The European online music streaming market is anticipated to grow at a considerable CAGR of 16.6% during the forecast period. High digitization and high disposable income is one of the primary growth driving factors in the region. Besides, the rise in the number of streaming service providers has also assisted in attracting customers by providing promotional offers and free trials. Further, the lockdown in countries owing to the COVID-19 and the large array of albums, songs, and podcasts provided by platforms also raised the demand for online music streaming in the global market.
The European online music streaming market is segmented based on service, content type, platform, end-user, and revenue model. Based on the service, the market is sub-segmented into on-demand online music streaming and live online music streaming. Based on the content type, the market is bifurcated into audio streaming and video streaming. Based on the platform the market is segmented into browsers and applications for online music streaming. The application-based market is expected to witness considerable growth in the region. Further, based on end-users the market is segmented into residential and commercial.
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European Online Music Streaming Market by Service
- On-Demand Streaming
- Live Streaming
By Content Type
- Audio Streaming
- Video Streaming
By Platform
- Browser
- Application
By End-User
- Residential
- Commercial
By Revenue Model
- Subscription
- Advertisement
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- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Regional Analysis
Company Profiles
- com, Inc.
- Apple, Inc.
- Deezer SA
- Google LLC
- Musixmatch
- Qobuz
- SoundCloud Ltd.
- Tidal (Aspiro AB)
- Yandex NV
- Xandrie SA
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