In digital music, the sound is encoded in digital format. The technology used records, stores, and generates music in digital form. Digital music service allows customers to listen to and download music. High-quality music is made available for purchase, access, and play back by the service provider. In this type of service, the service provider purchases digital rights from music recording companies. The service is provided through a network service, wherein the user pays a subscription fee, pays per download, or accesses the music free of charge from an ad-based streaming model. The user can also download music and playlists directly to a smartphone for offline listening on the go without requiring the use of the internet. TechNavio's analysts forecast the Global Digital Music market to grow at a CAGR of 14.61 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Digital Music market for the period 2015-2019. To calculate market size, the report considers revenue generated by the services provided by the market vendors. The market calculation, however, does not include online radio streaming services. The report also provides the market size based on user base. TechNavio's report, Global Digital Music Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Latin America, and the EMEA and APAC regions; it also covers the Global Digital Music market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key Regions
• APAC • EMEA • Latin America • North America
Key Vendors
• Amazon.com • Apple • CBS • Deezer • EMI Music Publishing • Fox Music Publishing • Google • Hungama Digital Media Entertainment • Microsoft • Sony • Spotify • Universal Music Group
• Increase in Disposable Income among Consumers • For a full, detailed list, view our report
Market Challenge
• Piracy Concerns • For a full, detailed list, view our report
Market Trend
• Increase in Adoption of Cloud Services in Music Streaming • For a full, detailed list, view our report
Key Questions Answered in this Report
• What will the market size be in 2019 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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