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
- 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
