Music Streaming Market 2023 - Opportunity Analysis, Market Size, Share, Regional Outlook And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Music Streaming Market Size, Growth Rate, And Forecast
The global music streaming market size grew from $27.29 billion in 2022 to $30.99 billion in 2023 at a compound annual growth rate (CAGR) of 13.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The music streaming market size is expected to grow to $52.47 billion in 2027 at a CAGR of 14.1%.

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Music Streaming Market Drivers
The increasing adoption of smart devices is expected to propel the growth of the music streaming market. Smart devices such as smartphones, and smart speakers have changed the way of listening to music. They include smart features like the ability to set alarms, play music on voice command, control smart devices in-home, and stream live music, as they are powered by a virtual assistant.

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Music Streaming Market Segments
1) By Service: On-Demand Streaming, Live Streaming

2) By Content: Audio, Video

3) By Platform: Application-Based, Web-Based

4) By Revenue Channels: Non-Subscription, Subscription

5) By End-Use: Individual, Commercial

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the music streaming market.

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Music Streaming Market Key Players
Major competitors in the music streaming market include Amazon, Apple, Spotify, Gaana, SoundCloud, YouTube Music, Tidal, Deezer, Pandora, Sirius XM Holdings, iHeartRadio, Aspiro, Tencent Music Entertainment.

The Business Research Company's "Global Music Streaming Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Music Streaming Market Include:
1. Executive Summary
2. Music Streaming Market Characteristics
3. Music Streaming Market Trends And Strategies
4. Music Streaming Market - Macro Economic Scenario
5. Music Streaming Market Size And Growth
......
26. Africa Music Streaming Market
27. Music Streaming Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Music Streaming Market
29. Music Streaming Market Future Outlook and Potential Analysis
30. Appendix

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