Hungary: digital music market revenue forecast 2027

The revenue in the 'Digital Music' segment of the digital media market in Hungary was forecast to continuously increase between 2024 and 2027 by in total 5.3 million U.S. dollars (+13.98 percent). After the tenth consecutive increasing year, the indicator is estimated to reach 43.15 million U.S. dollars and therefore a new peak in 2027. Notably, the revenue of the 'Digital Music' segment of the digital media market was continuously increasing over the past years.

Find further information concerning the revenue in the 'ebooks' segment of the media market in the world and the revenue in the 'games' segment of the media market in the United States.

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Forecast of the digital music market revenue in Hungary from 2017 to 2027 (in million U.S. dollars)

Characteristic	Revenue in million U.S. dollars
2027	43.15
2026	41.84
2025	40.23
2024	37.9
2023	34.9
2022	32
2021	29.41
2020	25.58
2019	19.14
2018	15.47
2017	12.81

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Release date

January 2024

More information

Region

Hungary

Survey time period

2017 to 2027

Supplementary notes

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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