Revenue in the Music Streaming segment is projected to reach C$0.66bn in 2022.
Revenue is expected to show an annual growth rate (CAGR 2022-2027) of 5.36%, resulting in a projected market volume of C$0.85bn by 2027.
In global comparison, most revenue will be generated in the United States (C$13,920.00m in 2022).
In the Music Streaming segment, the number of users is expected to amount to 9.4m users by 2027.
User penetration will be 19.7% in 2022 and is expected to hit 23.6% by 2027.
In the year 2021 a share of 38.2% of users is in the high income group.
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