Final Report will add the analysis of the impact of COVID-19 on this industry.
The report titled Cloud Music Services Market has recently added by MarketIntelligenceData to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.
Get a Sample Copy of the Report:
Top Companies operating in the Global Cloud Music Services market profiled in the report:– Spotify AB, Apple Inc., Amazon.com Inc., Google LLC, Times Internet, Pandora Media Inc., Saavn Media Pvt Ltd, ASPIRO AB, NetEase Inc., Deezer SA
Scope of the Report
Cloud music services are primarily used to increase access to music by overcoming limitations imposed by the device storing capacity or lack of ownership. Streaming, subscription, and other cloud services provide listeners with service agreements to rent music out for a certain fee or under certain conditions. The increasing integration of analytics in the music industry is expected to be one of the key trends that are gaining traction in the cloud music services market. The backing from curators, editors, and data analytics systems enables record companies to provide customers with a customized music experience.
Key Market Trends
Increasing Penetration of Smartphones and Tablets drives the Market for Cloud Music Services
In 2016, the number of smartphones sold to consumers was around 1.5 billion units, which was a significant increase from the 680 million units sold in 2012. Thus, over 28% of the global population owned a smart device in 2016, a figure that is expected to increase to 37% by 2020. With the growing number of smartphones and tablets, the music listener�s behavior is changing.
Companies are entering into strategic partnerships with mobile manufacturers to expand their business. For instance, Spotify collaborated with Samsung to make its app the smartphone maker’s official music service provider across devices, allowing two companies to create a seamless music listening experience for the user
The high percentage of mobile devices used in China (67% versus 48% in the United States), high smartphone penetration with around 92 cellular subscriptions (per 100 people versus 117 in the United States), significant mobile coverage, and aggressive government funding to upgrade and expand mobile broadband, claiming over one billion 4G subscriptions are some of the major factors influencing the cloud music services market.
Regional Analysis For Cloud Music Services Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Browse Full Report:
Influence of the Cloud Music Services Market Report:
-Comprehensive assessment of all opportunities and risk in the Cloud Music Services market.
-Cloud Music Services market recent innovations and major events.
-Detailed study of business strategies for growth of the Cloud Music Services market-leading players.
-Conclusive study about the growth plot of Cloud Music Services market for forthcoming years.
-In-depth understanding of Cloud Music Services market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Cloud Music Services market.
Cloud Music Services Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both Top-down and bottom-up approaches have been used to estimate and validate the market size of Cloud Music Services Market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
MarketIntelligenceData provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketIntelligenceData provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
Irfan Tamboli (Head of Sales) – Market Intelligence Data
Phone: + 1704 266 3234 | +91-20-412 512 12
Press Release Distributed by Xherald