The European online music streaming market is anticipated to grow at a considerable CAGR of 16.6% during the forecast period. High digitization and high disposable income is one of the primary growth driving factors in the region. Besides, the rise in the number of streaming service providers has also assisted in attracting customers by providing promotional offers and free trials. Further, the lockdown in countries owing to the COVID-19 and the large array of albums, songs, and podcasts provided by platforms also raised the demand for online music streaming in the global market.
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The European online music streaming market is segmented based on service, content type, platform, end-user, and revenue model. Based on the service, the market is sub-segmented into on-demand online music streaming and live online music streaming. Based on the content type, the market is bifurcated into audio streaming and video streaming. Based on the platform the market is segmented into browsers and applications for online music streaming. The application-based market is expected to witness considerable growth in the region. Further, based on end-users the market is segmented into residential and commercial.
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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
European Online Music Streaming Market by Service
- On-demand streaming
- Live Streaming
European Online Music Streaming Market by Content-Type
- Audio Streaming
- Video Streaming
European Online Music Streaming Market by Platform
- Browser
- Application
European Online Music Streaming Market by End-User
- Residential
- Commercial
Europe Online Music Streaming Market by Revenue Model
- Subscription
- Advertisement
Regional Analysis
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Company Profiles
- -Amazon.com, Inc.
- Apple, Inc.
- Deezer SA
- Google LLC
- Musixmatch
- Qobuz
- SoundCloud Ltd.
- Tidal (Aspiro AB)
- Yandex NV
- Xandrie SA
The Report Covers
- Comprehensive research methodology of the European 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 European online music streaming industry.
- Insights about market determinants that are stimulating the European 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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