The US online music streaming market is anticipated to grow at a lucrative CAGR of 17.0% during the forecast period. High smartphone penetration, high average time on the internet, and high expenses on the mobile application by the young population are some of the major factors for the significant market of the market in the country. Moreover, streaming service providers has also increased in the couple of years which is also augmenting the market growth in the country. 

The US 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. On-demand segment holds the major market share however a rise in live music streaming is also witnessed in the country. Based on the content type, the market is bifurcated into audio streaming and video streaming. Video streaming holds a large market chuck owing to the high revenue of Google-owned YouTube in music streaming in the US. Based on the platform the market is segmented into browsers and applications online music streaming. Application-based music streaming will offer significant growth during the forecast period. Further, based on end-users the market is segmented into residential and commercial.

Visit for Global Online Music Streaming Market Report at: https://www.omrglobal.com/industry-reports/online-music-streaming-market

The key players of the US online music streaming market include Amazon.com, Inc., Apple, Inc., Deezer SA, Google LLC., iHeartMedia, Inc., Jango, Inc., LiveXLive, Corp., and Pandora Media, Inc. Owing to increasing competition in the market, the players in the market adopting various strategies such as mergers and acquisitions and partnership and collaboration that tend to fuel market growth in the near future. For instance, YouTube introduced a premium subscription in May 2018 for offering ad-free music to its users. 

Research Methodology

The market study of the US 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. US Online Music Streaming Market Research and Analysis by Service
2. US Online Music Streaming Market Research and Analysis by Content-Type
3. US Online Music Streaming Market Research and Analysis by Platform
4. US Online Music Streaming Market Research and Analysis by End-User
5. US Online Music Streaming Market Research and Analysis by Revenue Model

The Report Covers

• Comprehensive research methodology of the US 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 US online music streaming industry.
• Insights about market determinants that are stimulating the US online music streaming market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.