Audio streaming refers to the process of transmitting audio content over the internet for immediate playback. According to the analyst forecasts, the global audio streaming market was worth $40 billion in 2024. It will grow to $89 billion by 2030 at a compound annual growth rate (CAGR) of 14% between 2024 and 2030.
Key Highlights
- Music is the largest segment in the global audio streaming market, projected to reach $49 billion by 2030, up from $20 billion in 2024. However, demand for podcasts and audiobooks is growing. These spoken-word formats are increasingly important to the growth and monetization strategies of platforms like Spotify and iHeartMedia. Meanwhile, live and community-driven internet radio stations maintain their appeal by offering spontaneity. Listeners tune in to hear what is playing at that moment, creating a sense of unpredictability and social listening that AI-driven platforms lack.
- Artificial intelligence (AI)-generated audio is disrupting the economics of audio streaming, offering limitless and low-cost content that challenges traditional value chains. It promises to improve listener engagement through a continuous flow of content and personalization but poses a direct threat to artists’ livelihoods. If AI-generated audio becomes widespread, it could break down existing compensation models and blur the legal and economic boundaries of ownership, creation, and revenue sharing.
Scope
- This report provides an overview of the audio streaming theme.
- It identifies the key trends that will impact the theme's growth over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.
- The comprehensive industry analysis includes market size and growth forecasts for the global audio streaming industry, as well as a timeline highlighting significant milestones in the theme's development.
- The detailed value chain comprises four layers: content creation, content aggregation, distribution, and device. A list of leaders and challengers is provided for each value chain segment.
Reasons to Buy
- The audio streaming industry is expanding as consumer demand for personalized, on-the-go content grows. This surge has triggered fierce competition among traditional media houses, tech giants, and independent creators, all striving for audience attention and loyalty. All audio streaming platforms are doubling down on exclusive content, sophisticated recommendation algorithms, and enhanced user experiences to gain a competitive edge.
- This report provides a detailed overview of this disruptive theme, including identifying leading and challenging players across the whole value chain.
Table of Contents
- Executive Summary
- Players
- Technology Briefing
- Trends
- Industry Analysis
- Value Chain
- Companies
- Sector Scorecard
- Glossary
- Further Reading
- Thematic Research Methodology
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 264 Records
- 360 Security Technology
- Aaptiv
- Abbey Road Studios
- Ableton
- Acast
- AccuRadio
- Acer
- Adobe
- AIR Studios
- Akamai
- Alibaba
- AllTrack
- Alphabet (Google)
- Amazon
- América Móvil
- American Public Media
- Anghami
- Apple
- APRA
- Ardour
- Armada Music
- ASCAP
- Asus
- AT&T
- Audacity
- Audacy
- Audeze
- Audio Pro
- Audiomack
- AudioTool
- AutoMate
- AutoZen
- Avex
- Avid Technology (Pro Tools)
- Baidu
- BandLab (Cakewalk)
- Bang & Olufsen
- Barnes & Noble
- BBC
- Beggars Group
- Believe Music (TuneCore)
- Bharti Airtel
- Bitwig
- Blackbird Studio
- Blackstar
- Blackstone Publishing
- BlazingCDN
- Block (Tidal)
- BMG Rights Management
- BMI
- BookBeat
- Boomplay
- Bosca Ceoil
- Bose
- Brane Audio
- BT Group
- Buzzsprout
- CacheFly
- Calm
- Capitol Studios
- Car Dashdroid
- Car Launcher
- CASH
- Castbox
- CD Baby
- CDNetworks
- Cedar House Audio
- CelcomDigi
- Chamelo
- China Mobile
- China Music Group
- China Telecom
- Classic FM
- CloudFlare
- Cockos (Reaper)
- Comcast
- Concord Music
- Content Allies
- Corsair
- Daily Burn
- DailyWire
- DarkWave Studio
- Deezer
- Dell Technologies
- Delta Sound
- Deutsche Telekom
- DistroKid
- Dolby Laboratories
- Downtown Music
- Dreamscape Media
- Drivemode
- Earwolf
- ECAD
- EdgeNext
- Edifier
- Electric Lady Studios
- Elfo Recording Studio
- Empire
- Everand
- F5
- Fastly
- FitRadio
- Forever Audio
- ForeVision Digital
- Gallo Music
- Garmin
- GEMA
- Glo Digital
- Global Music Rights
- GN Group (Jabra)
- Goodpods
- Hachette Book Group
- Haier
- Hans Zimmer’s Studio
- Hansa Studios
- Harlequin
- Headspace
- Hifiman
- Hisense
- Hit'n'Mix’
- Horus Music
- HP
- Huawei
- IBM
- IDAGIO
- iHeartMedia
- Image-Line (FL Studio)
- Imagine Marketing
- IMRO
- Indie Music Academy
- Insight Timer
- IPRS
- Jango
- Japan Music Marketing
- JASRAC
- JBL
- John Marshall Media
- JYP Entertainment
- Kakao
- KDDI
- King Toledo
- Kingsoft
- Kobalt Music Group
- KOMCA
- Landr
- Lenovo
- Level
- LG Electronics
- LibriVox
- Libro.fm
- Libsyn
- Listenable
- Logitech
- Luminary
- LY Corp (Line Music)
- Macmillan Publishers
- Magix (Sequoia Pro)
- Marshall
- Masimo (Denon)
- mau5 House
- MCSC
- Meizu (Flyme Auto)
- Meta
- Metropolis Studios
- Microsoft
- Midwest Tape (Hoopla)
- Mobvoi
- Mosaic Audio
- MSI
- MTN
- Mule Musiq
- Muscle Shoals
- Music AI (Moises)
- Music Gateway
- Naim Audio
- National Public Radio
- Naxos Audiobooks
- Neon Future Cave
- NetEase
- New York Times
- News Corp (HarperCollins)
- NHK World Radio
- Nintendo
- Noise
- Novel Audio
- NTT Docomo
- Nvidia
- Oasis Audio
- Ocean Sound
- Oi
- Omari MC
- OnePlus
- OneRPM
- Onkio Haus
- Oppo
- Orange
- OrionPromotion.com
- Overcast
- OverDrive (Libby)
- Paramount Global
- Peermusic
- Peloton
- Penguin Random House
- Pinewood Studios
- Playlist IQ
- Playlist Push
- Pocket Casts
- Pocket FM
- Podbean
- PodcastOne
- Podimo
- PPI
- PPL
- PreSonus (Studio One)
- Primary Wave
- Pro Music Rights
- Production Japan
- PRS for Music
- Pubmark (Chirp)
- Qobuz
- Question de Son
- Rackspace
- Radio Paradise
- Radio.net
- Rakuten
- Razer
- RBMedia
- Re:Sound
- Real World Studios
- RELE ASIA
- Reliance Jio
- Reservoir Media
- Revelator
- Roku
- Rotana Records
- Round Hill Music
- RouteNote
- RTHK Radio
- SABAM
- SACEM
- Samsung Electronics
- Scribe Media
- Sennheiser
- SESAC
- SGAE
- Simon & Schuster
- Simple Habit
- Simple Radio
- Singtel
- SiriusXM (Pandora)
- SK Telecom
- SM Entertainment
- SOCAN
- Solos
- SomaFM
- Songtrust
- Sonic Union
- Sonoro
- Sonos
- Sony
- Sound City
- Sound Republic
- SoundBetter
- SoundBridge
- SoundCampaign
- SoundCloud
- Soundcore
- SoundDrop
- SoundExchange
- Soundpeats
- Spotify
- Starlight PR
- Steinberg (Cubase)
- Storytel
- Studio 21
- Studio One
- Studios 301
- Sun Studio
- Sunset Sound
- Synchron Stage
- Taihe Music Group
- TCL
- Technicolor Sound
- Technics
- Telefónica
- Ten Percent Happier
- Tencent
- The Mindfulness App
- Transsion
- TuneIn
- Two Story Media
- Universal Music Group
- Verizon
- Vivo
- Vodacom
- Vodafone
- Vox Media
- Walmart (Vizio)
- Walt Disney
- Warner Music Group
- Xiaomi
- Ximalaya
- YG Entertainment
- YouGrow
- Zee Music Company
- Zepp Health (Amazfit)
- Zlink