Europe Music Streaming Market

Market Introduction

The scope of the digital music streaming websites is taking over the musical scenario. Owing to the availability of cloud technology, regional music offerings, increased smartphone adoption, advanced streaming applications, and lesser cost of data are some of the major aspects transforming the entire landscape of music streaming. Factors such as demand for multiple digital music platforms and rising number of music subscribers will drive the growth of music streaming market. The primary key stakeholders of the music streaming market are streaming service providers, telecom providers, music publishers, and end-users. The streaming service providers such as Apple, Spotify, and Amazon, among others, offer various content to its customers. The packages are either paid subscription or advertisement based. The streaming service providers are highly focused on technological advancements such as live streaming. To increase its subscriber base, they enter into multiple partnerships to expand its library with local language content. Telecom providers play a key role in revenue generation. The streaming service providers collaborate with telecom operators to offer music subscriptions at a discounted rate to their customers. The music publishers are the companies releasing various music both online and by physical mode. The end users are commercial and individual. The commercial segment includes shopping mall, public places, and others.

Europe Music Streaming Strategic Insights

Strategic insights for the Europe Music Streaming provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Music Streaming Report Scope

Europe Music Streaming Regional Insights

The geographic scope of the Europe Music Streaming refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The music streaming market in Europe was valued at US$ 6,260.2 Mn in 2019 and is projected to reach US$9,812.3 Mn by 2027; it is expected to grow at a CAGR of 5.5% from 2020 to 2027.

The on-demand streaming enables the consumer to retrieve large catalogue of music online with minimal subscription fee. The number of consumers from the UK making payments for purchasing subscription of on-demand streaming such as Apple Music or Spotify has been increased. This has resulted into increased premium subscriptions and caused a revenue increase of 27.5%. Rise in the number of music subscribers has resulted into growing demand for on-demand streaming services. The promotions and popularity of family plans in digital music platforms such as Spotify, Apple, Alphabet, and Amazon has benefited the consumers.   

Key Market Segments

In terms of content type, the audio streaming segment accounted for the largest share of the Europe Music Streaming market in 2019. In terms of streaming type, the on demand streaming segment held a larger market share of the music streaming market in 2019. Further, in terms of end user, the individual segment held a larger share of the market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred while preparing this report on the Music Streaming market in Europe are company websites, annual reports, financial reports, national government documents, statistical database, and among others. Major companies listed in the report are Amazon.com, Inc, Google LLC, Deezer, Apple, Inc, SoundCloud, Spotify Technology S.A., and others.

Reasons to buy report

• To understand the Europe music streaming market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe music streaming market
• Efficiently plan M&A and partnership deals in Europe music streaming market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe music streaming market
• Obtain market revenue forecast for market by various segments from 2020 to 2027 in Europe region

Europe Music Streaming Market Segmentation

Europe Music Streaming Market, by Content Type

• Audio Streaming
• Video Streaming

Europe Music Streaming Market, by Streaming Type

• Live Streaming
• On-Demand Streaming

Europe Music Streaming Market, by End-user

• Commercial
• Individual

Europe Music Streaming Market, by Country

• Germany
• UK
• France
• Italy
• Russia
• Rest of Europe

Europe Music Streaming Market-Companies Mentioned

• Amazon.com, Inc
• Google LLC
• Deezer
• Apple, Inc
• SoundCloud
• Spotify Technology S.A