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

Market Overview:

The global online music streaming market size reached US$ 16.11 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 29.66 Billion by 2027, exhibiting a growth rate (CAGR) of 9.60% 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 on different end use sectors. These insights are included in the report as a major market contributor.

Online music streaming applications enable users to listen to songs in real-time using an internet connection. These applications offer an on-demand service wherein audio media files are prearranged in sequential packets of data and transmitted to smartphones, tablets, TVs and computers without saving them to the hard drive. Presently, several companies are introducing smart devices, such as Amazon’s Alexa and Google Cast, to stream music online with hands-free control and instant playback features. With the escalating demand for these smart devices, on account of rapid urbanization, inflating disposable incomes and the emergence of smart homes, the demand for online music streaming applications is escalating worldwide.

Online Music Streaming Market Trends:

The growing dependency on smartphones, increasing penetration of the internet and the thriving media and entertainment industry are among the key factors stimulating the growth of the online music streaming market worldwide. Moreover, easy access to music on multiple devices, along with the rising trend of on-demand songs, are driving the market growth. Apart from this, the integration of online music streaming applications with social media platforms allows users to create and share collaborative playlists with acquaintances. They also offer young artists a platform to upload and promote their tracks and reach a wider audience. Furthermore, digital service providers (DSPs) are launching applications with a user-friendly interface and a huge library of music and podcasts. These providers are also offering attractive premium plans, such as family packs or free subscription for a few months, which, in turn, is anticipated to bolster the market growth in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global online music streaming market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on service, revenue model, platform, content type and end user.

Breakup by Service:

  • On-demand Streaming
  • Live Streaming
     

Breakup by Revenue Model:

  • Subscription
  • Non-subscription
     

Breakup by Platform:

  • App
  • Browser
     

Breakup by Content Type:

  • Audio
  • Video
     

Breakup by End User:

  • Individual
  • Commercial
     

Breakup by Region:

  • 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, ANGHAMI, Apple Inc., Gamma Gaana Ltd. (The Times Group), iHeartMedia Inc., Musixmatch, Saavn Media Pvt Ltd., SoundCloud Ltd., Spotify AB and Tencent Music Entertainment Group.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Service, Revenue Model, Platform, Content Type, End User, 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, ANGHAMI, Apple Inc., Gamma Gaana Ltd. (The Times Group), iHeartMedia Inc., Musixmatch, Saavn Media Pvt Ltd., SoundCloud Ltd., Spotify AB and Tencent Music Entertainment Group.
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)

 

Key Questions Answered in This Report:

  • How has the global online music streaming market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global online music streaming market?
  • What are the key regional markets?
  • What is the breakup of the market based on the service?
  • What is the breakup of the market based on the revenue model?
  • What is the breakup of the market based on the platform?
  • What is the breakup of the market based on the content type?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global online music streaming market and who are the key players?
  • What is the degree of competition in the industry?

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 Online Music Streaming Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Service
    6.1    On-demand Streaming
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Live Streaming
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Revenue Model
    7.1    Subscription
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Non-subscription
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Platform
    8.1    App
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Browser
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Content Type
    9.1    Audio
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Video
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by End User
    10.1    Individual
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Commercial
        10.2.1 Market Trends
        10.2.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Amazon.com Inc
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
           16.3.1.3 Financials
           16.3.1.4 SWOT Analysis
        16.3.2    ANGHAMI
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
        16.3.3    Apple Inc.
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
           16.3.3.3 Financials
           16.3.3.4 SWOT Analysis
        16.3.4    Gamma Gaana Ltd. (The Times Group)
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
        16.3.5    iHeartMedia Inc.
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
           16.3.5.3 Financials
           16.3.5.4 SWOT Analysis
        16.3.6    Musixmatch
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
        16.3.7    Saavn Media Pvt Ltd.
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
        16.3.8    SoundCloud Ltd.
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
        16.3.9    Spotify AB
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
           16.3.9.3 Financials
        16.3.10    Tencent Music Entertainment Group
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio

List of Figures

Figure 1: Global: Online Music Streaming Market: Major Drivers and Challenges
Figure 2: Global: Online Music Streaming Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Online Music Streaming Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Online Music Streaming Market: Breakup by Service (in %), 2021
Figure 5: Global: Online Music Streaming Market: Breakup by Revenue Model (in %), 2021
Figure 6: Global: Online Music Streaming Market: Breakup by Platform (in %), 2021
Figure 7: Global: Online Music Streaming Market: Breakup by Content Type (in %), 2021
Figure 8: Global: Online Music Streaming Market: Breakup by End User (in %), 2021
Figure 9: Global: Online Music Streaming Market: Breakup by Region (in %), 2021
Figure 10: Global: Online Music Streaming (On-demand Streaming) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Online Music Streaming (On-demand Streaming) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Online Music Streaming (Live Streaming) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Online Music Streaming (Live Streaming) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Online Music Streaming (Subscription) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Online Music Streaming (Subscription) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Online Music Streaming (Non-subscription) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Online Music Streaming (Non-subscription) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Online Music Streaming (App) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Online Music Streaming (App) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Online Music Streaming (Browser) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Online Music Streaming (Browser) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Online Music Streaming (Audio) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Online Music Streaming (Audio) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Online Music Streaming (Video) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Online Music Streaming (Video) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Online Music Streaming (Individual) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Online Music Streaming (Individual) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Online Music Streaming (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Online Music Streaming (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Online Music Streaming Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Online Music Streaming Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Global: Online Music Streaming Industry: SWOT Analysis
Figure 80: Global: Online Music Streaming Industry: Value Chain Analysis
Figure 81: Global: Online Music Streaming Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Online Music Streaming Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Online Music Streaming Market Forecast: Breakup by Service (in Million US$), 2022-2027
Table 3: Global: Online Music Streaming Market Forecast: Breakup by Revenue Model (in Million US$), 2022-2027
Table 4: Global: Online Music Streaming Market Forecast: Breakup by Platform (in Million US$), 2022-2027
Table 5: Global: Online Music Streaming Market Forecast: Breakup by Content Type (in Million US$), 2022-2027
Table 6: Global: Online Music Streaming Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 7: Global: Online Music Streaming Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Online Music Streaming Market: Competitive Structure
Table 9: Global: Online Music Streaming Market: Key Players


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