![Global Music Streaming Market](https://res.cloudinary.com/devmoveo/image/upload/v1687514117/skyquest/gallery/Global-Music-Streaming-Market.jpg)
Report ID: SQMIG50H2004
Report ID:
SQMIG50H2004 |
Region:
Global |
Published Date: March, 2024
Pages:
177
|
Tables:
113 |
Figures:
77
The greatest revenue share, that of over 30% in North America, is expected to expand significantly throughout the forecast period. The existence of major market participants like Apple, Inc., Amazon.com, Inc., Google LLC, and Pandora Media, Inc. is a crucial driver pushing the industry in this region. Additionally, the widespread use of smart gadgets, fixed wireless internet, and online payment methods is fostering regional market expansion.
The Middle East and Africa are expected to have the fastest CAGR, at 17.8%, between 2022 and 2030. Several domestic and international companies are growing in this sector. The freemium OTT services from Viu, a Hong Kong-based supplier of streaming video services, were launched in South Africa. These platforms offer original, regional, and local content. In addition, a large expansion of the market in the Asia-Pacific region is anticipated throughout the forecast period. In order to keep the volume-driven economy in the area alive and to draw in and keep consumers, many providers offer video streaming services on a free basis.
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Report ID: SQMIG50H2004