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Burden of COVID-19 on the Market & Rehabilitation Plan | Global Music Streaming Service Market 2019-2023 | Rising Preference for Music Streaming Services to Boost Growth | Technavio

Technavio has been monitoring the global music streaming service market and it is poised to grow by USD 10.01 billion during 2019-2023. However, the market is expected to decelerate at a CAGR of 16% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Music Streaming Service Market 2019-2023 (Graphic: Business Wire)

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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Alphabet Inc., Amazon.com Inc., Apple Inc., Sirius XM Holdings Inc., and Spotify AB. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The rising preference for music streaming services has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/music-streaming-service-market-industry-analysis

Music Streaming Service Market 2019-2023: Segmentation

Music Streaming Service Market is segmented as below:

  • End-user
    • Individual
    • Commercial
  • Application
    • Paid Music Streaming Service
    • Free Music Streaming Service
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

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Music Streaming Service Market 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The music streaming service market report covers the following areas:

  • Music Streaming Service Market Size
  • Music Streaming Service Market Trends
  • Music Streaming Service Market Industry Analysis

This study identifies the increasing introduction of differentiated music streaming services as one of the prime reasons driving the Music Streaming Service Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Music Streaming Service Market 2019-2023: Key Highlights

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will assist music streaming service market growth during the next five years
  • Estimation of the music streaming service market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the music streaming service market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of music streaming service market, vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY END-USER

  • Market segmentation by end-user
  • Comparison by end-user
  • Individual - Market size and forecast 2018-2023
  • Commercial - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 07: MARKET SEGMENTATION BY STREAMING SERVICE

  • Market segmentation by streaming service
  • Comparison by streaming service
  • Paid music streaming service - Market size and forecast 2018-2023
  • Free music streaming service - Market size and forecast 2018-2023
  • Market opportunity by streaming service

PART 08: CUSTOMER LANDSCAPE

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Increasing introduction of differentiated music streaming services
  • Increasing emergence of bundled services
  • Growing demand for cloud-based music streaming services

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Alphabet Inc.
  • Amazon.com Inc.
  • Apple Inc.
  • Sirius XM Holdings Inc.
  • Spotify AB

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200615005493/en/

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