Indian Online Music Streaming Market Size, Industry Trends, Share and Forecast 2020-2026

The Indian online music streaming market is anticipated to grow at a considerable CAGR of 19.1% during the forecast period (2020-2026). The market growth is mainly attributed to the increasing smartphone penetration with the rise in internet penetration across the country. Further, the reduction in the cost of mobile internet has positively impacted the market as well. In 2020, owing to the lockdown in the country concerning the COVID-19 pandemic and rise in the popularity of regional content is assisting the market growth as well. According to Gamma Gaana, Ltd., regional music accounts for more than 35% of music streaming consumption in the country, where more than half of all users living in smaller cities and rural areas. Further, as per the music application, the country’s music streaming users will increase to 600 million by 2023 owing to the demand for regional content.

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However, there are very few people who are ready to pay for music or content in the country. Most platforms in the country offer full catalogs of albums and songs with few advertisements in between. This compels platforms to rely on ad revenues, hence sowing the market growth in the country.

Market Coverage

  • The market number available for – 2019-2026
  • Base year- 2019
  • Forecast period- 2020-2026

Segment Covered- 

  • By Service
  • By Content-Type
  • By Platform
  • By End-User
  • By Revenue Model

Regions Covered-

  • India
  • Competitive Landscape- Amazon.com, Inc., Apple, Inc., Gamma Gaana Ltd, Google LLC., Spotify AB, Saavn Media Pvt. Ltd.

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A full Report of Indian Online Music Streaming Market is Available at:   https://www.omrglobal.com/industry-reports/indian-online-music-streaming-market

Indian Online Music Streaming Market Report Segment

By Service

  • On-Demand streaming
  • Live Streaming

By Content-Type

  • Audio Streaming
  • Video Streaming

By Platform

  • Browsers
  • Applications

By End-User 

  • Residential
  • Commercial

By Revenue Model

  • Subscription
  • Advertisement

Company Profiles

  • Airtel Digital,Ltd.
  • Amazon.com, Inc.
  • Apple, Inc.
  • Gamma Ganaa, Ltd.
  • Google, LLC.
  • Hungama Digital Media Entertainment Pvt. Ltd.
  • Saavn Media Pvt Ltd.
  • SoundCloud Ltd.
  • Spotify AB.

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  1. We cover more than 15 major industries, further segmented into more than 90 sectors.
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  3. Over 100+ paid data sources mined for investigation.
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