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Online Music Streaming Market Report by Service (On-demand Streaming, Live Streaming), Revenue Model (Subscription, Non-Subscription), Platform (App, Browser), Content Type (Audio, Video), End User (Individual, Commercial), and Region 2024-2032

April 2024 | 138 pages | ID: O13E2DBE757AEN
IMARC Group

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The global online music streaming market size reached US$ 19.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 40.6 Billion by 2032, exhibiting a growth rate (CAGR) of 8.18% during 2024-2032.

Online music streaming applications enable users to listen to songs in real-time using an internet connection. These applications offer an on-demand service wherein audio media files are prearranged in sequential packets of data and transmitted to smartphones, tablets, TVs and computers without saving them to the hard drive. Presently, several companies are introducing smart devices, such as Amazon’s Alexa and Google Cast, to stream music online with hands-free control and instant playback features. With the escalating demand for these smart devices, on account of rapid urbanization, inflating disposable incomes and the emergence of smart homes, the demand for online music streaming applications is escalating worldwide.

Online Music Streaming Market Trends:
The growing dependency on smartphones, increasing penetration of the internet and the thriving media and entertainment industry are among the key factors stimulating the growth of the online music streaming market worldwide. Moreover, easy access to music on multiple devices, along with the rising trend of on-demand songs, are driving the market growth. Apart from this, the integration of online music streaming applications with social media platforms allows users to create and share collaborative playlists with acquaintances. They also offer young artists a platform to upload and promote their tracks and reach a wider audience. Furthermore, digital service providers (DSPs) are launching applications with a user-friendly interface and a huge library of music and podcasts. These providers are also offering attractive premium plans, such as family packs or free subscription for a few months, which, in turn, is anticipated to bolster the market growth in the coming years.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global online music streaming market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on service, revenue model, platform, content type and end user.

Breakup by Service:

On-demand Streaming
Live Streaming

Breakup by Revenue Model:

Subscription
Non-Subscription

Breakup by Platform:

App
Browser

Breakup by Content Type:

Audio
Video

Breakup by End User:

Individual
Commercial

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon.com Inc, ANGHAMI, Apple Inc., Gamma Gaana Ltd. (The Times Group), iHeartMedia Inc., Musixmatch, Saavn Media Pvt Ltd., SoundCloud Ltd., Spotify AB and Tencent Music Entertainment Group.

Key Questions Answered in This Report

1. What was the size of the global online music streaming market in 2023?
2. What is the expected growth rate of the global online music streaming market during 2024-2032?
3. What are the key factors driving the global online music streaming market?
4. What has been the impact of COVID-19 on the global online music streaming market?
5. What is the breakup of the global online music streaming market based on the revenue model?
6. What is the breakup of the global online music streaming market based on the platform?
7. What is the breakup of the global online music streaming market based on content type?
8. What is the breakup of the global online music streaming market based on the end user?
9. What are the key regions in the global online music streaming market?
10. Who are the key players/companies in the global online music streaming market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL ONLINE MUSIC STREAMING MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY SERVICE

6.1 On-demand Streaming
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Live Streaming
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY REVENUE MODEL

7.1 Subscription
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Non-Subscription
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY PLATFORM

8.1 App
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Browser
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY CONTENT TYPE

9.1 Audio
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Video
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY END USER

10.1 Individual
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Commercial
  10.2.1 Market Trends
  10.2.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia-Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 Amazon.com Inc
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
    16.3.1.3 Financials
    16.3.1.4 SWOT Analysis
  16.3.2 ANGHAMI
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
  16.3.3 Apple Inc.
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
    16.3.3.3 Financials
    16.3.3.4 SWOT Analysis
  16.3.4 Gamma Gaana Ltd. (The Times Group)
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
  16.3.5 iHeartMedia Inc.
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
    16.3.5.3 Financials
    16.3.5.4 SWOT Analysis
  16.3.6 Musixmatch
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
  16.3.7 Saavn Media Pvt Ltd.
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
  16.3.8 SoundCloud Ltd.
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
  16.3.9 Spotify AB
    16.3.9.1 Company Overview
    16.3.9.2 Product Portfolio
    16.3.9.3 Financials
  16.3.10 Tencent Music Entertainment Group
    16.3.10.1 Company Overview
    16.3.10.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Online Music Streaming Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Online Music Streaming Market Forecast: Breakup by Service (in Million US$), 2024-2032
Table 3: Global: Online Music Streaming Market Forecast: Breakup by Revenue Model (in Million US$), 2024-2032
Table 4: Global: Online Music Streaming Market Forecast: Breakup by Platform (in Million US$), 2024-2032
Table 5: Global: Online Music Streaming Market Forecast: Breakup by Content Type (in Million US$), 2024-2032
Table 6: Global: Online Music Streaming Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 7: Global: Online Music Streaming Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Online Music Streaming Market: Competitive Structure
Table 9: Global: Online Music Streaming Market: Key Players

LIST OF FIGURES

Figure 1: Global: Online Music Streaming Market: Major Drivers and Challenges
Figure 2: Global: Online Music Streaming Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Online Music Streaming Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Online Music Streaming Market: Breakup by Service (in %), 2023
Figure 5: Global: Online Music Streaming Market: Breakup by Revenue Model (in %), 2023
Figure 6: Global: Online Music Streaming Market: Breakup by Platform (in %), 2023
Figure 7: Global: Online Music Streaming Market: Breakup by Content Type (in %), 2023
Figure 8: Global: Online Music Streaming Market: Breakup by End User (in %), 2023
Figure 9: Global: Online Music Streaming Market: Breakup by Region (in %), 2023
Figure 10: Global: Online Music Streaming (On-demand Streaming) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Online Music Streaming (On-demand Streaming) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Online Music Streaming (Live Streaming) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Online Music Streaming (Live Streaming) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Online Music Streaming (Subscription) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Online Music Streaming (Subscription) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Online Music Streaming (Non-subscription) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Online Music Streaming (Non-subscription) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Online Music Streaming (App) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Online Music Streaming (App) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Online Music Streaming (Browser) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Online Music Streaming (Browser) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Online Music Streaming (Audio) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Online Music Streaming (Audio) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Online Music Streaming (Video) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Online Music Streaming (Video) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Online Music Streaming (Individual) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Online Music Streaming (Individual) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Online Music Streaming (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Online Music Streaming (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: North America: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: North America: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: United States: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: United States: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Canada: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Canada: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Asia-Pacific: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Asia-Pacific: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: China: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: China: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Japan: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Japan: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: India: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: India: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: South Korea: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: South Korea: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Australia: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Australia: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Indonesia: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Indonesia: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Others: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Others: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Europe: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Europe: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Germany: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Germany: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: France: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: France: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: United Kingdom: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: United Kingdom: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Italy: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Italy: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Spain: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Spain: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Russia: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Russia: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Others: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Others: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Latin America: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Latin America: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Brazil: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Brazil: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Mexico: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Mexico: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Others: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Others: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Middle East and Africa: Online Music Streaming Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Middle East and Africa: Online Music Streaming Market: Breakup by Country (in %), 2023
Figure 78: Middle East and Africa: Online Music Streaming Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Global: Online Music Streaming Industry: SWOT Analysis
Figure 80: Global: Online Music Streaming Industry: Value Chain Analysis
Figure 81: Global: Online Music Streaming Industry: Porter's Five Forces Analysis


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