Asia-Pacific Online Music Streaming Market Booming Worldwide with Latest Trend and Future Scope by 2028

The Asia-Pacific online music streaming market is anticipated to grow at a considerable CAGR of 18.2% during the forecast period. The primary factor assisting the growth of the market in the region is increasing smartphone & internet penetration and rising disposable income. Further, the growth of the market can be attributed to the rising number of digital platforms and the growing adoption of smart devices. In 2020, various countries across the region announced lockdowns to contain the spread of the COVID-19 pandemic which further augmented the demand for online music streaming.

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Further, the rise in the number of streaming service providers has also assisted in attracting customers by providing promotional offers and free trials. These platforms offer users accurate song recommendation, playlist customization, and hassle-free accessibility on browsers as well as on propelling the market growth.

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  • Market Coverage
  • Market number available for – 2022-2028
  • Base year- 2021
  • Forecast period- 2022-2028
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Market Segmentation

Asia-Pacific Online Music Streaming Market by Service

  • On-demand Streaming
  • Live Streaming

Asia-Pacific Online Music Streaming Market by Content-Type

  • Audio Streaming
  • Video Streaming

Asia-Pacific Online Music Streaming Market by Platform

  • Browser
  • Application

Asia-Pacific Online Music Streaming Market by End-User

  • Residential
  • Commercial

Asia-Pacific Online Music Streaming Market by Revenue Model 

  • Subscription
  • Advertisement

Regional Analysis

  • China
  • Japan
  • India
  • Rest of Asia-Pacific

Company Profiles

  • com, Inc.
  • Apple, Inc.
  • Deezer SA
  • Gamma Ganaa Ltd.
  • Genie Music Co., Ltd
  • Google LLC
  • JOOX (Tencent Holdings Ltd.)
  • Melon (Kakao Co., Ltd.)
  • Saavn Media Pvt Ltd.
  • SoundCloud Ltd.
  • Spotify AB
  • Yandex NV

The Report Covers

  • Comprehensive research methodology of the Asia-Pacific online music streaming market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the Asia-Pacific online music streaming market.
  • Insights about market determinants that are stimulating the Asia-Pacific online music streaming market.
  • Detailed and extensive market segments with regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.

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