In 2022, the market value of the music industry in the Middle East and North Africa stood at *** million U.S. dollars. The value of the market was expected to increase to *** million U.S. dollars by 2027. Music streaming was projected to grow by 100 million U.S. dollars, while physical recorded music, was forecast to lose 100 million USD in market value.

The global music industry continues to evolve, with streaming services dominating revenue sources in 2024. Subscription audio streams accounted then for more than half of the industry's revenue at **** percent, while ad-supported streams contributed an additional **** percent. This shift towards digital consumption has reshaped the landscape, pushing traditional formats like physical sales and downloads to smaller market shares. Streaming's dominance grows As streaming platforms solidify their position, they now represent ** percent of the total global recorded music revenue. This trend reflects changing consumer preferences, with audiences favoring access models over ownership. The extensive range of titles available on platforms like Spotify for a set rate has contributed to this shift. Despite the overall growth, digital downloads revenue have seen a decline, contributing less than **** percent to the annual total in 2024. Regional disparities in digital music revenue While streaming leads globally, the digital music market shows significant regional differences. The United States stands at the forefront with **** billion U.S. dollars in revenue from the digital music segment, followed by China at *** billion. France trails behind with *** billion dollars, highlighting the vast gap between markets. These disparities underscore the varying rates of digital music adoption and market maturity across different countries.

The size of the music market in Japan amounted to ***** billion Japanese yen in 2024. The market consists of recorded and digital music. As a breakdown by format shows, recorded audio products continued to be the largest format, followed by streams. Music industry in Japan Music holds a cherished place in Japan's society. One notable aspect of the Japanese music market is the enduring popularity of physical formats like CDs, which have maintained significance despite global trends favoring digital streaming. The popularity of CDs can be traced back to the strong fandom culture that drives fans to support their favorite idols or bands through physical item purchases. Despite the enduring popularity of CDs, Japan's music industry has seen a shift towards streaming services in recent years, as evidenced by the increasing sales value of music streaming. This shift in revenue stream prompts traditional music companies to expand into new areas and also to diversify their businesses into non-music sectors. Music-related media usage trends in Japan In Japan, television once held a significant influence over music popularity, driving CD sales through numerous music programs. However, the average television viewing time shows a long-term decrease, while the time people spend on social media has been increasing. This change has impacted people's engagement with music. The internet and social media platforms have made it easier for anyone to share their music, leading to an increase in the number of artists whose songs achieve hit status and debut via platforms like TikTok. Additionally, there has been a shift in the type of music that becomes popular with the rise of music streaming. The ability to listen to music anytime has widened the gap between release times and success, emphasizing the importance of sustained popularity for hits.

A recent study exploring the global music industry forsaw that revenues from live music events would grow by ******percent in 2025, reaching over ** billion U.S dollars that year. The market estimates are showing promising growth to pre-pandemic levels and revenue figures surpassing ** billion dollars by the end of 2030. Concerts amid COVID-19 The outbreak of the coronavirus (COVID-19) pandemic dealt a heavy blow to the live music sector as concert venues closed, tours were halted, and festivals rescheduled. But while some events were canceled or postponed indefinitely, others were merely moved online to let music lovers enjoy performances by their favorite artists in a socially distant manner. In Europe, for example, the share of festivalgoers who watched a live music stream during coronavirus lockdowns stood at ** percent, with a similar share of survey respondents stating they would happily pay to do so. Live stream concerts have become popular alternatives to in-person shows in recent years, and while some artists uploaded pre-recorded concert films to video streaming platforms, others took the virtual stage in gaming apps Fortnite or Roblox. Most successful live music tours The live music sector awoke from a deep slumber in 2021 as social distancing measures were loosened and travel bans lifted in many parts of the world. Two years later, looking at the top-grossing concert tours that year, Taylor Swift was taking over the concert market, with her tour's earnings reaching over *** billion U.S. dollars. Beyonce's tour ranked second that year, however, the grosses trailed behind at the level of *** billion dollars.

Data on recorded music industry revenue in the United States from 2009 to 2024 shows steady growth from 2015 onwards. The revenue reached over ** billion U.S. dollars in 2024, up from the ***billion reported in the previous year. Music is the revenue driver of the audio market With music being part of everyday life as well as a popular form of entertainment, it has been the most popular audio format and is likely to remain the revenue driver of the industry. Global recorded music revenue alone generated a total of **** billion U.S. dollars in 2024. In the United States, recorded music industry revenue amounted to **** billion U.S. dollars in 2024, which is more than twice as much compared to 2009. Streaming is dominating music consumption Over the years, streaming has become increasingly popular, overtaking other forms of music consumption. Especially physical sales of music have experienced a sharp drop in numbers, only slightly recovering in recent years. Nonetheless, while streaming is by far the most popular way of consumption, the boom it has experienced over the last 10 years or so seems to be slowing down. In 2022, global music streaming revenue only grew by **** percent, which is a significant drop from the growth rate of **** percent in the year before. In 2024, the recorded growth dropped to *******************.

While music streaming had been generating the vast majority of the global music market revenue for several years, in 2024, revenue from streaming also recorded the highest growth of all music segments, at *** percent. In fact, music streaming dominated the digital music market at the expense of other formats, such as downloads and other digital or physical sales who were the only segments shrinking in revenue in 2024.

In 2024, the total revenue of the recorded music industry amounted to **** billion U.S. dollars. Global streaming revenues reached **** billion U.S. dollars in the same year. Overall, recorded music increased by nearly **** percent, representing a steady growth rate compared to the previous year. Music streaming – the motor of the industry Data on the revenue generated by the different segments of the music industry worldwide show that music streaming is responsible for by far the biggest share in the industry in recent years. The streaming revenue has been growing year by year since the late 2000s and early 2010s and overtook the revenue from physical sales as of 2017. With two thirds of the global music revenue in 2024 coming from streaming, it was undoubtedly the backbone of the industry. Smaller regional markets are catching up While the global music market rose by around five percent in 2024, this growth rate varied significantly when broken down regionally. Whereas growth in the biggest regional music markets, North America, Asia and Europe, remained in single digits, the music markets in Sub-Saharan Africa, Latin America, and the MENA region grew at a fairly high rate respectively.

Trusted with the task of providing the world with new music, record labels have a massive influence on the music market. But which record companies play an important role? In 2024, Universal Music Group held the largest share of the market when it came to both physical and digital, with a market share of **** percent. Independents' share amounted to **** percent that year, less than *** percent lower than that of Universal Music Group, which remained the biggest record label in the world in 2024 with more than ****** the market share held by WMG. The Big Three are dominating the market Overall, the music market is dominated by three companies: Sony Music Group, Universal Music Group, as well as Warner Music Group. Sony Music Group is made up of Sony Music and Sony Music Publishing. Founded in 1929 as the American Record Corporation, the New York based company is currently the largest music publisher in the world. The music segment alone generated a revenue of over ** billion U.S. dollars in 2024. In terms of revenue, the company comes second with a market share of over ** percent. The only company with a higher market share was the Universal Music Group. As one of the three major music publishers, UMG consists of four sectors: recorded music, music publishing as well as artist services and merchandise. The reason for the company’s success is undeniable when looking at the current charts: UMG has contracts with some of the most successful artists of our generation such as Billie Eilish, Dua Lipa, or Eminem. Even though Warner Music has the smallest market share of the three, it is still a major player in the record music industry. The U.S. company has artists such as Ed Sheeran, Robin Schulz or the Red Hot Chilli Peppers under contract. The music market is evolvingIn 2024, the total revenue of the recorded music industry amounted to **** billion U.S. dollars. Global streaming revenues reached over ** billion U.S. dollars in the same year. Overall, recorded music increased by ** percent. Streaming and subscriptions especially contribute to the high digital music revenue, reaching roughly **** billion U.S. dollars in 2024. The number of downloads on the other hand has been decreasing steadily over the last 15 years- a development that is likely to continue.

In 2024, physical music sales generated *** billion U.S. dollars, whereas digital music sales made *** billion worldwide. The majority of global music revenue now comes from streaming, and accounted for more than ** billion U.S. dollars in total industry revenue in 2024.

The revenue in the 'Music Streaming' segment of the digital media market in Indonesia was forecast to continuously increase between 2024 and 2027 by in total **** million U.S. dollars (+15.98 percent). After the tenth consecutive increasing year, the indicator is estimated to reach ****** million U.S. dollars and therefore a new peak in 2027. Notably, the revenue of the 'Music Streaming' segment of the digital media market was continuously increasing over the past years.Find other key market indicators concerning the average revenue per user (ARPU) and user penetration.The Statista Market Insights cover a broad range of additional markets.

In 2021, Brazil and Mexico combined accounted for about ********** of Latin America's recorded music revenue, while the other markets across the region accounted for the remaining third. Brazil's recorded music revenue growth rate stood above the Latin American average that year.

According to the source, music produced by Sony record labels accounted for **** percent of the global recorded music market in 2024. However, Universal Music was on top with a market share of **** percent, while independent record companies reached **** percent.

According to data from May 2025, the revenue generated from major music production labels in the United States reached around **** billion U.S. dollars in 2024. The market size has been increasing steadily since 2014 when it was at its lowest at *** billion U.S. dollars.

Since 2007, it appears that the physical revenue of the music industry in France has been decreasing. In contrast, the digital revenue of the music industry continues to increase. In 2023, digital revenues recorded a revenue of *** million euros. In 2027, the digital music revenue is expected to reach more than *** billion U.S. dollars. The rise of digital music over physical revenue In 2007, the revenue of physical music amounted to *** million euros. Ten years later, the number went down to reach *** million euros. This important decrease was followed by an impressive increase of the revenue of digital music in the country, which exceeded the revenue of the physical music market that same year for the first time. Indeed, from **** million euros of revenue in 2007, digital music grew over the years to reach a turnover of *** million euros in 2017. Similarly, the sales volume of music albums in stores in France has been decreasing over the past few years, while music streaming is becoming more popular with each passing year among consumers. Music streaming in France Online music streaming is becoming more and more popular. In 2018, around ** percent of French consumers declared streaming music daily. The number of digital music users is expected to increase in the coming years. Those users seem to favor streaming compared to downloading, and online music streaming platforms like Deezer, Apple Music or Spotify are now used by a majority of French people.

In 2024, the United Kingdom (UK) was forecast to see the highest digital music revenue out of all European markets. The UK was projected to surpass **** billion U.S. dollars in digital music revenue that year. In comparison, second-ranked Germany was set to reach **** billion U.S. dollars, respectively. Digital music revenue in the UK: an overview The UK is one of the most profitable digital music markets worldwide, with annual revenues only topped by the United States, China, and Japan. While takings from live music events plummeted in 2020 due to the outbreak of the coronavirus (COVID-19) pandemic, digital music revenue in the UK experienced double-digit growth rates that year. According to the latest projections, revenues will exceed *** billion U.S. dollars by 2025, with music streaming accounting for the lion’s share of earnings. UK streaming trends Thanks to the likes of Spotify and YouTube, music streaming has become a popular pastime across the UK. As of 2020, the number of music streaming users in the UK reached a record **** million, which translates to almost ** percent of all digital music users in the region. While this figure is forecast to increase significantly in the years to come, music downloads are expected to plateau. This trend can be explained by the fact that streaming services allow users to listen to unlimited music content for free or a set monthly fee, which encourages many music fans to browse through the vast digital catalogs and discover more new artists and genres than ever before.

In 2024, the German music market generated a revenue of roughly **** billion euros. These figures are forecast to reach **** billion euros by 2029.

In 2024, the music industry in China reported almost ****billion yuan in market size. Digital music was the third-largest industry segment that year, registering an annual growth rate of ** percent.

The revenue in the 'Music Streaming' segment of the digital media market in Vietnam was forecast to continuously increase between 2024 and 2027 by in total *** million U.S. dollars (+***** percent). After the tenth consecutive increasing year, the indicator is estimated to reach ***** million U.S. dollars and therefore a new peak in 2027. Notably, the revenue of the 'Music Streaming' segment of the digital media market was continuously increasing over the past years.Find other key market indicators concerning the revenue growth and number of users. The Statista Market Insights cover a broad range of additional markets.

In 2023, the digital revenue of the music industry in France amounted to *** million euros, ** million euros more than the previous year. One decade earlier, that value only exceeded *** million euros.

In 2024, streaming revenues reached **** billion U.S. dollars worldwide, the highest ever recorded and nearly ***** times the figure given for 2015, when music streaming revenue amounted to *** billion. Streaming revenues now account for over ** percent of total global recorded music revenue. The music industry is changing Over the last two decades, the music industry has been heavily impacted by the development of technology and the internet. Physical sales were the main source of revenue in the music industry before digital formats were invented. Even in 2000, U.S. album shipments still amounted to around *** million U.S. dollars before dropping each year until the figure stood at just ** million in 2023. This development is also mirrored in music industry revenue trends. Streaming has dramatically increased its share of U.S. music industry revenue, making up ** percent in 2023, up by almost ** percent from the figure recorded in 2017. Meanwhile, the share of music revenue generated by physical sales has decreased in equal measures, and in 2022 accounted for just ** percent of the total. Streaming platforms With over 700 million paying music subscribers worldwide, streaming platforms have become an essential part of the music industry’s landscape. Swedish streaming giant Spotify has dominated the market for years and commands roughly one third of music streaming subscribers globally. On the other hand, Apple Music, making up **** percent of the market, and Amazon with **** percent, have struggled to keep up with Spotify’s growing audience. In the fourth quarter of 2024, Spotify’s revenue from its premium subscribers hit *** billion euros and the climbing number of ad-supported users brought in an additional *** million euros. By comparison, just seven years earlier in the corresponding quarter of 2016, Spotify’s premium subscriber revenue was *** million euros and its ad-supported revenue just at nearly *** million euros.