Music Streaming Market Size and Trends

Global Music Streaming Market is estimated to be valued at USD 47.06 Bn in 2025 and is expected to reach USD 143.89 Bn by 2032, growing at a compound annual growth rate (CAGR) of 17.3% from 2025 to 2032.

Key Takeaways from the Music Streaming Market Report:

On-demand Streaming is expected to contribute the highest market share of 51.8% in 2025.
Audio is expected to contribute the highest market share of 49.8% in 2025.
Individual user segment is expected to contribute the highest market share of 56.8% in 2025.
North America is a leading market with a projected growth of 44.6% market share in 2025.

Market Overview:

The music streaming market is expected to witness significant growth during the forecast period. Factors such as growing adoption of smartphones and smart gadgets, increasing internet penetration across the globe, and changing consumer preference towards streaming music online rather than owning physical copies are expected to drive the growth of the market. Additionally, ongoing technological advancements in streaming services allowing users to access music on the go through their mobile apps along with feature enhancements like improved audio quality, personalized playlists, and offline listening are further propelling the demand for music streaming. Major players in the market are focusing on expanding their music libraries and constantly updating their catalogs to provide users with access to a large volume and variety of songs in different genres and languages.