa Music Streaming Market, By Platform, 2020-2033 (USD Billion)
66. South Africa Music Streaming Market, By End-User, 2020-2033 (USD Billion)
List of Figures
1. Global Music Streaming Market Segmentation
2. Global Music Streaming Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Music Streaming Market Attractiveness Analysis by Content Type
9. Global Music Streaming Market Attractiveness Analysis by Platform
10. Global Music Streaming Market Attractiveness Analysis by End-User
11. Global Music Streaming Market Attractiveness Analysis by Region
12. Global Music Streaming Market: Dynamics
13. Global Music Streaming Market Share by Content Type (2023 & 2033)
14. Global Music Streaming Market Share by Platform (2023 & 2033)
15. Global Music Streaming Market Share by End-User (2023 & 2033)
16. Global Music Streaming Market Share by Regions (2023 & 2033)
17. Global Music Streaming Market Share by Company (2023)
This study forecasts global, regional, and country revenue from 2020 to 2033. The Brainy Insights has segmented the global music streaming market based on the below-mentioned segments:
Global Music Streaming Market By Content Type:
Global Music Streaming Market By Platform:
Global Music Streaming Market By End-User:
Global Music Streaming Market By Region:
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