Cloud has changed the game in terms of digital music delivery. In previous generations, consumers were forced into traveling to a record store and waiting for the release of an upcoming album.
With the introduction of cloud music services, consumers are able to cut out the middleman and purchase music on a per song basis. When combined with smartphones, the music delivery model is now more streamlined than ever.
A new report released by Transparency Market Research (TMR) dives deep into the world of cloud based music providers. The report is officially entitled Mobile Cloud Music Services Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.
As you would expect, TMR provides deep insights into the emerging cloud based music delivery model. Key findings from this report include:
- Cloud music will thrive due to adoption of smartphones
- Cloud music vendors will become one of the primary music sources
- Music vendors will pioneer offline listening methodologies
- Smartphones lowering in price directly helps the Cloud Music Market
Ease of use, a low cost delivery model and features will continue to separate the major players from one another. TMR goes on to list the major players in the cloud music market as being:
- Apple, Inc.
- com, Inc.
- Sony Network Entertainment International LLC.
- Pandora Media, Inc.
- Spotify Ltd.
- MOG, Inc.
- KKBOX, Inc.
- Google, Inc.
- Catch Media, Inc.
TMR’s report on the mobile cloud music market gives readers the inside baseball on the state of the market.
The latest market research for the cloud music market look opportunistic, given the data found in TMR’s market research report. With the mobile music cloud business growing at such a rapid rate, it could be beneficial for investors and innovators to begin looking more closely at what they can contribute into specific cloud market segment.