According to the latest study titled ‘Live Audio Streaming Market to 2027 - Global Analysis and Forecasts by Component (Hardware, and Software & Services); Platform (Web and Mobile); Application (Enterprise, Radio, Music Concerts & Events, Personal, and Others)’ available with Market Study Report, the global live audio streaming market is expected to accumulate US $1,166.4 million by the year 2027.
 

The global live audio streaming market is propelled by the increasing demand for digital content among consumers, low-cost smartphones, and rising disposable incomes. Moreover, increasing usage of 3G and 4G services and easy accessibility to enhanced digital content will continue to augment the industry trends.
 

According to the study, live audio streaming market was valued at US $470.2 million in 2018 and is anticipated to expand with CAGR of 10.8 % during the period of 2019-2027. The study encompasses details about market size based on revenue shares for each segment, alongside the expansion strategies adopted by manufacturers. It analyzes the market landscape using PEST analysis and ecosystem analysis while delivering expert opinions. Information about the market dynamics covering drivers and restraints is also outlined in the report.   
 

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Based on component type, live audio streaming market is segmented into hardware and software services, wherein the later segment is presumed to continue its market dominance over the forecast period. As per platform, the industry is divided into web and mobile. Speaking of application spectrum, live audio streaming market is split into radio, enterprise, personal, music concerts & events, and others.
 

Considering the geographical landscape, the global live audio streaming market is fragmented into regions such as North America, Asia Pacific, Europe, Middle East & Africa, and South America.
 

Some of the vendors that operate in live audio streaming market are Bloomberg L.P, Adobe, Inc., Lime Broadcast Group, DaCast, Live365, LINEAPP GmbH, Muvi LLC, MIXLR Ltd., Spotify Technology S.A, Stream Monster, Inc., and SoundCloud.