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Music Streaming Market to See Massive Growth by 2027| Amazon, Inc., Apple Inc., Deezer, Google Inc., iheartmedia, Inc., Joox, SoundCloud, Spotify, and more

04-22-2021 08:52 PM CET | IT, New Media & Software

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
This research report will give you deep insights about the Music Streaming Market and it will also help you in strategic decision making. The final research document is an exhaustive document comprising of 150 pages. All our reports are usually purchased across industries by Executives, Managers, Senior Managers, Strategy people, Directors, Vice Presidents, CXOs, etc. and help them in understanding about the market trends and analysis, competition, industry landscape, market size, market revenue, forecast, COVID-19 impact analysis, SWOT analysis, etc.

In terms of revenue, the music streaming market was valued at US$ 26.04 billion in 2019 and is projected to reach US$ 46.99 billion by 2027 and is expected to growat a CAGR of 7.4% during the forecast period 2020-2027.

The music streaming market is growing with the risingsmartphone usage, internet penetration, and growing population. The scope ofthe digital music streaming websites is taking over the musical scenario. Owingto the availability of cloud technology, regional music offerings, increasedsmartphone adoption, advanced streaming applications, and lesser cost of dataare some of the major aspects transforming the entire landscape of musicstreaming. Spotify, Tidal, Apple Music, iHeartRadio, Deezer, Amazon MusicUnlimited, and YouTube Music are some of the prominent online music streamingservices prevailing in the market. The application of music platforms ismajorly adopted within the age group of 18to 30years, as the individuals ofthis group are willing to invest high value on music streaming. Targeting newdemographics would potentially raise service subscriptions and revenue of theproviders.

Download Sample Pages of this research study at –
https://www.theinsightpartners.com/sample/TIPRE00003356/?source=openpr-10365

Impact of COVID-19Pandemic on Music Streaming Market
The COVID-19 outbreak, which began in Wuhan (China) in December 2019, has spread at a fast pace worldwide. The global factory shutdowns, travel bans, and border lockdowns, to combat and contain the outbreak, have impacted every industry and economy worldwide. Music and Media industry is also impacted negatively and thus act as a restraining factor forthe growth of various markets related to this industry in the coming months. One of the critical areas highly impacted is live performances. The industry isfighting back to recover the loss and come-up with new business models. Tomonetize, the companies are coming up with live shows on streaming devices. Inthe first quarter of 2020, the online music subscription was increased byaround 70% YoY, globally.

The key players profiled in this study includes
- Amazon, Inc.
- Apple Inc.
- Deezer,
- Google Inc.
- iheartmedia, Inc.
- Joox
- Pandora Media, Inc.
- SoundCloud
- Spotify
- Tidal

The objectives of this report are as follows:
To provide overview of the global Music Streaming market
To analyze and forecast the global Music Streaming market on the basis of components, category and applications
To provide market size and forecast till 2027 for overall Music Streaming market with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM), which are later sub-segmented across respective major countries
To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend
To provide exhaustive PEST analysis for all five regions
To profiles key Music Streaming players influencing the market along with their SWOT analysis and market strategies

Key questions answered in the report include:
• What will the market size and the growth rate be in 2027?
• What are the key factors driving the Global Music Streaming Market?
• What are the key market trends impacting the growth of the Global Music Streaming Market?
• What are the challenges to market growth?
• Who are the key vendors in the Global Music Streaming Market?
• What are the market opportunities and threats faced by the vendors in the Global Music Streaming Market?
• Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.

Directly Purchase a copy of this research study at –
https://www.theinsightpartners.com/buy/TIPRE00003356/?source=openpr-10365

A thoroughgoing evaluation of the market for strategic insights and developments. The research study has amalgamated the growth analysis of different aspects that enhance the market growth scenario. It constitutes key market drivers, restraints and trends that transform the market in either a positive or negative manner.

We are keen to understand what additional information if included will help you in your business endeavor. We also hold the expertise to customize the reports based on any specific countries/regions, segmentations, companies, etc. of your choice. Hence you can share your specific requirements, if any.

Additionally, in case you are interested in other topic at the moment, please share your exact requirements with us as apart from our off-the-shelf reports, we also provide customized reports that are prepared keeping in view the clients precise requirements. To let you know, on an annual basis, we publish over 450+ reports across 18 distinct industry verticals.

Contact US:
If you have any queries about this report or would like further information, please contact us:
North America: +1 646 491 9876
Asia-Pacific: +91 20 6727 8686
Email: sales@theinsightpartners.com

ABOUT US:
The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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