Digital Music Content Market Growth, Demand, Price, Opportunity and Analysis to 2020

Technavio Announces the Publication of its Research Report Global Digital Music Content Market 2016-2020

Technavio recognizes the following companies as the key players in the global digital music content market: Apple, Deezer, Google, iHeartMedia, Pandora Media, and Spotify.

Other Prominent Vendors in the market are: CBS, Gaana, Guvera, Hungama MyPlay, Line Music, Mixcloud, Napster, RadioTime, Saavn, and SoundCloud.

Browse full report with TOC@ https://marketreportscenter.com/reports/388414/global-digital-music-content-market-2016-2020

Commenting on the report, an analyst from Technavios team said: Wearable technology is an emerging trend in the global music streaming market. Smartphone manufacturers are investing heavily in wearable devices to give the users an overall experience. For instance, the Apple Watch, along with displaying time, helps users track health, access maps, Wi-Fi, Bluetooth, music, and sync with their iPhone. Another example is Rusty's wired series, which is a hoody with earphones that double as the elastic strings of the hood. It reduces the hassle of wearing headphones while listening to music.”

According to the report, music artists have become a vital part of the social networking websites. Recording companies facilitate this by helping artists create the content to increase their fan base. In April 2016, seven of the top 10 most followed people on Twitter, seven of the top 20 most liked people on Facebook, and five of the top 10 most followed people on Instagram were music artists. The industry is also helping in driving the revenue generated by these social networking sites. For example, Twitter’s market capitalization in February 2016 hit $12.3 billion while Instagram, owned by Facebook, generated revenues of $35 billion. The music market is one of the major drivers for the growing popularity of YouTube.

Further, the report states that piracy is one of the major challenges faced by the digital music content market....