Press release
Global Online Music Streaming Market to Reach US$ 23.7 Billion by 2028, accelerating at a CAGR of 9.28% | IMARC Group
Online music streaming platforms allow users to listen to music, audio, and podcasts in real time through an internet connection without downloading them. Some popular online music streaming applications include Tidal, Spotify, YouTube Music, Apple Music, Amazon Music Unlimited, Mixcloud, Google Play Music, Wynk Music, SoundCloud, Deezer, Pandora, and Gaana music. They offer on-demand services wherein audio media files are prearranged and transmitted to televisions (TVs), smartphones, computers, and tablets. In addition, they support autoplay and on-demand songs, provide high-quality audio and lyrics, enable users to share podcasts and music, and offer downloads for songs. Owing to these properties, online music streaming is gaining immense popularity among individuals across the globe.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ณ๐ฟ๐ฒ๐ฒ ๐๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฏ๐ฟ๐ผ๐ฐ๐ต๐๐ฟ๐ฒ: https://www.imarcgroup.com/request?type=report&id=6213&flag=A
๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐ฅ๐ข๐ง๐ ๐๐ฎ๐ฌ๐ข๐ ๐๐ญ๐ซ๐๐๐ฆ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ
The market is primarily driven by the increasing popularity of online music streaming platforms and the growing expenditure capacities of consumers. Besides this, the incorporation of smart devices, including Google cast and Alexa by Amazon, to stream music online with instant playback and hands-free control features is also contributing to the market growth. In addition, the rising penetration of the internet and significant expansion of the media and entertainment industry are contributing to the market growth.
Moreover, the integration of 5th generation (5G) mobile networks, machine learning (ML), virtual reality (VR), and artificial intelligence (AI) represent another major growth-inducing factor. Besides this, the coronavirus disease (COVID-19) pandemic has escalated online video and audio music streaming during the lockdown, thus, propelling the market growth. Additionally, the extensive use of online music streaming applications by gyms, cafes, and restaurants pubs is providing a positive thrust to the market growth. Furthermore, strategic partnerships and mergers and acquisitions (M&A) among leading market players to extend their company presence are also creating a favorable market outlook.
๐๐ต๐ฒ๐ฐ๐ธ๐ผ๐๐ ๐ก๐ผ๐:
https://www.imarcgroup.com/checkout?id=6213&method=1
๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐ฅ๐ข๐ง๐ ๐๐ฎ๐ฌ๐ข๐ ๐๐ญ๐ซ๐๐๐ฆ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ 2023-2028 ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐ง๐ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
The competitive landscape of the online music streaming market has been studied in the report with the detailed profiles of the key players operating in the market.
๐ฆ๐ผ๐บ๐ฒ ๐ผ๐ณ ๐๐ต๐ฒ๐๐ฒ ๐ธ๐ฒ๐ ๐ฝ๐น๐ฎ๐๐ฒ๐ฟ๐ ๐ถ๐ป๐ฐ๐น๐๐ฑ๐ฒ:
Amazon.com Inc
ANGHAMI, Apple Inc.
Gamma Gaana Ltd. (The Times Group)
iHeartMedia Inc.
Musixmatch
Saavn Media Pvt Ltd.
SoundCloud Ltd.
Spotify AB
and Tencent Music Entertainment Group.
๐๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป:
The report has segmented the online music streaming market on the basis of service, Revenue Model, Platform, Content type and End User
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐๐ซ๐ฏ๐ข๐๐:
On-demand Streaming
Live Streaming
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐๐ฏ๐๐ง๐ฎ๐ ๐๐จ๐๐๐ฅ:
Subscription
Non-subscription
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ฅ๐๐ญ๐๐จ๐ซ๐ฆ:
App
Browser
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐จ๐ง๐ญ๐๐ง๐ญ ๐๐ฒ๐ฉ๐:
Audio
Video
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ง๐ ๐๐ฌ๐๐ซ:
Individual
Commercial
๐๐๐ธ ๐๐ป๐ฎ๐น๐๐๐ ๐ณ๐ผ๐ฟ ๐ญ๐ฌ% ๐ณ๐ฟ๐ฒ๐ฒ ๐ฐ๐๐๐๐ผ๐บ๐ถ๐๐ฒ๐ฑ ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.imarcgroup.com/online-music-streaming-market
๐๐ฒ๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ฉ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ-
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Data Center UPS Market Report- https://www.imarcgroup.com/data-center-ups-market
Wearable Computing Devices Market Report- https://www.imarcgroup.com/wearable-computing-devices-market
self storage market Size & Share- https://www.imarcgroup.com/self-storage-market
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐ฆ:
IMARC Group
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Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
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Asia: +91-120-433-0800
๐๐ฏ๐ผ๐๐ ๐จ๐:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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