Sandlerresearch.org offers Global Digital Music Market 2014-2019 a new market research report of 123 pages in its store. The report says Global Digital Music market to grow at a CAGR of 14.61% over the period 2014-2019.DALLAS, Jan. 19, 2015 — (PRNewswire) —
DALLAS, Jan. 19, 2015 /PRNewswire-iReach/ -- One of the major trends emerging in the Digital Music market is an increase in the adoption of cloud services for music streaming. This gives vendors the flexibility of scaling and avoids the need to maintain a physical data server. Also, it gives listeners the flexibility to store their music on the cloud and access it from any connected device. Analysts forecast the Global Digital Music market to grow at a CAGR of 14.61% over the period 2014-2019.
In digital music, the sound is encoded in a digital format. The technology used records, stores, and generates music in digital form. The digital music service allows customers to listen to and download music. High-quality music is made available for purchase, access, and play back by the service provider. In this type of service, the service provider purchases digital rights from music recording companies. The service is provided through a network service, wherein the user pays a subscription fee, pays per download, or accesses the music free of charge from an ad-based streaming model. The user can also download music and playlists directly to a smartphone for offline listening on the go without requiring the use of the internet.
According to the report, the growth in disposable incomes, especially in developing countries such as China, is one of the major drivers of this market. With more spending power, people choose leisure and entertainment activities.
The "Global Digital Music Market 2014-2019" report covers the present scenario and the growth prospects of the Global Digital Music market for the period 2015-2019. To calculate market size, the report considers revenue generated by the services provided by the market vendors. The market calculation, however, does not include online radio streaming services. The report also provides the market size based on user base.
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This report on Global Digital Music Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Latin America, and the EMEA and APAC regions; it also covers the Global Digital Music market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key Regions: APAC, EMEA, Latin America and North America
Market Driver: Increase in Disposable Income among Consumers
Market Challenge: Piracy Concerns
Market Trend: Increase in Adoption of Cloud Services in Music Streaming
Market Segmentation by Type: Download, Subscription and Streaming
Market Segmentation by Platform: Smartphones/Tablets, PCs/Laptops and Others
Key Leading Countries: US and Japan
The report recognizes the following companies as the key players in the Global Digital Music Market: Amazon.com Inc., Apple Inc., CBS Inc., Deezer, EMI Music Publishing Ltd., Fox Music Publishing, Google Inc., Hungama Digital Media Entertainment Pvt. Ltd., Microsoft Corp., Sony Corp., Spotify Ltd. and Universal Music Group Recordings Inc.
Other Prominent Vendors in the market are: Aspiro, Beats Electronics, Blinkbox Music, Gaana.com, Grooveshark, Guvera, Mixcloud, Myspace, Rara, Rhapsody, Saavn, Slacker Radio, Songl, SoundCloud, Thumbplay and TuneIn Radio.
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Further, the report states that growing piracy of digital music using torrents and illegal downloading websites is a major challenge that the market faces. It has been estimated that one in four internet users is using unapproved modes to access music illegally; half of these utilize peer-to-peer systems, whereas the other half download music through websites, blogs, and stream-ripping applications, among other ways.
Key Questions Answered in this Report: What will the market size be in 2019 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?
Other Related Reports:
Global Music and Video Market 2014-2018: According to the report, one of the key factors influencing the growth of the Global Music and Video market is an upsurge in subscription services for the digital formats of music and video. The rise of social media platforms such as Facebook has led to an increase in music subscriptions worldwide as more music streaming applications are integrated with social network sites
The report recognizes the following companies as the key players in Global Music and Video Market: Amazon.com Inc., Apple Inc., Google Inc., Microsoft Corp., Rdio Inc., Sony Corp., Spotify AB, Aspiro, Beats Electronics LLC, Bertelsmann SE & Co. KGaA, Best Buy Co. Inc., Blinkbox Music, Carrefour SA, Deezer, Entertainment One Ltd., Gaana.com, Grooveshark, Guvera, HMV Retail Ltd., Hungama MyPlay, Indigo Books & Music Inc., JB Hi-Fi Pty Ltd, Last.fm, Metro AG, Mixcloud, MOG, Myspace LLC, Nokia Mixradio, Rara, Rhapsody, Saavn LLC, Samsung Music Hub, Slacke, Songl, Songza, SoundCloud, Thumbplay, TuneIn Radio, Wal-Mart Stores Inc., We Are Hunted.
Global Music on Demand Market 2014-2018: Analysts forecast the Global Music on Demand market will grow at a CAGR of 20.64% over the period 2013-2018. The Global Music on Demand market can be segmented into five types: Download, Subscription, Ad-based Streaming, Mobile and Others. These are types of music on demand services. This report covers the present scenario and the growth prospects of the Global Music on Demand market for the period 2014-2018. To calculate market size, the report considers revenue generated by the services provided by the market vendors. The market calculation, however, does not include online radio streaming services. The report also provides a market size based on its user base.
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