The North American online music streaming market is anticipated to grow at a considerable CAGR of 16.8% during the forecast period. The rise in popularity of music streaming services and awareness regarding online music streaming services is attributed to the growth of the market in North America. Further, the rise in the adoption of smart devices and attractive promotional offers provided by the platforms are fuelling the market growth as well. Most platforms are using and AI & ML solutions to provide user seamless experience by recommending accurate songs and suggesting customized playlists. This makes a hassle-free user experience further propelling the market growth.

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The North American online music streaming market is segmented based on service, content type, platform, end-user, and revenue model. Based on the service, the market is sub-segmented into on-demand online music streaming and live online music streaming. Based on the content type, the market is bifurcated into audio streaming and video streaming. Based on the platform the market is segmented into browsers and applications for online music streaming. Further, based on end-users the market is segmented into residential and commercial.

The key players of the North American online music streaming market are Amazon.com, Inc., Apple, Inc., Deezer SA, Google LLC., iHeartMedia, Inc., Jango, Inc., LiveXLive, Corp., and Pandora Media, Inc. among others. Owing to increasing competition in the market, the players in the market are adopting various strategies such as mergers and acquisitions and partnership and collaboration that tend to fuel market growth in the near future.

Research Methodology

The market study of the North American online music streaming market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring more authenticity to reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for digital media companies, music companies, software companies, seed funders, venture capitalists, start-ups, research organizations, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. North American Online Music Streaming Market Research and Analysis by Service
2. North American Online Music Streaming Market Research and Analysis by Content-Type
3. North American Online Music Streaming Market Research and Analysis by Platform
4. North American Online Music Streaming Market Research and Analysis by End-User
5. North American Online Music Streaming Market Research and Analysis by Revenue Model 
   

The Report Covers

• Comprehensive research methodology of the North American online music streaming market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American online music streaming market.
• Insights about market determinants that are stimulating the North American online music streaming industry.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.