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Global Cloud Mobile Music Services Market 2017-2021

Global Cloud Mobile Music Services Market 2017-2021

About CLOUD MOBILE MUSIC SERVICES

Cloud mobile music services include internet services that help users to upload their personal music collection on the cloud. These (music collections) can be later retrieved from the Internet on laptops, smartphones, tablets, and other devices. A majority of the mobile music service providers have online music stores that offer songs to the user. Cloud-based online music enables listeners to move from the traditional way of owning music to a new model of 'anytime-anywhere' access to music. Moving from an ownership model to subscription and ad-supported music is likely to change the music preferences of consumers as they will experiment more with the new forms of music. This will result in a wide variety of music reaching a large and diverse audience.

Technavio’s analysts forecast the global cloud mobile music services market to grow at a CAGR of 7.40% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global cloud mobile music services market for 2017-2021. To calculate the market size, the report considers the new sales/volume/value and aftermarket/services market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Cloud Mobile Music Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Alphabet
  • Amazon
  • Apple
  • Spotify
Other prominent vendors
  • Aspiro
  • Deezer
  • Guvera
  • Gamma Gaana
  • Microsoft
  • Rhapsody International
  • Saavn
  • Stingray Digital Media Group
  • TriPlay
Market driver
  • Increasing use of smartphones and cloud services
  • For a full, detailed list, view our report
Market challenge
  • Music piracy leading to huge losses
  • For a full, detailed list, view our report
Market trend
  • Rising popularity of analytics in the music industry
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Cloud Mobile Music Services Market 2017-2021

Technavio recognizes the following companies as the key players in the Global Cloud Mobile Music Services Market: Alphabet, Amazon, Apple, and Spotify.

Other Prominent Vendors in the market are: Aspiro, Deezer, Guvera, Gamma Gaana, Microsoft, Rhapsody International, Saavn, Stingray Digital Media Group, and TriPlay.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rising popularity of analytics in the music industry. Record companies are heavily investing in curators, editors, and data analytics systems to provide a customized music experience. Cloud mobile music service providers are also following the same trend. Data analytics services help in identifying music preferences (of the users) and are widely used in music streaming services. The streaming service providers are also investing in intelligent music recommendations. In 2014, Spotify acquired Echo Nest (a company that provides acoustic fingerprinting services) to emphasize the use of analytics. Vendors focus on creating intelligent music platforms that combine social curation and algorithm.”

According to the report, one of the major drivers for this market is increasing use of smartphones and cloud services. There is an increasing demand for mobile devices and cloud services among the consumers and service providers. The growing popularity of smartphones drives the demand for cloud services in the global mobile music industry. The rising number of mobile sites and mobile applications help the music subscription services vendors in growing their customer base. Vendors are also introducing various domestic mobile applications through the cloud, which help in streaming and downloading music. Music is one of the most used applications in mobile devices after social media and emails.

Further, the report states that one of the major factors hindering the growth of this market is music piracy leading to huge losses. Piracy or counterfeiting hinders the growth in the global cloud mobile music services market. Service providers find it challenging to prevent the sharing, copying, and downloading of music from illegal online sources. Widespread music piracy and illegal downloading lead to huge losses in the music industry. In addition, it is estimated that a quarter of the Internet users are accessing music illegally, either through peer-to-peer systems, such as BitTorrent, or downloading music from websites, blogs, and stream-ripping applications.



Companies Mentioned

Alphabet, Amazon, Apple, Spotify, Aspiro, Deezer, Guvera, Gamma Gaana, Microsoft, Rhapsody International, Saavn, Stingray Digital Media Group, and TriPlay.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Market landscape
    • Market overview
      • Table Segmentation of global cloud mobile music services market
    • Market size and forecast
      • Table Global cloud mobile music service market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global cloud mobile music services market by product 2016 (% share)
      • Table Global cloud mobile music services market by product 2021 (% share)
    • Downloading services
      • Table Global cloud mobile music services market by downloading services 2016-2021 ($ millions)
    • Streaming services
      • Table Global cloud mobile music services market by streaming services 2016-2021 ($ millions)
      • Table Global music streaming services segment 2016 (% share)
  • Geographical segmentation
    • Overview
      • Table Global cloud mobile music services market by geography 2016 (% share)
      • Table CAGRs of various cloud mobile music services markets 2016-2021 (%)
      • Table Global cloud mobile music services market by geography 2016-2021 (% share)
    • Americas
      • Table Cloud mobile music services market in Americas 2016-2021 ($ millions)
      • Table Cloud mobile music services market in Americas by product segmentation 2016 and 2021 ($ millions)
    • EMEA
      • Table Cloud mobile music services market in EMEA 2016-2021 ($ millions)
      • Table Cloud mobile music services market in EMEA by product 2016 and 2021 ($ millions)
    • APAC
      • Table Cloud mobile music services market in APAC 2016-2021 ($ millions)
      • Table Cloud mobile music services market in APAC by product segmentation 2016 and 2021 ($ millions)
  • Key leading countries
    • Table Key leading countries
    • US
      • Table Cloud mobile music services market in US 2016-2021 ($ millions)
      • Table Global cloud music services market in US by product segmentation 2016 (% share)
    • UK
      • Table Cloud mobile music services market in UK 2016-2021 ($ millions)
      • Table Global cloud music services market in UK by product 2016 (% share)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Cloud mobile music services terminated in 2014 and 2015
  • Market trends
    • Rising popularity of analytics in the music industry
    • Increasing number of M&A and partnerships
      • Table Major acquisitions in cloud mobile music services market
    • Bundled services offered by telecom companies and music service providers
  • Vendor landscape
    • Competitive overview
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Alphabet
      • Table Alphabet: Business segmentation
      • Table Alphabet: Revenue generation from geographical segments 2016 (% share)
    • Amazon
      • Table Amazon: Revenue generated by major operational segments 2016 (% share)
      • Table Pricing of Amazon Music and Prime Music as of 2016
    • Apple
      • Table Apple: Net sales by product 2016 (% share)
      • Table Apple: Net sales by geographical segments 2016 (% share)
      • Table Apple Music: Pricing as of 2016
    • Spotify
      • Table Spotify: Pricing as of 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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