U.S. Music Streaming Market Worth $2.7 Billion By 2019

MarketResearch.com has just released a report which forecasts the U.S. music streaming market to grow at a compounded annual growth rate (CAGR) of 20.5% between 2014-2019, driving market value to $2,780.1 million by the end of 2019. The U.S. has an anticipated CAGR of 20.5% for 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.

Key Vendors

• Apple
• Deezer
• Google
• Microsoft
• Pandora Media
• Rdio
• Spotify

Other Prominent Vendors

• CBS
• Clear Channel Radio
• Gaana.com
• Grooveshark
• Guvera
• Hungama MyPlay
• iHeart Media
• JB Hi-Fi
• Line
• Mixcloud
• News
• RadioTime
• Rara
• Rhapsody
• Saavn
• Samsung Music Hub
• Slacker
• SoundCloud

Market Driver

• Increase in Number of Subscription Services
• For a full, detailed list, view our report

Market Challenge

• Issues with Data Security

Sources: Hyperbot / MarketResearch.com
Image credit: Creative Common License