Revenue in the Music Streaming segment is projected to reach US$282.10m in 2022.
Revenue is expected to show an annual growth rate (CAGR 2022-2027) of 10.72%, resulting in a projected market volume of US$469.30m by 2027.
In global comparison, most revenue will be generated in the United States (US$11,040.00m in 2022).
In the Music Streaming segment, the number of users is expected to amount to 56.0m users by 2027.
User penetration will be 2.9% in 2022 and is expected to hit 4.1% by 2027.
Music Streaming services, e.g. Spotify, Deezer or Apple Music, offer unlimited access to their content libraries for a monthly subscription fee (without any advertising). Music can be streamed to various connected devices. Ad-supported services, with forced commercial breaks between the tracks, internet radio or video streams (e.g. YouTube) are not included.
Subscription-based (without any advertising) unlimited access to music streaming services