New York, NY -- (SBWIRE) -- 10/08/2018 -- New music industry reports show that streaming services and subscription revenues have made the music business very difficult, and in 2018, digital music consumption has boosted sales for the third consecutive year. World record music sales grew at an annual rate of 8 percent, from $ 14 billion in 2017 to $ 15.4 billion in 2018. Streaming revenue especially contributed to this growth, up 35% from the previous year to $ 5.4 billion. Since streaming services are easy to use at first, music copyright infringement has been reduced by more than 50% since 2018, and a variety of genres and artists have been found. For example, Chance the Rapper was the first "streaming-only" artist to win the Grammy Award, and some key examples, including how YouTube's top 10 music videos are in Spanish.

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Companies Profiled in this report includes:

Amazon.com,
Apple
Google
CBS
Microsoft
Sony
Deezer
EMI Music Publishing
Fox Music Publishing
Spotify
Hungama Digital Media Entertainment

Market Driver
Increase in Disposable Income among Consumers
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Market Challenge
Piracy Concerns
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Market Trend
Increase in Adoption of Cloud Services in Music Streaming
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The streaming market can see tremendous growth not only in Southeast Asia and the Pacific, but also in China, thanks to the increased adoption of free streaming music applications such as Joox, Saavn and Gaana. Developing countries will also have high growth opportunities.

Table of Contents:
Global Digital Music Market Research Report 2018-2025
Chapter 1: Digital Music Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Digital Music Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Digital Music Market Effect Factors Analysis
Chapter 12: Global Digital Music Market Forecast