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

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.

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:

MARKET OVERVIEW

• 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)

FOCUS ON SELECT PLAYERS (Total 96 Featured)

• Amazon.com, 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

MARKET TRENDS & DRIVERS

• 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

GLOBAL MARKET PERSPECTIVE

For more information about this report visit https://www.researchandmarkets.com/r/8rlx9f

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