Digital Music Content Industry: Share, Trend, Segmentation and Growth, Future Prospects & Competitive Analysis, Forecast to 2020

Publisher's market research analyst predicts the global digital music content market to grow at a CAGR of around 9% by 2020. The digital music content market is undergoing a gradual replacement of digital music records and CDs by several alternatives such as portable storage devices like iPods, multimedia players, and cloud-storage services. People prefer listening to music through cloud music that allows them to store, stream, download, and share the content. Cloud computing has become a crucial component in the market as it offers legal access to online music, even from the remote servers. Services like iTunes Match have gained huge popularity in the market and have accelerated the frequency of music downloads. In addition, the market is also gaining tremendous support from the social networking sites such as Facebook and YouTube, which help artists to create content that their fans demand and help in more active participation from the audience side. Such developments will positively impact the growth of this market during the forecast period.

EMEA will be the fastest-growing region in the digital music content market and is anticipated to grow at a CAGR of more than 14% by 2020. European countries such as the UK, Germany, and Sweden are the major revenue-contributing nations in the region. The primary reason for this region’s growth will be the strong music development in Africa. Africa’s digital music content and downloading scenario are witnessing high competition from domestic players like iROKING, Spinlet, and Simfy which are trying to establish themselves in the global market, will further accelerate growth in the overall region during the forecast period.

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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

Leading vendors in the market are –

Apple

Deezer

Google

iHeartMedia

Pandora

Spotify

Other prominent vendors in the digital music content market include CBS, Clear Channel Radio, Gaana.com, Grooveshark, Guvera, Hungama MyPlay, JB Hi-Fi Pty, Line, Mixcloud, News, RadioTime, Rara, Rhapsody, Saavn, and SoundCloud.

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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

Market trend

- Replacement of digital music records

- For a full, detailed list, view our report

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