The North America Music Streaming Market would witness market growth of 14.3% CAGR during the forecast period (2020-2026). The increasing number of companies in the market and the rising adoption of smartphones in the world have affected the growth of the market. Moreover, the main companies of the market are aiming for the integration of advanced technologies like Augmented Reality (AR), Virtual Reality (VR), 5G for streaming, Artificial Intelligence (AI) and Hologram, in their music streaming platform to increase the competition in the market. For example, MelodyVR, a VR music platform has created a collection of live shows, recorded for streaming on VR headsets like Samsung Gear VR and Oculus Go, or iPhone and Android devices via its app. Similarly, Deezer, a music streaming platform provides a fully-embedded AR music experience to the customers, supported by a specially made Snapchat lens.
As per the RIAA, in 2019, the music streaming platforms held 80% of the total revenue produced by the recorded music industry in the U.S. Although, the privacy and security threat of the user’s databases may restrict the market growth to some extent during the forecast period. These kinds of threats are building a certain pressure on the companies and bring them under strict regulation. For example, in October 2018, the U.S government imposed the Music Modernization Act to upgrade and streamline the music licensing process for the music streaming platforms. This act is focused on keeping an eye on copyright-related issues related to digital streaming and music and audio recordings.
The live music and concert industry of the U.S has also registered significant growth in 2019, along with the trends on track for the year 2020. At the onset of the Covid-19 pandemic, many music events and concerts were canceled which further have a devastating financial impact on everyone. Many streaming platforms have exhibited additional responsibility because earlier, many artists relied on live music shows and concerts for their income, now they are relying on the income generated from these streaming platforms.
Based on Content Type, the market is segmented into Audio and Video. Based on Platform, the market is segmented into Apps and Browsers. Based on Service Type, the market is segmented into On-demand Streaming and Live Streaming. Based on End User, the market is segmented into Individual and Commercial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Music Streaming Market in North America is expected to register a CAGR of 14.3% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon.com, Inc., Apple, Inc., Google, Inc., Tencent Music Entertainment Group (Tencent Holdings Ltd.), Spotify Technologies S.A., SoundCloud Ltd., Sirius XM Holdings, Inc. (Pandora Media, Inc.), iHeartMedia, Inc. (Thomas H. Lee Partners), Deezer S.A. (Access Industries Holdings LLC) and Aspiro AB (Tidal)
Scope of the Study
Market Segments Covered in the Report:
By Content Type
By Platform
By Service Type
- On-demand Streaming
- Live Streaming
By End User
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- Amazon.com, Inc.
- Apple, Inc.
- Google, Inc.
- Tencent Music Entertainment Group (Tencent Holdings Ltd.)
- Spotify Technologies S.A.
- SoundCloud Ltd.
- Sirius XM Holdings, Inc. (Pandora Media, Inc.)
- iHeartMedia, Inc. (Thomas H. Lee Partners)
- Deezer S.A. (Access Industries Holdings LLC)
- Aspiro AB (Tidal)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Music Streaming Market, by Content Type
1.4.2 North America Music Streaming Market, by Platform
1.4.3 North America Music Streaming Market, by Service Type
1.4.4 North America Music Streaming Market, by End User
1.4.5 North America Music Streaming Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2016, Jan – 2020, Dec) Leading Players
Chapter 4. North America Music Streaming Market by Content Type
4.1 North America Music Streaming Audio Market by Country
4.2 North America Music Streaming Video Market by Country
Chapter 5. North America Music Streaming Market by End User
5.1 North America Individual Music Streaming Market by Country
5.2 North America Commercial Music Streaming Market by Country
Chapter 6. North America Music Streaming Market by Platform
6.1 North America Apps Music Streaming Market by Country
6.2 North America Browsers Music Streaming Market by Country
Chapter 7. North America Music Streaming Market by Service Type
7.1 North America On-demand Streaming Music Streaming Market by Country
7.2 North America Live Streaming Music Streaming Market by Country
Chapter 8. North America Music Streaming Market by Country
8.1 US Music Streaming Market
8.1.1 US Music Streaming Market by Content Type
8.1.2 US Music Streaming Market by End User
8.1.3 US Music Streaming Market by Platform
8.1.4 US Music Streaming Market by Service Type
8.2 Canada Music Streaming Market
8.2.1 Canada Music Streaming Market by Content Type
8.2.2 Canada Music Streaming Market by End User
8.2.3 Canada Music Streaming Market by Platform
8.2.4 Canada Music Streaming Market by Service Type
8.3 Mexico Music Streaming Market
8.3.1 Mexico Music Streaming Market by Content Type
8.3.2 Mexico Music Streaming Market by End User
8.3.3 Mexico Music Streaming Market by Platform
8.3.4 Mexico Music Streaming Market by Service Type
8.4 Rest of North America Music Streaming Market
8.4.1 Rest of North America Music Streaming Market by Content Type
8.4.2 Rest of North America Music Streaming Market by End User
8.4.3 Rest of North America Music Streaming Market by Platform
8.4.4 Rest of North America Music Streaming Market by Service Type
Chapter 9. Company Profiles
9.1 Amazon.com, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Product Launches and Product Expansions:
9.1.4.3 Geographical Expansions:
9.1.5 SWOT Analysis
9.2 Apple, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Product and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Google, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Geographical Expansions:
9.3.6 SWOT Analysis
9.4 Tencent Music Entertainment Group (Tencent Holdings Ltd.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Research & Development Expense
9.4.4 Recent strategies and developments:
9.4.4.1 Partnerships, Collaborations, and Agreements:
9.5 Spotify Technologies S.A.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Acquisition and Mergers:
9.6 SoundCloud Ltd.
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Partnerships, Collaborations, and Agreements:
9.6.2.2 Product Launches and Product Expansions:
9.6.2.3 Acquisition and Mergers:
9.7 Sirius XM Holdings, Inc. (Pandora Media, Inc.)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.8 iHeartMedia, Inc. (Thomas H. Lee Partners)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental And Regional Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Partnerships, Collaborations, and Agreements:
9.8.4.2 Product Launches and Product Expansions:
9.8.4.3 Acquisition and Mergers:
9.9 Deezer S.A. (Access Industries Holdings LLC)
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.9.2.2 Product Launches and Product Expansions:
9.9.2.3 Acquisition and Mergers:
9.10. Aspiro AB (Tidal)
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 North America Music Streaming Market, 2016 - 2019, USD Million
TABLE 2 North America Music Streaming Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Music Streaming Market
TABLE 4 Product Launches And Product Expansions– Music Streaming Market
TABLE 5 Acquisition and Mergers– Music Streaming Market
TABLE 6 North America Music Streaming Market by Content Type, 2016 - 2019, USD Million
TABLE 7 North America Music Streaming Market by Content Type, 2020 - 2026, USD Million
TABLE 8 North America Music Streaming Audio Market by Country, 2016 - 2019, USD Million
TABLE 9 North America Music Streaming Audio Market by Country, 2020 - 2026, USD Million
TABLE 10 North America Music Streaming Video Market by Country, 2016 - 2019, USD Million
TABLE 11 North America Music Streaming Video Market by Country, 2020 - 2026, USD Million
TABLE 12 North America Music Streaming Market by End User, 2016 - 2019, USD Million
TABLE 13 North America Music Streaming Market by End User, 2020 - 2026, USD Million
TABLE 14 North America Individual Music Streaming Market by Country, 2016 - 2019, USD Million
TABLE 15 North America Individual Music Streaming Market by Country, 2020 - 2026, USD Million
TABLE 16 North America Commercial Music Streaming Market by Country, 2016 - 2019, USD Million
TABLE 17 North America Commercial Music Streaming Market by Country, 2020 - 2026, USD Million
TABLE 18 North America Music Streaming Market by Platform, 2016 - 2019, USD Million
TABLE 19 North America Music Streaming Market by Platform, 2020 - 2026, USD Million
TABLE 20 North America Apps Music Streaming Market by Country, 2016 - 2019, USD Million
TABLE 21 North America Apps Music Streaming Market by Country, 2020 - 2026, USD Million
TABLE 22 North America Browsers Music Streaming Market by Country, 2016 - 2019, USD Million
TABLE 23 North America Browsers Music Streaming Market by Country, 2020 - 2026, USD Million
TABLE 24 North America Music Streaming Market by Service Type, 2016 - 2019, USD Million
TABLE 25 North America Music Streaming Market by Service Type, 2020 - 2026, USD Million
TABLE 26 North America On-demand Streaming Music Streaming Market by Country, 2016 - 2019, USD Million
TABLE 27 North America On-demand Streaming Music Streaming Market by Country, 2020 - 2026, USD Million
TABLE 28 North America Live Streaming Music Streaming Market by Country, 2016 - 2019, USD Million
TABLE 29 North America Live Streaming Music Streaming Market by Country, 2020 - 2026, USD Million
TABLE 30 North America Music Streaming Market by Country, 2016 - 2019, USD Million
TABLE 31 North America Music Streaming Market by Country, 2020 - 2026, USD Million
TABLE 32 US Music Streaming Market, 2016 - 2019, USD Million
TABLE 33 US Music Streaming Market, 2020 - 2026, USD Million
TABLE 34 US Music Streaming Market by Content Type, 2016 - 2019, USD Million
TABLE 35 US Music Streaming Market by Content Type, 2020 - 2026, USD Million
TABLE 36 US Music Streaming Market by End User, 2016 - 2019, USD Million
TABLE 37 US Music Streaming Market by End User, 2020 - 2026, USD Million
TABLE 38 US Music Streaming Market by Platform, 2016 - 2019, USD Million
TABLE 39 US Music Streaming Market by Platform, 2020 - 2026, USD Million
TABLE 40 US Music Streaming Market by Service Type, 2016 - 2019, USD Million
TABLE 41 US Music Streaming Market by Service Type, 2020 - 2026, USD Million
TABLE 42 Canada Music Streaming Market, 2016 - 2019, USD Million
TABLE 43 Canada Music Streaming Market, 2020 - 2026, USD Million
TABLE 44 Canada Music Streaming Market by Content Type, 2016 - 2019, USD Million
TABLE 45 Canada Music Streaming Market by Content Type, 2020 - 2026, USD Million
TABLE 46 Canada Music Streaming Market by End User, 2016 - 2019, USD Million
TABLE 47 Canada Music Streaming Market by End User, 2020 - 2026, USD Million
TABLE 48 Canada Music Streaming Market by Platform, 2016 - 2019, USD Million
TABLE 49 Canada Music Streaming Market by Platform, 2020 - 2026, USD Million
TABLE 50 Canada Music Streaming Market by Service Type, 2016 - 2019, USD Million
TABLE 51 Canada Music Streaming Market by Service Type, 2020 - 2026, USD Million
TABLE 52 Mexico Music Streaming Market, 2016 - 2019, USD Million
TABLE 53 Mexico Music Streaming Market, 2020 - 2026, USD Million
TABLE 54 Mexico Music Streaming Market by Content Type, 2016 - 2019, USD Million
TABLE 55 Mexico Music Streaming Market by Content Type, 2020 - 2026, USD Million
TABLE 56 Mexico Music Streaming Market by End User, 2016 - 2019, USD Million
TABLE 57 Mexico Music Streaming Market by End User, 2020 - 2026, USD Million
TABLE 58 Mexico Music Streaming Market by Platform, 2016 - 2019, USD Million
TABLE 59 Mexico Music Streaming Market by Platform, 2020 - 2026, USD Million
TABLE 60 Mexico Music Streaming Market by Service Type, 2016 - 2019, USD Million
TABLE 61 Mexico Music Streaming Market by Service Type, 2020 - 2026, USD Million
TABLE 62 Rest of North America Music Streaming Market, 2016 - 2019, USD Million
TABLE 63 Rest of North America Music Streaming Market, 2020 - 2026, USD Million
TABLE 64 Rest of North America Music Streaming Market by Content Type, 2016 - 2019, USD Million
TABLE 65 Rest of North America Music Streaming Market by Content Type, 2020 - 2026, USD Million
TABLE 66 Rest of North America Music Streaming Market by End User, 2016 - 2019, USD Million
TABLE 67 Rest of North America Music Streaming Market by End User, 2020 - 2026, USD Million
TABLE 68 Rest of North America Music Streaming Market by Platform, 2016 - 2019, USD Million
TABLE 69 Rest of North America Music Streaming Market by Platform, 2020 - 2026, USD Million
TABLE 70 Rest of North America Music Streaming Market by Service Type, 2016 - 2019, USD Million
TABLE 71 Rest of North America Music Streaming Market by Service Type, 2020 - 2026, USD Million
TABLE 72 Key Information – Amazon.com, Inc.
TABLE 73 Key Information – Apple, Inc.
TABLE 74 Key Information – Google, Inc.
TABLE 75 Key Information – Tencent Music Entertainment Group
TABLE 76 Key Information – Spotify Technologies S.A.
TABLE 77 key Information – SoundCloud Ltd.
TABLE 78 Key Information – Sirius XM Holdings, Inc.
TABLE 79 Key Information – iHeartMedia, Inc.
TABLE 80 Key Information – Deezer S.A.
TABLE 81 Key Information – Aspiro AB
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2016, Jan – 2020, Dec) Leading Players
FIG 5 Recent strategies and developments: Amazon.com, Inc.
FIG 6 SWOT analysis: Amazon.com, Inc.
FIG 7 Recent strategies and developments: Apple, Inc.
FIG 8 SWOT Analysis: apple, Inc.
FIG 9 Recent strategies and developments: Google, Inc.
FIG 10 SWOT Analysis: Alphabet Inc. (Google Inc.)
FIG 11 Recent strategies and developments: Spotify Technologies S.A.
FIG 12 Recent strategies and developments: SoundCloud Ltd.
FIG 13 Recent strategies and developments: Sirius XM Holdings Ltd.
FIG 14 Recent strategies and developments: iHeartMedia, Inc.
FIG 15 Recent strategies and developments: Deezer S.A.