COVID Impact On Global Online Music Streaming Market 2020-2025

The global pandemic seems to have had a catalytic impact on the market similar to other OTT services with users tuning into news and podcasts from the comfort of their home.

Amazon offers its music service as part of its prime subscription, and a paid unlimited version separately. Amazon is also pitching its lossless music for high quality audio content as a premium offering, competing directly with Tidal.

80% of the revenue channelled from subscriptions while the rest came from ads and partnerships. While subscribers are growing at a healthy rate, keeping the revenue growth up has been a challenging feat for the companies.

In new markets such as India, where paid subscribers are hard to come by, ads are a common feature, considered a small price to pay for free music by the average user.

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Streaming platforms have used advertising and referral campaigns to gain free subscribers and then offering attractive subscription plans for premium features.

The tech giants offer their streaming service across a range of their devices, integrating key features such as virtual assistants to boost user experience.

Spotify commanded a 31% share of total revenue and 35% of paid subscribers in 2019, tailed by Apple music (24% Revenue, 19% Subscribers).

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THIS ONLINE MUSIC STREAMING MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
1. Online Music Streaming Market size and Forecast , by region, by application
2. Average B-2-B price for Online Music Streaming Market, by region, per user
3. Technology trends and related opportunity for new Online Music Streaming Market tech suppliers
4. Market share of leading vendors, by region,
5. Coronavirus impact on Online Music Streaming Market earnings

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Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
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City: Bangalore
State: Karnataka

Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

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