The way in which we access and listen to music is changing. Today, millions of consumers stream their music over the internet rather than downloading or playing it locally. The following report scrutinizes the global streaming music services market.
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Before the internet, consumers generally had to own a physical disc or tape to listen to music. The disc or tape could be placed on a personal music player, allowing the consumer to listen to the stored music. As the internet began to expand throughout the 1990s, however, consumers were given the option of downloading music online. And while some consumers still prefer to download their music, many now choose to stream their music over the internet.
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Streaming music isn't the same as downloading music. While both require the use of the internet to receive music in the form of data, there's a major difference between these two processes that shouldn't go unnoticed. Streaming specifically refers to the process of listening to music while it's still being downloaded, whereas the term "downloading music" generally refers to downloading an entire song or disc file before listening to it.
Today, there are over a dozen streaming music service apps and programs from which consumers can choose. Spotify, for example, is a popular streaming music service app that's used by millions of consumers throughout the world. It's available in both free and paid versions. The former is supported by ads, meaning consumers must listen to sponsored messages periodically while streaming music. The latter, on the other hand, eliminates ads so that consumers can listen strictly to music without being bombarded by or disrupted with sponsored messages.
Of course, streaming music over the internet requires two essential things: hardware and software. Consumers must have the hardware, such as a computer or smartphone, as well as the software, such as an app or program, to stream their desired music over the internet.
The Global Music Streaming Service Market Growth (Status and Outlook) 2019-2024 report by ReportsnReports is a comprehensive study of the global streaming music services market. While covering current and future prospective scenarios, it offers a professional analysis of the market and where it's headed. By accessing this report, you'll develop a better understanding of the streaming music service's size, classifications, chain structure, growth drivers, growth challenges, trends and more.
This report segments the global streaming music services market by several criteria. On the basis of product type, the market is segmented into software and hardware. On the basis of end-user application, the market is segmented into personal and commercial. On the basis of geographic region, the market is segmented into the Americas, APAC, Europe, Middle East & Africa.