Digital Music

  • Saudi Arabia
  • Revenue in the Digital Music segment is projected to reach US$92m in 2021.
  • Revenue is expected to show an annual growth rate (CAGR 2021-2025) of 8.65%, resulting in a projected market volume of US$128m by 2025.
  • The largest segment is Music Streaming with a market volume of US$80m in 2021.
  • In global comparison, most revenue will be generated in the United States (US$9,265m in 2021).
  • In the Digital Music segment, the number of users is expected to amount to 7.7m users by 2025.
  • User penetration will be 17.7% in 2021 and is expected to hit 20.5% by 2025.
  • The usage share of Spotify amounts to an estimated 45% of the Digital Music segment and the selected region in 2020.
  • In the year 2020 a share of 43.2% of users is in the high income group.
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