Global Online Music Streaming Strategic Market Report 2023: Rise in Freemium Business Models by Online Music Streaming Services –

DUBLIN–(BUSINESS WIRE)–The “Online Music Streaming – Global Strategic Business Report” report has been added to’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.

What`s New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies – Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Topics Covered:


  • Influencer Market Insights
  • World Market Trajectories
  • Online Music Streaming – Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Industry Witnesses Drop in Music Services Amid COVID-19
  • Lockdowns Increase Consumption of Music Streaming Services
  • Future of Music Streaming Post COVID-19
  • Online Music Streaming: An Overview
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)


  •, Inc.
  • Apple, Inc.
  • Baidu, Inc.
  • Google, Inc. – Google Play
  • Pandora Media, Inc.
  • RealNetworks, Inc.
  • Samsung Electronics Co., Ltd.
  • Sony Corporation
  • Spotify AB
  • Vodafone Group PLC


  • Telecom Network Operators Add Music Services to Boost Growth
  • Rise in Subscription Services Drive Music Streaming
  • Market Share of Music Streaming Subscribers Worldwide
  • Rise in Freemium Business Models by Online Music Streaming Services
  • Rise in Wearable Amplify Growth Opportunities
  • Benefits of Online Music Streaming Platforms
  • Popular Music Streaming Services in the US by Age Group
  • Online Music Streaming Ushers in a Revolution in Music Industry
  • US Music Revenues by Format: 2019
  • Factors Driving Growth in Online Music Subscription
  • Millennials Catch up with Music Streaming
  • Young Adults: Major Demographic for Online Music
  • Breakdown of Streaming Music Listeners by Age-Group
  • Select Music Sources in the US by Age Group
  • Music Consumption by Location


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