DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/p6v4zb/global_mobile) has announced the addition of the "Global Mobile Streamed Music Market 2014-2018" report to their offering.
The Global Mobile Streamed Music market will grow at a CAGR of 29.2 percent over the period 2013-2018.
The growth of the Global Mobile Streamed Music market is driven by several major factors, one being the increasing use of smartphones. The growing penetration of smartphones is expanding the Global Mobile Streamed Music market as these devices are the most sought after platforms for accessing digital music. The availability of high-speed internet connectivity has also increased streaming and download activities.
Cloud computing provides consumers with legal access to music online and is rapidly being adopted by firms because it enhances portability, enabling subscribed users to access digital content stored in remote servers irrespective of the devices used. Listening to music initially was only possible using devices such as iPods. But the current scenario is witnessing consumers switching to an access-based approach, which consists of subscribing to digital music libraries stored in the cloud. Cloud-based music services such as iTunes Match have become a market reality and have increased the popularity of music downloads. Historically, companies such as Apple Inc., Google Inc., and Amazon Inc. have primarily focused on cloud music from a storage perspective, as a remote locker for downloaded tracks. Such developments are expected to help content companies generate higher revenue from digital fronts.
Further, the report states that one of the main challenges hampering market growth is piracy concerns. Piracy has always been a major issue for the Music industry, with the increasing use of torrents around the world to illegally download music.
Key Vendors
- Apple Inc.
- Google Inc.
- Microsoft Corp.
- Pandora Media Inc.
- Rdio Inc.
- Sony Corp.
- Spotify AB
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/p6v4zb/global_mobile
