A glance at the market of music streaming (2020-2025)

music streaming
Market Research
0
0

Music Streaming is an online service for broadcasting music, audio files and podcasts that has gained attention in recent years with the penetration of the Internet and the increasing number of smartphones. During the quarantine and the Corona pandemic, the entertainment market has been very hot, and music broadcating services also have witnessed an increase in the number of their users. Personalization of playlists and song recommendations is one of the capabilities of these online platforms, which with the development of artificial intelligence and big data, in addition to newer features, seem to provide more accurate suggestions and more personalized playlists to users.

Market / Industry segment of music streaming

Base YearMarket size(B$)Duration(YEAR)CAGR(%)Source Name
202024.42717.80%Prnewswire
202024.42817.80%Yahoofinance
202024.42917.80%Virtualstrategy
202024.421017.80%Bloomberg
202024.421117.80%Grandviewresearch

Influencing factors that changes market size of music streaming

The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of music streaming.

Direct drivers:

1. Young population structure

2. Increasing the number of mobile phones

3. Internet penetration

Reverse drivers:

1. High cost and low quality of the Internet

2. High price of membership in music streaming platforms

This market may also be threatened by following risks:

In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management. The market of music streaming may also be threatened by following risks:

  1. Technology risk
  2. International risk
  3. Sales and marketing risk
  4. Litigation risk

Related Blog Posts

Leave a Reply

Your email address will not be published.

Fill out this field
Fill out this field
Please enter a valid email address.

Free Valuation Tools

Menu