Online Music Streaming in Australia
Description
Online>Music>Streaming>in>Australia
Summary
>Online>Music>Streaming>in>Australia>industry>profile>provides>top-line>qualitative>and>quantitative>summary>information>including:>market>share,>market>size>(value>and>volume>2019-24,>and>forecast>to>2029).>The>profile>also>contains>descriptions>of>the>leading>players>including>key>financial>metrics>and>analysis>of>competitive>pressures>within>the>market.
Key>Highlights
Summary
>Online>Music>Streaming>in>Australia>industry>profile>provides>top-line>qualitative>and>quantitative>summary>information>including:>market>share,>market>size>(value>and>volume>2019-24,>and>forecast>to>2029).>The>profile>also>contains>descriptions>of>the>leading>players>including>key>financial>metrics>and>analysis>of>competitive>pressures>within>the>market.
Key>Highlights
- The>online>music>streaming>market>includes>the>revenue>generated>from>the>streaming>of>music>online.>This>revenue>is>primarily>generated>from>two>sources:>subscription>services>and>ad-supported>streams.>Subscription>service>charges>are>generally>paid>monthly>or>annually>by>users>who>want>to>access>exclusive>content>or>avoid>ads>while>listening.>Ad-supported>streams,>on>the>other>hand,>are>free>to>use>but>display>ads>during>the>streaming>experience.
- The>Australian>online>music>streaming>market>recorded>revenues>of>$578.7>million>in>2024,>representing>a>compound>annual>growth>rate>(CAGR)>of>10.2%>between>2019>and>2024.
- The>subscription>services>segment>accounted>for>the>market's>largest>proportion>in>2024,>with>total>revenues>of>$509.1>million,>equivalent>to>88.0%>of>the>market's>overall>value.
- In>2024,>the>Australian>online>music>streaming>market>experienced>an>annual>growth>of>8.0%.>The>market’s>strong>growth>is>driven>by>the>increased>number>of>internet>users.>According>to>the>World>Bank,>in>2024,>the>internet>users>in>Australia>reached>25.9>million,>up>2.2%>from>2023.>This>increase>in>internet>users>enabled>consumers>to>gain>access>to>seamless>online>music>streaming>rather>than>relying>on>physical>media>or>downloads.
- Save>time>carrying>out>entry-level>research>by>identifying>the>size,>growth,>major>segments,>and>leading>players>in>the>online>music>streaming>market>in>Australia
- Use>the>Five>Forces>analysis>to>determine>the>competitive>intensity>and>therefore>attractiveness>of>the>online>music>streaming>market>in>Australia
- Leading>company>profiles>reveal>details>of>key>online>music>streaming>market>players’>global>operations>and>financial>performance
- Add>weight>to>presentations>and>pitches>by>understanding>the>future>growth>prospects>of>the>Australia>online>music>streaming>market>with>five>year>forecasts>by>both>value>and>volume
- What>was>the>size>of>the>Australia>online>music>streaming>market>by>value>in>2024?
- What>will>be>the>size>of>the>Australia>online>music>streaming>market>in>2029?
- What>factors>are>affecting>the>strength>of>competition>in>the>Australia>online>music>streaming>market?
- How>has>the>market>performed>over>the>last>five>years?
- Who>are>the>top>competitors>in>Australia's>online>music>streaming>market?
Table of Contents
36 Pages
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the recent developments in the market?
- 8 Company Profiles
- 8.1. Spotify AB
- 8.2. Apple Inc
- 8.3. YouTube LLC
- 8.4. Amazon.com Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Australia online music streaming market value: $ million, 2019-24
- Table 2: Australia online music streaming market category segmentation: % share, by value, 2019-24
- Table 3: Australia online music streaming market category segmentation: $ million, 2019-24
- Table 4: Australia online music streaming market geography segmentation: $ million, 2024
- Table 5: Australia online music streaming market value forecast: $ million, 2024-29
- Table 6: Spotify AB: Key Facts
- Table 7: Spotify AB: Key Employees
- Table 8: Apple Inc: Key Facts
- Table 9: Apple Inc: Annual Financial Ratios
- Table 10: Apple Inc: Key Employees
- Table 11: YouTube LLC: Key Facts
- Table 12: YouTube LLC: Key Employees
- Table 13: Amazon.com Inc: Key Facts
- Table 14: Amazon.com Inc: Annual Financial Ratios
- Table 15: Amazon.com Inc: Key Employees
- Table 16: Australia Size of Population (Million), 2020-24
- Table 17: Australia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
- Table 18: Australia GDP (Current Prices, $ Billion), 2020-24
- Table 19: Australia Inflation, 2020-24
- Table 20: Australia Consumer Price Index (Absolute), 2020-24
- Table 21: Australia Exchange Rate, 2019-24
- List of Figures
- Figure 1: Australia online music streaming market value: $ million, 2019-24
- Figure 2: Australia online music streaming market category segmentation: $ million, 2019-24
- Figure 3: Australia online music streaming market geography segmentation: % share, by value, 2024
- Figure 4: Australia online music streaming market value forecast: $ million, 2024-29
- Figure 5: Forces driving competition in the online music streaming market in Australia, 2024
- Figure 6: Drivers of buyer power in the online music streaming market in Australia, 2024
- Figure 7: Drivers of supplier power in the online music streaming market in Australia, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the online music streaming market in Australia, 2024
- Figure 9: Factors influencing the threat of substitutes in the online music streaming market in Australia, 2024
- Figure 10: Drivers of degree of rivalry in the online music streaming market in Australia, 2024
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