Music Streaming Market Size, Share, Growth Analysis, By Service(On-demand Streaming, and Live Streaming), By Platform(Apps, and Browsers), By Content Type(Audio, and Video), By End-use(Individual, and Commercial), By Region - Industry Forecast 2024-2031

The market is dispersed due to the numerous domestic and foreign rivals. The two-step process used by service providers to build their subscriber base. They first launch advertising efforts to entice customers to sign up for their freemium platform. They then approach them with tempting offers and discounts in an effort to persuade them to upgrade to a premium subscription. Participants in the business also prioritize growing their regional footprint. For instance, the corporation expanded the international scope of Apple Music by launching the music listening service in 52 new countries in 2021.

To enable them to grow their company's presence and succeed in a fiercely competitive business environment, prominent industry players are considering mergers and acquisitions and strategic alliances. For instance, in 2021, Spotify AB collaborated with Tinder, Inc., a geosocial networking and online dating service, to enhance the holiday music experience for singles. In addition, businesses unveiled the Music Mode function, Tinder's largest enhancement since the Swipe function. Users can add their favorite songs to the Music Mode section of their dating profiles.

Music Streaming Market Top Player’s Company Profiles

• Spotify

• Apple Music

• Amazon Music

• YouTube Music

• Pandora

• Deezer

• Tencent Music Entertainment

• Google Play Music

• Tidal

• iHeartRadio

• SoundCloud

• JioSaavn

• Gaana

• Napster

• QQ Music

• Anghami

• Melon

• Yandex Music

• KKBox

• Zvooq

Music Streaming Market