Press release
Online Music Streaming in the United States of America (USA) Market to Get a New Boost | Spotify, Apple, Pandora Media, Amazon
Online Music Streaming
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Online Music Streaming in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The online music streaming market consists of revenues generated from music and music video streaming. Revenues are made up from subscription service charges and ad-supported streams. All currency conversions are carried out at constant annual average 2020 exchange rates.
- The US online music streaming market had total revenues of $7.7bn in 2020, representing a compound annual growth rate (CAGR) of 31.4% between 2016 and 2020.
- The subscription services segment was the market's most lucrative in 2020, with total revenues of $6.7bn, equivalent to 87.9% of the market's overall value.
- Competition in the market has also been a key factor that has driven strong growth; though Spotify remains the market leader, other service providers such as Apple Music, Amazon Music Unlimited, and Pandora have also made huge progress.
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Reasons to Buy
- What was the size of the United States online music streaming market by value in 2020
- What will be the size of the United States online music streaming market in 2025
- What factors are affecting the strength of competition in the United States online music streaming market
- How has the market performed over the last five years
- What are the main segments that make up the United States's online music streaming market
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Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the online music streaming market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the online music streaming market in the United States
- Leading company profiles reveal details of key online music streaming market players' global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States online music streaming market with five year forecasts
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