In 2024, streaming revenues reached 20.4 billion U.S. dollars worldwide, the highest ever recorded and nearly eight times the figure given for 2015, when music streaming revenue amounted to 2.6 billion. Streaming revenues now account for over 69 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 940 million U.S. dollars before dropping each year until the figure stood at just 37 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 84 percent in 2023, up by almost 20 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 11 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 12.6 percent of the market, and Amazon with 11.1 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 3.7 billion euros and the climbing number of ad-supported users brought in an additional 537 million euros. By comparison, just seven years earlier in the corresponding quarter of 2016, Spotify’s premium subscriber revenue was 775 million euros and its ad-supported revenue just at nearly 100 million euros.

Streaming music revenue in the United States has been increasing dramatically on an annual basis for several years now, and in the first half of 2024 amounted to around 6.5 billion U.S. dollars. According to the source, paid subscription revenues were the industry's main revenue source, accounting for 5.2 billion dollars of the total. Streaming has overtaken other forms of music consumption Since the introduction of music streaming, the format has taken the music world by storm and is now dominating the industry. In the United States, streaming made up 82 percent of the music industry’s revenue, compared to 11 percent of physical sales and three percent of digital downloads. However, while streaming is still the revenue driver of the music market, growth has significantly slowed down, reaching a growth rate of 11.5 percent in 2022. While this is still significant growth, it is a drop from the streaming revenue growth rate of 24.3 percent in 2021. Spotify is dominating the streaming market With over 90 million paid music subscribers in the United States alone, it is no wonder that there are various streaming services competing for market dominance. So far, the most popular streaming service has been Spotify. In 2022, 35 percent of respondents stated that they used Spotify most frequently. The Swedish streaming giant generated a revenue of 11.7 million euros in 2022.

Music Streaming Market is projected to reach USD 125.70 Billion by 2032, with a 15.10% CAGR from 2023 to 2032.

The global music streaming market is poised to increase from USD 46.71 billion in 2024 to USD 268.5 billion by 2037, demonstrating a CAGR of more than 14.4% throughout the forecast timeline, from 2025 to 2037. Key industry players include Spotify, Aspiro AB, SoundCloud, Inc. and Repost Network Inc., among others.

According to Cognitive Market Research, the global Digital Music Content market size is USD 8951.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 3580.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2685.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2058.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 447.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 179.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The Permanent Downloads held the highest Digital Music Content market revenue share in 2024.

Market Dynamics of Digital Music Content Market

Key Drivers for Digital Music Content Market

Streaming Boom to Increase the Demand Globally

The music industry has witnessed a seismic shift with the ascent of streaming offerings like Spotify, Apple Music, and Amazon Music. Subscription-based total models offer customers with boundless right of entry to to considerable tune libraries, catering to numerous tastes and options. This comfort, coupled with on-call for streaming competencies, has propelled market growth exponentially. Consumers now revel in extraordinary flexibility in discovering and having access to music anytime, everywhere, riding a surge in subscriptions and revenue. This streaming boom has no longer simplest revolutionized how track is fed on but has additionally converted the industry's financial landscape, shaping new tendencies and opportunities for artists, labels, and listeners alike.

Mobile Device Penetration to Propel Market Growth

The ubiquity of smartphones and capsules has revolutionized get admission to to virtual song content, fostering unparalleled comfort and expanding the customer base. With mobile devices seamlessly included in everyday lifestyles, individuals can effortlessly enjoy track on the move, whether commuting, exercising, or relaxing. This pervasive accessibility transcends geographical and temporal barriers, catering to various lives and possibilities. Moreover, the intuitive interfaces and sturdy connectivity of cellular gadgets decorate user stories, facilitating seamless exploration and discovery of tracks throughout platforms. Consequently, the massive penetration of cellular gadgets has basically altered the track intake panorama, democratizing admission to and empowering users to curate personalized listening studies wherever they are .

Restraint Factor for the Digital Music Content Market

Piracy to Limit the Sales

Despite concerted efforts to combat piracy, unlawful music downloading and streaming persist as good sized demanding situations within the enterprise. This ongoing phenomenon now not simplest undermines the sales streams of artists and rights holders but additionally disrupts the integrity of highbrow assets rights. Despite diverse measures, which include legal actions, anti-piracy campaigns, and technological improvements in digital rights management, piracy remains a persistent hurdle. Factors just as the proliferation of torrent sites, streaming platforms hosting unauthorized content material, and the anonymity afforded by using positive online areas contribute to its resilience. Addressing piracy calls for a multifaceted technique, encompassing each legal and technological strategy, along with initiatives to educate customers approximately the significance of helping artists and respecting copyright laws.

Impact of Covid-19 on the Digital Music Content Market

The COVID-19 pandemic has exerted a profound impact on the digital track content marketplace, reshaping consumption patterns and sales streams. With lockdowns and social distancing measures, there is a surge in online music streaming as humans seek amusement and solace at domestic. However, stay events cancellations h...

Global Music Streaming Market size & share estimated to surpass USD 108.04 million by 2032, to grow at a CAGR of 13.00% during the forecast period.

According to Cognitive Market Research, the global Online Music market size is USD 31514.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 12605.7 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031. 
Europe accounted for a share of over 30% of the global market size of USD 9454.3 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 7248.3 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 1575.7 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 630.3 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
On-demand streaming held the highest Online Music market revenue share in 2024.

Market Dynamics of Online Music Market

Key Drivers for Online Music Market

Rise of Streaming Services in Projection Technology to Increase the Demand Globally

The rise of streaming services has fundamentally transformed the online music market by offering unprecedented access to vast catalogs of songs, albums, and playlists. Streaming platforms like Spotify, Apple Music, and Amazon Music have revolutionized music consumption by providing convenient, on-demand access to music anytime, anywhere. This shift from ownership to access has democratized music consumption, allowing users to explore and discover new music without the need to purchase individual tracks or albums. Moreover, streaming services employ personalized recommendation algorithms and curated playlists to enhance user engagement and retention. The subscription-based revenue model adopted by streaming platforms generates recurring revenue streams, driving market growth and incentivizing investments in content acquisition, artist promotion, and platform development, thus solidifying their position as the dominant force in the online music industry.

Technological Advancements to Propel Market Growth

Technological advancements play a pivotal role in driving the online music market forward. Innovations in streaming technologies, such as high-definition audio, adaptive streaming, and seamless cross-device synchronization, enhance the user experience and accessibility of music content. Machine learning algorithms power personalized recommendation systems, curating playlists tailored to individual preferences and driving user engagement. Integration with smart devices and virtual assistants enables hands-free music playback and voice-controlled navigation, further enhancing convenience and accessibility. Additionally, advancements in digital rights management (DRM) and anti-piracy measures protect intellectual property rights and ensure fair compensation for artists and rights holders. Overall, technological advancements continually push the boundaries of what's possible in the online music industry, shaping the way consumers discover, access, and interact with music in the digital age.

Restraint Factor for the Online Music Market

Piracy and Copyright Infringement To Hamper Sales

Piracy and copyright infringement present significant challenges to the online music market by undermining the value of licensed music content and reducing revenue streams for artists, record labels, and streaming platforms. Illegally downloaded or streamed music competes with legal streaming services, diverting potential subscribers and advertising revenue. Moreover, piracy diminishes the perceived value of music, discouraging consumers from paying for legitimate access to content. The ease of sharing and accessing pirated music online further exacerbates the problem, making it difficult to enforce copyright laws effectively. Piracy also impacts the bargaining power of rights holders in negotiations with streaming platforms, leading to lower royalty rates and potentially limiting the availability of licensed music. Addressing piracy requires robust enforcement measures, technological solutions, and consumer education efforts to protect intellectual property rights and sustain a thriving online mu...

The global music streaming industry continues to grow, with revenue rising by 10.4 percent in 2023, compared to the previous year. This increase, while significant, marks a substantial slowdown from the peak of 65.1 percent that revenue had grown year-on-year in 2016. Despite the deceleration, streaming now accounts for over 67 percent of total global recorded music revenue, highlighting its dominant position in the industry. Streaming's financial dominance Streaming revenues reached an all-time high of 19.3 billion U.S. dollars worldwide in 2023, more than seven times the 2.6 billion recorded in 2015. This surge in streaming revenue has reshaped the music landscape, with physical sales declining dramatically. In the United States, streaming now makes up 84 percent of music industry revenue, a stark contrast to the mere 11 percent generated by physical sales in 2023. Market leader Spotify Spotify remains the dominant force in the streaming market, commanding 31.7 percent of global music streaming subscribers. The company's revenue has grown substantially, with premium subscriber revenue reaching close to four billion euros in the third quarter of 2024. However, Spotify faces challenges in achieving profitability, reporting significant operating losses in recent years. Despite these hurdles, the streaming market continues to expand, with Spotify reaching 640 million active users worldwide in the third quarter of 2024, a 12 percent increase year-over-year.

The global music streaming industry continues to grow, with revenue rising by 7.3 percent in 2024, compared to the previous year. This increase, while significant, marks a substantial slowdown from the peak of 65.1 percent that revenue had grown year-on-year in 2016. Despite the deceleration, streaming now accounts for over 69 percent of total global recorded music revenue, highlighting its dominant position in the industry. Streaming's financial dominance Streaming revenues reached an all-time high of 20.4 billion U.S. dollars worldwide in 2024, nearly eight times the 2.6 billion recorded in 2015. This surge in streaming revenue has reshaped the music landscape, with physical sales declining dramatically. In the United States, streaming now makes up 84 percent of music industry revenue, a stark contrast to the mere 11 percent generated by physical sales in 2024. Market leader Spotify Spotify remains the dominant force in the streaming market, commanding 31.7 percent of global music streaming subscribers. The company's revenue has grown substantially, with premium subscriber revenue reaching close to four billion euros in the third quarter of 2024. However, Spotify faces challenges in achieving profitability, reporting significant operating losses in recent years. Despite these hurdles, the streaming market continues to expand, with Spotify reaching 640 million active users worldwide in the third quarter of 2024, a 12 percent increase year-over-year.

The global recorded music market, valued at $25.06 billion in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 20.6% from 2025 to 2033. This significant expansion is driven by several key factors. The rise of streaming platforms has democratized music access, leading to increased consumption and revenue generation for artists and labels. Simultaneously, the resurgence of vinyl records and the growth of digital downloads cater to diverse consumer preferences, broadening the market appeal. Technological advancements, such as high-resolution audio streaming and immersive audio experiences, further enhance the listening experience and fuel market growth. Furthermore, effective marketing strategies leveraging social media and targeted advertising campaigns have proven successful in driving engagement and boosting sales. The market is segmented into digital, physical, and other formats, with digital music dominating the revenue share due to its convenience and widespread accessibility. Major players like Universal Music Group, Sony Music, and Warner Music Group hold significant market share, but a growing number of independent labels and artists are also contributing to the market's dynamism. Geographical growth varies, with North America and Europe currently leading, but the Asia-Pacific region is expected to exhibit strong growth potential in the coming years due to its increasing digital penetration and rising disposable incomes. Despite this positive outlook, challenges remain, including concerns about artist compensation in the streaming model and copyright infringement. Navigating these challenges will be crucial for maintaining the market's sustainable growth trajectory. The future of the recorded music market hinges on innovation and adaptation. Continued investment in new technologies, such as artificial intelligence for music creation and personalized listening experiences, will be vital in maintaining consumer interest. Strategic partnerships between streaming platforms, artists, and labels are essential to ensure fair compensation and foster creative collaboration. Effective anti-piracy measures are also crucial in safeguarding the interests of all stakeholders. Moreover, expansion into emerging markets and the cultivation of new revenue streams, such as branded content and music-related merchandise, will be pivotal for long-term growth. The industry's ability to embrace these changes will directly influence its success and overall market valuation in the years to come. Careful monitoring of consumer trends and technological advancements will be crucial for navigating this dynamic landscape.

In the third quarter of 2023, 31.7 percent of music streaming subscribers worldwide had a subscription with Spotify, more than double the share who were subscribed to the second-ranked Tencent Music. Other services in the list included Apple Music, Amazon, and YouTube. Beyond Spotify – other streaming services Spotify may be the biggest music streaming service in the world, but despite its arguably immense popularity and impressive number of subscribers, it hasn’t achieved global domination just yet. French service Deezer has more than tripled its worldwide subscriber base in the last few years, and although its subscriber numbers don’t come close to Spotify’s, Deezer’s growth goes to show that Spotify hasn’t quite won the hearts of every music streaming fans out there. Another popular streaming service used worldwide is Apple Music, which is in constant competition with Spotify in the United States in particular. Regardless of subscriber numbers though, in the U.S. Spotify is still considered more preferable than Apple Music. Apple is often reluctant to publish their customer numbers, though sources in early 2019 suggested that the service had overtaken Spotify in the U.S. in terms of paid subscribers. That said, Spotify still held the biggest share of overall users, and trends suggest that this will continue.

In fiscal year 2019, the revenue earned by the music streaming market across India amounted to around eleven billion Indian rupees. This was expected to reach up to 29 billion rupees by fiscal year 2024, marking a compounded growth rate of 20 percent.

Snapshot img

Music Market Size 2025-2029

The music market size is forecast to increase by USD 184.69 billion at a CAGR of 18.1% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing adoption of digital music formats. This shift towards digital music is transforming the way consumers access and engage with music. Additionally, mergers and acquisitions, as well as strategic alliances among companies, are on the rise, contributing to market expansion. According to industry reports, mobile data traffic related to music streaming is expected to increase substantially during the forecast period.
However, challenges persist, including the issue of illegal downloads and piracy, which continue to impact revenue growth. YouTube Music, a prominent player in the music streaming services market, offers an extensive catalog of songs and videos, making it a go-to destination for music enthusiasts. These trends and challenges highlight the dynamic nature of the market and the need for industry players to stay informed and adapt to changing consumer preferences and market conditions.

What will be the Size of the Market During the Forecast Period?

Request Free Sample

The music industry has experienced significant shifts in recent years, with the rise of digital platforms and intelligent devices revolutionizing the way consumers engage with music. Bollywood, the Indian film industry, has also embraced digital platforms, with artists like Divine and Naezy gaining popularity through YouTube and other music streaming services. The recording industry's internationalization has led to a more diverse and inclusive music community, where artists from various genres and regions can reach a global audience. The live business, once dominated by traditional concert venues, has also evolved, with digital platforms offering live streaming services. Nielsen, a leading measurement and data analytics company, reports that music streaming services accounted for 83% of the total music industry revenue in 2020.
Moreover, Apple Music and Tencent Music are other significant players in the music streaming services market, offering features such as playlist customization and in-app purchases. Digital platforms have also extended their reach to desktop applications and mobile apps, allowing users to access music on various devices. The music industry's digital economy has also influenced other sectors, such as social networking and the games industry, where music plays a crucial role in creating engaging user experiences. The bottom-up approach to music streaming services, where users can curate their playlists, has led to a more personalized and interactive experience for consumers. In conclusion, the music industry's digital transformation has led to a more dynamic and inclusive market, where consumers can access music through various digital platforms and devices. The modeling approach to music streaming services has allowed for more personalized and interactive experiences, making music a significant contributor to the digital economy.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Individual
  Commercial


Source

  Recording
  Live
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    Japan
    South Korea


  South America



  Middle East and Africa

By End-user Insights

The individual segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth due to advancements in network infrastructure and the proliferation of intelligent devices and digital platforms. The increasing availability of high-speed Internet services, such as 4G and 5G, has enabled music streaming services to reach a wider audience, particularly on mobile devices. This trend is driving the growth of the individual user segment in the market. The ability to access high-quality music from anywhere at any time, facilitated by 4G and 5G networks, is a key factor contributing to this growth. The music industry, including artists and the music community, are benefiting from this trend as it provides new opportunities for monetization and engagement with fans.

Get a glance at the market report of share of various segments Request Free Sample

The Individual segment was valued at USD 73.33 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 40% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the

In 2024, Spotify alone concentrated 73.4 percent of all subscriptions to music streaming services in Mexico. Amazon Music and YouTube followed, with market shares of 8.5 and 7.5 percent, respectively. Music streaming more popular than radio in MexicoRegional data points to a comparatively higher interest in online music among Mexicans than in the other countries in Latin America. Mexico ranks second in the region when it comes to daily time spent with music streaming services. On the other hand, broadcast radio listening time in Mexico is much lower compared to other countries in Latin America. For the most part, Mexican listeners turn to digital sources of music, including paid and free streaming, downloads, music videos, and online radio. Traditional and physical methods of music consumption in Mexico, such as CDs, vinyl, or analog radio are much less popular. It therefore comes as no surprise that the share of households in Mexico with a radio device is constantly declining1 while consumers are switching to online sources of music.

Overview

Streaming Services Statistics: Streaming services have transformed the entertainment landscape, revolutionizing how people consume content.

The advent of high-speed internet and the proliferation of smart devices have fueled the growth of these platforms, offering a wide array of movies, TV shows, music, and more, at the viewers' convenience.

This introduction provides an overview of key statistics that shed light on the impact, trends, and challenges within the streaming industry.

The digital music download industry in the United States has witnessed substantial changes in recent years. With the proliferation of streaming services, demand for digital downloads has noticeably declined. Platforms like Spotify, Apple Music and Amazon Music have gained a significant foothold, providing consumers with expansive music libraries through subscription services. This shift signifies a consumer trend toward convenience and cost-effectiveness as the need to purchase individual tracks or albums diminishes. This phenomenon has prompted digital platforms to diversify, seeking new revenue opportunities, such as concert ticket sales and exclusive merchandise offerings, to offset the shrinking download market. Industry revenue has been declining at a CAGR of 15.5% over the past five years and is expected to total $342.5 million in 2025, when revenue will jump by an estimated 10.3%. Over the past five years, the US digital music download industry has faced a challenging landscape. The competition among e-tailers like iTunes or Amazon Music has led to pricing wars that have continuously eroded profit, compelling businesses to aggressively cut prices. This environment has sparked a dynamic in which short-term sales might surge during discounts, yet long-term profitability remains elusive. Moreover, the rise of direct-to-consumer sales has begun to redefine industry norms. Artists who once relied on e-tailers have turned to platforms like Bandcamp, bypassing intermediaries and maximizing revenue. Despite these hurdles, a niche market persists for high-resolution audio formats among audiophiles, offering some stability in premium download sales. Looking ahead, the outlook for digital music downloads in the US suggests weakening as streaming's dominance grows. With consumers increasingly preferring access over ownership, the industry must continually adapt to these shifting preferences. Streaming’s ongoing growth highlights the urgency for download-focused entities to develop alternative strategies, including leveraging exclusive content and bundling experiences with other products to remain relevant. Price sensitivity is anticipated to intensify, urging businesses to emphasize premium offerings that can withstand the downward pressure on standard download prices. As direct artist-to-fan sales gain traction, e-tailers must innovate to maintain a competitive edge in a transforming music ecosystem. Industry revenue is expected to fall at a CAGR of 9.6% to $206.5 billion over the five years to 2030.

The revenue change in the 'Music Streaming' segment of the digital media market in Vietnam was forecast to continuously decrease between 2024 and 2027 by in total 4.8 percentage points. After the third consecutive decreasing year, the indicator is estimated to reach 4.31 percent and therefore a new minimum in 2027. Find other key market indicators concerning the number of users and average revenue per user (ARPU). The Statista Market Insights cover a broad range of additional markets.

The number of users in the 'Music Streaming' segment of the digital media market in India was forecast to continuously increase between 2024 and 2027 by in total 14 million users (+15.53 percent). After the tenth consecutive increasing year, the indicator is estimated to reach 104.13 million users and therefore a new peak in 2027. Notably, the number of users of the 'Music Streaming' segment of the digital media market was continuously increasing over the past years. The Statista Market Insights cover a broad range of additional markets.

Snapshot img

Music Publishing Market Size 2024-2028

The music publishing market size is forecast to increase by USD 3.81 bn at a CAGR of 8.95% between 2023 and 2028.

The market is experiencing significant growth, driven by the expansion of the global music industry and the increasing advertising spend. The music industry's revenue growth is fueled by the rise in streaming services, digital downloads, and synch licensing. Additionally, the advertising industry's growing reliance on music for branding and marketing campaigns is creating new opportunities for music publishers. However, challenges persist, including the lack of clear ownership of streaming music and the complexities of integrating digital rights management systems. These issues require innovative solutions to ensure fair compensation for music creators and publishers while maintaining consumer access to music. Overall, the market trends indicate a promising future for music publishing, with opportunities for growth in licensing, digital distribution, and technology innovation.

What will be the Size of the Music Publishing Market During the Forecast Period?

Request Free SampleThe market encompasses the licensing and monetization of musical compositions through various channels. This market is characterized by the licensing of rights for use in various forms, including performance royalties and synchronization royalties. Performance rights organizations play a crucial role in collecting and distributing performance royalties, while copyright laws govern the ownership and usage of musical compositions. Digital technology and digital streaming services have significantly impacted the market, driving substantial growth in digital revenue. Licensing agreements between music publishers and digital streaming platforms have become increasingly common. Consolidation withIn the industry, driven by the need for economies of scale, has also been a notable trend.Blockchain technology, royalty tracking, artificial intelligence, and machine learning are emerging technologies that have the potential to revolutionize music publishing by improving copyright management, reducing copyright infringement and piracy, and enabling more efficient royalty distribution. The market is segmented into performance royalties, synchronization royalties, and revenue from physical sales and live performances. Songwriters and composers are key stakeholders in this dynamic market, which continues to evolve in response to technological advancements and changing consumer preferences. Music festivals and other live events also represent significant revenue opportunities for music publishers.

How is this Music Publishing Industry segmented and which is the largest segment?

The music publishing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ProductLive performanceDigital salesPhysical salesSynchronizationOthersApplicationCommercialCommon wealGeographyNorth AmericaUSAPACChinaJapanEuropeGermanyUKSouth AmericaMiddle East and Africa

By Product Insights

The live performance segment is estimated to witness significant growth during the forecast period. The market encompasses the licensing and distribution of musical compositions for various revenue streams, including digital streaming services, physical sales, live performances, and synchronization. Digital technology and digital streaming services have significantly impacted the industry, leading to an increase in digital revenue. Consolidation among industry players, adoption of blockchain technology for royalty tracking, and the integration of artificial intelligence and machine learning for copyright protection are key trends. Copyright infringement and piracy continue to pose challenges, while performance and synchronization royalties remain significant revenue sources. Performance royalties are particularly relevant for live music events, which are experiencing increased demand due to the growing number of musicians and artists.Major music festivals, such as Electric Daisy Carnival, Tomorrowland, New Orleans Jazz and Heritage Festival, Sziget Festival, Rock in Rio, and Liverpool Sound City, attract large audiences and generate substantial licensing fees. Music rights management is crucial for independent musicians, composers, record labels, and publishing agreements to ensure proper copyright protection and revenue collection. Digital platforms, social media, and subscription-based services have expanded the global reach of music, benefiting both established and emerging artists.

Get a glance at the market report of various segments Request Free Sample

The Live performance segment was valued at USD 1.68 bn in 2018 and showed a gradual increase during the forecast period.

Regional A

After several years of strong growth, the sales value of music streaming in Japan reached approximately 105.6 billion Japanese yen in 2023. The market consists of the segments subscription audio, subscription music videos, ad-supported audio, and ad-supported music videos. As a breakdown of the market shows, subscription-based audio is by far the largest segment of the market.