Europe Music Streaming Market Outlook and Strategic Insights by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

Europe Music Streaming Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Content Type (Audio Streaming, Video Streaming), Streaming Type (Live Streaming, On-demand Streaming), End User (Commercial, Individual), and Country

Report Date : Aug 2020
Report Code : TIPRE00012816

Category : Technology, Media and Telecommunications
Status : Published

Available Report Formats :
No. of Pages : 94

Page Updated: Oct 2020

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The music streaming market in Europe was valued at US$ 6,260.2 Mn in 2019 and is projected to reach US$9,812.3 Mn by 2027; it is expected to grow at a CAGR of 5.5% from 2020 to 2027.

Europe includes various well-established economies such as France, Germany, Russia, the UK, and Italy. The trend of low-cost video &music-on-demand subscriptions is assisting in boosting the Europe Music Streaming Market growth. Soundtrack Your Brand, Auraclesound, Kasimu, and Soundreef are some of the music streaming companies offering platforms for businesses and stores. Spotify’s biggest territory is Europe and the company is looking ahead to add more users from the region. The company had nearly 232 million both active and subscription users in its portfolio by quarter II in 2019 out of which 83.5million were located in Europe. Moreover, the citizens of Europe spend nearly 5% on subscriptions. The consumer spends average 130 euros on monthly basis for subscribing music, video, sports or food. Annually, 350 billion euros are spent within the region on these types of purchases.

There are over 230 digital music services available throughout the region.
Music videos are heavily watched on You Tube. From 9 of top 10 most watched videos, music videos holds a largest share.
The region recorded music revenues of $6.02 billion in 2018. The streaming revenue raised to $2.67 billion.
The paid subscription for audio streaming services represents 78.9% of total streaming revenues.

Along with the introduction of digital and cloud system, the scope of music streaming platforms and on-demand streaming has flourished with user inflow. Continuous technological developments are taking place across the world with an aim to cater music subscribers in a better manner. The subscription model is creating a significant impact on the development of Europe music streaming market. The music streaming service providers are offering region-specific original music to gain attention of customers and to multiply the number of subscriptions. With booming penetration of music streaming in various countries of the EU, the need to have regional content is flourishing. As the music streaming services are accessible on various platforms for cross-device access, the scope of on-demand streaming is anticipated to benefit Amazon, Gaana.com, and Spotify. The increasing adoption of on-demand streaming will encourage the music streaming service providers to offer an option of regional content.

Europe Music Streaming Market

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Europe Music Streaming Market Segmentation

Europe Music Streaming Market, by Content-Type

Audio Streaming
Video Streaming

Europe Music Streaming Market, by Streaming Type

Live Streaming
On-Demand Streaming

Europe Music Streaming Market, by end-user

Commercial
Individual

Europe Music Streaming Market, by Country

Germany
UK
France
Italy
Russia
Rest of Europe

Europe Music Streaming Market-Companies Mentioned

Amazon.com, Inc
Google LLC
Deezer
Apple, Inc
SoundCloud
Spotify Technology S.A.

Europe Music Streaming Report Scope

Report Attribute	Details
Market size in 2019	US$ 6,260.2 Million
Market Size by 2027	US$ 9,812.3 Million
Global CAGR (2020 - 2027)	5.5%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Content Type Audio Streaming Video Streaming By Streaming Type Live Streaming On-demand Streaming By End User Commercial Individual
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	Amazon.com, Inc Google LLC Deezer Apple, Inc SoundCloud Spotify Technology S.A

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the Europe Music Streaming Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Europe Music Streaming Market Report Snapshots

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