Dublin, Aug. 28, 2019 (GLOBE NEWSWIRE) -- The "Music Streaming Service Market by End-users, Streaming Service, and Geography - Global Forecast and Analysis 2019-2023" report has been added to ResearchAndMarkets.com's offering.
Increasing preference for music streaming services
Globally, the development of wired and wireless technologies and telecommunication standards such as 3G, 4G, and 5G has resulted in an improvement of Internet bandwidth, thereby supporting the adoption of music streaming services across the world. Music streaming services help prevent illegal downloading and sharing of music.
This demand for increasing preference for music streaming services will lead to the expansion of the global music streaming service market at a CAGR of over 16% during the forecast period.
Increasing introduction of differentiated music streaming services
The increasing introduction of differentiated music streaming services in the global music streaming service market is leading the vendors to provide streaming services to their customers with several features, including easy accessibility on various platforms, auto playlist customization, and high audio quality. This development is expected to have a positive impact on the overall market growth.
Market Dynamics
The market report looks at factors such as increasing preference for music streaming service, the decline in physical sales of music, and increase in mobile ads driving revenue for music streaming apps.
However, lack of ownership in music streaming, low-profit margins of vendors, and illegal downloads and piracy may hamper the growth of the music streaming service industry over the forecast period.
Segment Analysis
The music streaming service market analysis considers sales from both individual and commercial end-users. The analysis also considers the sales of music streaming service in APAC, Europe, North America, South America, and MEA.
In 2018, the individual segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as easy access to music online and increasing use of smart-handheld devices will play a significant role in the individual segment to maintain its market position.
Competitive Landscape
With the presence of several major players, the global music streaming service market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading music streaming service manufacturers, that include:
- Alphabet
- Amazon.com
- Apple
- Sirius XM
- Spotify
Also, the music streaming service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
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
- 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
- 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 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
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
For more information about this report visit https://www.researchandmarkets.com/r/s538a3
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