04-26-2019 07:49 AM CET - Media & Telecommunications
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Online Music Market Is Booming | Spotify, Apple, Alibaba , Joox , Baidu, Amazon Prime

Press release from: HTF Market Intelligence Consulting Pvt. Ltd.
Online Music Market
Online Music Market
HTF MI added a new research study in its database with title 'Global Online Music Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025' that includes detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like South America (Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico) and important players/vendors such as Spotify (Sweden) , Apple (United States) , Alibaba (China) , Joox (Tecent) (Hong Kong) , Baidu (China) , Kugou (China) , Amazon Prime (United States) , Deezer (France) , GooglePlay (United States) , Pandora (United States) , 163Music (China) and IHeartRadio (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Grooveshark (United States) , Mixcloud (United Kingdom) , LAST.FM (United Kingdom) , Slacker Radio (United States) , SoundCloud (Germany) , Myspace (United States) , 8 Tracks (United States) and The Sixty One (France).The report will help user gain market insights, future trends and growth prospects for forecast period of 2025.

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Summary

Scope of the Study

Online Music Systems are multimedia playback software as well as applications which offers music on the go through online portals. Growing internet penetration and digitalization has revolutionized online music platforms as they come up with various offerings through these platforms. These platform offers online music streaming, downloading, sharing and connecting with friends features. This software enables all the songs fed by the service provider independent of the local data storage. The market study is being classified by Type (Rechargeable and Free), by Application (Car , Web , Mobile and TV) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico) .

Competitive Landscape

Spotify (Sweden) , Apple (United States) , Alibaba (China) , Joox (Tecent) (Hong Kong) , Baidu (China) , Kugou (China) , Amazon Prime (United States) , Deezer (France) , GooglePlay (United States) , Pandora (United States) , 163Music (China) and IHeartRadio (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Grooveshark (United States) , Mixcloud (United Kingdom) , LAST.FM (United Kingdom) , Slacker Radio (United States) , SoundCloud (Germany) , Myspace (United States) , 8 Tracks (United States) and The Sixty One (France).
Since the number of manufacturers is available in the online music market, it shows strong competitive rivalry. The threat of new entrants is also moderate since the online music software have to provide cloud-based solutions which require higher initial investments. Thus, it will fragment the overall competition to some extent. Moreover, the number of audio players, as well as music systems which work with a local database, are available in the market. That will further deteriorate the competitive rivalry in the global online music market. Some of the prominent vendors for this market are Spotify, Apple, Alibaba, Joox and many others.

Market Drivers

Increasing Internet Penetration and Digitalization
Growing Inclination towards Any Music at Any Time

Market Trend

Introduction to Cloud Storage Enabled Music Players which is able to play all the Songs Irrespective of Phone Memory
Adoption of AI enabled Online Music Software which permits the software to play song according to User’s Mood

Restraints

Inappropriate and Comparatively Higher Subscription Charges
Higher Data Consumption and Prerequisite of Stable Internet Connections

Opportunities

Emergence of High Speed Internet Connection with improved Bandwidth such as 5G Technology and Increasing Awareness as well as interest about the Regional Songs

In March 2018, when the global online music software provider Spotify has been launched in Africa, they wanted to get involved in the local population. Thus, the company has started showing advertisements to make an impact on the company’s brand image. Moreover, on December 26, 2018, the company has partnered with Little Green Number, a Johannesburg-based business that recycles leftover or decommissioned billboard material into handmade, one-of-a-kind bags that are sold and donated as part of the organization’s local outreach. Thus, Little Green Number has used donated billboard materials to provide more than 300 free school bags to local students in the province of Gauteng, one of the poorest communities in the country. That has led to improve Spotify’s brand image across the globe.

Key Target Audience

Online Music Software or Service Providers
Online Music Platform Distributors/Traders/Wholesalers
Industry Associations
Downstream Vendors for Online Music Services
Government Agencies
Others

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Table of Contents

1 Market Overview

1.1 Online Music Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook (2013-2023)

1.4.1.2 Canada Market States and Outlook (2013-2023)

1.4.1.3 Mexico Market States and Outlook (2013-2023)

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook (2013-2023)

1.4.2.2 France Market States and Outlook (2013-2023)

1.4.2.3 UK Market States and Outlook (2013-2023)

1.4.2.4 Russia Market States and Outlook (2013-2023)

1.4.2.5 Italy Market States and Outlook (2013-2023)

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook (2013-2023)

1.4.3.2 Japan Market States and Outlook (2013-2023)

1.4.3.3 Korea Market States and Outlook (2013-2023)

1.4.3.4 India Market States and Outlook (2013-2023)

1.4.3.5 Southeast Asia Market States and Outlook (2013-2023)

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook (2013-2023)

1.4.4.2 Egypt Market States and Outlook (2013-2023)

1.4.4.3 Saudi Arabia Market States and Outlook (2013-2023)

1.4.4.4 South Africa Market States and Outlook (2013-2023)

1.4.4.5 Nigeria Market States and Outlook (2013-2023)

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

2.1.1 Business Overview

2.1.2 Online Music Type and Applications

2.1.3 Online Music Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)

3 Global Online Music Market Competition, by Manufacturer

3.1 Global Online Music Sales and Market Share by Manufacturer (2016-2017)

3.2 Global Online Music Revenue and Market Share by Manufacturer (2016-2017)

3.3 Global Online Music Price by Manufacturer (2016-2017)

3.4 Market Concentration Rate

3.4.1 Top 3 Online Music Manufacturer Market Share in 2017

3.4.2 Top 5 Online Music Manufacturer Market Share in 2017

3.5 Market Competition Trend

4 Global Online Music Market Analysis by Regions

4.1 Global Online Music Sales, Revenue and Market Share by Regions

4.1.1 Global Online Music Sales by Regions (2013-2018)

4.1.2 Global Online Music Revenue by Regions (2013-2018)

4.2 North America Online Music Sales, Revenue and Growth Rate (2013-2018)

4.3 Europe Online Music Sales, Revenue and Growth Rate (2013-2018)

4.4 Asia-Pacific Online Music Sales, Revenue and Growth Rate (2013-2018)

4.5 South America Online Music Sales, Revenue and Growth Rate (2013-2018)

4.6 Middle East and Africa Online Music Sales, Revenue and Growth Rate (2013-2018)

....Continued

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