Burlingame, CA, May 12, 2025 (GLOBE NEWSWIRE) — Coherent Market Insights published a report, titled, the global Music Streaming Market size is calculated at USD 47.06 billion in 2025 and is forecasted to reach around USD 143.89 billion by 2032, accelerating at a CAGR of 17.3% from 2025 to 2032. The rising consumption of digital music across multiple devices. The widespread adoption of smartphones, enhanced internet connectivity, and faster data networks has led an increasing number of consumers to prefer music streaming services, such as Spotify AB, Apple Inc., and Amazon.com, Inc. (Amazon Music) over traditional media sources.
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Global Music Streaming Market Key Takeaways
• According to Coherent Market Insights (CMI), the global music streaming market size is expected to expand more than 3X, growing from USD 47.06 Bn in 2025 to USD 143.89 Bn by 2032.
• Based on services, on-demand streaming segment is set to account for more than half of the global music streaming market share in 2025.
• In terms of content, audio segment is anticipated to account for nearly 1/2 of the total revenue share in 2025.
• By end user, individual segment is expected to account for around USD 26.73 Bn in 2025.
• North America is anticipated to lead the global industry, accounting for revenues worth USD 20.98 Bn in 2025. This is attributable to increasing use of music streaming for social interactions and strong presence of global streaming platforms.
• As per Coherent Market Insights’ latest music streaming market analysis, Asia Pacific is expected to experience fastest growth, owing to rising popularity of music streaming apps and expansion of music streaming services into emerging markets like India and China. It is projected to account for more than one-third of the global music streaming market revenue share in 2025.
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Growing Popularity of Digital Music Fueling Market Growth
Coherent Market Insights’ latest music streaming market report highlights promiment factors fueling industry growth. One such factor is the increasing consumption of digital music across various devices.
The global penetration of smartphones and high-speed internet is increasing rapidly throughout the world. According to the International Telecommunication Union (ITU), about 5.5 billion people were using the internet in 2024.
Thanks to high smartphone and internet penetration, more consumers are turning to music streaming platforms like Apple Music and Spotify. They are gradually moving away from traditional media sources like CDs and vinyl toward music streaming services. This rising popularity of digital music is expected to boost global music streaming market growth.
Music streaming services give consumers instant access to millions of songs from the comfort of their homes. This convenience and flexibility will also play a key role in driving demand for music streaming services in the coming years.
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