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Music and Video Market to grow by USD 413.28 billion from 2022 to 2027, the market is fragmented due to the presence of prominent companies like Alphabet Inc., Amazon.com Inc. and Apple Inc., and many more - TechnavioNEW YORK, Sept. 18, 2023 /PRNewswire/ -- The music and video market is estimated to grow by USD 413.28 billion from 2022 to 2027, growing at a CAGR of 19.7%. The music and video market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer music and video market are Alphabet Inc., Amazon.com Inc., Apple Inc., Bharti Airtel Ltd., Block Inc., ByteDance Ltd., Deezer SA, Gamma Gaana Ltd., iHeartMedia Inc., Microsoft Corp., Netflix Inc., Reliance Industries Ltd., Sirius XM Holdings Inc., Sony Group Corp., SoundCloud Global Ltd. and Co. KG, Spotify Technology SA, Tencent Music Entertainment Group, The Walt Disney Co., Viacom18 Media Pvt. Ltd., and Vimeo.com Inc.. The report provides a full list of key companies, their strategies, and the latest developments. Download a FREE Sample before buying Company Offering:
By Geography, the market is classified as North America, Europe, APAC, South America, and Middle East and Africa. North America will have the largest share of the market. 32% of the global market growth is contributed by North America. The US is the key market for music and video in North America. However, the market growth rate in North America will be slower than the growth of the market in other regions. Moreover, factors like the prevalence of smartphones and improved internet connectivity across the region drive the demand for online musc and video streaming services. Also, given the growing opportunities in the North American music and video market, several new players are entering the market to expand their customer base. Hence, factors like the rising demand for OTT services for video streaming will facilitate the music and video market growth in North America over the forecast period. Download a FREE sample report to get more insights on the market share of various regions and the contribution of the segments.
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Related Reports: The stock video market size is estimated to grow at a CAGR of 7.65% between 2022 and 2027. The market size is forecast to increase by USD 319.3 million. This stock video market report extensively covers market segmentation by application (editorial and commercial), Image source (macro stock and microstock), license Model (RM and RF), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The benefits of using stock videos for visual content creation is the key driver driving the growth of the global stock video market. TOC: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation by Platform 7 Market Segmentation by Type 8 Customer Landscape 9 Geographic Landscape 10 Drivers, Challenges, and Trends 11 Vendor Landscape 12 Vendor Analysis 13 Appendix About US Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact US: Technavio Research
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