Revenue in the Music, Radio & Podcast segment is projected to reach US$1,233.00m in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 4.14%, resulting in a projected market volume of US$1,450.00m by 2027.
The largest segment is Digital Music with a market volume of US$580.10m in 2023.
In global comparison, most revenue will be generated in the United States (US$37,820.00m in 2023).
In the Music, Radio & Podcast segment, the number of listeners is expected to amount to 635.1m users by 2027.
User penetration in the Music, Radio & Podcast segment is expected to be at 43.3% in 2023.
The average revenue per user (ARPU) is expected to amount to US$4.17.
The Music, Radio & Podcasts segment comprises all revenues generated by traditional and digital radio advertising, consumer purchases of live music event tickets, all sales of tangible audio recording formats, paid digital downloads of professionally produced single tracks/compilations, ad-supported services, and subscription-based, on-demand streaming services.
Non-audio services, such as video streaming and pay-TV, are not included in this segment.
Detailed definitions can be found in the individual market segments.
Consumer spending on live music event tickets
Sales of tangible audio recording formats (e.g., CDs)
Paid digital music downloads
Ad-supported and subscription-based, on-demand audio streaming services