Digital Markets Digital Media

Digital Music

  • Singapore
  • Revenue in the Digital Music segment is projected to reach US$60m in 2021.
  • Revenue is expected to show an annual growth rate (CAGR 2021-2025) of 14.17%, resulting in a projected market volume of US$102m by 2025.
  • The largest segment is Music Streaming with a market volume of US$58m 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 2.5m users by 2025.
  • User penetration will be 32.9% in 2021 and is expected to hit 41.9% by 2025.
 
 
 
 
 
 
 
 
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