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Music Streaming Market 2019Description: -
The music industry is witnessing major changes and is growing by the day. There are new musicians and new kinds of art being created and people are using music as a means to de-stress themselves and also as a therapy. Thanks to the internet, the latest music is available instantly to listeners. The music streaming industry allows streaming of full-length copyrighted music via the internet to smart devices like tablets, phones, MP3 players and computers. The listeners can enjoy the music without having to buy the album or download any file.
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Key Players
Apple
Deezer
iHeartMedia
Pandora Media
Spotify
Guvera
Microsoft
Slacker
Saavn
This mode of listening to music is considered cost-effective and quick by customers. The flexibility that these music streaming companies offer is one major reason why this market will see considerable growth in the future. People are also increasingly syncing their music apps with their social media pages and sharing information about their favorite music with friends and family. This will also help the global music streaming market grow. Innovations in the technological industry and the wide usage of the internet are both positive factors too.
This report analyzes the global music streaming market at various levels and gets important data needed for stakeholders to take important decisions. The analysts who work on this report consider innumerable primary and secondary research data to base their conclusions on. Key players in the industry are slowly converting their free users into premium users and the revenue of this industry is slowly growing. This report forecasts the growth of this market between the years 2017 and 2023.
Market Segmentation
There are two basic types of products that these music streaming companies sell to customers – free music streaming and paid music streaming. The free versions may allow users to listen to only limited numbers of songs in a month or have ads playing in between. Paid versions are also called premium versions and offer the best features. This report studies the current and projected growth of both these types. There are also two segregations done by the report based on the applications or end users. This report lists the growth opportunities and the demand that both individual customers and commercial users will have.
Regional Analysis
Regions like North America, Europe, South America, Asia-Pacific and the Middle East and Africa are considered for discussion in this report. The report talks about which regions will show the most promising growth in the forecasted periods and which regions will have an increased volume and value of the products/services of the music streaming industry. North America and Europe will be significant players and the USA will be a major player in the forecasted period. Countries in Asia-Pacific like China and India will show promising and quick growth in the years to come.
Industry News
Spotify is a music streaming application popular globally. This company has entered the Indian markets in February 2019 and it now offers a premium family plan for just INR 179 a month.
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Some Major key Points Included In This Report :
• Music Streaming Market Overview
• Manufacturers Profiles
• Global Music Streaming Market Competition, by Players
• Global Music Streaming Market Size by Regions
• North America Music Streaming Revenue by Countries
• Europe Music Streaming Revenue by Countries
• Asia-Pacific Music Streaming Revenue by Countries
Continued….
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