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DUBLIN–(BUSINESS WIRE)–The “Online Music Streaming – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Online Music Streaming Market to Reach $78.5 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Online Music Streaming estimated at US$23.9 Billion in the year 2022, is projected to reach a revised size of US$78.5 Billion by 2030, growing at a CAGR of 16% over the analysis period 2022-2030.
Audio, one of the segments analyzed in the report, is projected to record 14.6% CAGR and reach US$42.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Video segment is readjusted to a revised 18.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $6.5 Billion, While China is Forecast to Grow at 21.2% CAGR
The Online Music Streaming market in the U.S. is estimated at US$6.5 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$18.7 Billion by the year 2030 trailing a CAGR of 21.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.9% and 13.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.7% CAGR.
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.
Key Topics Covered:
FOCUS ON SELECT PLAYERS (Total 96 Featured)
MARKET TRENDS & DRIVERS
GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/8rlx9f
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