Europe Music Streaming Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Content Type (Audio Streaming, Video Streaming), Streaming Type (Live Streaming, On-demand Streaming), End User (Commercial, Individual), and Country
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.
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Market Overview and Dynamics
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
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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Music Streaming Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Ecosystem Analysis
5. Music Streaming Market – Key Market Dynamics
5.1 Key Market Driver
5.1.1 Rising Demand for Digital Music Streaming Websites
5.2 Key Market Restraints
5.2.1 Accessibility of Free Digital Music Platforms
5.3 Key Market Opportunities
5.3.1 Rise in On-Demand Streaming
5.4 Future Trends
5.4.1 Growing Penetration of Online Music Streaming
5.5 Impact Analysis of Drivers and Restraints
6. Music Streaming Market– Europe Analysis
6.1 Europe Music Streaming Market Overview
6.1.1 Europe: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
6.2 Market Positioning – Five Key Players
7. Music Streaming Market Analysis – By Content Type
7.1 Overview
7.1.1 Music Streaming Market Breakdown, by Content Type, 2019 & 2027
7.2 Audio Streaming
7.2.1 Overview
7.2.2 Audio Streaming Market Revenue and Forecast to 2027 (US$ Million)
7.3 Video Streaming
7.3.1 Overview
7.3.2 Video Streaming Market Revenue and Forecast to 2027 (US$ Million)
8. Music Streaming Market Analysis – By Streaming Type
8.1 Overview
8.2 Music Streaming Market Breakdown, by Streaming Type, 2019 & 2027
8.3 Live Streaming
8.3.1 Overview
8.3.2 Live Streaming Market Revenue and Forecast to 2027 (US$ Million)
8.4 On-Demand Streaming
8.4.1 Overview
8.4.2 On-demand Streaming Market Revenue and Forecast to 2027 (US$ Million)
9. Music Streaming Market Analysis – By End User
9.1 Overview
9.2 Music Streaming Market Breakdown, by Streaming Type, 2019 & 2027
9.3 Commercial
9.3.1 Overview
9.3.2 Commercial Market Revenue and Forecast to 2027 (US$ Million)
9.4 Individual
9.4.1 Overview
9.4.2 Individual Market Revenue and Forecast to 2027 (US$ Million)
10. Music Streaming Market Revenue and Forecast to 2027 –Country Analysis
10.1 Overview
10.1.1.1 Germany: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Germany: Music Streaming Market, by Content Type
10.1.1.1.2 Germany: Music Streaming Market, by Streaming Type
10.1.1.1.3 Germany: Music Streaming Market, by End User
10.1.1.2 France: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 France: Music Streaming Market, by Content Type
10.1.1.2.2 France: Music Streaming Market, by Streaming Type
10.1.1.2.3 France: Music Streaming Market, by End User
10.1.1.3 Italy: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Italy: Music Streaming Market, by Content Type
10.1.1.3.2 Italy: Music Streaming Market, by Streaming Type
10.1.1.3.3 Italy: Music Streaming Market, by End User
10.1.1.4 UK: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 UK: Music Streaming Market, by Content Type
10.1.1.4.2 UK Music Streaming Market, by Streaming Type
10.1.1.4.3 UK: Music Streaming Market, by End User
10.1.1.5 Russia: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 Russia: Music Streaming Market, by Content Type
10.1.1.5.2 Russia Music Streaming Market, by Streaming Type
10.1.1.5.3 Russia: Music Streaming Market, by End User
10.1.1.6 Rest of Europe: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of Europe: Music Streaming Market, by Content Type
10.1.1.6.2 Rest of Europe Music Streaming Market, by Streaming Type
10.1.1.6.3 Rest of Europe: Music Streaming Market, by End User
11. Music Streaming Market - COVID-19 Impact Analysis
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Market Initiative
13. Company Profiles
13.1 Amazon.com, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Google LLC
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Deezer
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.5 Apple, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 SoundCloud
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Spotify Technology S.A.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. Germany Music Streaming Market, By Content Types – Revenue and Forecast to 2027 (US$ Million)
Table 3. Germany Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. Germany Music Streaming Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 5. France Music Streaming Market, By Content Types – Revenue and Forecast to 2027 (US$ Million)
Table 6. France Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. France Music Streaming Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 8. Italy Music Streaming Market, By Content Types – Revenue and Forecast to 2027 (US$ Million)
Table 9. Italy Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 10. Italy Music Streaming Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 11. UK Music Streaming Market, By Content Types – Revenue and Forecast to 2027 (US$ Million)
Table 12. UK Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. UK Music Streaming Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 14. Russia Music Streaming Market, By Content Types – Revenue and Forecast to 2027 (US$ Million)
Table 15. Russia Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 16. Russia Music Streaming Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 17. Rest of Europe Music Streaming Market, By Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of Europe Music Streaming Market, By Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of Europe Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Music Streaming Market Segmentation
Figure 2. Europe Music Streaming Market Overview
Figure 3. Audio Streaming Segment Held the Largest Share During Forecast Period
Figure 4. On-demand Streaming Segment Dominated the Market
Figure 5. Individual Segment to Show Great Traction During Forecast Period
Figure 6. Europe
Figure 7. Ecosystem Analysis
Figure 8. Music Streaming Market: Impact Analysis of Drivers and Restraints
Figure 9. Europe: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 10. Music Streaming Market Breakdown, by Content Type (2019 and 2027)
Figure 11. Audio Streaming Market Revenue and Forecast to 2027 (US$ Million)
Figure 12. Video Streaming Market Revenue and Forecast to 2027 (US$ Million)
Figure 13. Music Streaming Market Breakdown, by End-user (2019 and 2027)
Figure 14. Live Streaming Market Revenue and Forecast to 2027(US$ Million)
Figure 15. On-demand Streaming Market Revenue and Forecast to 2027(US$ Million)
Figure 16. Music Streaming Market Breakdown, by End-user (2019 and 2027)
Figure 17. Commercial Market Revenue and Forecast to 2027(US$ Million)
Figure 18. Individual Market Revenue and Forecast to 2027(US$ Million)
Figure 19. Europe : Music Streaming Market Revenue Share, By Country (2019 and 2027)
Figure 20. Germany: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. France: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Italy: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. UK: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Russia: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Rest of Europe: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in Europe Country
- Amazon.com, Inc
- Google LLC
- Deezer
- Apple, Inc
- SoundCloud
- Spotify Technology S.A
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