Significant fluctuations are estimated for all segments over the forecast period for the revenue change. The indicator decreases towards the end of the forecast period only in the segment Music Streaming, while the remaining segments follow a positive trend. The difference between 2019 and 2027 amounts to an absolute value of 12.86 percent.
Data provided by Statista Market Insights are estimates.
Definition:
Digital music refers to music that is stored, transmitted, and accessed in a digital format, typically through electronic devices such as computers, smartphones, tablets, and digital audio players. Digital music can be created, distributed, and consumed entirely in digital form, without the need for physical media such as CDs, vinyl records, or cassette tapes. Digital music can be in various file formats, such as MP3, AAC, FLAC, or WAV, and can be downloaded, streamed, or purchased online from digital music platforms, online stores, or streaming services. Digital music has revolutionized the way music is produced, distributed, and consumed, providing greater accessibility, convenience, and flexibility for music lovers around the world.
Structure:
The market consists out of music streaming, which is the streaming of music through apps on a subscription basis, music downloads, which is the download of music on a device, music streaming advertising and podcast advertising, which are the advertising spendings in each of the markets.
Additional Information:
The market comprises revenues, users, average revenue per user, and penetration rates. Revenues are generated through purchases and subscriptions. Market numbers for digital music can also be found in the advertising and media topic. Key players in the market are companies, such as Spotify, Apple or Amazon.
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Statista. (January 3, 2024). Revenue growth of digital music in the Nordic countires from 2019 to 2027, by segment [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/forecasts/1314296/nordics-digital-music-revenue-growth-by-segment
Statista. "Revenue growth of digital music in the Nordic countires from 2019 to 2027, by segment." Chart. January 3, 2024. Statista. Accessed October 31, 2024. https://www.statista.com/forecasts/1314296/nordics-digital-music-revenue-growth-by-segment
Statista. (2024). Revenue growth of digital music in the Nordic countires from 2019 to 2027, by segment. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/forecasts/1314296/nordics-digital-music-revenue-growth-by-segment
Statista. "Revenue Growth of Digital Music in The Nordic Countires from 2019 to 2027, by Segment." Statista, Statista Inc., 3 Jan 2024, https://www.statista.com/forecasts/1314296/nordics-digital-music-revenue-growth-by-segment
Statista, Revenue growth of digital music in the Nordic countires from 2019 to 2027, by segment Statista, https://www.statista.com/forecasts/1314296/nordics-digital-music-revenue-growth-by-segment (last visited October 31, 2024)
Revenue growth of digital music in the Nordic countires from 2019 to 2027, by segment [Graph], Statista, January 3, 2024. [Online]. Available: https://www.statista.com/forecasts/1314296/nordics-digital-music-revenue-growth-by-segment