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Live Audio Streaming Market Share, Trends and Growth 2020 to 2027: Adobe Inc., Bloomberg L.P, DaCast, Lime Broadcast Group

The global live audio streaming market is estimated to account to US$ 470.2 Mn in 2018 and is expected to grow at a CAGR of 10.8% during the forecast period 2019 – 2027, to account to US$ 1,166.4 Mn by 2027. The global live audio streaming market is experiencing steady growth in the forecast period. The developed, as well as developing countries, are witnessing immense growth in the demand for smartphones and other consumer electronics majorly due to increasing technological advancements and availability of a large number of companies providing an array of digital services. Currently, users are widely adopting consumer devices on the back of rising disposable income levels, for accessing digital content in the form of audio, video, and so on. Devices such as smartphones, tablets, and PCs have become an integral part of consumers’ lives.

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The rising disposable income levels and increasing demand for digital content are among the factors driving the adoption of live audio streaming services among consumers worldwide. The enhanced digital content consumption among consumers worldwide is also attributed to the availability of affordable data plans and low-cost smartphones, among other factors. A continuous decline in the prices of 4G-enabled android smartphones has been a significant factor fueling the consumption of live audio and video streaming among the countries with low per capita incomes, such as India, Pakistan, Indonesia, and Bangladesh. In addition to this, with the rollout of 3G and 4G services in the various markets, the availability and demand of digital content have increased multifold in the past decade, and this trend is expected to boost the live audio streaming market during 2019-2027. This factor is projected to gain traction in the coming times having a significant impact approaching the live audio streaming market.

Some of the key players operating in the global live audio streaming market include Adobe Inc., Bloomberg L.P, DaCast, Lime Broadcast Group, Lineapp GmBH, Live365, MIXLR Ltd., Muvi LLC, SoundCloud, Spotify Technology S.A, and Stream Monster Inc.

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The live audio streaming market has been segmented based on component, platform, application, and geography. Based on component, the live audio streaming market has been segmented into hardware, and software and services. Live audio streaming software and services are expected to garner the largest share of the overall market throughout the forecast period. Based on the platform, the live audio streaming market has been segmented into the web and mobile. In 2018, the mobile segment contributed a substantial share in the global live audio streaming market. The digital revolution across the globe has changed consumer behavior drastically, which is further fuelling the demand for digital content. The live audio streaming market is further segmented on the basis application into enterprises, radio, music concerts and events, personal, and others.

The overall live audio streaming market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the live audio streaming market. Also, multiple primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the live audio streaming market.

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The research provides answers to the following key questions:

What is the estimated growth rate of the market for the forecast period 2020-2027? What will be the market size during the estimated period?

What are the key driving forces responsible for shaping the fate of the live audio streaming market during the forecast period?

Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the live audio streaming market?

What are the prominent market trends influencing the development of the live audio streaming market across different regions?

What are the major threats and challenges likely to act as a barrier in the growth of the live audio streaming market?

What are the major opportunities the market leaders can rely on to gain success and profitability?

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Live Audio Streaming Market To Witness Excellent Growth By 2027 | Adobe, Bloomberg L.P, DaCast, Lime Broadcast Group, Lineapp GmBH, Live365, MIXLR , Muvi LLC, SoundCloud

The global live audio streaming market is estimated to account US$ 470.2 Mn in 2018 and is expected to grow at a CAGR of 10.8% during the forecast period 2018 – 2027, to account to US$ 1,166.4 Mn by 2027.

The report presents the current market analysis scenario, future and future opportunities, revenue growth, prices and profitability. The proprietary data in this report is collected by Insight Partner’s dedicated research and analysis team of experienced professionals with advanced statistical expertise and various customization options in the existing study.

The analysis of the global market for Live Audio Streaming Market until 2027 is an in-depth study of the Customer Trade Finance industry, which focuses on global market trends. The report aims to provide an overview of the global market for Live Audio Streaming Market with detailed market segmentation by product / application and by region. The global market for Live Audio Streaming Market is expected to experience strong Growth over the forecast period.

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The live audio streaming market by component is segmented into hardware, and software & services. A live audio streaming system comprises two major components that form the basis of this segmentation of the live audio streaming market. The advantage of not downloading the entire content and just streaming the entire audio has garnered significant interest in the live audio streaming systems from various corners. The software & services segment led the live audio streaming market, by component in 2018 and it is anticipated to continue its dominance during the forecast period.

Live audio streaming can be channelized through different platforms, including mobiles and websites. The website platforms provide additional features to the users, whereas the mobile platforms provide the advantage of mobility to them. Through different platforms, the users ensure maximum reach of the audio streams to customers. The live audio streaming market has been segmented on the basis of platform into web and mobile. The mobile platform segment led the live audio streaming market, by platform in 2018 and it is anticipated to continue its dominance during the forecast period.

The global live audio streaming market based on application has been segmented into enterprise, radio, entertainment, music concerts and events, personal, and others. Data streaming industry is a dynamic industry and needs a high level of flexibility. Wider internet bandwidths offered to consumers for communications have given rise to streaming services. The proliferation of consumer electronics, coupled with developed internet infrastructures, has ensured a wider reach of the audio and video streaming services globally. The enterprise segment led the global live audio streaming market, by application in 2018.

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Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Live Audio Streaming Market

• Key market trends cracking up the growth of the Live Audio Streaming Market
• Challenges to market growth.
• Key vendors of Live Audio Streaming Market
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Live Audio Streaming Market
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major region

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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, Healthcare, Manufacturing, Automotive and Defense.

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