"The Report Global Digital
Music Market with Focus on Live Streaming: Size, Trends and Forecasts
(2016-2020) provides information on pricing, market analysis, shares,
forecast, and company profiles for key industry participants. -
MarketResearchReports.biz"
Scope of the Report
The report entitled Global Digital
Music Market with Focus on Live Streaming: Size, Trends and Forecasts
(2016-2020) analyzes the global digital music market with detailed
analysis of market sizing and growth. It analyzes market by value and
market share by sources with focus on streaming music.
A detailed overview of streaming
music market is also discussed in the report. Streaming music market
analysis has been done on the basis of value, volume and market
segment. The report also provides an analysis of consumer behavior on
the basis of consumer preference, spending nature of consumer,
consumer interest in streaming services, consumer listening hours and
consumers respond towards top streaming music players.
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A brief regional analysis of the
US and Germany digital music market is also being done in the report.
The US is the largest market for digital music globally with the
highest revenue. Germany is the largest digital music market within
the European region and third largest in the world. The report
provides detailed description of the US and Germany on the basis of
value, volume and market share by segment.
The report also assesses the key
opportunities available and summarizes the driving forces that are
and will be accountable for growth of the industry. Growth of digital
music market has also been forecasted for the period 2016-2020,
taking into consideration previous growth outlines, growth drivers
and the existing and forthcoming trends.
Furthermore, the report portrayed
a competitive landscape of the digital music market with detailed
comparison of top market players. Apple music is the market leader
with highest revenue and number of paid subscribers in 2015.
A brief company profiling of major
market players namely Apple Inc., Spotify Limited, Deezer and Pandora
Media Inc. has provided in the report on the basis of aspects like
business overview, financial overview and business strategies adopted
by these companies.
Country Coverage
The US
Germany
Company Coverage
Apple Inc.
Spotify Limited
Deezer
Pandora Media Inc.
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Executive Summary
Music market has two major
segments: Physical and digital. Physical music market comprises of
music in the form of CD or vinyl whereas digital music market
composed of audio content that is distributed to the music lovers
through internet. Digital sector includes downloads as well as on
demand digital streaming. Digital streaming is either subscription
based or ad-supported which is free of charge. In ad-supported music,
advertiser is liable to pay for the music streaming on behalf of
customers. Current music marketplace offers a wide variety of digital
options like download, streaming, cloud, music videos and ringtones.
The global digital music market is
growing tremendously with astonishing growth rates over the past few
years and is anticipated to grow further over the forecasted period
(2016-2020). Major factors contributing in the growth of the market
are rising smartphone penetration globally specially in developing
economies, availability of cheap internet services, expansion of
streaming format, technological advancements, change in consumer
behavior and consumer desire to access latest music etc.
In the forecasted period, market
will be pushed by increasing number of on- demand consumers,
collaboration between music providers with social media platform,
rising number of catalog software and blending of streaming music
with wearable technology. In spite of high growth, market is still
facing certain challenges that are hampering the growth of the
market. Challenges encountered by the market are lack of unique
services, rampant piracy, legal complexity and intense competition.
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