The Music Industry in an Age of Digital Distribution: The Global Digital Music Content Market is a competitive market. Digital Music Content Market was valued at US$ 15.06 Bn. in 2022 and is expected to reach US$ 27.19 Bn. by 2029 at a CAGR of 8.8% during the forecast period. The key players in the market include Spotify, Apple Music, Amazon Music, and Tencent Music Entertainment. These companies are engaged in a number of strategies to maintain their market share, such as product innovation, marketing, and pricing. The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report
Digital Music Content Market Dynamics:
The digital music content market is progressively replacing digital music records and CDs with alternatives, for instance, portable storage devices such as multimedia players, iPods, and cloud storage services. People prefer to listen to music through cloud music, where they can download, store, stream, and share their content. The key factors driving the growth of the global digital music content market have been studied. Cloud computing has become an essential component in the market as it offers legal access to online music, even from remote servers. Services like iTunes match have gained huge popularity in the digital musical content market and have accelerated the frequency of music downloads. Moreover, the market is also gaining tremendous support from the social networking sites such as Facebook and YouTube, which help artists to create content that their fans demand and aid in more active participation from the audience side. Such developments will positively impact the growth of the digital music content market during the forecast period.Digital Music Content Market Segment Analysis:
The music streaming segment is projected to gain huge popularity in the digital music content market during the forecast period. Music streaming services enable users with uninterrupted, real-time access to music without downloading files. The users can legally benefit from high-quality songs for free for a pre-defined period or by paying a minimal subscription fee. Much of the segment’s growth can be attributed to the emerging music cloud technologies, high-speed internet, and rapidly changing customer requirements, streaming sites. The age group between 18-40 years accounted for more than 55% of the legal downloads and streaming in 2022. Much of this segment’s growth can be attributed to the growth of the music streaming services, for instance, Pandora and Spotify, which has shifted the focus towards music streaming or downloading.Digital Music Content Market Regional Insights:
Region-wise, the European region is estimated to be the fastest-growing in the digital music content market globally. The European countries which include UK, Germany, and Sweden are the key revenue contributing countries considering the European region. The global market is still in its exploratory stage in most of the regions, but it holds the promising potential to flourish steadily in upcoming years. The major companies investing in the digital music content market are situated in Canada, the US, India, China, and some more countries of the Asia Pacific region. Global digital music content market report includes PESTLE analysis, competitive landscape, and Porter’s five force model. Market attractive analysis wherein all the segments are benchmarked based on the market size, growth rate, and general attractiveness.Digital Music Content Market, Key Highlights:
1. Global Digital Music Content Market analysis and forecast, in terms of value. 2. Comprehensive study and analysis of market drivers, restraints, and opportunities influencing the growth of the Global Digital Music Content Market 3. Global Digital Music Content Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. 4. Global Digital Music Content Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. 5. Global Digital Music Content Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and Latin America along with country-wise segmentation. 6. Profiles of key industry players, their strategic perspective, market positioning, and analysis of core competencies are further profiled. 7. Competitive developments, investments, strategic expansion, and competitive landscape of the key players operating in the Global Digital Music Content Market are also profiled.Digital Music Content Market Scope: Inquire before buying
Digital Music Content Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 15.06 Bn. Forecast Period 2023 to 2029 CAGR: 8.8% Market Size in 2029: US $ 27.19 Bn. Segments Covered: by Type Permanent downloads Music streaming by Age group Below 18 years 18-40 years 41-60 years Above 60 years Digital Music Content Market, by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Digital Music Content Market Key Players
• Apple • Deezer • Google • iHeartMedia • Pandora • Spotify • CBS • Clear Channel Radio • Gaana.com • Grooveshark • Guvera • Hungama MyPlay • JB Hi-Fi Pty • Line • Mixcloud • News • RadioTime • Rara • Rhapsody • Saavn • SoundCloud Frequently Asked Questions: 1. Which region has the largest share in Global Digital Music Content Market? Ans: European region held the highest share in 2022. 2. What is the growth rate of Global Digital Music Content Market? Ans: The Global Digital Music Content Market is growing at a CAGR of 8.8% during forecasting period 2023-2029. 3. What is scope of the Global Digital Music Content Market report? Ans: Global Digital Music Content Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Digital Music Content Market? Ans: The important key players in the Global Digital Music Content Market are – Apple, Deezer, Google, iHeartMedia, Pandora, Spotify, CBS, Clear Channel Radio, Gaana.com, Grooveshark, Guvera, Hungama MyPlay, JB Hi-Fi Pty, Line, Mixcloud, News, RadioTime, Rara, Rhapsody, Saavn, SoundCloud. 5. What is the study period of this Market? Ans: The Global Digital Music Content Market is studied from 2022 to 2029.
Global Digital Music Content Market
1. Preface 1.1. Research Objectives 1.2. Report Scope and Market Segmentation 1.3. Research Highlights 2. Assumptions and Research Methodology 2.1. Abbreviations 3. Executive Summary 3.1. Global Digital Music Content Market Size, by Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Dynamics 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.2.5. Emerging Technology 4.3. Market Analysis 4.3.1. Value Chain Analysis 4.3.2. Pricing Analysis 4.3.3. Market risk analysis 4.3.4. Porter’s Analysis 4.3.5. Key Trends in Global Digital Music Content Market 5. Global Digital Music Content Market Analysis and Forecast 5.1. Global Digital Music Content Market Analysis and Forecast 5.2. Global Digital Music Content Market Size& Y-o-Y Growth Analysis 5.2.1. North America 5.2.2. Europe 5.2.3. Asia Pacific 5.2.4. Middle East & Africa 5.2.5. South America 6. Global Digital Music Content Market Analysis and Forecast, by Age group 6.1. Introduction and Definition 6.2. Global Digital Music Content Market Value Share Analysis, by Age group 6.3. Market Size (US$ Bn) Forecast, by Age group 6.4. Global Digital Music Content Market Analysis, by Age group 6.5. Digital Music Content Market Attractiveness Analysis, by Age group 7. Global Digital Music Content Market Analysis and Forecast, by Type 7.1. Introduction and Definition 7.2. Global Digital Music Content Market Value Share Analysis, by Type 7.3. Market Size (US$ Bn) Forecast, by Type 7.4. Global Digital Music Content Market Analysis, by Type 7.5. Global Digital Music Content Market Attractiveness Analysis, by Type 8. Global Digital Music Content Market Analysis, by Region 8.1. Global Digital Music Content Market Value Share Analysis, by Region 8.2. Market Size (US$ Bn) Forecast, by Region 8.3. Global Digital Music Content Market Attractiveness Analysis, by Region 9. North America Digital Music Content Market Analysis 9.1. North America Digital Music Content Market Overview 9.2. North America Digital Music Content Market Value Share Analysis, by Age group 9.3. North America Digital Music Content Market Forecast, by Age group 9.3.1. Below 18 years 9.3.2. 18-40 years 9.3.3. 41-60 years 9.3.4. Above 60 years 9.4. North America Digital Music Content Market Value Share Analysis, by Type 9.5. North America Digital Music Content Market Forecast, by Type 9.5.1. Permanent downloads 9.5.2. Music streaming 9.6. North America Digital Music Content Market Value Share Analysis, by Country 9.7. North America Digital Music Content Market Forecast, by Country 9.7.1. U.S. 9.7.2. Canada 9.8. North America Digital Music Content Market Analysis, by Country 9.9. U.S. Digital Music Content Market Forecast, by Age group 9.9.1. Below 18 years 9.9.2. 18-40 years 9.9.3. 41-60 years 9.9.4. Above 60 years 9.10. U.S. Digital Music Content Market Forecast, by Type 9.10.1. Permanent downloads 9.10.2. Music streaming 9.11. Canada Digital Music Content Market Forecast, by Age group 9.11.1. Below 18 years 9.11.2. 18-40 years 9.11.3. 41-60 years 9.11.4. Above 60 years 9.12. Canada Digital Music Content Market Forecast, by Type 9.12.1. Permanent downloads 9.12.2. Music streaming 9.13. North America Digital Music Content Market Attractiveness Analysis 9.13.1. by Age group 9.13.2. by Type 9.14. PEST Analysis 9.15. Key Trends 9.16. Key Developments 10. Europe Digital Music Content Market Analysis 10.1. Europe Digital Music Content Market Overview 10.2. Europe Digital Music Content Market Value Share Analysis, by Age group 10.3. Europe Digital Music Content Market Forecast, by Age group 10.3.1. Below 18 years 10.3.2. 18-40 years 10.3.3. 41-60 years 10.3.4. Above 60 years 10.4. Europe Digital Music Content Market Value Share Analysis, by Type 10.5. Europe Digital Music Content Market Forecast, by Type 10.5.1. Permanent downloads 10.5.2. Music streaming 10.6. Europe Digital Music Content Market Value Share Analysis, by Country 10.7. Europe Digital Music Content Market Forecast, by Country 10.7.1. Germany 10.7.2. U.K. 10.7.3. France 10.7.4. Italy 10.7.5. Spain 10.7.6. Rest of Europe 10.8. Europe Digital Music Content Market Analysis, by Country/ Sub-region 10.9. Germany Digital Music Content Market Forecast, by Age group 10.9.1. Below 18 years 10.9.2. 18-40 years 10.9.3. 41-60 years 10.9.4. Above 60 years 10.10. Germany Digital Music Content Market Forecast, by Type 10.10.1. Permanent downloads 10.10.2. Music streaming 10.11. U.K. Digital Music Content Market Forecast, by Age group 10.11.1. Below 18 years 10.11.2. 18-40 years 10.11.3. 41-60 years 10.11.4. Above 60 years 10.12. U.K. Digital Music Content Market Forecast, by Type 10.12.1. Permanent downloads 10.12.2. Music streaming 10.13. France Digital Music Content Market Forecast, by Age group 10.13.1. Below 18 years 10.13.2. 18-40 years 10.13.3. 41-60 years 10.13.4. Above 60 years 10.14. France Digital Music Content Market Forecast, by Type 10.14.1. Permanent downloads 10.14.2. Music streaming 10.15. Italy Digital Music Content Market Forecast, by Age group 10.15.1. Below 18 years 10.15.2. 18-40 years 10.15.3. 41-60 years 10.15.4. Above 60 years 10.16. Italy Digital Music Content Market Forecast, by Type 10.16.1. Permanent downloads 10.16.2. Music streaming 10.17. Spain Digital Music Content Market Forecast, by Age group 10.17.1. Below 18 years 10.17.2. 18-40 years 10.17.3. 41-60 years 10.17.4. Above 60 years 10.18. Spain Digital Music Content Market Forecast, by Type 10.18.1. Permanent downloads 10.18.2. Music streaming 10.19. Rest of Europe Digital Music Content Market Forecast, by Age group 10.19.1. Below 18 years 10.19.2. 18-40 years 10.19.3. 41-60 years 10.19.4. Above 60 years 10.20. Rest of Europe Digital Music Content Market Forecast, by Type 10.20.1. Permanent downloads 10.20.2. Music streaming 10.21. Europe Digital Music Content Market Attractiveness Analysis 10.21.1. by Age group 10.21.2. by Type 10.22. PEST Analysis 10.23. Key Trends 10.24. Key Developments 11. Asia Pacific Digital Music Content Market Analysis 11.1. Asia Pacific Digital Music Content Market Overview 11.2. Asia Pacific Digital Music Content Market Value Share Analysis, by Age group 11.3. Asia Pacific Digital Music Content Market Forecast, by Age group 11.3.1. Below 18 years 11.3.2. 18-40 years 11.3.3. 41-60 years 11.3.4. Above 60 years 11.4. Asia Pacific Digital Music Content Market Value Share Analysis, by Type 11.5. Asia Pacific Digital Music Content Market Forecast, by Type 11.5.1. Permanent downloads 11.5.2. Music streaming 11.6. Asia Pacific Digital Music Content Market Value Share Analysis, by Country 11.7. Asia Pacific Digital Music Content Market Forecast, by Country 11.7.1. China 11.7.2. India 11.7.3. Japan 11.7.4. ASEAN 11.7.5. Rest of Asia Pacific 11.8. Asia Pacific Digital Music Content Market Analysis, by Country/ Sub-region 11.9. China Digital Music Content Market Forecast, by Age group 11.9.1. Below 18 years 11.9.2. 18-40 years 11.9.3. 41-60 years 11.9.4. Above 60 years 11.10. Tank Level China Digital Music Content Market Forecast, by Type 11.10.1. Permanent downloads 11.10.2. Music streaming 11.11. India Digital Music Content Market Forecast, by Age group 11.11.1. Below 18 years 11.11.2. 18-40 years 11.11.3. 41-60 years 11.11.4. Above 60 years 11.12. India Digital Music Content Market Forecast, by Type 11.12.1. Permanent downloads 11.12.2. Music streaming 11.13. Japan Digital Music Content Market Forecast, by Age group 11.13.1. Below 18 years 11.13.2. 18-40 years 11.13.3. 41-60 years 11.13.4. Above 60 years 11.14. Japan Digital Music Content Market Forecast, by Type 11.14.1. Permanent downloads 11.14.2. Music streaming 11.15. ASEAN Digital Music Content Market Forecast, by Age group 11.15.1. Below 18 years 11.15.2. 18-40 years 11.15.3. 41-60 years 11.15.4. Above 60 years 11.16. ASEAN Digital Music Content Market Forecast, by Type 11.16.1. Permanent downloads 11.16.2. Music streaming 11.17. Rest of Asia Pacific Digital Music Content Market Forecast, by Age group 11.17.1. Below 18 years 11.17.2. 18-40 years 11.17.3. 41-60 years 11.17.4. Above 60 years 11.18. Rest of Asia Pacific Digital Music Content Market Forecast, by Type 11.18.1. Permanent downloads 11.18.2. Music streaming 11.19. Asia Pacific Digital Music Content Market Attractiveness Analysis 11.19.1. by Age group 11.19.2. by Type 11.20. PEST Analysis 11.21. Key Trends 11.22. Key Developments 12. Middle East & Africa Digital Music Content Market Analysis 12.1. Middle East & Africa Digital Music Content Market Overview 12.2. Middle East & Africa Digital Music Content Market Value Share Analysis, by Age group 12.3. Middle East & Africa Digital Music Content Market Forecast, by Age group 12.3.1. Below 18 years 12.3.2. 18-40 years 12.3.3. 41-60 years 12.3.4. Above 60 years 12.4. Middle East & Africa Digital Music Content Market Value Share Analysis, by Type 12.5. Middle East & Africa Digital Music Content Market Forecast, by Type 12.5.1. Permanent downloads 12.5.2. Music streaming 12.6. Middle East & Africa Digital Music Content Market Value Share Analysis, by Country 12.7. Middle East & Africa Digital Music Content Market Forecast, by Country 12.7.1. GCC 12.7.2. South Africa 12.7.3. Rest of Middle East & Africa 12.8. Middle East & Africa Digital Music Content Market Analysis, by Country/ Sub-region 12.9. GCC Digital Music Content Market Forecast, by Age group 12.9.1. Below 18 years 12.9.2. 18-40 years 12.9.3. 41-60 years 12.9.4. Above 60 years 12.10. GCC Digital Music Content Market Forecast, by Type 12.10.1. Permanent downloads 12.10.2. Music streaming 12.11. South Africa Digital Music Content Market Forecast, by Age group 12.11.1. Below 18 years 12.11.2. 18-40 years 12.11.3. 41-60 years 12.11.4. Above 60 years 12.12. South Africa Digital Music Content Market Forecast, by Type 12.12.1. Permanent downloads 12.12.2. Music streaming 12.13. Rest of Middle East & Africa Digital Music Content Market Forecast, by Age group 12.13.1. Below 18 years 12.13.2. 18-40 years 12.13.3. 41-60 years 12.13.4. Above 60 years 12.14. Rest of Middle East & Africa Digital Music Content Market Forecast, by Type 12.14.1. Permanent downloads 12.14.2. Music streaming 12.15. Middle East & Africa Digital Music Content Market Attractiveness Analysis 12.15.1. by Age group 12.15.2. by Type 12.16. PEST Analysis 12.17. Key Trends 12.18. Key Developments 13. South America Digital Music Content Market Analysis 13.1. South America Digital Music Content Market Overview 13.2. South America Digital Music Content Market Value Share Analysis, by Age group 13.3. South America Digital Music Content Market Forecast, by Age group 13.3.1. Below 18 years 13.3.2. 18-40 years 13.3.3. 41-60 years 13.3.4. Above 60 years 13.4. South America Digital Music Content Market Value Share Analysis, by Type 13.5. South America Digital Music Content Market Forecast, by Type 13.5.1. Permanent downloads 13.5.2. Music streaming 13.6. South America Digital Music Content Market Value Share Analysis, by Country 13.7. South America Digital Music Content Market Forecast, by Country 13.7.1. Brazil 13.7.2. Mexico 13.7.3. Rest of South America 13.8. South America Digital Music Content Market Analysis, by Country/ Sub-region 13.9. Brazil Digital Music Content Market Forecast, by Age group 13.9.1. Below 18 years 13.9.2. 18-40 years 13.9.3. 41-60 years 13.9.4. Above 60 years 13.10. Brazil Digital Music Content Market Forecast, by Type 13.10.1. Permanent downloads 13.10.2. Music streaming 13.11. Mexico Digital Music Content Market Forecast, by Age group 13.11.1. Below 18 years 13.11.2. 18-40 years 13.11.3. 41-60 years 13.11.4. Above 60 years 13.12. Mexico Digital Music Content Market Forecast, by Type 13.12.1. Permanent downloads 13.12.2. Music streaming 13.13. Rest of South America Digital Music Content Market Forecast, by Age group 13.13.1. Below 18 years 13.13.2. 18-40 years 13.13.3. 41-60 years 13.13.4. Above 60 years 13.14. Rest of South America Digital Music Content Market Forecast, by Type 13.14.1. Permanent downloads 13.14.2. Music streaming 13.15. South America Digital Music Content Market Attractiveness Analysis 13.15.1. by Age group 13.15.2. by Type 13.16. PEST Analysis 13.17. Key Trends 13.18. Key Developments 14. Competitive Landscape 14.1. Market Share Analysis, by Key Players 14.2. Competition Matrix 14.2.1. Competitive Benchmarking of key players by price, presence, market share, Age groups and R&D investment 14.2.2. Market Consolidation 14.2.2.1. M&A by regions, investment, age groups 14.2.2.2. M&A Key Players, forward integration, backward integration 14.3. Company Profiles: Key Player 14.3.1. Apple 14.3.1.1. Company Overview 14.3.1.2. Financial Overview 14.3.1.3. Business Strategy 14.3.1.4. Recent Developments 14.3.1.5. Manufacturing Footprint 14.3.2. Deezer 14.3.3. Google 14.3.4. iHeartMedia 14.3.5. Pandora 14.3.6. Spotify 14.3.7. CBS 14.3.8. Clear Channel Radio 14.3.9. Gaana.com 14.3.10. Grooveshark 14.3.11. Guvera 14.3.12. Hungama MyPlay 14.3.13. JB Hi-Fi Pty 14.3.14. Line 14.3.15. Mixcloud 14.3.16. News 14.3.17. RadioTime 14.3.18. Rara 14.3.19. Rhapsody 14.3.20. Saavn 14.3.21. SoundCloud 15. Primary Key Insights