Report: Streaming Music In U.S.To Top $2.8 Billion By 2019
June 30, 2015 at 1:29 PM (PT)
With APPLE MUSIC launching its streaming music service today, the market is bullish on subscription music.
MARKETRESEARCH.COM has issued a report forecasting the U.S. music streaming market to grow at a CAGR of 20.5% between 2014-2019, driving market value to $2.78 billion by the end of 2019.
According to a report by publisher TECHNAVIO, global music streaming by key vendors such as APPLE, DEEZER, iHEARTMEDIA, SPOTIFY, PANDORA, TIDAL and RHAPSODY s expected to grow at a CAGR of 12.57% over the period of 2014-2019.
For 2014, the subscription services segment of online music streaming reached revenues of $799.0 million, equivalent to 73% of the market's overall value.
To learn more about the U.S. or global online music streaming markets, check out these reports here and here.
Both of these publishers are also available on www.profound.com, where subscribers are able to purchase only the individual sections, chapters, tables or charts of a report they need without having to pay for the pieces they don't.