Us Music on Demand Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Music on Demand Market was valued at USD 20 Billion in 2022 and is projected to reach USD 36 Billion by 2030, growing at a CAGR of 8% from 2024 to 2030.
The U.S. music on-demand market has experienced remarkable growth, driven by technological advancements and shifting consumer preferences. As of 2024, on-demand audio streaming consumption in the United States reached 665.8 billion streams, marking an 8% increase from the previous year. This surge underscores the escalating demand for accessible and personalized music experiences. Music streaming now constitutes 84% of the U.S. music industry revenue, with 82.1 million Americans subscribing to on-demand services. The average American streams music for 75 minutes daily, highlighting the integral role of music in daily life. citeturn0search6 The market is dominated by platforms such as Spotify, Apple Music, and Amazon Music, which offer extensive libraries and personalized playlists. These services have transformed music consumption, providing users with the ability to access a vast array of songs at their convenience. In 2024, the global music industry achieved a record of 4.8 trillion streams, a 14% increase from 2023. The U.S. contributed significantly, with on-demand audio streams reaching 1.4 trillion, a 6.4% rise. Women pop performers, including Taylor Swift and Billie Eilish, led the surge in the U.S., with pop overtaking Latin music as the fastest-growing genre. citeturn0news24 Despite the growth, the industry faces challenges. The financial model of streaming platforms has been criticized for favoring service providers over artists, leading to debates about fair compensation and the sustainability of the current model. Additionally, the dominance of major platforms has raised concerns about market consolidation and its impact on diversity and innovation within the music industry. Looking ahead, the U.S. music on-demand market is poised for continued expansion. Innovations in artificial intelligence and machine learning are enhancing personalized user experiences, while the integration of music streaming with other media forms, such as podcasts and live events, is creating new avenues for engagement. The market's evolution will depend on balancing technological advancements with fair compensation for artists and maintaining a diverse and vibrant music ecosystem.
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Apple Music
Deezer
Google Play Music
Microsoft
Pandora Media
Rdio
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Music on Demand Market
Individual Users
Family Plans
Students
Senior Citizens
Ad-supported Free Model
Premium Subscription
Family Subscription Plans
Student Discounts
Music Streaming
Music Downloads
Podcasts
Live Concert Streaming
Casual Listeners
Enthusiasts
Super Fans
Content Creators (e.g., Influencers)
Mobile Devices
Desktop/Laptop Computers
Smart Speakers
Wearable Technology
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Music on Demand Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Music on Demand Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Music on Demand Market, By Type
6. Global Music on Demand Market, By Application
7. Global Music on Demand Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Music on Demand Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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