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Online Music Streaming in the United Kingdom

Online Music Streaming in the United Kingdom

  • February 2019
  • 36 pages
  • ID: 3016584
  • Format: PDF
  • By MarketLine

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Online Music Streaming in the United Kingdom

Summary
Online Music Streaming in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
- The online music streaming market consists of revenues generated from music and music video streaming. Revenues are made up from subscription service charges and ad-supported streams. All currency conversions are carried out at constant annual average 2018 exchange rates.
- The UK online music streaming market had total revenues of $985.8m in 2018, representing a compound annual growth rate (CAGR) of 57% between 2014 and 2018.
- The subscription services segment was the market’s most lucrative in 2018, with total revenues of $841.2m, equivalent to 85.3% of the market’s overall value.
- After five years of strong growth, the UK market appears to be reaching maturity with a gradual reduction in growth. Existing customers tend to be on a year on year paid subscription service and are more likely to continue their subscriptions.

Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the online music streaming market in the United Kingdom
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the online music streaming market in the United Kingdom
- Leading company profiles reveal details of key online music streaming market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom online music streaming market with five year forecasts

Reasons to buy
- What was the size of the United Kingdom online music streaming market by value in 2018?
- What will be the size of the United Kingdom online music streaming market in 2023?
- What factors are affecting the strength of competition in the United Kingdom online music streaming market?
- How has the market performed over the last five years?
- What are the main segments that make up the United Kingdom’s online music streaming market?

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