These developments are anticipated to drive the demand for live audio streaming in various geographies and offer future growth opportunities for players operating in the global live audio streaming market. The report studies essential market players such as Adobe Inc., Bloomberg L.P., Dacast, Lime Broadcast Group, LINEAPP GmbH, Live365, Mixlr Ltd., Muvi LLC, Open Broadcaster Software
According to the new research report published by The Insight Partners, titled "Live Audio Streaming Market - Global Analysis and Forecast to 2027", the global live audio streaming market is expected to reach US$ 1,166.4 Mn in 2027, registering a CAGR of 10.8% during the forecast period 2019-2027.
In 2018, North America is estimated to account to hold the largest market share, growing at a CAGR of 10.4%.
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Mobile internet is significantly contributing to the development of a wider digital ecosystem and driving the demand for live audio and video streaming services worldwide. This exponential growth in data traffic over the internet is attributed to the growing penetration of smartphones and other similar devices.
Brazil, Uruguay, Argentina, Chile, Colombia, UAE, Saudi Arabia, South Africa, Vietnam, and Singapore are other major countries embracing the path of digitalization and resulting in huge influx of data over the internet. Various government initiatives toward the digitalization of economies in these countries are leading to the exponential growth of data traffic over the internet.
The Government of India has taken several initiatives such as "Digital India" to promote digital transformation across various industries in the country. The market for live audio streaming in other developing regions, such as South and Central America, and the Middle East and Africa, is also expected to grow noticeably from 2019 to 2027.
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Key findings of the study:
APAC is expected to be the fastest-growing region in the global live audio streaming market during the forecast period. The fast growth of live audio streaming market in APAC is attributed to the increasing penetration of smartphones, coupled with growing internet penetration, in the region.
China and Japan contribute to more than half the size of the live audio streaming market in APAC. India and China are anticipated to be among the fastest-growing live audio streaming markets in this region.
The economic growth in developing countries of APAC is quite impressive and these countries are expected to offer ample growth opportunities for the live audio streaming market players during 2019-2027. Policymakers and regulators in these countries are focusing on creating policies that support digital transformation and promote growth of digital services.
The key players operating in the global live audio streaming market ecosystem and profiled in this report include Adobe Inc., Bloomberg L.P., Dacast, Lime Broadcast Group, LINEAPP GmbH, Live365, Mixlr Ltd., Muvi LLC, Open Broadcaster Software, Soundcloud, Spotify Technology S.A., and Stream Monster Inc. among others. Some of the other notable players in the global live audio streaming market ecosystem include Adobe Inc., Bloomberg L.P., LINEAPP GmbH, Open Broadcaster Software, Soundcloud.Com, Spotify Technology S.A., and Stream Monster Inc.
among many others.
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India has been identified to be one of the highly lucrative markets for live audio streaming during the forecast period. India’s economy has been one of the fastest growing countries with a 6-7% growth rate.
The long term growth outlook of India looks quite promising with large young population, stable political environment and government willingness to bring digital transformation. Increasing tech savvy population, rising demand of smartphones and internet services, and favorable government policies to promote digitization are some of the major factors that are anticipate to drive the growth of live audio streaming market in India.
India is considered as one of the fastest growing economy in the world and it has built a strong economic and technological foundation to become a global technology hub.
Table of Contents
2. Live Audio Streaming Market – Key Takeaways
3. Live Audio Streaming Market – Market Landscape
4. Live Audio Streaming Market - Key Market Dynamics
5. Live Audio Streaming Market – Analysis
6. Live Audio Streaming Market Analysis – By Product
7. Live Audio Streaming Market Analysis – By Component
8. Live Audio Streaming Market Analysis– by Deployment
9. Live Audio Streaming Market Analysis– by End User
10. Live Audio Streaming Market Revenue and Forecasts To 2027
11. Live Audio Streaming Market – Industry Landscape
12. Live Audio Streaming Market – Key Company Profiles
Category: Market Research Publishers and RetailersCompany about: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare, Chemicals and Telecommunication industries.