Music streaming Market is predicted to reach USD 120.5 million at a CAGR of 14.80% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Music streaming Market”.

The music streaming market is estimated to register a CAGR of 14.80% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global music streaming market— Apple, Inc., Amazon.com, Inc., Google LLC, Spotify AB, Deezer, Pandora Media, Inc., Tencent Music Entertainment Group, SoundCloud Global Limited & Co. KG, iHeartMedia, Inc., and others

Music streaming Market Highlights

The global music streaming market is accounted to register a CAGR of 14.80% during the forecast period and is estimated to reach USD 120.5 Billion by 2032.

The music streaming market continues to flourish, with a surge in subscribers and revenue. Advancements in technology, widespread internet access, and a growing preference for on-the-go entertainment are propelling the industry's success. Despite intense competition, innovative content delivery and personalized experiences are driving its sustained expansion.

Segment Analysis

The global music streaming market has been segmented into service, platform, content type and end-use.

On the basis of service, the market is segmented into on-demand streaming and live streaming. The on-demand segment dominated the market in 2022. The overall amount of illicit music streaming and downloading has considerably decreased as a result of on-demand streaming services, which is advantageous for all parties involved, from distributors to musicians.

Based on platform, the global music streaming market has been segmented into apps and browsers. The apps category generated the most income in 2022. Due to the preference of programs for accessibility over browsers and the numerous features that enhance the user experience when streaming music.

Based on content type, the global music streaming market has been segmented into audio and video. The audio segment dominated the market in 2022. Because it enables users to engage in a variety of activities like exercising, traveling, or doing household chores that call for audio content to provide a seamless and practical entertainment experience, the growth is attributed to its practicality in accommodating listeners' propensity for multitasking.

Based on end-use, the global music streaming market has been segmented into individual and commercial. The individual segment dominated the market in 2022. This is attributed to how young people's lives are changing and embracing the practice of incorporating music into everyday activities. Additionally, the expansion of wireless networks and the increased adoption of mobile devices are expected to cause the individual end-use sector to grow over the course of the projection year.

Access full report @ https://www.marketresearchfuture.com/reports/music-streaming-market-12017

Regional Analysis

The global music streaming market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Music streaming market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Music streaming market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Music streaming market comprises of Middle East, Africa, and Latin America.

The North America music streaming market dominated this market in 2022 (45.80%). In North America, particularly in the United States, there is a well-established technology infrastructure and high-speed internet is widely accessible. Customers may now more easily access and enjoy their favorite music thanks to the rise in the number of music streaming services.

Moreover, the second-largest market share for music streaming is in Europe. Europe is a continent with many different languages and cultures. If they offer content in a variety of languages and take into account local tastes, music streaming services are well-positioned to succeed.

Additionally, from 2023 to 2032, the Asia-Pacific music streaming market is anticipated to experience the quickest CAGR growth. From country to country, the Asia-Pacific area offers a vast variety of musical tastes. Music streaming businesses can gain a competitive advantage by curating their content to appeal to these various tendencies.

Furthermore, the rest of the world's music streaming market is divided into the Middle East, Africa, and Latin America. The music streaming market in Latin America is witnessing significant expansion, fueled by increasing smartphone penetration and access to high-speed internet. Local and international streaming platforms are vying for market share, offering diverse content and tailored experiences to cater to the region's diverse musical tastes. Government policies supporting the digital entertainment industry also contribute to its growth.

Key Findings of the Study

• The global music streaming market is expected to reach USD 120.5 Billion by 2032, at a CAGR of 14.80% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market. The Asia-Pacific region offers a wide range of musical interests from nation to nation. By choosing content to suit these diverse inclinations, music streaming services can acquire a competitive advantage.


• Based on end-use, the individual segment was attributed to holding the largest market in 2022.


• Apple, Inc., Amazon.com, Inc., Google LLC, Spotify AB, Deezer, Pandora Media, Inc., Tencent Music Entertainment Group, SoundCloud Global Limited & Co. KG, iHeartMedia, Inc., and others