The Indian online music streaming market is anticipated to grow at a lucrative CAGR of 19.1% during the forecast period. The primary factor assisting the growth of the market include increasing smartphone, internet penetration, and rising disposable income in the country. Moreover, in March 2020, the country announced the largest lockdown globally to contain the spread of the COVID-19 pandemic, which indirectly increased the demand for online music streaming. Further, the rise in the number of streaming service providers has also assisted in attracting customers by providing promotional offers and free trials.
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The Indian 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 dry online music streaming. Application-based music streaming will offer significant growth during the forecast period. 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
Indian Online Music Streaming Market by Service
- On-demand Streaming
- Live Streaming
Indian Online Music Streaming Market by Content-Type
- Audio Streaming
- Video Streaming
Indian Online Music Streaming Market by Platform
- Browser
- Application
Indian Online Music Streaming Market by End-User
- Residential
- Commercial
Indian Online Music Streaming Market by Revenue Model
- Subscription
- Advertisement
Company Profiles
- Airtel Digital,Ltd.
- com, Inc.
- Apple, Inc.
- Gamma Ganaa, Ltd.
- Google, LLC.
- Hungama Digital Media Entertainment Pvt. Ltd.
- Saavn Media Pvt Ltd.
- SoundCloud Ltd.
- Spotify AB.
The Report Covers
- Comprehensive research methodology of the Indian 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 Indian online music streaming industry.
- Insights about market determinants that are stimulating the Indian 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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