Cloud Music Streaming Market Analysed & Forecast by GIA in Its In-Demand Research Report Available at MarketPublishers.com12 Sep 2017 • by Natalie Aster
LONDON – The world’s cloud music streaming market is forecast to increase at a robust pace over 2017-2024 to touch the value of USD 17 billion. The key market growth driving forces increasing penetration of smartphones worldwide, elevating demand for various entertainment services, increasing interest towards subscription-based music streaming services, enhancing popularity of cloud music streaming of wearable devices and also escalating demand for in-car music streaming.
At present, the US ranks the top market for cloud music streaming. Meantime, APAC is the most rapidly growing regional market for cloud music streaming, that is anticipated to grow at an exponential CAGR of 31.5% through 2024 propelled by ongoing developments in the regional telecom infrastructure, increasing appetite for digital forms, digitalizing lifestyles of the middle class population and enhancing awareness of cloud technologies in the region.
In-demand research report “Cloud Music Streaming: Market Research Report” prepared by Global Industry Analysts, Inc. (GIA) offers an in-depth analysis of the global market for cloud music streaming and provides access to updated relevant information on the market performance (historical and current) across various regions. Besides, this study discloses data on the market volume and value, shares and growth rates; reviews the key factors restraining and driving growth in the cloud music streaming market as well as points out the major growth challenges and opportunities. Moreover, this report describes the competitive environment, gives comprehensive profiles of 29 market players and also presents an all-round future outlook for the market through 2020.
For a full list of the publisher’s research studies follow GIA page at MarketPublishers.com.