Aim to Offer Personalized Experience to Consumers to Propel Music Streaming Market to US$ 103.7 Bn by 2030, Notes TMR
ALBANY, N.Y., July 27, 2021 /PRNewswire/ -- Music Streaming Market: Broad OverviewThe research on the music streaming market reveals that the demand dynamic is greatly influenced by the growing array of various streaming platforms. Companies looking to expand their stakes have targeted new customers through extensive advertisements and promotions. A case in point is offering free subscription for accessing high-quality content. In addition, especially during the COVID-19 crisis, companies have witnessed a surge in viewership on video sharing platforms. This has opened lucrative avenues for companies and led to collaborations among artistes. For instance, there is a rising participation of artistes on the platform Twitch to connect to their listeners. Moreover, the music streaming market is also witnessing considerable growth due to live streaming of music concerts by famous singers. During the pandemic, virtual concerts in particular soared in popularity. Thus, companies in the music streaming market are expected to recalibrate their strategies to retain their customer base post-pandemic. All these trends are anticipated to propel the market past the US$ 103.7 Bn mark by the end of 2030.
- Moreover, the music streaming market is also witnessing considerable growth due to live streaming of music concerts by famous singers.
- Thus, companies in the music streaming market are expected to recalibrate their strategies to retain their customer base post-pandemic.
- All these trends are anticipated to propel the market past the US$ 103.7 Bn mark by the end of 2030.
- Personalized Experience, Access to Streaming Platforms for High-quality Content Drive Global Market: The expansion of the music streaming market has been significantly affected by the rising popularity of streaming platforms.