New York, NY -- (SBWire) -- 11/28/2018 --The T-Series operates the world's most watched YouTube channel and puts its music there before it appears anywhere else. Other record companies, including Sony Music, declined to comment.
Spotify is stepping up its international expansion and has just introduced its streaming services to 13 regions in the Middle East and North Africa. But these will not provide a big market like India, which is one of the three major music markets that Spotify has not yet operated. (The other two are South Korea and China.) Only how many Indians are willing to pay for music streaming is still an open question. Streaming services have about 100 million users in India, but the service costs are small. The country's most popular online music source is YouTube, which offers free bottomless music videos.
The Spotify program relies heavily on its free tiers to attract new customers and then convert them into paid subscriptions, a strategy that has already played a role in other markets. But major brands are trying to control Spotify's use of free tiers, hoping to guide customers as much as possible to purchase more profitable paid
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Companies Profiled in this report includes:
Amazon.com,
Apple
Google
CBS
Microsoft
Sony
Deezer
EMI Music Publishing
Fox Music Publishing
Spotify
Hungama Digital Media Entertainment,
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In the overview section of the market, the reports gives a gist of the qualitative analysis of the overall Digital Music market. Growth rates of all the segments within the market have been firm on the global as well as a regional front. In addition to this, the readers are allowed to gauge the most promising or profitable areas for investments in the market according to the end-users, countries and other criteria's as well. A thorough analysis of these factors has been undertaken for determining the future growth.
Market Driver
Increase in Disposable Income among Consumers
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Market Challenge
Piracy Concerns
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Market Trend
Increase in Adoption of Cloud Services in Music Streaming
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The streaming market can see tremendous growth not only in Southeast Asia and the Pacific, but also in China, thanks to the increased adoption of free streaming music applications such as Joox, Saavn and Gaana. Developing countries will also have high growth opportunities.
Table of Contents:
Global Digital Music Market Research Report 2018-2025
Chapter 1: Digital Music Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Digital Music Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Digital Music Market Effect Factors Analysis
Chapter 12: Global Digital Music Market Forecast.
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