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Global Cloud Music Service Market Size study & Forecast, by Type (Subscription, Mobile, Download, Others), by Application (Commercial, Entertainment, Others) and Regional Analysis, 2023-2030

February 2024 | 200 pages | ID: GA91F9CF6F9AEN
Bizwit Research & Consulting LLP

US$ 4,950.00

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Global Cloud Music Service Market is valued at approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% during the forecast period 2023-2030. Cloud Music Service refers to a platform or service that allows users to store, manage, and access their music libraries through the cloud. Instead of storing music files locally on a device, users can upload their music collection to a remote server or cloud storage infrastructure. Once uploaded, users can stream their music from any internet-connected device, such as smartphones, tablets, computers, or smart speakers. The Cloud Music Service Market is expanding because of factors such as the increasing deployment of cloud services and the rising number of Smartphone users. As a result, the demand for Cloud Music Services has progressively increased in the international market during the forecast period 2023-2030.

Cloud deployment allows cloud music services to scale resources dynamically based on demand. This is crucial for handling varying levels of user activity, especially during peak times or with growing user bases. According to Statista, the global market for public cloud computing is on a sustained growth trajectory and is anticipated to achieve a projected valuation of approximately USD 679 billion by the year 2024. Another important factor that drives the Cloud Music Service Market due to increasing number of smartphone users. The proliferation of smartphones ensures that a larger audience can easily access Cloud Music Services anytime and from anywhere with an internet connection. This increased accessibility contributes to the growing popularity of these services. In addition, as per Statista, the global smartphone user base is anticipated to experience a consistent growth trend from 2024 to 2028, with a projected annual increase of 10.71%. This trajectory is expected to culminate in an estimated 5.1 billion users worldwide by the year 2028. Moreover, the rising trend of personalized music libraries and the increasing proliferation of high-speed internet connectivity are anticipated to create lucrative growth opportunities for the market over the forecast period. However, growing concerns related to bandwidth and the fast streaming and subscription-based pricing are going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Cloud Music Service Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the surge in demand for streaming services and widespread accessibility of high-speed internet connections in the region. Faster internet speeds contribute to smoother streaming experiences with minimal buffering. This improves user satisfaction and encourages more people to adopt cloud-based music services over traditional, locally stored music. The region’s dominant performance is anticipated to propel the overall demand for Cloud Music Services. Furthermore, Europe is expected to grow fastest over the forecast period, owing to factors such as increasing demand for digital music streaming services, as well as the growing popularity of mobile devices in the region. Cloud Music Services integrate seamlessly with mobile ecosystems, creating a cohesive user experience. Integration with mobile operating systems, voice assistants, and other mobile features enhances accessibility and ease of use.

Major market player included in this report are:

Apple Inc

Google LLC

Saavn Media Pvt Ltd

Spotify AB

Amazon.com Inc

Times Internet

Pandora Media Inc

ASPIRO AB

NetEase Inc

Deezer SA

Recent Developments in the Market:

In November 2022, Deezer music streaming service, and DAZN, the live sports streaming and entertainment platform, have partnered together to provide high-quality music streaming libraries for DAZN subscribers apart from football and other premium sports content. This collaboration integrates music and sports altogether, and allow access to their favourite tunes, albums, and playlists on Deezer. Subscribers are going to enjoy the cutting-edge and user-friendly music streaming features such as SongCatcher, Lyrics with translation, and the Flow algorithm. This system also provides recommendations based on users' favourite music based on their choices.

Global Cloud Music Service Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Type, Application, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type

Subscription

Mobile

Download

Others

By Application

Commercial

Entertainment

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Cloud Music Service Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Cloud Music Service Market, by Type, 2020-2030 (USD Billion)
  1.2.3. Cloud Music Service Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL CLOUD MUSIC SERVICE MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL CLOUD MUSIC SERVICE MARKET DYNAMICS

3.1. Cloud Music Service Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing deployment of cloud services
    3.1.1.2. Rising number of Smartphone users
  3.1.2. Market Challenges
    3.1.2.1. Growing concerns related to bandwidth and the fast streaming
    3.1.2.2. Subscription based pricing
  3.1.3. Market Opportunities
    3.1.3.1. Rising trend of personalized music libraries
    3.1.3.2. Increasing proliferation of high-speed internet connectivity

CHAPTER 4. GLOBAL CLOUD MUSIC SERVICE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL CLOUD MUSIC SERVICE MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Cloud Music Service Market by Type, Performance - Potential Analysis
5.3. Global Cloud Music Service Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Cloud Music Service Market, Sub Segment Analysis
  5.4.1. Subscription
  5.4.2. Mobile
  5.4.3. Download
  5.4.4. Others

CHAPTER 6. GLOBAL CLOUD MUSIC SERVICE MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global Cloud Music Service Market by Application, Performance - Potential Analysis
6.3. Global Cloud Music Service Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Cloud Music Service Market, Sub Segment Analysis
  6.4.1. Commercial
  6.4.2. Entertainment
  6.4.3. Others

CHAPTER 7. GLOBAL CLOUD MUSIC SERVICE MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Cloud Music Service Market, Regional Market Snapshot
7.4. North America Cloud Music Service Market
  7.4.1. U.S. Cloud Music Service Market
    7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Cloud Music Service Market
7.5. Europe Cloud Music Service Market Snapshot
  7.5.1. U.K. Cloud Music Service Market
  7.5.2. Germany Cloud Music Service Market
  7.5.3. France Cloud Music Service Market
  7.5.4. Spain Cloud Music Service Market
  7.5.5. Italy Cloud Music Service Market
  7.5.6. Rest of Europe Cloud Music Service Market
7.6. Asia-Pacific Cloud Music Service Market Snapshot
  7.6.1. China Cloud Music Service Market
  7.6.2. India Cloud Music Service Market
  7.6.3. Japan Cloud Music Service Market
  7.6.4. Australia Cloud Music Service Market
  7.6.5. South Korea Cloud Music Service Market
  7.6.6. Rest of Asia Pacific Cloud Music Service Market
7.7. Latin America Cloud Music Service Market Snapshot
  7.7.1. Brazil Cloud Music Service Market
  7.7.2. Mexico Cloud Music Service Market
7.8. Middle East & Africa Cloud Music Service Market
  7.8.1. Saudi Arabia Cloud Music Service Market
  7.8.2. South Africa Cloud Music Service Market
  7.8.3. Rest of Middle East & Africa Cloud Music Service Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Apple Inc
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. Google LLC
  8.3.3. Saavn Media Pvt Ltd
  8.3.4. Spotify AB
  8.3.5. Amazon.com Inc
  8.3.6. Times Internet
  8.3.7. Pandora Media Inc
  8.3.8. ASPIRO AB
  8.3.9. NetEase Inc
  8.3.10. Deezer SA

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Cloud Music Service Market, report scope
TABLE 2. Global Cloud Music Service Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Cloud Music Service Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Cloud Music Service Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Cloud Music Service Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Cloud Music Service Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Cloud Music Service Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Cloud Music Service Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Cloud Music Service Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Cloud Music Service Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Cloud Music Service Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Cloud Music Service Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Cloud Music Service Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Cloud Music Service Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Cloud Music Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Cloud Music Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Cloud Music Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Cloud Music Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Cloud Music Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Cloud Music Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Cloud Music Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Cloud Music Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Cloud Music Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Cloud Music Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Cloud Music Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Cloud Music Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Cloud Music Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Cloud Music Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Cloud Music Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Cloud Music Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Cloud Music Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Cloud Music Service Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Cloud Music Service Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Cloud Music Service Market
TABLE 70. List of primary sources, used in the study of global Cloud Music Service Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Cloud Music Service Market, research methodology
FIG 2. Global Cloud Music Service Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Cloud Music Service Market, key trends 2022
FIG 5. Global Cloud Music Service Market, growth prospects 2023-2030
FIG 6. Global Cloud Music Service Market, porters 5 force model
FIG 7. Global Cloud Music Service Market, pest analysis
FIG 8. Global Cloud Music Service Market, value chain analysis
FIG 9. Global Cloud Music Service Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Cloud Music Service Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Cloud Music Service Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Cloud Music Service Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Cloud Music Service Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Cloud Music Service Market, regional snapshot 2020 & 2030
FIG 15. North America Cloud Music Service Market 2020 & 2030 (USD Billion)
FIG 16. Europe Cloud Music Service Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Cloud Music Service Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Cloud Music Service Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Cloud Music Service Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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