The global market for Music On-Demand was estimated at US$54.4 Billion in 2024 and is projected to reach US$106.1 Billion by 2030, growing at a CAGR of 11.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Music On-Demand market.
The on-demand music sector relies heavily on sophisticated algorithms to analyze user preferences, listening habits, and behavioral data to suggest new music and curate personalized playlists. This technology enhances user engagement by constantly introducing listeners to new music, aligning with their tastes and increasing the time spent on the platform. Moreover, social features, such as sharing playlists and seeing what friends are listening to, integrate community aspects into these platforms, further embedding them into social interactions and daily routines. The rise of high-speed internet and the proliferation of mobile technology have been pivotal, enabling seamless access to streaming services at home, work, or on the go. These technological advancements have also allowed artists to bypass traditional music distribution channels and directly reach global audiences, democratizing music production and distribution.
The growth in the music on-demand market is driven by several factors, including advances in mobile technology, changes in consumer preferences, and the evolving structure of the music industry itself. As smartphones and data connectivity have become ubiquitous, the convenience of accessing a vast music library anytime and anywhere has propelled the adoption of streaming services. Consumer behavior has shifted towards valuing accessibility and personalization over ownership of physical media like CDs or vinyl records. Furthermore, the economic model of music on-demand services, which relies on subscription fees and targeted advertising, offers a sustainable revenue stream while providing consumers with relatively low-cost access to a wide range of music. Additionally, collaborations between music streaming services and telecommunications companies, which bundle streaming subscriptions with mobile data plans, have also contributed to the market`s expansion. These factors, combined with the industry`s focus on customer experience and integration with other digital platforms, suggest a continued growth trajectory for music on-demand services, shaping the future of music consumption.
Global Music On-Demand Market - Key Trends and Drivers Summarized
Music on-demand represents a digital shift in the music industry, allowing users to select and listen to music tracks instantly from a vast library hosted online. This model is primarily facilitated through streaming services like Spotify, Apple Music, and Amazon Music, which have fundamentally changed how music is consumed. Users can access millions of songs across multiple devices - smartphones, tablets, computers, and smart speakers - without the need for physical storage. The services typically offer various subscription models, including freemium versions supported by advertisements and premium versions providing additional features like offline listening and ad-free streaming. This on-demand accessibility not only caters to the consumer`s desire for instant and unlimited access but also allows for personalized music experiences through playlists and recommendations tailored to individual tastes.The on-demand music sector relies heavily on sophisticated algorithms to analyze user preferences, listening habits, and behavioral data to suggest new music and curate personalized playlists. This technology enhances user engagement by constantly introducing listeners to new music, aligning with their tastes and increasing the time spent on the platform. Moreover, social features, such as sharing playlists and seeing what friends are listening to, integrate community aspects into these platforms, further embedding them into social interactions and daily routines. The rise of high-speed internet and the proliferation of mobile technology have been pivotal, enabling seamless access to streaming services at home, work, or on the go. These technological advancements have also allowed artists to bypass traditional music distribution channels and directly reach global audiences, democratizing music production and distribution.
The growth in the music on-demand market is driven by several factors, including advances in mobile technology, changes in consumer preferences, and the evolving structure of the music industry itself. As smartphones and data connectivity have become ubiquitous, the convenience of accessing a vast music library anytime and anywhere has propelled the adoption of streaming services. Consumer behavior has shifted towards valuing accessibility and personalization over ownership of physical media like CDs or vinyl records. Furthermore, the economic model of music on-demand services, which relies on subscription fees and targeted advertising, offers a sustainable revenue stream while providing consumers with relatively low-cost access to a wide range of music. Additionally, collaborations between music streaming services and telecommunications companies, which bundle streaming subscriptions with mobile data plans, have also contributed to the market`s expansion. These factors, combined with the industry`s focus on customer experience and integration with other digital platforms, suggest a continued growth trajectory for music on-demand services, shaping the future of music consumption.
SCOPE OF STUDY:
The report analyzes the Music On-Demand market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: Type (Music Streaming, Radio On-Demand)
- Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Music Streaming segment, which is expected to reach US$80.3 Billion by 2030 with a CAGR of a 12.5%. The Radio On-Demand segment is also set to grow at 9.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $14.7 Billion in 2024, and China, forecasted to grow at an impressive 16.1% CAGR to reach $23.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Music On-Demand Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Music On-Demand Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Music On-Demand Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Amazon.com Inc., Apple Inc., Auracle Sound Ltd., Canadian Broadcasting Corp., Deezer SA and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 49 companies featured in this Music On-Demand market report include:
- Amazon.com Inc.
- Apple Inc.
- Auracle Sound Ltd.
- Canadian Broadcasting Corp.
- Deezer SA
- Gesellschaft für musikalische Aufführungs- und mechanische Vervielfältigungsrechte (GEMA)
- Katz Media Group
- LiveXLive Corp. (Liveone)
- Mixcloud Ltd.
- Mood Media Corp.
- NetEase, Inc.
- SoundCloud Ltd.
- Spotify AB
- Tencent Music Entertainment Group
- TIDAL Music AS
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amazon.com Inc.
- Apple Inc.
- Auracle Sound Ltd.
- Canadian Broadcasting Corp.
- Deezer SA
- Gesellschaft für musikalische Aufführungs- und mechanische Vervielfältigungsrechte (GEMA)
- Katz Media Group
- LiveXLive Corp. (Liveone)
- Mixcloud Ltd.
- Mood Media Corp.
- NetEase, Inc.
- SoundCloud Ltd.
- Spotify AB
- Tencent Music Entertainment Group
- TIDAL Music AS
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 187 |
| Published | July 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 54.4 Billion |
| Forecasted Market Value ( USD | $ 106.1 Billion |
| Compound Annual Growth Rate | 11.8% |
| Regions Covered | Global |
