Market Research Report

Global Music Streaming Market Research Report: Forecast (2023-2028)

By Services (On-demand Streaming, Live Streaming), By Platform (Apps, Browsers), By Content Type (Audio, Video), By End Users (Individual, Commercial), By Region (North America, So...uth America, Europe, The Middle East & Africa, Asia-Pacific), By Company (Amazon Inc., Apple Inc., Deezer, Google LLC, iHeartMedia, Inc., Pandora Media, Inc., SoundCloud Limited, Spotify AB, Tencent Music Entertainment Group, Tidal (Aspiro AB), Guvera, Microsoft, Slacker, Times Internet, Yandex, and Others) Read more

  • FMCG
  • Aug 2023
  • 198
  • PDF, Excel, PPT

Market Definition

The practice of accessing & listening to music over the internet is referred to as music streaming. It entails delivering real-time music content from web platforms directly to the user's device, such as a computer, smartphone, or tablet. Individuals can explore specific songs, albums, or playlists on streaming platforms, which have large archives of music from multiple genres & artists. Generally, music is stored on servers & accessed via streaming services, which require an internet connection to playback.

Market Insights & Analysis: Global Music Streaming Market (2023-28):

The Global Music Streaming Market size is valued at around USD 22.7 billion in 2022 & is estimated to grow at a CAGR of about 12.32% during the forecast period, i.e., 2023-28. The market is expected to upscale due to some factors like the widespread adoption of smartphones & internet, rising prevalence for music streaming services, and the upgrade in the revenue generated from mobile advertisement. The proliferation of top-of-the-line smartphones & internet connections has contributed to a tendency for online streaming services, presenting customers with additional mobile options for streaming music material. With the popularity of music streaming services, including sources or websites that let the individuals to listen & watch music videos and podcast with both audio as well as visuals, the market has been flourishing since the past period. Along with this, due to the attractive features such as personalized song recommendations, seamless accessibility across numerous browsers & applications, and the automatic customization of the playlist is also aiding in enhancing the Music Streaming Market share.

The booming rate of music seaming services, growing awareness of these platform across the globe & the less availability of pirated music owing to the inclination of the consumers towards high technological gadgets & internet connection are assisting in the progression of the Global Music Streaming Market. The high technological advancements & appetite for delivering music in digital format stimulate the use of multi-device compatible devices. As online streaming has become an effective entertainment option for users, vendors are emphasizing upon offering multi-device compatibility devices such as smart speakers, smartphones, smartwatches, HD TVs, and various voice assistant devices, like Amazon Alexa, Microsoft Cortana, Apple Siri, Samsung Bixby, etc., to provide a better listening experience. Furthermore, most companies are currently releasing compatible devices, creating a substantial opportunity for upscaling the market revenue. Additionally, as these platforms generally suggest elements like personalized recommendations, curated playlists, social sharing, offline listening, and integration with other devices & services, thus have revolutionized the way people consume music.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 12.32%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled Amazon Inc., Apple Inc., Deezer, Google LLC, iHeartMedia, Inc., Pandora Media, Inc., SoundCloud Limited, Spotify AB, Tencent Music Entertainment Group, Tidal (Aspiro AB), Guvera, Microsoft, Slacker, Times Internet, Yandex, and Others
Market Value (2022) USD 22.7 billion

 

Moreover, with the emergence of 5G connectivity, many of the participants in the market have started to offer new music services that provides music streaming & music downloads features to the music enthusiast & many of the individuals worldwide.  As 5G technology becomes more prevalent, as a result of the increased speed & data transfer possibilities of that 4G, companies may start to provide high-quality audio streams. Hence, these technological & connectivity breakthroughs would aid in propelling the industry forward. Also, the usage of technologies such as Artificial Intelligence (AI) & Machine Learning (ML) improves the music streaming experience by boosting search recommendations, further supporting in creating a positive outlook for the Global Music Streaming Market in the forthcoming years. For instance:

  • In 2022, Gamma Gaana Ltd, an Indian music streaming app, introduced a very new feature in their existing application by integrating AI to improvise music suggestions & enrich listeners or user’s experience.

Consequently, with the constant advancement & upgradation as well as the strategies followed by the companies to improvise the music streaming industry would also fuel the market growth. Besides, with the rise in the subscriber on various music streaming platforms or applications, including Spotify, Amazon Music, Wynk Music, Apple Music, etc., due to the soaring number of music enthusiast who prefers to listen to a particular genre of music, favorite artists & have a collection of their liked songs, is also contributing in upscaling the demand graph of the market across the globe in the future years. 


Global Music Streaming Market Research Report: Forecast (2023-2028)

Global Music Streaming Market Driver:

Rising Popularity for Music Streaming Services to Push the Market Growth – With the emerging preference for music among the global population the demand for music streaming services is witnessing an upward trend. Since the past years, the percentage of individuals consuming or adopting paid subscription services to stream music & numerous audio content has grown tremendously, further expanding the Global Music Streaming Market. Also, with the introduction of wireless technologies deployed with 4G or 5G internet connections is improving the growth rate of the market. Moreover, the increase in the young population, who are the frequent consumer of music streaming services, and majorly prefer those sites that also offer free music options along with paid subscriptions as their channel has free access is further driving the market progression.

Global Music Streaming Market Challenge:

Lack of Ownership & the Availability of the Music Only When Connected to Internet is Impeding the Growth – The growth of the Global Music Streaming Market during the forecast period is expected to be hindered by the absence of music ownership & the limitation on offline music access. Subscription-based licensing models dominate the market, granting consumers extensive song libraries. However, the inability to possess the music they stream & the restriction on downloading music discourages potential subscribers. Furthermore, the dependency on internet connectivity for streaming music may also contribute to deterring customers from adopting music streaming services, thus impeding market development.

Global Music Streaming Market Trend:

Introduction of Differentiated Music Streaming Services to be Trending in the Market– In the present times, the Global Music Streaming market is witnessing a rise in the availability of diverse music streaming services from providers like YouTube Music, Pandora, Spotify, Deezer, and Tidal. These services are introducing various features that cater to the evolving demands of users. Easy access across different platforms, personalized playlist curation through automated systems, and an emphasis on high-quality audio are a few trending features of music streaming services. For instance, YouTube Music, owned by Alphabet, leverages users' Google account details & employs artificial intelligence technology to recommend songs & tailor music recommendations based on user's location. On the other hand, Spotify has placed a strong emphasis on social features, enabling streaming across a wide range of operating systems worldwide, including Android, iOS, Windows, and Adobe. Hence, the growing adoption of these distinct music streaming services is a significant trend propelling market growth in the foreseeable future.

Global Music Streaming Market (2023-28): Segmentation Analysis

The Global Music Streaming Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the global, regional, and national levels. Based on the analysis, the market has been further classified as:

Based on Services:

  • On-demand Streaming
  • Live Streaming

On-demand music streaming service captured the potential market share during the historical period & is anticipated to follow the same trend in the upcoming years as well. With the emergence & prevalence of on-demand services that limit the streaming of unauthorized music & downloading, the musicians & the stakeholders are gaining benefits, further supporting the Global Music Streaming Market expansion. Providing numerous discovery functionalities & personalized recommendations in accordance with the preference of the user or consumer is also aiding in upgrading the market share of this segment in the forecast years.

Based on Content Type:

  • Audio
  • Video

Audio content type is envisioned to capture the largest chunk of the revenue share of the Global Music Streaming Market in the forecast years, due to the multitasking convenience that it offers to the listeners. Audio content type enables the listeners to perform various tasks, such as reading, commuting, performing household works, exercising, studying, writing, and many more without breaking their concentration, further offering complete engagement & entertainment. Furthermore, nowadays many of the music streaming applications are offering wide ranges of audio genres, like podcasts, live audio, soundtracks & scores, live commentary, etc., thus making this content type one of the most convenient & adaptable segment.

Global Music Streaming Market (2023-28): Regional Projections

Geographically, the Global Music Streaming Market expands across:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

North America is presumed to account for the lion’s share of the Global Music Streaming Market in the coming years, owing to the tremendous rise in the adoption of digital music among the population of the regional countries, especially the US. The US was the early & foremost adopter of music streaming services & since then contributed to upgrading the growth scale of the market. Also, the easy availability of the resources to provide advanced music streaming experiences to the users, the lifestyle of the individuals as well as the high disposable income are contributing to escalating the growth of music streaming applications across the region. Moreover, owing to the presence of leading market players like Google LLC, Amazon Music, Spotify, Apple, etc., as well as the availability of fixed wireless internet, the high influence of smart gadgets, and the existence of music enthusiasts are also pushing the expansion of the market.

Global Music Streaming Industry Recent Development:

  • November 2022: Apple Inc. announced the launch of its new Replay feature. In this latest upgrade the users would be able to learn their top songs, artists, albums, genres, and many more.
  • 2022: Deezer introduced an app called “Zen by Deezer – Meditation”. This app offers a wide range of music & other content related to meditation, sleep, yoga, etc.

Gain a Competitive Edge with Our Global Music Streaming Market Report

  • Global Music Streaming Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  • This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  • Global Music Streaming Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Music Streaming Market is poised to record a CAGR of around 12.32% during the forecast period.

   A. Rising popularity for music streaming services to push the Music Streaming Market expansion during 2023-28.

   A. Amazon Inc., Apple Inc., Deezer, Google LLC, iHeartMedia, Inc., Pandora Media, Inc., SoundCloud Limited, Spotify AB, Tencent Music Entertainment Group, Tidal (Aspiro AB), Guvera, Microsoft, Slacker, Times Internet, Yandex, and Others are the top players in the Music Streaming Market.

   A. Audio content type is presumed to be the most prominent segment in the Music Streaming Market.

   A. North America would present growth prospects in the Music Streaming Market during 2023-28.

   A. Introduction of differentiated music streaming services to be trending in the Music Streaming Market.

   A. Lack of ownership & the availability of the music only when connected to internet is impeding the growth of the Music Streaming Market.

   A. Individual & commercial are the potential end-user in the Music Streaming Market.

Global Music Streaming Market Research Report (2023-2028) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Music Streaming Market Regulations & Policy
  5. Global Music Streaming Market Trends & Developments
  6. Global Music Streaming Market Dynamics
    1. Growth Drivers
    2. Challenges
  7. Global Music Streaming Market Hotspots & Opportunities
  8. Global Music Streaming Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Services
        1. On-demand Streaming- Market Size & Forecast 2018-2028, USD Million
        2. Live Streaming- Market Size & Forecast 2018-2028, USD Million
      2. By Platform
        1. Apps- Market Size & Forecast 2018-2028, USD Million
        2. Browsers- Market Size & Forecast 2018-2028, USD Million
      3. By Content Type
        1. Audio- Market Size & Forecast 2018-2028, USD Million
        2. Video- Market Size & Forecast 2018-2028, USD Million
      4. By End Users
        1. Individual- Market Size & Forecast 2018-2028, USD Million
        2. Commercial- Market Size & Forecast 2018-2028, USD Million
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      6. By Company
        1. Market Share & Analysis
        2. Competition Characteristics
  9. North America Music Streaming Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Services- Market Size & Forecast 2018-2028, USD Million
      2. By Platforms- Market Size & Forecast 2018-2028, USD Million
      3. By Content Type- Market Size & Forecast 2018-2028, USD Million
      4. By End Users- Market Size & Forecast 2018-2028, USD Million
      5. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The United States Music Streaming Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Services- Market Size & Forecast 2018-2028, USD Million
        2. By Platforms- Market Size & Forecast 2018-2028, USD Million
        3. By Content Type- Market Size & Forecast 2018-2028, USD Million
        4. By End Users- Market Size & Forecast 2018-2028, USD Million
    4. Canada Music Streaming Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Services- Market Size & Forecast 2018-2028, USD Million
        2. By Platforms- Market Size & Forecast 2018-2028, USD Million
        3. By Content Type- Market Size & Forecast 2018-2028, USD Million
        4. By End Users- Market Size & Forecast 2018-2028, USD Million
    5. Mexico Music Streaming Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Services- Market Size & Forecast 2018-2028, USD Million
        2. By Platforms- Market Size & Forecast 2018-2028, USD Million
        3. By Content Type- Market Size & Forecast 2018-2028, USD Million
        4. By End Users- Market Size & Forecast 2018-2028, USD Million
  10. South America Music Streaming Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Services- Market Size & Forecast 2018-2028, USD Million
      2. By Platforms- Market Size & Forecast 2018-2028, USD Million
      3. By Content Type- Market Size & Forecast 2018-2028, USD Million
      4. By End Users- Market Size & Forecast 2018-2028, USD Million
      5. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Music Streaming Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Services- Market Size & Forecast 2018-2028, USD Million
        2. By Platforms- Market Size & Forecast 2018-2028, USD Million
        3. By Content Type- Market Size & Forecast 2018-2028, USD Million
        4. By End Users- Market Size & Forecast 2018-2028, USD Million
    4. Argentina Music Streaming Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Services- Market Size & Forecast 2018-2028, USD Million
        2. By Platforms- Market Size & Forecast 2018-2028, USD Million
        3. By Content Type- Market Size & Forecast 2018-2028, USD Million
        4. By End Users- Market Size & Forecast 2018-2028, USD Million
  11. Europe Music Streaming Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Services- Market Size & Forecast 2018-2028, USD Million
      2. By Platforms- Market Size & Forecast 2018-2028, USD Million
      3. By Content Type- Market Size & Forecast 2018-2028, USD Million
      4. By End Users- Market Size & Forecast 2018-2028, USD Million
      5. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. Germany Music Streaming Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Services- Market Size & Forecast 2018-2028, USD Million
        2. By Platforms- Market Size & Forecast 2018-2028, USD Million
        3. By Content Type- Market Size & Forecast 2018-2028, USD Million
        4. By End Users- Market Size & Forecast 2018-2028, USD Million
    4. The UK Music Streaming Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Services- Market Size & Forecast 2018-2028, USD Million
        2. By Platforms- Market Size & Forecast 2018-2028, USD Million
        3. By Content Type- Market Size & Forecast 2018-2028, USD Million
        4. By End Users- Market Size & Forecast 2018-2028, USD Million
    5. France Music Streaming Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Services- Market Size & Forecast 2018-2028, USD Million
        2. By Platforms- Market Size & Forecast 2018-2028, USD Million
        3. By Content Type- Market Size & Forecast 2018-2028, USD Million
        4. By End Users- Market Size & Forecast 2018-2028, USD Million
    6. Italy Music Streaming Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Services- Market Size & Forecast 2018-2028, USD Million
        2. By Platforms- Market Size & Forecast 2018-2028, USD Million
        3. By Content Type- Market Size & Forecast 2018-2028, USD Million
        4. By End Users- Market Size & Forecast 2018-2028, USD Million
    7. Spain Music Streaming Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Services- Market Size & Forecast 2018-2028, USD Million
        2. By Platforms- Market Size & Forecast 2018-2028, USD Million
        3. By Content Type- Market Size & Forecast 2018-2028, USD Million
        4. By End Users- Market Size & Forecast 2018-2028, USD Million
  12. The Middle East & Africa Music Streaming Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Services- Market Size & Forecast 2018-2028, USD Million
      2. By Platforms- Market Size & Forecast 2018-2028, USD Million
      3. By Content Type- Market Size & Forecast 2018-2028, USD Million
      4. By End Users- Market Size & Forecast 2018-2028, USD Million
      5. By Country
        1. The UAE
        2. Saudi Arabia
        3. South Africa
        4. Rest of the Middle East & Africa
    3. The UAE Music Streaming Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Services- Market Size & Forecast 2018-2028, USD Million
        2. By Platforms- Market Size & Forecast 2018-2028, USD Million
        3. By Content Type- Market Size & Forecast 2018-2028, USD Million
        4. By End Users- Market Size & Forecast 2018-2028, USD Million
    4. Saudi Arabia Music Streaming Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Services- Market Size & Forecast 2018-2028, USD Million
        2. By Platforms- Market Size & Forecast 2018-2028, USD Million
        3. By Content Type- Market Size & Forecast 2018-2028, USD Million
        4. By End Users- Market Size & Forecast 2018-2028, USD Million
    5. South Africa Music Streaming Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Services- Market Size & Forecast 2018-2028, USD Million
        2. By Platforms- Market Size & Forecast 2018-2028, USD Million
        3. By Content Type- Market Size & Forecast 2018-2028, USD Million
        4. By End Users- Market Size & Forecast 2018-2028, USD Million
  13. Asia-Pacific Music Streaming Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Services- Market Size & Forecast 2018-2028, USD Million
      2. By Platforms- Market Size & Forecast 2018-2028, USD Million
      3. By Content Type- Market Size & Forecast 2018-2028, USD Million
      4. By End Users- Market Size & Forecast 2018-2028, USD Million
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Rest of Asia-Pacific
    3. China Music Streaming Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Services- Market Size & Forecast 2018-2028, USD Million
        2. By Platforms- Market Size & Forecast 2018-2028, USD Million
        3. By Content Type- Market Size & Forecast 2018-2028, USD Million
        4. By End Users- Market Size & Forecast 2018-2028, USD Million
    4. India Music Streaming Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Services- Market Size & Forecast 2018-2028, USD Million
        2. By Platforms- Market Size & Forecast 2018-2028, USD Million
        3. By Content Type- Market Size & Forecast 2018-2028, USD Million
        4. By End Users- Market Size & Forecast 2018-2028, USD Million
    5. Japan Music Streaming Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Services- Market Size & Forecast 2018-2028, USD Million
        2. By Platforms- Market Size & Forecast 2018-2028, USD Million
        3. By Content Type- Market Size & Forecast 2018-2028, USD Million
        4. By End Users- Market Size & Forecast 2018-2028, USD Million
    6. South Korea Music Streaming Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Services- Market Size & Forecast 2018-2028, USD Million
        2. By Platforms- Market Size & Forecast 2018-2028, USD Million
        3. By Content Type- Market Size & Forecast 2018-2028, USD Million
        4. By End Users- Market Size & Forecast 2018-2028, USD Million
    7. Australia Music Streaming Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Services- Market Size & Forecast 2018-2028, USD Million
        2. By Platforms- Market Size & Forecast 2018-2028, USD Million
        3. By Content Type- Market Size & Forecast 2018-2028, USD Million
        4. By End Users- Market Size & Forecast 2018-2028, USD Million
  14. Global Music Streaming Market Key Strategic Imperatives for Success & Growth
  15. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Research & Development
      4. Strategic Alliances
      5. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Amazon Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Apple Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Deezer
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Google LLC
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. iHeartMedia, Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Pandora Media, Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. SoundCloud Limited
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Spotify AB
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Tencent Music Entertainment Group
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Tidal (Aspiro AB)
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Guvera
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Microsoft
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Slacker
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Times Internet
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Yandex
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Others
  16. Disclaimer


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