Monday 29 June 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Mobile Music Streaming Market: Apple Inc., Deezer, Google Inc., Microsoft Corp., Pandora Media Inc., Rdio Inc. and Spotify Ltd.
Other Prominent Vendors in the market are: CBS, Clear Channel Radio, Gaana.com, Grooveshark, Guvera, Hungama MyPlay, iHeartMedia, JB Hi-Fi, Line, Mixcloud, News, RadioTime, Rara, Rhapsody, Saavn, Samsung Music Hub, Slacker Radio and SoundCloud
Commenting on the report, an analyst said: “Streaming music service is becoming a global phenomenon with advances in connectivity and increased use of the Internet. Major vendors, primarily in the US, Japan, and EU, are forging ahead to acquire a larger share of the global market.”
According to the report, Mobile music streaming is now a global phenomenon with advances in connectivity and increased use of the Internet. The market has grown owing with a surge in subscription-based services. The integration of music streaming applications with social media platforms, such as Facebook, has significantly increased music subscriptions worldwide.
Further, the report states that data security is a concern for the market. Vendors are highly dependent on the Internet, which makes the market vulnerable and prone to security-related issues. Security breaches resulting from human errors and malicious intent may lead to disclosure of customers' confidential information.
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.