TheÊdigital musicÊcontent market is undergoing a gradual replacement of digital music records and CDs by several alternatives such as portable storage devices likeÊiPods,Êmultimedia players, andÊcloud-storageÊservices.
Scope of the Report:This report studies the Digital Music Content market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Digital Music Content market by product type and applications/end industries.
People prefer listening toÊmusicÊthroughÊcloud musicÊthat allows them to store, stream, download, and share the content. Cloud computing has become a crucial component in the market as it offers legal access toÊonline music, even from the remote servers. Services likeÊiTunes MatchÊhave gained huge popularity in the market and have accelerated the frequency ofÊmusic downloads. In addition, the market is also gaining tremendous support from the social networking sites such as Facebook andÊYouTube,Êwhich help artists to create content that their fans demand and help in more active participation from the audience side. Such developments will positively impact the growth of this market during the forecast period.
EMEA will be the fastest-growing region in the digital music content market. European countries such as the UK, Germany, and Sweden are the major revenue-contributing nations in the region. The primary reason for this regionÕs growth will be the strong music development in Africa. AfricaÕs digital music content and downloading scenario are witnessing high competition from domestic players like iROKING, Spinlet, and Simfy which are trying to establish themselves in the global market, will further accelerate growth in the overall region during the forecast period.
The global Digital Music Content market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Digital Music Content.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers Apple
Deezer
Google
iHeartMedia
Pandora
Spotify
CBS
Clear Channel Radio
Gaana.com
Grooveshark
Guvera
Hungama MyPlay
JB Hi-Fi Pty
Line
Mixcloud
News
RadioTime
Rara
Rhapsody
Saavn
SoundCloud
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Permanent downloads
Music streaming
Market Segment by Applications, can be divided into Below 18 years
18-40 years
41-60 years
Above 60 years
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
