The number of users is forecast to experience significant growth in all segments in 2027. Concerning the two selected segments, the segment Music Streaming has the largest number of users with 161.34 million users. Contrastingly, Music Downloads is ranked last, with 46.93 million users. Their difference, compared to Music Streaming, lies at 114.41 million users.
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). Number of digital music users in the United States from 2017 to 2027, by format (in millions) [Graph]. In Statista. Retrieved December 05, 2024, from https://www.statista.com/forecasts/455716/digital-music-users-format-digital-market-outlook-usa
Statista. "Number of digital music users in the United States from 2017 to 2027, by format (in millions)." Chart. January 3, 2024. Statista. Accessed December 05, 2024. https://www.statista.com/forecasts/455716/digital-music-users-format-digital-market-outlook-usa
Statista. (2024). Number of digital music users in the United States from 2017 to 2027, by format (in millions). Statista. Statista Inc.. Accessed: December 05, 2024. https://www.statista.com/forecasts/455716/digital-music-users-format-digital-market-outlook-usa
Statista. "Number of Digital Music Users in The United States from 2017 to 2027, by Format (in Millions)." Statista, Statista Inc., 3 Jan 2024, https://www.statista.com/forecasts/455716/digital-music-users-format-digital-market-outlook-usa
Statista, Number of digital music users in the United States from 2017 to 2027, by format (in millions) Statista, https://www.statista.com/forecasts/455716/digital-music-users-format-digital-market-outlook-usa (last visited December 05, 2024)
Number of digital music users in the United States from 2017 to 2027, by format (in millions) [Graph], Statista, January 3, 2024. [Online]. Available: https://www.statista.com/forecasts/455716/digital-music-users-format-digital-market-outlook-usa