Music Streaming Market Share, Analysis, and Growth by 2031
Music Streaming Market: Strategic Insights
Music Streaming Market
-
CAGR (2023 - 2031)8.7% -
Market Size 2023
US$ 36.49 billion -
Market Size 2031
US$ 71.32 billion
Market Dynamics
GROWTH DRIVERS
- Growing popularity of on-demand music
- Increased smartphone and internet penetration
- Shift from physical media to digital formats
FUTURE TRENDS
- Adoption of immersive audio technologies
- Integration of AI in music curation
- Emergence of personalized music experiences
OPPORTUNITIES
- Expansion into emerging market economies
- Integration of podcasts and audiobooks
- Offering exclusive artist content and experiences
Key Players
- Amazon Inc
- Apple Inc
- Deezer
- Google Inc
- iheartmedia Inc
- Joox
- Pandora Media Inc
- SoundCloud
- Spotify
- Tidal
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Content Type
- Audio Streaming and Video Streaming
Streaming Type
- Live Streaming and On-demand Streaming
End User
- Commercial and Individual