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Global Digital Music Content Market 2016-2020

Global Digital Music Content Market 2016-2020

About Music

Music by service can be broadly classified into two categories:

  • Access music
  • Ownership music
In this kind of music, the user has access to soundtracks with the help of digital music content websites, generally on a monthly subscription and free-to-access mode. However, the user cannot store it either in physical or in digital form. Spotify is an example of such service.

Technavio’s analysts forecast the global digital music content market to grow at a CAGR of 8.73% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global digital music content market for 2016-2020. To calculate the market size, the report considers the revenue generated from the digital music content market by different regions.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
Technavio's report, Global Digital Music Content Market 2016-2020, 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
  • Apple
  • Deezer
  • Google
  • iHeartMedia
  • Pandora Media
  • Spotify
Other prominent vendors
  • CBS
  • Gaana
  • Guvera
  • Hungama MyPlay
  • Line Music
  • Mixcloud
  • Napster
  • RadioTime
  • Saavn
  • SoundCloud
Market driver
  • Initiatives to curb piracy
  • For a full, detailed list, view our report
Market challenge
  • Value gap due to exemption from safe harbor rules
  • For a full, detailed list, view our report
Market trend
  • Replacement of digital music records
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 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 Digital Music Content Market 2016-2020

Technavio recognizes the following companies as the key players in the global digital music content market: Apple, Deezer, Google, iHeartMedia, Pandora Media, and Spotify.

Other Prominent Vendors in the market are: CBS, Gaana, Guvera, Hungama MyPlay, Line Music, Mixcloud, Napster, RadioTime, Saavn, and SoundCloud.

Commenting on the report, an analyst from Technavio’s team said: “Wearable technology is an emerging trend in the global music streaming market. Smartphone manufacturers are investing heavily in wearable devices to give the users an overall experience. For instance, the Apple Watch, along with displaying time, helps users track health, access maps, Wi-Fi, Bluetooth, music, and sync with their iPhone. Another example is Rusty's wired series, which is a hoody with earphones that double as the elastic strings of the hood. It reduces the hassle of wearing headphones while listening to music.”

According to the report, music artists have become a vital part of the social networking websites. Recording companies facilitate this by helping artists create the content to increase their fan base. In April 2016, seven of the top 10 most followed people on Twitter, seven of the top 20 most liked people on Facebook, and five of the top 10 most followed people on Instagram were music artists. The industry is also helping in driving the revenue generated by these social networking sites. For example, Twitter’s market capitalization in February 2016 hit $12.3 billion while Instagram, owned by Facebook, generated revenues of $35 billion. The music market is one of the major drivers for the growing popularity of YouTube.

Further, the report states that piracy is one of the major challenges faced by the digital music content market. Pirated versions of almost every soundtrack released in the market is available on the internet or through pirated DVDs. Consumers get access to these pirated copies either through various websites for free or purchase of a pirated DVD at nominal price. Piracy drastically affects the revenue of music companies and reduces the profit margin for distributors. It also hampers the market value of the artists associated with the music content since their bona fide content is available free of cost to a wide variety of consumers.

Companies Mentioned

Apple, Deezer, Google, iHeartMedia, Pandora Media, Spotify, CBS, Gaana, Guvera, Hungama MyPlay, Line Music, Mixcloud, Napster, RadioTime, Saavn, SoundCloud.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Segments included in the report
    • Customer segments
    • Base year
    • Vendor segmentation
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Industry Overview
    • Evolution of global music industry
      • Table Evolution of global music industry
    • Type of music by service
    • Distribution of revenue generated from digital music content
      • Table Distribution of revenue generated from music streaming 2015
  • Market landscape
    • Market size and forecast
      • Table Global digital music content market size and forecast 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • By permanent downloads
      • Table Global digital music content market by downloads 2015-2020 ($ billions)
    • By music streaming
      • Table Global digital music content market by downloads (2015-2020) $ billions
  • Market segmentation by age group
    • Global digital music market by age group
      • Table Global digital music market by age group 2015
  • Geographical segmentation
    • Global digital music content market by region
      • Table Global digital music content market share by region 2015-2020
    • Digital music content market in Americas
      • Table Digital music content market in Americas: Market size and forecast 2015-2020 ($ billions)
    • Digital music content market in APAC
      • Table Digital music content market size and forecast in APAC 2015-2020 ($ billions)
    • Digital music content market in EMEA
      • Table Digital music content market in EMEA: Market size and forecast 2015-2020 ($ billions)
  • Key leading countries
    • Table Germany: Economic scenario 2015
    • Table Sweden: Economic scenario 2015
    • Table US: Economic scenario 2015
  • Buying criteria
    • Table Buying criteria
  • Market drivers
    • Support from social networking websites
      • Table Top 10 most followed people on Twitter 2015 (millions)
    • Initiatives to curb piracy
    • Low entry barriers for content developers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Widespread piracy
    • Value gap due to exemption from safe harbor rules
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Globalization of music streaming services
    • Replacement of digital music records
    • Rise in demand for wearable music devices
  • Vendor landscape
    • Competitive scenario
      • Table Number of active users by vendor 2015 (millions)
      • Table Recent developments in digital music content industry by vendors
    • Key vendor analysis
      • Table Deezer: Key compatible devices
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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