When technology is used to record, store, and encode sound digital music has been created. Beyond it's creation, digital music is what then allows customers to listen or download music that artists are distributing for profit. As album sales have declined beyond repair, the distribution via streaming services is dominating the market deeming digital music an immoveable part of the landscape of today's music industry. A recent report conducted by TechNavio projects the Global Digital Market will grow at a Compound Annual Growth Rate (CAGR) of 14.61% between 2015 and 2019.
TechNavio's report, Global Digital Music Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Latin America, and the EMEA and APAC regions; it also covers the Global Digital Music market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key regions, vendors, market drivers, market challenges, and market trends analyzed in this report are as follows:
Key Regions
• APAC
• EMEA
• Latin America
• North America
Key Vendors
• Amazon.com
• Apple
• CBS
• Deezer
• EMI Music Publishing
• Fox Music Publishing
• Google
• Hungama Digital Media Entertainment
• Microsoft
• Sony
• Spotify
• Universal Music Group
Other Prominent Vendors
• Aspiro
• Beats Electronics
• Blinkbox Music
• Gaana.com
• Grooveshark
• Guvera
• Mixcloud
• Myspace
• Rara
• Rhapsody
• Saavn
• Slacke
• Songl
• SoundCloud
• Thumbplay
• TuneIn Radio
Market Driver
• Increase in Disposable Income among Consumers
• For a full, detailed list, view our report
Market Challenge
• Piracy Concerns
• For a full, detailed list, view our report
Market Trend
• Increase in Adoption of Cloud Services in Music Streaming
• For a full, detailed list, view our report
For more details, access the full report online.
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