Global Music Streaming Market 2025-2029

Music Streaming Market 2025-2029

The music streaming market is forecasted to grow by USD 53.49 billion during 2024-2029, accelerating at a CAGR of 19% during the forecast period. The report on the music streaming market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing preference for music streaming services, rising internet and smartphone penetration, and increase in mobile ads driving revenue for music streaming apps.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's music streaming market is segmented as below:

By Type

• Free
• Paid

By End-user

• Individual users
• Commercial users

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the increasing introduction of differentiated music streaming services as one of the prime reasons driving the music streaming market growth during the next few years. Also, advent of smart speakers and growing demand for cloud-based music streaming services will lead to sizable demand in the market.

The report on the music streaming market covers the following areas:

• Music Streaming Market sizing
• Music Streaming Market forecast
• Music Streaming Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading music streaming market vendors that include Amazon.com Inc., Apple Inc., Bharti Airtel Ltd., Curb Records Inc., Deezer SA, Gamma Gaana Ltd., Google LLC, iHeartMedia Inc., JioSaavn, KKBOX, Meredith Corp., Mixcloud Ltd., RealNetworks Inc., Sirius XM Holdings Inc., SoundCloud Global Ltd. and Co. KG, SOUNDMACHINE, Soundtrack Your Brand Sweden AB, Spotify Technology SA, Tencent Holdings Ltd., and TuneIn Inc.. Also, the music streaming market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.