Stratview Research has published a new report titled “Music Streaming Market” which is segmented By Platform (Apps, Browsers), By Content Type (Audio, Video), By End-Use (Individual, Commercial) and by Region Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]). As per the study, the market was estimated to grow from USD 29.2 billion in 2021 to USD 78.56 billion by 2028 at a CAGR of over 15.15% during the forecast period.

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Report Highlights

This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.

The market is bifurcated into various segments. Below given is the segment-wise analysis -

Based on the platform type- The market has been classified into app browsers. Under these, the app segment held a significant market share of more than 84.7% in 2021.

Based on the content type - The market has been classified into audio and video. Under these, the audio segment held a significant market share of more than 59.0% in 2021. Increasing preference of users for multi-tasking, especially listening to songs while commuting to exercising, work, or doing household chores.

Based on the end-use type - The market has been classified into individual commercial. Under these, the individual segment held a significant market share of more than 60.5% in 2021.

Which Region is expected to remain the largest market?

The North American market held the highest share of more than 29.0% in 2021 and is projected to grow at a healthy CAGR in the coming years. This is ascribed to large presence of domestic players, fixed broadband speeds coverage, growing penetration of connected devices, and improved digital payment infrastructure, further bolsters the regional market growth during the review period.

Who are the Key Players in the Market?

This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Music Streaming Market:

• Apple Inc. (Apple Music) (US),
• Aspiro AB (Tidel) (Sweden),
• Gamma Gaana Limited (India),
• Google LLC (YouTube Music) (US),
• Idagio (Germany),
• iHeartMedia, Inc. (iHeartRadio) (US),
• LiveXLive (US),
• Microsoft Corporation (US)

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