Cloud Music Streaming Market
Cloud Music Streaming Market Analysis By Type (Cloud Music Download, Streaming Subscription, Ad-based Cloud Music Streaming), By End Use (Individual Use, Commercial Use), By Application (Smartphones, Laptops, Tablets, Cars, Stereo Systems) - Global Market Insights 2021 to 2031
Analysis of Cloud Music Streaming market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Music Streaming Market Outlook
The global cloud music streaming market was valued at around US$ 10 Billion in 2020, and is expected to reach a valuation of US$ 30 Billion by 2031, accelerating at a CAGR of 12%.
Demand for cloud music streaming for individual use is higher and is projected to rise at a CAGR of 10% across the assessment period of 2021 to 2031.
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Revenue Analysis of Cloud Music Streaming from 2016 to 2020 Compared to Market Outlook for 2021 to 2031
As per Fact.MR, a market research and competitive intelligence provider, the global market for cloud music streaming was valued at US$ 10 Bn in 2020.
Cloud has revolutionized the music industry and the way digital music is being consumed. Owing to its growing penetration and coverage, mobile phones have become the device of choice for availing cloud music services.
According to the IFPI Global Music Report 2018, total streaming revenue grew by 41.1% and became the single largest revenue source. In 2017, there were 176 Mn users of paid subscription accounts globally, with 64 Mn having been added during the same year.
In 2017, revenue generated from paid streaming also increased, reaching US$ 1.49 Bn as compared to US$ 995 Mn in 2016. Consistent growth of services such as Apple Music, Spotify, and Amazon's streaming services are positively impacting the growth of paid subscriptions.
Record companies providing customers with a customized music experience and growing demand for cloud music streaming in cars and cloud enabled stereo systems will be driving market growth over the coming years.
Emergence of 5G, rising sales of cloud music streaming subscriptions, and top cloud music streaming applications are few other factors expected to drive market expansion at 12% CAGR from 2021 to 2031.
What are the Key Factors Driving Market Growth for Cloud Music Streaming?
Cloud music streaming is primarily used to increase access to music by overcoming limitations imposed by device storing capacity or lack of ownership. Streaming, subscription, and other cloud services provide listeners with service agreements to rent music out for a certain fee or under certain conditions.
Increasing integration of analytics in the music industry is expected to be one of the latest trends in the cloud music streaming industry. Backing from curators, editors, and data analytics systems enables record companies to provide customers with a customized music experience.
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What are the Restraints being Encountered by Cloud Music Streaming Service Providers?
Issues related to high Internet costs are expected to limit the growth of the global market for cloud music streaming. Also, increasing concerns related to bandwidth and fast streaming requirement are expected to create challenges for the growth of the market to a certain extent over the coming years.
Which Region Offers Huge Opportunity for Cloud Music Streaming?
North America leads with more than 40% share in the global market for cloud music streaming. North America has also been a pioneer in the adoption of music services, which provides the region with an edge over other regions.
Presence of key market players such as
- Amazon.com Inc.
- Apple Inc.
- Google LLC
- Pandora Media Inc.
is one of the primary factors driving the market in the region.
Moreover, fixed broadband speeds and coverage, high penetration of connected devices, and growing demand for cloud music and on-demand streaming services also supplement the development of these services in the region.
Rising demand for cloud music streaming subscriptions in Japan and increasing sales of cloud music streaming in Canada are supporting the growth of cloud music streaming services across these countries.
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Country-wise Analysis
What is the Cloud Music Streaming Demand Outlook for the U.S.?
The U.S. market for cloud music streaming was valued at over US$ 3 Bn in 2020. The U.S. is expected to show promising growth due to high penetration of the Internet and increase in adoption of smartphones, coupled with rise in the number of netizens.
According to the IFPI Global Music Report 2018, streaming in the United States was up 49.8% and paid subscription audio streaming revenue grew 59.6%. Paid music streaming has been aiding overall market growth of the U.S. music industry.
Spotify and Apple Music are responsible for around 80% of subscription streaming among subscribers in the United States.
Presence of cloud music streaming service providers in the U.S., high disposable income, and elevated demand & consumption of music are expected to boost market growth in the country.
What are the Growth Opportunities for Cloud Music Streaming Service Providers across China?
By 2031, China is expected to have a market value of roughly US$ 8 Bn. Shift in consumer Internet consumption patterns from traditional phones to smartphones is one of the significant factors driving demand for cloud music in China.
Top cloud music service providers as well as global companies are expanding their businesses across the region. Many local players provide the freemium model of streaming services to sustain the volume-driven market in the country and to retain existing customers as well as attract new ones.
Category-wise Insights
Will Increasing Penetration of Smartphones Drive Demand for Cloud Music Streaming?
With growing number of smartphones and tablets, music listeners’ behaviour is changing. Top listed companies in the global cloud music streaming market are entering into strategic partnerships with mobile manufacturers to expand their business scope.
Use of music cloud services is also increasing at a faster rate. It eradicates the issue of storing songs on a mobile. It allows users to listen to their favorite playlists whenever they want with the use of a smartphone. Increasing number of smartphones has led to higher adoption of mobile cloud services, which eventually has increased demand for mobile cloud services.
Moreover, with advanced technology related to mobile networks, users can enjoy high-speed Internet access to playlists over the cloud, and this is predicted to boost the over cloud music service market.
Rising demand for cloud music streaming in smartphones, tablets, and laptops, latest trends in cloud music streaming subscriptions, and significant mobile coverage claiming over one billion 4G subscriptions are some of the major factors influencing the global cloud music services market.
Why is the Popularity of Cloud Music Streaming for Individual Use Rising Rapidly?
Cloud music streaming for individual use accounts for a share of 50% in the market, as the emergence of online music streaming services has enabled users to access millions of songs easily.
In addition, changes in lifestyle of individuals, which involves listening to music during commuting & daily chores, is driving demand for cloud music streaming on wearable devices; this has led to the growth of the individual segment.
Since the introduction of music streaming services, users have been able to access millions of songs on demand easily. Many tech companies allow their employees to plug in earphones to listen to songs and work in isolation.
Furthermore, with improved accessibility of wireless networks and extensive use of mobile devices, downloads are increasingly being replaced in the digital music market. These factors are also expected to drive adoption of these platforms among an increasing number of individuals globally.
How Has COVID-19 Impacted Demand for Cloud Music Streaming?
The outbreak of the COVID-19 pandemic is further acting as a key driving force for the global cloud music streaming space. This is attributed to the fact that governments imposed stringent lockdowns to contain the spread of the virus.Hence, people were forced to stay at home, which, in turn, increased adoption and usage of top cloud music streaming apps across the globe.
According to Tencent Music Entertainment, music streaming was majorly done using home appliances such as TVs more than smartphones during lockdowns. Moreover, an upsurge has been witnessed in the number of subscribers on various platforms such as Spotify, Tencent Music Entertainment, and Amazon Music.
All in all, the COVID-19 outbreak had a positive impact on the growth of the music streaming market.
Competitive Landscape
Top companies in the cloud music streaming market are acquiring start-ups working on cloud-based music services to strengthen their product capabilities.
- Spotify launched its service in 13 new markets in the Middle East and North Africa, with a fully Arabic user experience, offering music fans the best of international and local music, and a wealth of locally-curated playlists, such as Oriental Chill Vibes and Arabic EDM, among others.
- Amazon launched Amazon Prime Music, an ad-free music streaming service available exclusively for Prime members. The service includes features such as unlimited offline downloads and voice controlled search with Amazon’s personal assistant software - Alexa.
Cloud Music Streaming Industry Report Scope
| Report Attributes | Details |
|---|---|
| Market size value in 2020 | USD 10 Billion |
| Market forecast value in 2031 | USD 30 Billion |
| Growth Rate | CAGR of 12% from 2021 to 2031 |
| Forecast Period | 2021 to 2031 |
| Historical Data Available for | 2016 to 2020 |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; MEA |
| Key Market Segments Covered | Type, Application, End Use, Region |
| Key Companies Profiled | Apple Inc.; Amazon.com, Inc.; Pandora Media, Inc.; Spotify; Google Inc.; Microsoft Corp.; Sound Cloud; Tune-In Radio; Rhapsody; My Space; Napster; Samsung Music Hub; Grooveshark; Gaana.com; Aspiro; Last.fm; Beats Electronics |
Key Market Segments in Cloud Music Streaming Industry Research
-
BY Type :
- Cloud Music Download
- Cloud Music Streaming Subscription
- Ad-based Cloud Music Streaming
-
By Application :
- Smartphones
- Laptops
- Tablets
- Cars
- Cloud Enabled Stereo Systems
-
By End Use :
- Individual Use
- Commercial Use
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Global Market Demand (US$ Mn) Analysis 2016 to 2020 and Forecast, 2021 to 2031
- 6. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, By Application
- 6.1. Smartphones
- 6.2. Laptops
- 6.3. Tablets
- 6.4. Cars
- 6.5. Cloud-enabled Stereo Systems
- 7. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Type
- 7.1. Cloud Music Download
- 7.2. Subscriptions
- 7.3. Ad-based
- 8. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by End User
- 8.1. Commercial
- 8.2. Individual
- 9. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East and Africa (MEA)
- 10. North America Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 11. Latin America Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 12. Europe Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 13. East Asia Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 14. South Asia & Oceania Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 15. Middle East and Africa Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Apple Inc.
- 17.2. Amazon.com, Inc.
- 17.3. Pandora Media, Inc.
- 17.4. Spotify, Google Inc.
- 17.5. Microsoft Corp.
- 17.6. Sound Cloud
- 17.7. Tune-In Radio
- 17.8. Rhapsody
- 17.9. My Space
- 17.10. Napster
- 17.11. Samsung Music Hub
- 17.12. Grooveshar
- 17.13. Gaana.com
- 17.14. Aspiro
- 17.15. Last.fm
- 17.16. Beats Electronics
- 18. Assumptions And Acronyms Used
- 19. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn) Analysis, by Application, 2016 to 2020
Table 2: Global Market Value (US$ Mn) Analysis, by Application, 2021 to 2031
Table 3: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2021 to 2031
Table 4: Global Market Value (US$ Mn) Analysis, by Type, 2016 to 2020
Table 5: Global Market Value (US$ Mn) Analysis, by Type, 2021 to 2031
Table 6: Global Market Value (US$ Mn) Opportunity Analysis, by Type, 2021 to 2031
Table 7: Global Market Value (US$ Mn) Analysis, by End User, 2016 to 2020
Table 8: Global Market Value (US$ Mn) Analysis, by End User, 2021 to 2031
Table 9: Global Market Value (US$ Mn) Opportunity Analysis, by End User, 2021 to 2031
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2016 to 2020
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2021 to 2031
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2021 to 2031
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2016 to 2020
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2021 to 2031
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2021 to 2031
Table 16: North America Market Value (US$ Mn) Analysis, by Application, 2016 to 2020
Table 17: North America Market Value (US$ Mn) Analysis, by Application, 2021 to 2031
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2021 to 2031
Table 19: North America Market Value (US$ Mn) Analysis, by Type, 2016 to 2020
Table 20: North America Market Value (US$ Mn) Analysis, by Type, 2021 to 2031
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Type, 2021 to 2031
Table 22: North America Market Value (US$ Mn) Analysis, by End User, 2016 to 2020
Table 23: North America Market Value (US$ Mn) Analysis, by End User, 2021 to 2031
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by End User, 2021 to 2031
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2016 to 2020
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2021 to 2031
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2021 to 2031
Table 28: Latin America Market Value (US$ Mn) Analysis, by Application, 2016 to 2020
Table 29: Latin America Market Value (US$ Mn) Analysis, by Application, 2021 to 2031
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2021 to 2031
Table 31: Latin America Market Value (US$ Mn) Analysis, by Type, 2016 to 2020
Table 32: Latin America Market Value (US$ Mn) Analysis, by Type, 2021 to 2031
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Type, 2021 to 2031
Table 34: Latin America Market Value (US$ Mn) Analysis, by End User, 2016 to 2020
Table 35: Latin America Market Value (US$ Mn) Analysis, by End User, 2021 to 2031
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by End User, 2021 to 2031
Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2016 to 2020
Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2021 to 2031
Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2021 to 2031
Table 40: Europe Market Value (US$ Mn) Analysis, by Application, 2016 to 2020
Table 41: Europe Market Value (US$ Mn) Analysis, by Application, 2021 to 2031
Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2021 to 2031
Table 43: Europe Market Value (US$ Mn) Analysis, by Type, 2016 to 2020
Table 44: Europe Market Value (US$ Mn) Analysis, by Type, 2021 to 2031
Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2021 to 2031
Table 46: Europe Market Value (US$ Mn) Analysis, by End User, 2016 to 2020
Table 47: Europe Market Value (US$ Mn) Analysis, by End User, 2021 to 2031
Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by End User, 2021 to 2031
Table 49: East Asia Market Value (US$ Mn) Analysis, by Country, 2016 to 2020
Table 50: East Asia Market Value (US$ Mn) Analysis, by Country, 2021 to 2031
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2021 to 2031
Table 52: East Asia Market Value (US$ Mn) Analysis, by Application, 2016 to 2020
Table 53: East Asia Market Value (US$ Mn) Analysis, by Application, 2021 to 2031
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2021 to 2031
Table 55: East Asia Market Value (US$ Mn) Analysis, by Type, 2016 to 2020
Table 56: East Asia Market Value (US$ Mn) Analysis, by Type, 2021 to 2031
Table 57: East Asia Market Value (US$ Mn) Opportunity Analysis, by Type, 2021 to 2031
Table 58: East Asia Market Value (US$ Mn) Analysis, by End User, 2016 to 2020
Table 59: East Asia Market Value (US$ Mn) Analysis, by End User, 2021 to 2031
Table 60: East Asia Market Value (US$ Mn) Opportunity Analysis, by End User, 2021 to 2031
Table 61: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2016 to 2020
Table 62: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2021 to 2031
Table 63: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Country, 2021 to 2031
Table 64: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2016 to 2020
Table 65: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2021 to 2031
Table 66: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Application, 2021 to 2031
Table 67: South Asia & Oceania Market Value (US$ Mn) Analysis, by Type, 2016 to 2020
Table 68: South Asia & Oceania Market Value (US$ Mn) Analysis, by Type, 2021 to 2031
Table 69: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Type, 2021 to 2031
Table 70: South Asia & Oceania Market Value (US$ Mn) Analysis, by End User, 2016 to 2020
Table 71: South Asia & Oceania Market Value (US$ Mn) Analysis, by End User, 2021 to 2031
Table 72: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by End User, 2021 to 2031
Table 73: MEA Market Value (US$ Mn) Analysis, by Country, 2016 to 2020
Table 74: MEA Market Value (US$ Mn) Analysis, by Country, 2021 to 2031
Table 75: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2021 to 2031
Table 76: MEA Market Value (US$ Mn) Analysis, by Application, 2016 to 2020
Table 77: MEA Market Value (US$ Mn) Analysis, by Application, 2021 to 2031
Table 78: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2021 to 2031
Table 79: MEA Market Value (US$ Mn) Analysis, by Type, 2016 to 2020
Table 80: MEA Market Value (US$ Mn) Analysis, by Type, 2021 to 2031
Table 81: MEA Market Value (US$ Mn) Opportunity Analysis, by Type, 2021 to 2031
Table 82: MEA Market Value (US$ Mn) Analysis, by End User, 2016 to 2020
Table 83: MEA Market Value (US$ Mn) Analysis, by End User, 2021 to 2031
Table 84: MEA Market Value (US$ Mn) Opportunity Analysis, by End User, 2021 to 2031
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List Of Figures
Figure 1: Global Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 2: Global Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 3: Global Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 4: Global Market Incremental $ Opportunity, 2021 to 2031
Figure 5: Global Market Share and BPS Analysis by Application, 2021 & 2031
Figure 6: Global Market Y-o-Y Growth Projections by Application, 2021 to 2031
Figure 7: Global Market Attractiveness Analysis by Application, 2021 to 2031
Figure 8: Global Market Share and BPS Analysis by Type, 2021 & 2031
Figure 9: Global Market Y-o-Y Growth Projections by Type, 2021 to 2031
Figure 10: Global Market Attractiveness Analysis by Type, 2021 to 2031
Figure 11: Global Market Share and BPS Analysis by End User, 2021 & 2031
Figure 12: Global Market Y-o-Y Growth Projections by End User, 2021 to 2031
Figure 13: Global Market Attractiveness Analysis by End User, 2021 to 2031
Figure 14: Global Market Share and BPS Analysis by Region, 2021 & 2031
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2021 to 2031
Figure 16: Global Market Attractiveness Analysis by Region, 2021 to 2031
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 20: North America Market Incremental $ Opportunity, 2021 to 2031
Figure 21: North America Market Share Analysis by Country, 2021 & 2031
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 23: North America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 24: North America Market Share and BPS Analysis by Application, 2021 & 2031
Figure 25: North America Market Y-o-Y Growth Projections by Application, 2021 to 2031
Figure 26: North America Market Attractiveness Analysis by Application, 2021 to 2031
Figure 27: North America Market Share and BPS Analysis by Type, 2021 & 2031
Figure 28: North America Market Y-o-Y Growth Projections by Type, 2021 to 2031
Figure 29: North America Market Attractiveness Analysis by Type, 2021 to 2031
Figure 30: North America Market Share and BPS Analysis by End User, 2021 & 2031
Figure 31: North America Market Y-o-Y Growth Projections by End User, 2021 to 2031
Figure 32: North America Market Attractiveness Analysis by End User, 2021 to 2031
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 36: Latin America Market Incremental $ Opportunity, 2021 to 2031
Figure 37: Latin America Market Share Analysis by Country, 2021 & 2031
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 39: Latin America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 40: Latin America Market Share and BPS Analysis by Application, 2021 & 2031
Figure 41: Latin America Market Y-o-Y Growth Projections by Application, 2021 to 2031
Figure 42: Latin America Market Attractiveness Analysis by Application, 2021 to 2031
Figure 43: Latin America Market Share and BPS Analysis by Type, 2021 & 2031
Figure 44: Latin America Market Y-o-Y Growth Projections by Type, 2021 to 2031
Figure 45: Latin America Market Attractiveness Analysis by Type, 2021 to 2031
Figure 46: Latin America Market Share and BPS Analysis by End User, 2021 & 2031
Figure 47: Latin America Market Y-o-Y Growth Projections by End User, 2021 to 2031
Figure 48: Latin America Market Attractiveness Analysis by End User, 2021 to 2031
Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 52: Europe Market Incremental $ Opportunity, 2021 to 2031
Figure 53: Europe Market Share Analysis by Country, 2021 & 2031
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 55: Europe Market Attractiveness Analysis by Country, 2021 to 2031
Figure 56: Europe Market Share and BPS Analysis by Application, 2021 & 2031
Figure 57: Europe Market Y-o-Y Growth Projections by Application, 2021 to 2031
Figure 58: Europe Market Attractiveness Analysis by Application, 2021 to 2031
Figure 59: Europe Market Share and BPS Analysis by Type, 2021 & 2031
Figure 60: Europe Market Y-o-Y Growth Projections by Type, 2021 to 2031
Figure 61: Europe Market Attractiveness Analysis by Type, 2021 to 2031
Figure 62: Europe Market Share and BPS Analysis by End User, 2021 & 2031
Figure 63: Europe Market Y-o-Y Growth Projections by End User, 2021 to 2031
Figure 64: Europe Market Attractiveness Analysis by End User, 2021 to 2031
Figure 65: East Asia Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 68: East Asia Market Incremental $ Opportunity, 2021 to 2031
Figure 69: East Asia Market Share Analysis by Country, 2021 & 2031
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 71: East Asia Market Attractiveness Analysis by Country, 2021 to 2031
Figure 72: East Asia Market Share and BPS Analysis by Application, 2021 & 2031
Figure 73: East Asia Market Y-o-Y Growth Projections by Application, 2021 to 2031
Figure 74: East Asia Market Attractiveness Analysis by Application, 2021 to 2031
Figure 75: East Asia Market Share and BPS Analysis by Type, 2021 & 2031
Figure 76: East Asia Market Y-o-Y Growth Projections by Type, 2021 to 2031
Figure 77: East Asia Market Attractiveness Analysis by Type, 2021 to 2031
Figure 78: East Asia Market Share and BPS Analysis by End User, 2021 & 2031
Figure 79: East Asia Market Y-o-Y Growth Projections by End User, 2021 to 2031
Figure 80: East Asia Market Attractiveness Analysis by End User, 2021 to 2031
Figure 81: South Asia & Oceania Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 82: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2021 to 2031
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2021 & 2031
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2021 to 2031
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Application, 2021 & 2031
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Application, 2021 to 2031
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Application, 2021 to 2031
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Type, 2021 & 2031
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Type, 2021 to 2031
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Type, 2021 to 2031
Figure 94: South Asia & Oceania Market Share and BPS Analysis by End User, 2021 & 2031
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by End User, 2021 to 2031
Figure 96: South Asia & Oceania Market Attractiveness Analysis by End User, 2021 to 2031
Figure 97: MEA Market Value (US$ Mn) Historical Analysis, 2016 to 2020
Figure 98: MEA Market Value (US$ Mn) Forecast and Analysis, 2021 to 2031
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2016 to 2031
Figure 100: MEA Market Incremental $ Opportunity, 2021 to 2031
Figure 101: MEA Market Share Analysis by Country, 2021 & 2031
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2021 to 2031
Figure 103: MEA Market Attractiveness Analysis by Country, 2021 to 2031
Figure 104: MEA Market Share and BPS Analysis by Application, 2021 & 2031
Figure 105: MEA Market Y-o-Y Growth Projections by Application, 2021 to 2031
Figure 106: MEA Market Attractiveness Analysis by Application, 2021 to 2031
Figure 107: MEA Market Share and BPS Analysis by Type, 2021 & 2031
Figure 108: MEA Market Y-o-Y Growth Projections by Type, 2021 to 2031
Figure 109: MEA Market Attractiveness Analysis by Type, 2021 to 2031
Figure 110: MEA Market Share and BPS Analysis by End User, 2021 & 2031
Figure 111: MEA Market Y-o-Y Growth Projections by End User, 2021 to 2031
Figure 112: MEA Market Attractiveness Analysis by End User, 2021 to 2031
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How much is the global market for cloud music streaming currently valued at?
The global cloud music streaming market is currently worth more than US$ 10 Billion.
At what CAGR did the market expand over the past 5 years?
From 2016-2020, sales of cloud music streaming registered a CAGR of 8%.
What are key factors driving demand for cloud music streaming?
Increasing penetration of smartphones & tablets and rising integration of analytics in the music industry are factors majorly driving demand for cloud music streaming.
What is the market outlook for cloud music streaming in China?
Sales of cloud music streaming in China are forecasted to reach over US$ 8 Billion by 2031.
Who are the prominent market players operating in this space?
Key players operating in this space are Apple Inc., Amazon.com, Inc., Pandora Media, Inc., Spotify, and Google Inc.
Which region will largely contribute to the growth of cloud music streaming revenue?
With 40% market share, North America will largely contribute to the growth of cloud music streaming revenue.
What are the sales forecasts for cloud music streaming in Germany from 2021 to 2031?
Cloud music streaming sales in Germany are expected to rise at a CAGR of 8% over the forecast period of 2021 to 2031.
Which cloud music streaming segment dominates the global market?
Cloud music streaming for individual use accounts for a share of 50% in the market.
Which are the top 5 countries driving demand for cloud music streaming?
The U.S., China, U.K, Canada, and Japan are expected to drive most of the demand for cloud music streaming.
What is the expected growth rate of the market for cloud music streaming over the next 10 years?
The global market is anticipated to surge at a CAGR of 12% over the forecast period of 2021 to 2031.
Cloud Music Streaming Market