The US online music streaming market is anticipated to grow at a lucrative CAGR of 17.0% during the forecast period. High smartphone penetration, high average time on the internet, and high expenses on the mobile application by the young population are some of the major factors for the significant market of the market in the country. Moreover, streaming service providers has also increased in the couple of years which is also augmenting the market growth in the country.
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The US 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. On-demand segment holds the major market share however a rise in live music streaming is also witnessed in the country. Based on the content type, the market is bifurcated into audio streaming and video streaming. Video streaming holds a large market chuck owing to the high revenue of Google-owned YouTube in music streaming in the US. Based on the platform the market is segmented into browsers and applications 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
- , and others
Market Segmentation
US Online Music Streaming Market by Service
- On-demand Streaming
- Live Streaming
US Online Music Streaming Market by Content-Type
- Audio Streaming
- Video Streaming
US Online Music Streaming Market by Platform
- Browser
- Application
US Online Music Streaming Market by End-User
- Residential
- Commercial
US Online Music Streaming Market by Revenue Model
- Subscription
- Advertisement
Company Profiles
- com, Inc.
- Apple, Inc.
- Deezer SA
- Google LLC
- iHeartMedia, Inc.
- Jango, Inc.
- LiveXLive, Corp.
- Pandora Media, Inc.
- SoundCloud Ltd.
- Spotify AB
- Tidal (Aspiro AB)
The Report Covers
- Comprehensive research methodology of the US 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 US online music streaming industry.
- Insights about market determinants that are stimulating the US 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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