North America Music Streaming Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Content Type (Audio Streaming, Video Streaming), Streaming Type (Live Streaming, On-demand Streaming), End User (Commercial, Individual), and Country
Market Introduction
The scope of the digital music streaming websites is taking over the musical scenario. Owing to the availability of cloud technology, regional music offerings, increased smartphone adoption, advanced streaming applications, and lesser cost of data are some of the major aspects transforming the entire landscape of music streaming. Spotify, Tidal, Apple Music, iHeartRadio, Deezer, Amazon Music Unlimited, and YouTube Music are some of the prominent online music streaming services prevailing in the market. The application of music platforms is majorly adopted within the age group up of 18to 30years, as the individuals of this group are willing to invest high value on music streaming. Targeting new demographics would potentially raise service subscriptions and revenue of the providers. Factors such as demand for multiple digital music platforms and rising number of music subscribers will drive the growth of music streaming market.
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Market Overview and Dynamics
The music streaming market in North America is expected to grow from US$ 10.05billion in 2019 to US$ 17.19 billion by 2027; it is estimated to grow at a CAGR of 6.7% from 2020 to 2027.As the digital music streaming platforms and websites are changing the musical scenario, music streaming is becoming popular in North America. The digital music market is accelerating as the consumers are attracted toward purchasing different contents which they can access for free. Due to increasing disposable income, the consumers are purchasing digital content. Spotify, Google, Pandora, SoundCloud, iHeartRadio, and Apple Music are some of the prominent digital music platform providers. The individuals are taking advantage of music streaming platforms provided by respective service providers for their enjoyment. Additionally, the availability of free-trial and paid subscriptions is playing a significant role in boosting the application of digital music platforms.
Key Market Segments
In terms of content type, theaudio streamingsegment accounted for the largest share of the North America Music Streaming marketin 2019. In terms of streaming type, the on demand streamingsegment held a larger market share of themusic streaming marketin 2019. Further, in terms of end user, the individualsegment held a larger share of the market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred while preparing this report on the Music Streaming marketin North Americaare company websites, annual reports, financial reports, national government documents, statistical database, and among others. Major companies listed in the report areAmazon.com, Inc., iHeartMedia Inc., Apple, Inc., Spotify Technology S.A., andamong others.
Reasons to buy report
- To understand the North America music streaming marketlandscape and identifymarket segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America music streamingmarket
- Efficiently plan M&A and partnership dealsin North America music streamingmarketby identifying market segments with the most promising probable sales
- Helps to takeknowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America music streaming market
- Obtain market revenue forecast for market by various segments from 2020 to 2027 inNorth Americaregion
NORTH AMERICA MUSIC STREAMING MARKET SEGMENTATION
By Content Type
- Audio Streaming
- Video Streaming
By Streaming Type
- Live Streaming
- On-Demand Streaming
By EndUser
- Commercial
- Individual
By Country
- US
- Canada
- Mexico
Company Profiles
- Amazon.com, Inc.
- Apple, Inc.
- Deezer
- Google LLC
- iHeartMedia Inc.
- Pandora Media, LLC
- SoundCloud
- Spotify Technology S.A
- Tidal
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Music Streaming Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
5. Music Streaming Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rising Demand for Digital Music Streaming Websites
5.1.2 Growing Music Subscribers Supporting the Growth of the Market
5.2 Key Market Restraints
5.2.1 Accessibility of Free Digital Music Platforms
5.3 Key Market Opportunities
5.3.1 Rise in On-Demand Streaming
5.4 Future Trends
5.4.1 Growing Penetration of Online Music Streaming
5.5 Impact Analysis of Drivers and Restraints
6. Music Streaming Market– North America Analysis
6.1 North America Music Streaming Market Overview
6.1.1 North America: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
6.2 Market Positioning – Five Key Players
7. Music Streaming Market Analysis – By Content Type
7.1 Overview
7.1.1 Music Streaming Market Breakdown, by Content Type, 2019 & 2027
7.2 Audio Streaming
7.2.1 Overview
7.2.2 Audio Streaming Market Revenue and Forecast to 2027 (US$ Million)
7.3 Video Streaming
7.3.1 Overview
7.3.2 Video Streaming Market Revenue and Forecast to 2027 (US$ Million)
8. Music Streaming Market Analysis – By Streaming Type
8.1 Overview
8.2 Music Streaming Market Breakdown, by Streaming Type, 2019 & 2027
8.3 Live Streaming
8.3.1 Overview
8.3.2 Live Streaming Market Revenue and Forecast to 2027 (US$ Million)
8.4 On-Demand Streaming
8.4.1 Overview
8.4.2 On-demand Streaming Market Revenue and Forecast to 2027 (US$ Million)
9. Music Streaming Market Analysis – By End User
9.1 Overview
9.2 Music Streaming Market Breakdown, by Streaming Type, 2019 & 2027
9.3 Commercial
9.3.1 Overview
9.3.2 Commercial Market Revenue and Forecast to 2027 (US$ Million)
9.4 Individual
9.4.1 Overview
9.4.2 Individual Market Revenue and Forecast to 2027 (US$ Million)
10. Music Streaming Market Revenue and Forecast to 2027 – Country Analysis
10.1 Overview
10.1.1 US: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1 US: Music Streaming Market, by Content Type
10.1.1.2 US: Music Streaming Market, by Streaming Type
10.1.1.3 US: Music Streaming Market, by End User
10.1.2 Canada: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.1.2.1 Canada: Music Streaming Market, by Content Type
10.1.2.2 Canada: Music Streaming Market, by Streaming Type
10.1.2.3 Canada: Music Streaming Market, by End User
10.1.3 Mexico: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.1.3.1 Mexico: Music Streaming Market, by Content Type
10.1.3.2 Mexico: Music Streaming Market, by Streaming Type
10.1.3.3 Mexico: Music Streaming Market, by End User
11. Music Streaming Market - COVID-19 Impact Analysis
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Market Initiative
13. Company Profiles
13.1 Amazon.com, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Google LLC
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Deezer
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 iHeartMedia Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Apple, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 SoundCloud
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Spotify Technology S.A.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Tidal
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Pandora Media, LLC
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. US: Music Streaming Market, by Content Type –Revenue and Forecast to 2027 (US$ Million)
Table 3. US: Music Streaming Market, by Streaming Type –Revenue and Forecast to 2027 (US$ Million)
Table 4. US: Music Streaming Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 5. Canada: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada: Music Streaming Market, by Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada: Music Streaming Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 8. Mexico: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. Mexico: Music Streaming Market, by Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 10. Mexico: Music Streaming Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. Music Streaming Market Segmentation
Figure 2. North America Music Streaming Market Overview
Figure 3. Audio Streaming Segment Held the Largest Share During Forecast Period
Figure 4. On-demand Streaming Segment Dominated the Market
Figure 5. Individual Segment to Show Great Traction During Forecast Period
Figure 6. North America
Figure 7. Ecosystem Analysis
Figure 8. Music Streaming Market: Impact Analysis of Drivers and Restraints
Figure 9. North America: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 10. Music Streaming Market Breakdown, by Content Type (2019 and 2027)
Figure 11. Audio Streaming Market Revenue and Forecast to 2027 (US$ Million)
Figure 12. Video Streaming Market Revenue and Forecast to 2027 (US$ Million)
Figure 13. Music Streaming Market Breakdown, by End-user (2019 and 2027)
Figure 14. Live Streaming Market Revenue and Forecast to 2027(US$ Million)
Figure 15. On-demand Streaming Market Revenue and Forecast to 2027(US$ Million)
Figure 16. Music Streaming Market Breakdown, by End-user (2019 and 2027)
Figure 17. Commercial Market Revenue and Forecast to 2027(US$ Million)
Figure 18. Individual Market Revenue and Forecast to 2027(US$ Million)
Figure 19. North America: Music Streaming Market Revenue Share, By Country (2019 and 2027)
Figure 20. US: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Canada: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Mexico: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Impact of COVID-19 Pandemic in North American Country
The List of Companies - North America Music Streaming Market
- Amazon.com, Inc.
- Apple, Inc.
- Deezer
- Google LLC
- iHeartMedia Inc.
- Pandora Media, LLC
- SoundCloud
- Spotify Technology S.A
- Tidal
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