Audio Streaming Market | Business Opportunities, Current Trends And Industry Analysis

udio streaming refers to the one-way audial content transmission in compressed form through the internet and retrieved and played as per the users' convenience and time, without the requirement of downloading. These services enable content audibility without consuming additional storage space providing access to millions of songs as per the users' choice, which is expected to be among the prominent factors fueling market growth.

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Major industry players in this market include Apple Inc., Deezer, Alphabet Inc., Guvera Ltd., Hungama.com Pvt. Ltd., Microsoft Corp., Pandora Media Inc., Rhapsody International Inc., Saavn, LLC, Slacker Inc., and Spotify.

What are all the companies currently described in the report?
The report contains the main players currently on this market.
(**The list of companies mentioned may vary in the final report subject to change of name / merger, etc.)

Audio Streaming Market Taxonomy
On the basis of platform, the global audio streaming market is classified into:
-Smartphones
-Laptops & desktops
-Tablets

On the basis of end services, the global audio streaming market is classified into:
-Subscription based services
-Ad-supported services

Market Growth:
Ad supported services accounted for the largest user share in the market in 2016. However, subscription based services was the largest revenue generating segment in the audio streaming market. Moreover, consumers in developed economies prefer premium content with paid subscription as against free services. Requirement to capitalize on this opportunity, industry participants are increasingly focusing on paid services as a part of their offerings.

Revenue generated from these streaming technologies is expected to witness considerable surge. However, market is expected to face significant challenges from growing piracy across the globe, specifically in emerging economies. Moreover, low profit margins, licensing related expenditure & efforts and growing competition owing to high threats from new entrants are expected to consistently hinder the overall audio streaming market growth.

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Is the inclusion of additional segmentation/ market possible?
Yes, the inclusion of additional segmentation / breakdown of the market is possible depending on the availability of data and the difficulty of the survey. However, a detailed requirement must be shared with our research before giving a final confirmation to the customer.
(** Depending on needs, delivery time and quote will vary.)

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