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 – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Asia-Pacific Online Music Streaming Market Report Segment
By Service
- On-Demand streaming
- Live Streaming
By Content-Type
- Audio Streaming
- Video Streaming
By Platform
- Browsers
- Applications
By End-User
- Residential
- Commercial
By Revenue Model
- Subscription
- Advertisement
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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