The US online music streaming market is anticipated to grow at a considerable CAGR of 17.0% during the forecast period (2020-2026). The high purchasing power of the people in the country is one of the major factors for the growth of the market. Moreover, COVID-19 and related lockdowns in the country have also surged the market in 2020 in the country. Some of the major players operating in the country include Google LLC, Apple Inc., Spotify AB among others.
Google is one of the largest players in the music streaming industry operating mainly through YouTube. YouTube generates revenue through advertisement services as well as paid subscriptions. In 2019, as estimate, YouTube generated around $5.0 billion from ads alone and a large share of the overall advertisement is from music streaming. Besides, the company also earns from paid subscriptions. Spotify AB, one of the major online music streaming apps, generated a revenue of around $3.1 billion from the US in 2019 as compared to around $2.2 billion in 2019. The country holds the largest market for the company all across the globe for the last three years at least and similar trends are expected to be maintained during the forecast period.
Browse the full report description of "US Online Music Streaming Market Size, Share & Trends Analysis Report by Service (On-demand Streaming and Live Streaming), By Content Type (Audio Streaming and Video Streaming), By Platform (Browser and Application), By End User (Residential & Commercial), By Revenue Model (Subscription & Advertisement) Forecast Period 2020-2026" at https://www.omrglobal.com/industry-reports/us-online-music-streaming-market
Market Coverage
o By Service
o By Content-Type
o By Platform
o By End-User
o By Revenue Model
o US
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected segment
US Online Music Streaming Market Report Segment
By Service
By Content-Type
By Platform
By End-User
By Revenue Model
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