Cloud Music Streaming

Cloud Music Streaming

Global Cloud Music Streaming Market to Reach US$60.9 Billion by 2030

The global market for Cloud Music Streaming estimated at US$23.0 Billion in the year 2023, is expected to reach US$60.9 Billion by 2030, growing at a CAGR of 14.9% over the analysis period 2023-2030. Individual End-Use, one of the segments analyzed in the report, is expected to record a 15.7% CAGR and reach US$48.8 Billion by the end of the analysis period. Growth in the Commercial End-Use segment is estimated at 12.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$5.9 Billion While China is Forecast to Grow at 19.3% CAGR

The Cloud Music Streaming market in the U.S. is estimated at US$5.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.5 Billion by the year 2030 trailing a CAGR of 19.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 10.2% and 12.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.5% CAGR.

Global Cloud Music Streaming Market - Key Trends and Drivers Summarized

Cloud music streaming has profoundly reshaped the way music is accessed and enjoyed, offering users the ability to store and stream their collections from anywhere, thanks to major technological advancements pioneered by companies like Apple, Amazon, and Google. This method of music consumption exists in two main models: a radio-like experience where users listen to music tailored to their tastes by platforms such as Pandora, and a more controlled approach where users can search for specific tracks and manage playlists, exemplified by Spotify. This evolution allows users unprecedented control and personalization in their music listening experiences, adapting to the digital age`s demands for accessibility and customization. Additionally, cloud streaming eliminates the need for physical storage, providing a cost-effective, secure way to maintain large music collections, which is particularly advantageous for those with mobile lifestyles and devices with limited storage capacity.

However, the reliance on internet connectivity can pose significant challenges, such as access issues during outages, which may prevent users from streaming music when offline. Furthermore, restrictions on the number of devices per account and additional costs for increased storage capacity can limit the flexibility and cost-effectiveness of cloud music services. Service terms can also change unexpectedly, potentially impacting users negatively by increasing costs or reducing access to previously available music. These limitations highlight the necessity for ongoing innovation and user-focused adjustments to maintain the appeal of cloud music streaming as a primary method of music consumption.

The expansion of cloud music streaming is driven by various factors, including a significant reduction in music piracy due to the availability of affordable, legal streaming options. Technological improvements in mobile networks and devices enhance the streaming experience, particularly with the advent of 5G, which supports higher-quality, more reliable music streaming. The global increase in internet penetration and smart device ownership also contributes to the growth of streaming services, particularly in developing regions where traditional access to music is limited. Additionally, the continuous expansion of music catalogs, integration with social media, and advancements in cloud technology that improve service reliability and streaming quality play crucial roles in the adoption of streaming services. Furthermore, the diversification into non-music content like podcasts and live broadcasts appeals to a broader audience, enhancing the utility and attractiveness of streaming platforms. As streaming technology and related legislative frameworks evolve, they continue to revolutionize music consumption, providing users with an increasingly personalized and accessible listening experience.

Select Competitors (Total 29 Featured) -
  • Amazon.com, Inc.
  • Apple Inc.
  • Deezer
  • Google Inc.
  • Microsoft Corp.
  • Napster
  • Pandora Media, Inc.
  • Saavn, LLC
  • SoundCloud Limited
  • Spotify Ltd.
  • Tencent Holdings Ltd.
  • Tencent Music Entertainment Group
  • Tidal
  • YouTube Red
  • YouTube, LLC
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
Global Economic Update
Cloud Music Streaming - Global Key Competitors Percentage Market Share in 2024 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growing Popularity of On-Demand Services Drives Adoption Cloud Music Streaming
Streaming Technology Innovations Propels Market Growth
Increasing Smartphone Penetration Expands Addressable Market Opportunity
Integration with Social Media Platforms Spurs Growth
AI and Machine Learning Personalization Generates Demand for Cloud Music Streaming
Cloud Infrastructure Advancements Strengthens Business Case for Streaming Services
Rising Internet Speeds Accelerates Demand for High-Quality Streaming
Subscription-Based Models Sustain Growth in the Industry
Here's How Music Catalog Expansion Drives Market Demand
Adoption of Voice-Activated Devices Drives Streaming Service Usage
Data Analytics Enhances User Experience and Retention
Freemium Models Generate Opportunities for Market Expansion
User-Generated Content Platforms Drive Market Dynamics
Here's How Cross-Platform Compatibility Impacts Market Growth
Licensing and Copyright Issues Creates Challenges
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Cloud Music Streaming Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
TABLE 2: World Recent Past, Current & Future Analysis for Cloud Music Streaming by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 3: World 7-Year Perspective for Cloud Music Streaming by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2024 & 2030
TABLE 4: World Recent Past, Current & Future Analysis for Individual by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 5: World 7-Year Perspective for Individual by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2024 & 2030
TABLE 6: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 7: World 7-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
TABLE 8: USA Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 9: USA 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
CANADA
TABLE 10: Canada Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 11: Canada 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
JAPAN
Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
TABLE 12: Japan Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 13: Japan 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
CHINA
Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
TABLE 14: China Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 15: China 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
EUROPE
Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
TABLE 16: Europe Recent Past, Current & Future Analysis for Cloud Music Streaming by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 17: Europe 7-Year Perspective for Cloud Music Streaming by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2024 & 2030
TABLE 18: Europe Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 19: Europe 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
FRANCE
Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
TABLE 20: France Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 21: France 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
GERMANY
Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
TABLE 22: Germany Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 23: Germany 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
ITALY
TABLE 24: Italy Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 25: Italy 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
UNITED KINGDOM
Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
TABLE 26: UK Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 27: UK 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
SPAIN
TABLE 28: Spain Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 29: Spain 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
RUSSIA
TABLE 30: Russia Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 31: Russia 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
REST OF EUROPE
TABLE 32: Rest of Europe Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 33: Rest of Europe 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
ASIA-PACIFIC
Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
TABLE 34: Asia-Pacific Recent Past, Current & Future Analysis for Cloud Music Streaming by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 35: Asia-Pacific 7-Year Perspective for Cloud Music Streaming by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2024 & 2030
TABLE 36: Asia-Pacific Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 37: Asia-Pacific 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
AUSTRALIA
Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
TABLE 38: Australia Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 39: Australia 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
INDIA
Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
TABLE 40: India Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 41: India 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
SOUTH KOREA
TABLE 42: South Korea Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 43: South Korea 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
REST OF ASIA-PACIFIC
TABLE 44: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 45: Rest of Asia-Pacific 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
LATIN AMERICA
Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
TABLE 46: Latin America Recent Past, Current & Future Analysis for Cloud Music Streaming by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 47: Latin America 7-Year Perspective for Cloud Music Streaming by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2024 & 2030
TABLE 48: Latin America Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 49: Latin America 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
ARGENTINA
TABLE 50: Argentina Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 51: Argentina 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
BRAZIL
TABLE 52: Brazil Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 53: Brazil 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
MEXICO
TABLE 54: Mexico Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 55: Mexico 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
REST OF LATIN AMERICA
TABLE 56: Rest of Latin America Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 57: Rest of Latin America 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
MIDDLE EAST
Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
TABLE 58: Middle East Recent Past, Current & Future Analysis for Cloud Music Streaming by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 59: Middle East 7-Year Perspective for Cloud Music Streaming by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2024 & 2030
TABLE 60: Middle East Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 61: Middle East 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
IRAN
TABLE 62: Iran Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 63: Iran 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
ISRAEL
TABLE 64: Israel Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 65: Israel 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
SAUDI ARABIA
TABLE 66: Saudi Arabia Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 67: Saudi Arabia 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
UNITED ARAB EMIRATES
TABLE 68: UAE Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 69: UAE 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
REST OF MIDDLE EAST
TABLE 70: Rest of Middle East Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 71: Rest of Middle East 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
AFRICA
Cloud Music Streaming Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
TABLE 72: Africa Recent Past, Current & Future Analysis for Cloud Music Streaming by End-Use - Individual and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 73: Africa 7-Year Perspective for Cloud Music Streaming by End-Use - Percentage Breakdown of Value Sales for Individual and Commercial for the Years 2024 & 2030
IV. COMPETITION

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