Market Demand : Music Streaming Market Globally Grow at a CAGR of 13.31% by 2020

ALBANY, NY, May 22, 2017 : Online music streaming enables real-time, uninterrupted access to music without downloading the files. Users can legally access high-quality songs for free for a pre-defined period or by paying a nominal subscription fee. The major advantage of the paid service is that it provides users with ad-free service. Emerging music streaming sites, high-speed internet, cloud technologies, changing customer needs, demand for real-time music access, and innovation in services are adding to the popularity and success of music streaming market.

Technavios analysts forecast the global music streaming market to grow at a CAGR of 13.31% during the period 2016-2020.

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Covered in this report
The report covers the present scenario and the growth prospects of the global music streaming market for 2016-2020. For calculating the market size, the report considers the revenue generated from the music streaming market by region.

The market is divided into the following segments based on geography:
Americas
EMEA
APAC

Technavio's report, Global Music Streaming Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Apple
Deezer
Google
iHeartMedia
Pandora
Spotify

Other prominent vendors
CBS
Clear Channel Radio
Gaana.com
Grooveshark
Guvera
Hungama MyPlay
JB Hi-Fi Pty
Line
Mixcloud
News
RadioTime
Rara
Rhapsody
Saavn
SoundCloud

Market driver
Growth in music streaming subscription
For a full, detailed list, view our report

Market challenge
Threat to data security
For a full, detailed list, view our report

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Market trend
Globalization of the music streaming market
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.