South America 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. Spotify, Apple music, Amazon music unlimited, and YouTube music are some of the prominent online music streaming services prevailing in the SAM market. The application of music platforms is majorly adopted within the age group up of 18to 30years, as the individuals of this group are willing to invest high value on music streaming. Targeting new demographics would potentially raise service subscriptions and revenue of the providers. Additionally, consistent increase in on-demand streaming and accessibility of regional content on digital platforms will help the market to further grow and provide growth opportunities to the providers prevailing in the SAM music streaming market. Factors like growing number of music subscribers as well as regional content availability is expected to create a significant demand for music streaming in the coming years, which is further anticipated to drive the SAM music streaming market. Furthermore, in case of COVID-19, Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of SAM has taken an array of actions to protect their citizens and contain COVID-19’s spread. SAM is one of the most promising markets in music streaming. Vendors are taking strategic initiatives to increase the number of subscribers during the COVID-19 pandemic in SAM. The coronavirus outbreak's impact is anticipated to be quite severe in the year 2020 and likely in 2021. Hence, the ongoing COVID-19 crisis and critical situation will impact the music streaming market growth of the SAM region for the next few quarters.

South America Music Streaming Strategic Insights

Strategic insights for the South America 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.

South America Music Streaming Report Scope

South America Music Streaming Regional Insights

The geographic scope of the South America 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 SAM is expected to grow from US$ 1235.4 million in 2019 to US$ 2782.0 million by 2027; it is estimated to grow at a CAGR of 10.4 % from 2020 to 2027.Scope of on- demand streaming is expected to surge the SAM music streaming market growth. The on-demand streaming enables the consumer to retrieve large catalogue of music online with minimal subscription fee. The number of consumers in SAM making payments for purchasing subscription of on-demand streaming such as Apple music or Spotify has been increased. 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. At present, the on-demand streaming is one of the most preferred services, as they use network infrastructure and on-demand audio streaming software to stream media files. Owing to exploration in on-demand streaming, there is significant increase in the number of subscribers. Advantages of on-demand streaming such as less subscription fees, large catalogue, different membership plans etc.  is expected to increase its demand in coming year, which will drive the SAM music streaming market.

Key Market Segments

In terms of content type, the audio streaming segment accounted for the largest share of SAM music streaming market in 2019. In terms of streaming type, the on – demand streaming segment held a larger market share of the SAM 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 SAM 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.; Deezer; Google LLC; Spotify Technology S.A.

Reasons to buy report

• To understand the SAM 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 SAM music streaming market
• Efficiently plan M&A and partnership deals in SAM 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 SAM music streaming market.
• Obtain market revenue forecast for market by various segments from 2020-2027 in SAM region.

SAM Music Streaming Market Segmentation

By Content Type

• Audio Streaming
• Video Streaming

By Streaming Type

• Live Streaming
• On – Demand Streaming

By

End User

• Commercial
• Individual

By Country

• Brazil
• Argentina
• Rest of SAM

Company Profiles

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