Worldwide Technology : Digital Music Content Will Globally Expand at a CAGR of Almost 8.73% by 2020

Albany, New York, June 20, 2017 :
Music by service can be broadly classified into two categories:
Access music
Ownership music
In this kind of music, the user has access to soundtracks with the help of digital music content websites, generally on a monthly subscription and free-to-access mode. However, the user cannot store it either in physical or in digital form. Spotify is an example of such service.

Technavios analysts forecast the global digital music content market to grow at a CAGR of 8.73% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global digital music content market for 2016-2020. To calculate the market size, the report considers the revenue generated from the digital music content market by different regions.

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

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Technavio's report, Global Digital Music Content 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 Media
Spotify

Other prominent vendors
CBS
Gaana
Guvera
Hungama MyPlay
Line Music
Mixcloud
Napster
RadioTime
Saavn
SoundCloud

Market driver
Initiatives to curb piracy
For a full, detailed list, view our report

Market challenge
Value gap due to exemption from safe harbor rules
For a full, detailed list, view our report

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Market trend
Replacement of digital music records
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.