Revenue in the Digital Music segment is projected to reach US$31.73bn in 2022.
Revenue is expected to show an annual growth rate (CAGR 2022-2027) of 7.17%, resulting in a projected market volume of US$44.85bn by 2027.
The largest segment is Music Streaming with a market volume of US$30.33bn in 2022.
In global comparison, most revenue will be generated in the United States (US$11,480.00m in 2022).
In the Digital Music segment, the number of users is expected to amount to 1,491m users by 2027.
User penetration will be 15.8% in 2022 and is expected to hit 18.8% by 2027.
Digital Music is defined as audio content that is distributed to the end-user over the internet. This includes paid digital downloads of professionally produced single tracks or albums/compilations as well as subscription-based on-demand streaming services. Ad-supported services, internet radio, video streams and audio books are not included.
Digital audio content that is distributed to the end-user over the Internet
Paid digital downloads of single tracks or albums/compilations