Summary

Global Online Music Streaming

Summary

Global Online Music Streaming industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

- The online music streaming market includes the revenue generated from the streaming of music online. This revenue is primarily generated from two sources: subscription services and ad-supported streams. Subscription service charges are generally paid monthly or annually by users who want to access exclusive content or avoid ads while listening. Ad-supported streams, on the other hand, are free to use but display ads during the streaming experience.
- The global online music streaming market recorded revenues of $26,089.6 million in 2024, representing a compound annual growth rate (CAGR) of 13.0% between 2019 and 2024.
- The subscription services segment accounted for the market's largest proportion in 2024, with total revenues of $17,270.5 million, equivalent to 66.2% of the market's overall value.
- In 2024, the global online music streaming market experienced an annual growth of 7.1%. The market’s strong growth is driven by the increased number of internet users. According to the World Bank, in 2024, the internet users in the UK reached 65.2 million, up 0.6% from 2023.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the online music streaming market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global online music streaming market
- Leading company profiles reveal details of key online music streaming market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Global online music streaming market with five year forecasts by both value and volume

Reasons to Buy

- What was the size of the Global online music streaming market by value in 2024?
- What will be the size of the Global online music streaming market in 2029?
- What factors are affecting the strength of competition in the Global online music streaming market?
- How has the market performed over the last five years?
- Who are the top competitors in the global's online music streaming market?

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Table of Contents

Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the recent developments in the market?
8 Company Profiles
8.1. Spotify AB
8.2. YouTube LLC
8.3. Apple Inc
8.4. Amazon.com Inc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

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List of Tables/Graphs

List of Tables
Table 1: Global online music streaming market value: $ million, 2019-24
Table 2: Global online music streaming market category segmentation: % share, by value, 2019-24
Table 3: Global online music streaming market category segmentation: $ million, 2019-24
Table 4: Global online music streaming market geography segmentation: $ million, 2024
Table 5: Global online music streaming market value forecast: $ million, 2024-29
Table 6: Spotify AB: Key Facts
Table 7: Spotify AB: Key Employees
Table 8: YouTube LLC: Key Facts
Table 9: YouTube LLC: Key Employees
Table 10: Apple Inc: Key Facts
Table 11: Apple Inc: Annual Financial Ratios
Table 12: Apple Inc: Key Employees
Table 13: Amazon.com Inc: Key Facts
Table 14: Amazon.com Inc: Annual Financial Ratios
Table 15: Amazon.com Inc: Key Employees
Table 16: Global Exchange Rate, 2019-24