Monday 29 June 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Cloud Mobile Music Services Market: Amazon.com Inc., Apple Inc., CBS Corp., Google Corp., MOG Ltd., Rhapsody International Inc., Sony Corp. and Spotify Ltd.
Other Prominent Vendors in the market are: 7 Digital, 8tracks, Abacast, Airstream, Aspiro, Audiobox, Aupeo, Bandcamp, Beats Music, Blinkbox Music, Catch Media, Deezer, Gaana.com, Google Play Music, Grooveshark, Guvera, iHeart Radio, Jango, KEXP, KKBOX, Last.fm, Mixcloud, Moodagent, mp3tunes, mspot, Murfie, Myspace, Newbay Software Ltd, PandoraMedia, PlusFourSix AB, Qobuz, Rara, Rdio, Saavn, Shuffler.fm, Sirius XM Holdings, Slacker Radio, Songza, SoundCloud, Stitcher, SugarSync, The Filter, This is My Jam, Thumbplay, Tidal, Tiliado, TuneIn Radio and Vidiator Technology
Commenting on the report, an analyst said: “The high adoption of smartphones and tablets among consumers worldwide is resulting in an increasing number of people subscribing to digital music and streaming services. The increasing integration of music streaming applications with the cloud and with social media platforms such as Facebook has significantly increased music subscriptions worldwide.”
According to the report, the penetration of mobile devices, the cloud, and social media among consumers and service providers is rising rapidly each year. The growing penetration of smartphones is resulting in expansion of cloud services in the global mobile music services market as these devices facilitate access to music directly from mobile devices.
Further, the report states that Piracy or counterfeiting is one of the major challenges facing the vendors in the global cloud mobile music services market. The increased use of the Internet globally is making it difficult for services providers to prevent the file sharing, copying, and downloading of mobile music from illegal online sources.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.