Boston, MA -- (SBWIRE) -- 09/30/2016 -- Music by service can be broadly classified into two categories:

-Access music
-Ownership music

In this kind of music, the user has access to soundtracks with the help of digital music content websites, generally on a monthly subscription and free-to-access mode. However, the user cannot store it either in physical or in digital form. Spotify is an example of such service.

Technavio's analysts forecast the global digital music content market to grow at a CAGR of 8.73% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global digital music content market for 2016-2020. To calculate the market size, the report considers the revenue generated from the digital music content market by different regions.

Get More Details on this Report and a Full Table of Contents at Global Digital Music Content Market 2016-2020

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Digital Music Content Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Apple
-Deezer
-Google
-iHeartMedia
-Pandora Media
-Spotify

Other prominent vendors

-CBS
-Gaana
-Guvera
-Hungama MyPlay
-Line Music
-Mixcloud
-Napster
-RadioTime
-Saavn
-SoundCloud

Market driver

-Initiatives to curb piracy
-For a full, detailed list, view our report

Market challenge

-Value gap due to exemption from safe harbor rules
-For a full, detailed list, view our report

Market trend

-Replacement of digital music records
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Apple, Deezer, Google, iHeartMedia, Pandora Media, Spotify, CBS, Gaana, Guvera, Hungama MyPlay, Line Music, Mixcloud, Napster, RadioTime, Saavn, SoundCloud.

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