Music Streaming Market Insights Video

According to Cognitive Market Research, the global Music Streaming market size was USD 34524.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 15.20% 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 13809.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.4% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 552.66 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 7940.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.2% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 1726.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.6% 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 690.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.9% from 2024 to 2031.
• The On-demand streaming is the fastest growing segment of the Music Streaming industry