Music Streaming Market Report: Trends, Forecast and Competitive Analysis to 2030

Music Streaming Trends and Forecast

The future of the global music streaming market looks promising with opportunities in the individual and commercial markets. The global music streaming market is expected to reach an estimated $72.3 billion by 2030 with a CAGR of 12.5% from 2024 to 2030. The major drivers for this market are increasing usage of smart devices, rising availability of artificial intelligence and machine learning enabled streaming music experience, and growing popularity of personalized playlist recommendations.

A more than 150-page report is developed to help in your business decisions.

Music Streaming by Segment

The study includes a forecast for the global music streaming by platform, service, content, end use, and region.

Music Streaming Market by Platform [Shipment Analysis by Value from 2018 to 2030]:

• Apps
• Browsers

Music Streaming Market by Service [Shipment Analysis by Value from 2018 to 2030]:

• On-Demand Streaming
• Live Streaming

Music Streaming Market by Content [Shipment Analysis by Value from 2018 to 2030]:

• Audio
• Video

Music Streaming Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Individual
• Commercial

Music Streaming Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Music Streaming Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies music streaming companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the music streaming companies profiled in this report include-

• Spotify
• Apple
• Amazon
• Google
• Deezer
• Pandora Media
• Tidal

Music Streaming Market Insights

Lucintel forecasts that application will remain the larger segment over the forecast period due to its rising preference for among customers to have improved overall user experience while streaming music.

Within this market, individual will remain the larger segment due to high availability of wireless networks, change in life styles of younger generation, and a growing number of mobile devices.

North America will remain the largest region over the forecast period due to rising population's preference for advanced music hd service and presence of key players in the region.

Features of the Global Music Streaming Market

Market Size Estimates: Music streaming market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Music streaming market size by various segments, such as by platform, service, content, end use, and region in terms of value ($B).

Regional Analysis: Music streaming market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different platforms, services, contents, end uses, and regions for the music streaming market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the music streaming market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the music streaming market size?

Answer: The global music streaming market is expected to reach an estimated $72.3 billion by 2030.

Q2. What is the growth forecast for music streaming market?

Answer: The global music streaming market is expected to grow with a CAGR of 12.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the music streaming market?

Answer: The major drivers for this market are increasing usage of smart devices, rising availability of artificial intelligence and machine learning enabled streaming music experience, and growing popularity of personalized playlist recommendations.

Q4. What are the major segments for music streaming market?

Answer: The future of the music streaming market looks promising with opportunities in the individual and commercial markets.

Q5. Who are the key music streaming market companies?

Answer: Some of the key music streaming companies are as follows:

• Spotify
• Apple
• Amazon
• Google
• Deezer
• Pandora Media
• Tidal

Q6. Which music streaming market segment will be the largest in future?

Answer: Lucintel forecasts that application will remain the larger segment over the forecast period due to its rising preference for among customers to have improved overall user experience while streaming music.

Q7. In music streaming market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to rising population's preference for advanced music hd service and presence of key players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the music streaming market by platform (apps and browsers), service (on-demand streaming and live streaming), content (audio and video), end use (individual and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?