Top 32 Vendors in the Global Streaming Music Market: TechNavio Research

LONDON - April 24, 2014 - PRLog -- TechNavio, the independent tech-focused global research firm, has published a list of top vendors in the Global Mobile Streaming Music Market (http://www.technavio.com/blog/top-32-music-streaming-providers), which is posting a CAGR of 29.20 percent from 2013-2018.

Wider availability of decent data plans, and an upsurge in subscriptions services are just two factors driving this growth.

“The increasing integration of music streaming application with social media platforms like Facebook has increased music subscriptions significantly around the world,” says TechNavio Vice President, Faisal Ghaus.

The collaboration between Spotify and Facebook enables users to access Spotify via Facebook and share playlists with their friends.

“Subscription services like this are providing consumers with the benefit of choice. Also, the freemium business model is aimed at migrating free users to premium paid services while ensuring their sustainability, which is helping the Global Mobile Streaming Music Market as a whole.”

Additionally, integration of cloud services with streaming music 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. While portable music used to be the domain of MP3 players like iPods, the current scenario is witnessing consumers switching to an access-based approach, which consists of subscribing to digital music libraries stored in the cloud.

To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

If you are interested in more information on this topic and our upcoming research on the Global Mobile Streaming Music Market please e-mail media@TechNavio.com.

About TechNavio

TechNavio is a leading global technology research and advisory company. Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year. We cover more than 500 technologies across 80 countries.

We focus on emerging trends that can shape a market, and model these trends using a mix of quantitative and qualitative tools in our proprietary research methodologies in order to build forecasts across market segments and geographies. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a constantly changing technology market scenario.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

Our large and growing base of happy customers include technology suppliers, end users, consulting companies, investment firms, research institutes and media worldwide.

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