Music Streaming - Africa | Statista Market Forecast

Revenue in the Music Streaming market is projected to reach US$372.80m in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 8.89%, resulting in a projected market volume of US$524.10m by 2027.
In global comparison, most revenue will be generated in the United States (US$10,200.00m in 2023).
In the Music Streaming market, the number of users is expected to amount to 58.54m users by 2027.
User penetration will be 3.5% in 2023 and is expected to hit 4.3% 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.

in-scope

Subscription-based (without any advertising) unlimited access to music streaming services

out-of-scope

Ad-supported services
Internet radio
Video streams (e.g. YouTube)

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