Cloud music is a new revolution in the music industry, which is expected to bring about drastic changes in music distribution and consumption. Mobile cloud music is a service in which customers can access music tracks on demand without actually purchasing them. Cloud also provides a facility to store owned albums and tracks. With this service, users can develop and maintain new range of tracks on cloud.
The global cloud music service market is expected to register 318 million subscribers by 2018. Growth in smart phone market and technologies like 3G and 4G are the key drivers for this growth. Increase in number of users accessing Offline Playback, Third Party Partnership, social networking and Cross Platform are also expected to drive this market in the future. Network connectivity, battery life and consumer spending are the restraints for this market.
Asia-Pacific is a growing regional market for cloud music as this sector is expected to grow with CAGR of about 77% from 2012 to 2018. Huge population, increasing sales of smart phones and rising disposable income in emerging countries like India and China are responsible for this growth.
This report gives the global market size, share, growth and forecast for the cloud music service market in the U.S, Europe, Asia-Pacific and ROW. This report also provides current and forecasted market size for the global smartphone market.
Major players in the global market include Spotify Ltd., Research In Motion, Google, PlusFourSix AB Inc., MOG Inc, Catch Media, Inc., Rhapsody International Inc., SugarSync Inc, Sony Network Entertainment International, Amazon, Apple, Inc., KKBOX Inc., among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This market research report analyzes important market segments, and major geographies. This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
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