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North American Online Music Streaming Market Size, Share, Growth, Research and Forecast 2020-2026

01-23-2021 09:39 AM CET | Leisure, Entertainment, Miscellaneous

Press release from: Orion Market Research

North American Online Music Streaming Market Size, Share,

The North American online music streaming market is anticipated to grow at a considerable CAGR of 16.8% during the forecast period (2020-2026). The market growth is mainly attributed to the high smartphone penetration and the increasing adoption of smart devices across the globe. In addition, promotional offers such as discounts on premium subscription and free monthly trials are also boosting the market growth. Some Platforms are providing free services with ads or an option to choose premium subscriptions, which is allowing users to easily switch to online streaming. Further, the huge array of albums, songs, and podcasts on these platforms and the use of AI & ML to customize playlists and provide song recommendation is attracting a lot of young user bases.

A full report of North American Online Music Streaming Market is available at: https://www.omrglobal.com/industry-reports/north-american-online-music-streaming-market

Moreover, the COVID-19 pandemic has driven the demand for online music streaming. Due to a lack of entertainment options, people have switched to digital entertainment sources including online music streaming. For instance, according to a report from the RIAA (Recording Industry Association of America), revenues from streaming services grew nearly 20% YoY in 2019 to $8.8 billion, accounting for 79.5% of all recorded music revenues. However, this has impacted the companies which have a share of ad revenue such as YouTube and Spotify due to the increase in the premium subscription.

To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/north-american-online-music-streaming-market

Market Coverage

• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered-
o By Service
o By Content-Type
o By Platform
o By End-User
o By Revenue Model
• Regions Covered- North America
• Competitive Landscape- Amazon.com, Inc., Apple, Inc., Deezer SA, Google LLC., Spotify AB

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/north-american-online-music-streaming-market

North American Online Music Streaming Market Report Segment

By Service

• On-Demand streaming
• Live Streaming

By Content-Type

• Audio Streaming
• Video Streaming

By Platform

• Browsers
• Applications

By End-User

• Residential
• Commercial

By Revenue Model

• Subscription
• Advertisement

Company Profiles

• Amazon.com, Inc.
• Apple, Inc.
• Deezer SA
• Google LLC
• iHeartMedia, Inc.
• Jango, Inc.
• LiveXLive, Corp.
• Pandora Media, Inc.
• SoundCloud Ltd.
• Spotify AB
• Tidal (Aspiro AB)

Reasons to Buying From us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com

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