Music Streaming Service Market to Grow at 12% CAGR to 2019 Says in New Research Report

Streamed music refers to a service that enables users to stream and listen to music/songs using a device connected to the Internet. Service providers purchase digital rights from music recording companies and based on the subscription type, users can access tracks listed on the service provider’s application and website. Many service providers offer online radio streaming services. The user can also download music and playlists directly to their devices for offline listening on the go without using the Internet.

The analysts forecast global music streaming service market to grow at a CAGR of 12.57% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and growth prospects of the global music streaming service market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the streaming music services. This includes both ad-based and ad-free services. The report consolidates the revenues generated from the following devices:

  • Smartphones/tablets
  • PCs/laptops

The report, Global Music Streaming Service Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Regions

  • APAC
  • EMEA
  • Latin America
  • North America

Key Vendors

  • Apple
  • Deezer
  • Google
  • iHeart Media
  • Pandora Media
  • Rdio
  • Spotify

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Other Prominent Vendors

  • CBS
  • Clear Channel Radio
  • Grooveshark
  • Guvera
  • Hungama MyPlay
  • JB Hi-Fi Pty
  • Line
  • Microsoft
  • Mixcloud
  • News
  • RadioTime
  • Rara
  • Rhaposody
  • Saavn
  • Samsung Music Hub
  • Slacker
  • SoundCloud

Market Driver

  • Increase in the number of subscription services

Market Challenge

  • Issues with data security

Market Trend

  • Increase in number of M&A

Key Questions Answered in this Report

  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

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