Streaming Behind the $21Bn Mobile Music Market in 2021

BOSTON, Feb. 3, 2015 /PRNewswire/ -- Strategy Analytics' "Global Mobile Music Market Forecast (2001-2021)" predicts that the total market value will grow from $12.8Bn in 2014 to $21.3Bn in 2021, driven by the combined effect of the ascendency of mobile music streaming (paid subscription and ad-funded free listening) in all markets, the transition from physical to digital music consumption in Japan, and the increasing consumption of legal music content by mobile users in China and other emerging markets.

Click here for the forecast: http://bit.ly/16cMcZS

Click here for additional analysis in the report "Love It Or Hate It, Mobile Music Is In Full Stream": http://bit.ly/1yzjMRM

The increasing popularity of mobile music streaming has been a trend across different markets, but other kinds of mobile music consumption do not just go away.

"Over the last two years, we have witnessed a fast growth in both demand for and supply of mobile music streaming services in particular in North America and Western Europe, which is coupled by a slow decline in pay-per-download sales," said Nitesh Patel, Director, Wireless Media Strategies (WMS). "The popularity of streaming services is also seen in Asia Pacific, Eastern Europe and Latin America, though in these markets the sales from pay per download are still growing, albeit at a slower pace.  On the supply side, in addition to the familiar names like Spotify and Deezer that continue to expand, including through partnerships with mobile carriers and device makers in different markets, there are also local services that have experienced fast growth as well, like Saavn and Gaana in India and Tencent in China.  We expect the trends to continue in the forecast period."

"Meanwhile, we have also seen the slowdown in the highly profitable personalization services, like ringtone and ringback tone selling offered by mobile operators, particularly from China and other Asian markets," said Wei Shi, Analyst in the Wireless Media Strategies research program. "There are promising signs that Chinese consumers are embracing mobile streaming and more of them are consuming legal content.  In Japan, the world's second largest music market, the mode of music consumption is transitioning from physical to digital.  With smartphone penetration increasing, we expect the pace of transition to accelerate, which will provide a new impetus to the growth of the global mobile music market."       

About Strategy Analytics

Strategy Analytics, Inc. provides the competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies. With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success. www.StrategyAnalytics.com 

European Contact: Wei Shi, +44 1908 423627, [email protected]

US Contact: David Kerr, +1 617 614 0720, [email protected]

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SOURCE Strategy Analytics

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