The COVID-19 outbreak in 2020 prompted most countries to implement lockdowns in order to keep the virus from spreading. This resulted in an increase in the number of subscribers to music streaming services like Spotify, Tencent Music Entertainment, and Amazon Music. Furthermore, the number of subscribers who engage in live streaming on platforms such as Instagram and YouTube has increased. Video content was already being streamed more frequently than audio content in the United States. During the pandemic, however, it grew in popularity. As a result, COVID-19 has had a significant impact on the growth of the music streaming market.
Music-on-demand is a music distribution model conceived with the growth of two-way computing, telecommunications and the Internet in the early 1990s.
Based on the Music on Demand market development status, competitive landscape and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks and comprehensive competitive strategy analysis in different fields. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics and structure analysis of the downstream application fields are all analyzed in detail. To Boost Growth during the epidemic era, this report analyzes in detail for the potential risks and opportunities which can be focused on.
The increasing use of 5G connectivity has become one of the most popular market trends. Amazon has taken advantage of this opportunity by launching a new music HD service that will provide lossless music streams and downloads to music fans in the United States, the United Kingdom, Germany, and Japan. Companies will be able to offer high-fidelity music streams as 5G technology becomes more widely adopted, thanks to its ability to send data several times faster than 4G. Virtual Reality (VR), Augmented Reality (AR), and hologram concerts are expected to gain popularity for live streaming music videos. Such developments are propelling the market forward.
Music streaming services are platforms that allow users to watch music videos, listen to podcasts, and stream audio files. These platforms offer a variety of features, such as easy access to applications, song recommendations, browsers, and automatic playlist customization.
Users can use these services to download songs for offline listening. Some newly launched services allow users to upload their own music playlists to the cloud, which is commonly referred to as the'music locker.
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Key players in the global Music on Demand market
Rdio
Microsoft
YinYueTai
NetEase Cloud Music
Apple Music
KuGou
Amazon Prime Music
Google Play Music
Deezer
Pandora Media
QQ Music
CBS
Spotify
Clear Channel Radio
on the basis of types, the Music on Demand market
Radio stations
On-demand services
on the basis of applications, the Music on Demand market ers:
Commercial use
Household
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2025) of the following regions are
North America
United States
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Others
Asia-Pacific
China
Japan
South Korea
Australia
India
South America
Brazil
Argentina
Columbia
Middle East and Africa
UAE
Egypt
South Africa
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