Middle East and Africa Music Streaming Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Content Type (Audio Streaming and Video Streaming), Streaming Type (Live Streaming and On-demand Streaming), and End User (Commercial and Individual)
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. Spotify, Apple music, Amazon music unlimited, and YouTube music are some of the prominent online music streaming services prevailing in the MEA market. Consistent increase in on-demand streaming and availability of regional content on digital platforms will help the MEA market to further grow and provide growth opportunities to the providers prevailing in the MEA music streaming market. On the contrary, due to the availability of pirated channels and free music platforms, the number of subscribers might decline and can negatively impact on the MEA music streaming market. Furthermore, many music streaming service providers offer an unpaid trial period to gain traction of more individuals. Additionally, to remain competitive in the MEA market, timely updates and advancements are made in the digital music platform by the music streaming service providers to sustain in the market. Factors like rising popularity of digital music streaming websites and surge in number of music subscribers are expected to create a significant demand for music streaming in the coming years, which is further anticipated to drive the MEA music streaming market. Furthermore, in case of COVID-19, Saudi Arabia has the most significant COVID-19 cases in the MEA region and is followed by South Africa and the UAE, among others. UAE was the first country in the MEA to report a confirmed case of coronavirus. The COVID-19 pandemic would have significant effects on MEA economies, but the music streaming service providers are significantly witnessing the demand from consumers. Online entertainment is one of the bright spots in business during the outbreak of the COVID-19 pandemic in the MEA region. Tencent Holdings Ltd. is planning to launch its paid music app Joox to some of Africa’s populous countries after the streaming service proved a hit in Southeast Asia.
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Market Overview and Dynamics
The music streaming market in MEA is expected to grow from US$ 1536.4 million in 2019 to US$ 3228.5 million by 2027; it is estimated to grow at a CAGR of 9.5 % from 2020 to 2027.Availability of regional music is expected to increase the music streaming market across MEA. Along with the introduction of digital and cloud system, the scope of music streaming platforms and on-demand streaming has flourished with user inflow. Continuous technological developments are taking place across the MEA with an aim to cater music subscribers in a better manner. The subscription model is creating a significant impact on the development of MEA music streaming market. The music streaming service providers are offering region-specific original music to gain attention of customers and to multiply the number of subscriptions. With booming penetration of music streaming in tier 2 and 3 cities in emerging economies in MEA, the need to have regional content is flourishing. As the music streaming services are accessible on various platforms for cross-device access, the scope of on-demand streaming is anticipated to benefit various companies. The increasing adoption of on-demand streaming will encourage the music streaming service providers to offer an option of regional content. Availability of regional music is expected to create significant demand of music streaming, which will drive the MEA music streaming market.
Key Market Segments
In terms of content type, the audio streaming segment accounted for the largest share of MEA music streaming market in 2019. In terms of streaming type, the on – demand streaming segment held a larger market share of the MEA music streaming market in 2019. Further, the individual segment held a larger share of the market based on end user in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the music streaming market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Amazon.com, Inc.; Apple, Inc.; Google LLC; Joox; Spotify Technology S.A.
Reasons to buy report
- To understand the MEA 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 MEA music streaming market
- Efficiently plan M&A and partnership deals in MEA 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 MEA music streaming market.
- Obtain market revenue forecast for market by various segments from 2020-2027 in MEA region.
MEA Music Streaming Market Segmentation
By Streaming Type
By End User
- Commercial
- Individual
By Country
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
Company Profiles
- Amazon.com, Inc.
- Apple, Inc.
- Google LLC
- Joox
- 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. MEA Music Streaming Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.2.1 MEA –PEST-Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Music Streaming Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rising Popularity of Digital Music Streaming Websites
5.1.2 Surge in Number of Music Subscribers
5.2 Key Market Restraints
5.2.1 Accessibility of Free Digital Music Platforms
5.3 Key Market Opportunities
5.3.1 Scope of On-Demand Streaming
5.4 Future Trends
5.4.1 Availability of Regional Music
5.5 Impact Analysis of Drivers and Restraints
6. Music Streaming Market– MEA Analysis
6.1 MEA Music Streaming Market Overview
6.2 MEA Music Streaming Market– Revenue and Forecast to 2027 (US$ Billion)
6.3 Market Positioning – Five Key Players
7. MEA Music Streaming Market Analysis – By Content Type
7.1 Overview
7.1.1 MEA 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. MEA Music Streaming Market Analysis – By Streaming Type
8.1 Overview
8.2 MEA 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. MEA Music Streaming Market Analysis – By End User
9.1 Overview
9.2 MEA Music Streaming Market Breakdown, by End-User, 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. MEA Music Streaming Market – Country Analysis
10.1 Overview
10.1.1 MEA: Music Streaming Market, by Key Country
10.1.1.1 South Africa: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 South Africa: Music Streaming Market, by Content Type
10.1.1.1.2 South Africa: Music Streaming Market, by Streaming Type
10.1.1.1.3 South Africa: Music Streaming Market, by End User
10.1.1.2 Saudi Arabia: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 Saudi Arabia: Music Streaming Market, by Content Type
10.1.1.2.2 Saudi Arabia: Music Streaming Market, by Streaming Type
10.1.1.2.3 Saudi Arabia: Music Streaming Market, by End User
10.1.1.3 UAE: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 UAE: Music Streaming Market, by Content Type
10.1.1.3.2 UAE: Music Streaming Market, by Streaming Type
10.1.1.3.3 UAE: Music Streaming Market, by End User
10.1.1.4 Rest of MEA: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 Rest of MEA: Music Streaming Market, by Content Type
10.1.1.4.2 Rest of MEA: Music Streaming Market, by Streaming Type
10.1.1.4.3 Rest of MEA: Music Streaming Market, by End User
11. MEA Music Streaming Market - COVID-19 Impact Analysis
11.1 Overview
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 Apple, Inc.
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
13.4 Spotify Technology S.A.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 JOOX
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
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. MEA Music Streaming Market– Revenue and Forecast to 2027 (US$ Million)
Table 2. South Africa: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. South Africa: Music Streaming Market, by Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. South Africa: Music Streaming Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 5. Saudi Arabia: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 6. Saudi Arabia: Music Streaming Market, by Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. Saudi Arabia: Music Streaming Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 8. UAE: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. UAE: Music Streaming Market, by Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 10. UAE: Music Streaming Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 11. Rest of MEA: Music Streaming Market, by Content Type – Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of MEA: Music Streaming Market, by Streaming Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of MEA: Music Streaming Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Music Streaming Market Segmentation
Figure 2. MEA Music Streaming Market Segmentation – By Country
Figure 3. MEA Music Streaming Market Overview
Figure 4. Audio Streaming Segment Held the Largest Share During Forecast Period
Figure 5. On-demand Streaming Segment Dominated the Market
Figure 6. Individual Segment to Dominate the Market
Figure 7. MEA Music Streaming Market, Country Analysis
Figure 8. MEA PEST Analysis
Figure 9. MEA Music Streaming Market Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. MEA Music Streaming Market: Impact Analysis of Drivers and Restraints
Figure 12. MEA Music Streaming Market– Revenue and Forecast to 2027 (US$ Million)
Figure 13. MEA Music Streaming Market Breakdown, by Content Type (2019 and 2027)
Figure 14. MEA Audio Streaming Market Revenue and Forecast to 2027 (US$ Million)
Figure 15. MEA Video Streaming Market Revenue and Forecast to 2027 (US$ Million)
Figure 16. MEA Music Streaming Market Breakdown, by Streaming Type (2019 and 2027)
Figure 17. MEA Live Streaming Market Revenue and Forecast to 2027(US$ Million)
Figure 18. MEA On-demand Streaming Market Revenue and Forecast to 2027(US$ Million)
Figure 19. MEA Music Streaming Market Breakdown, by End-user (2019 and 2027)
Figure 20. MEA Commercial Market Revenue and Forecast to 2027(US$ Million)
Figure 21. MEA Individual Market Revenue and Forecast to 2027(US$ Million)
Figure 22. MEA: Music Streaming Market Revenue Share, by Key Country (2019 and 2027)
Figure 23. South Africa: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Saudi Arabia: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. UAE: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Rest of MEA: Music Streaming Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Impact OF COVID-19 Pandemic on MEA
The List of Companies - Middle East and Africa Music Streaming Market
- Amazon.com, Inc.
- Apple, Inc.
- Google LLC
- Joox
- Spotify Technology S.A.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA music streaming market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the MEA music streaming market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the music streaming market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.