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Cloud Music Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global cloud music services market reached a value of US$ XX Million in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Cloud music services enable users to store and stream music by overcoming limitations imposed by the device storage space. They provide access to extensive libraries of audio samples, virtual studio technologies (VSTs), mixing tools, synthesizer presets, and partially or completed work for remixing. Besides this, as they also facilitate functions, such as sharing, backup, transfer of files between devices, and automated organization of records and metadata, the demand for cloud music services is rising across the globe.

 

 
 

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Cloud Music Services Market Trends:

There is presently a considerable growth in the number of individuals using cloud music services around the world. This, in confluence with the increasing sales of electronics, represents one of the key factors propelling the growth of the market. Moreover, there is a rise in the integration of data analytics systems in the music industry that enables streaming service providers to identify the music preferences of their customers and make recommendations accordingly. Besides this, cloud music services help users play music without the risk of legal infringement of rights or copyright litigation. This, coupled with technological advancements like 4G and 5G networks that offer high-speed access to cloud music services, is positively influencing the market. Apart from this, key players are focusing on strategic developments, partnerships with domestic players, aggressive promotional activities, geographical expansions, and mergers and acquisitions (M&A) to expand their consumer base. They are also financing research and development (R&D) activities to increase their overall sales and profitability. Furthermore, rapid digitalization and the increasing reliance on smartphones, tablets, and portable music players worldwide, are projected to facilitate the growth of the market in the upcoming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cloud music services market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, application and end use.

Breakup by Type:

 

 
 

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  • Cloud Music Download
  • Streaming Subscription
  • Ad-based Cloud Music Streaming
     

Breakup by Application:

  • Smartphones and Tablets
  • Cars
  • Stereo Systems
  • Others
     

Breakup by End Use:

  • Individual Use
  • Commercial Use
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon.com Inc., Apple Inc., Deezer, Gamma Gaana Ltd. (Times Internet), NetEase Inc., Pandora Media LLC (Sirius XM Holdings), Rhapsody International Inc. (RealNetworks Inc.), Saavn Media Pvt Ltd, Spotify AB and YouTube Music (Google LLC).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Type, Application, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amazon.com Inc., Apple Inc., Deezer, Gamma Gaana Ltd. (Times Internet), NetEase Inc., Pandora Media LLC (Sirius XM Holdings), Rhapsody International Inc. (RealNetworks Inc.), Saavn Media Pvt Ltd, Spotify AB and YouTube Music (Google LLC).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Cloud Music Services Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Cloud Music Download
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Streaming Subscription
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Ad-based Cloud Music Streaming
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Application
    7.1    Smartphones and Tablets
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Cars
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Stereo Systems
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by End Use
    8.1    Individual Use
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Commercial Use
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Amazon.com Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Apple Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Deezer
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Gamma Gaana Ltd. (Times Internet)
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    NetEase Inc.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
        14.3.6    Pandora Media LLC (Sirius XM Holdings)
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Rhapsody International Inc. (RealNetworks Inc.)
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Saavn Media Pvt Ltd
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Spotify AB
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
        14.3.10    YouTube Music (Google LLC)
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 SWOT Analysis

List of Figures

Figure 1: Global: Cloud Music Services Market: Major Drivers and Challenges
Figure 2: Global: Cloud Music Services Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Cloud Music Services Market: Breakup by Type (in %), 2021
Figure 5: Global: Cloud Music Services Market: Breakup by Application (in %), 2021
Figure 6: Global: Cloud Music Services Market: Breakup by End Use (in %), 2021
Figure 7: Global: Cloud Music Services Market: Breakup by Region (in %), 2021
Figure 8: Global: Cloud Music Services (Cloud Music Download) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Cloud Music Services (Cloud Music Download) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Cloud Music Services (Streaming Subscription) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Cloud Music Services (Streaming Subscription) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Cloud Music Services (Ad-based Cloud Music Streaming) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Cloud Music Services (Ad-based Cloud Music Streaming) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Cloud Music Services (Smartphones and Tablets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Cloud Music Services (Smartphones and Tablets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Cloud Music Services (Cars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Cloud Music Services (Cars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Cloud Music Services (Stereo Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Cloud Music Services (Stereo Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Cloud Music Services (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Cloud Music Services (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Cloud Music Services (Individual Use) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Cloud Music Services (Individual Use) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Cloud Music Services (Commercial Use) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Cloud Music Services (Commercial Use) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia-Pacific: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia-Pacific: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Cloud Music Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Cloud Music Services Market: Breakup by Country (in %), 2021
Figure 74: Middle East and Africa: Cloud Music Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Global: Cloud Music Services Industry: SWOT Analysis
Figure 76: Global: Cloud Music Services Industry: Value Chain Analysis
Figure 77: Global: Cloud Music Services Industry: Porter's Five Forces Analysis 

List of Tables

Table 1: Global: Cloud Music Services Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Cloud Music Services Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Cloud Music Services Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Cloud Music Services Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 5: Global: Cloud Music Services Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Cloud Music Services Market: Competitive Structure
Table 7: Global: Cloud Music Services Market: Key Players


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Key Questions Answered in This Report

We expect the global cloud music services market to exhibit a CAGR of 18.69% during 2022

The expanding technological advancements, such as 4G and 5G networks, along with the rising adoption of cloud music services to share, backup, transfer of files between devices, and automate organization of records and metadata, are primarily driving the global cloud music services market.

The sudden outbreak of the COVID-19 pandemic has led to the growing deployment of cloud music services to store and stream music through Virtual Studio Technologies (VSTs) remotely, during the lockdown scenario.

Based on the type, the global cloud music services market can be segmented into cloud music download, streaming subscription, and ad-based cloud music streaming. Currently, cloud music download accounts for the majority of the total market share.

Based on the application, the global cloud music services market has been divided smartphones and tablets, cars, stereo systems, and others. Among these, smartphones and tablets currently exhibit a clear dominance in the market

Based on the end use, the global cloud music services market can be categorized into individual use and commercial use. Currently, the commercial use holds the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global cloud music services market include Amazon.com Inc., Apple Inc., Deezer, Gamma Gaana Ltd. (Times Internet), NetEase Inc., Pandora Media LLC (Sirius XM Holdings), Rhapsody International Inc. (RealNetworks Inc.), Saavn Media Pvt Ltd, Spotify AB, and YouTube Music (Google LLC).

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