The global online music streaming market size was valued at USD 21.31 Billion in 2024. Looking forward, the analyst estimates the market to reach USD 42.1 Billion by 2033, exhibiting a CAGR of 7.86% during 2025-2033. North America currently dominates the market, holding a significant market share of over 37.5% in 2024. The rising adoption of smartphones, changing consumer preferences, increasing need for affordable subscription models, integration of social media platforms, expansion into emerging markets, and various partnerships and collaborations among key players are propelling the online music streaming market share.
Online music streaming applications enable users to listen to songs in real-time using an internet connection. These applications offer an on-demand service wherein audio media files are prearranged in sequential packets of data and transmitted to smartphones, tablets, TVs and computers without saving them to the hard drive. Presently, several companies are introducing smart devices, such as Amazon’s Alexa and Google Cast, to stream music online with hands-free control and instant playback features. With the escalating demand for these smart devices, on account of rapid urbanization, inflating disposable incomes and the emergence of smart homes, the demand for online music streaming applications is escalating worldwide.
They also offer young artists a platform to upload and promote their tracks and reach a wider audience. Furthermore, digital service providers (DSPs) are launching applications with a user-friendly interface and a huge library of music and podcasts. These providers are also offering attractive premium plans, such as family packs or free subscription for a few months, which, in turn, is anticipated to bolster the market growth in the coming years.
Online music streaming applications enable users to listen to songs in real-time using an internet connection. These applications offer an on-demand service wherein audio media files are prearranged in sequential packets of data and transmitted to smartphones, tablets, TVs and computers without saving them to the hard drive. Presently, several companies are introducing smart devices, such as Amazon’s Alexa and Google Cast, to stream music online with hands-free control and instant playback features. With the escalating demand for these smart devices, on account of rapid urbanization, inflating disposable incomes and the emergence of smart homes, the demand for online music streaming applications is escalating worldwide.
Online Music Streaming Market Trends:
The growing dependency on smartphones, increasing penetration of the internet and the thriving media and entertainment industry are among the key factors stimulating the growth of the online music streaming market worldwide. Moreover, easy access to music on multiple devices, along with the rising trend of on-demand songs, are driving the market growth. Apart from this, the integration of online music streaming applications with social media platforms allows users to create and share collaborative playlists with acquaintances.They also offer young artists a platform to upload and promote their tracks and reach a wider audience. Furthermore, digital service providers (DSPs) are launching applications with a user-friendly interface and a huge library of music and podcasts. These providers are also offering attractive premium plans, such as family packs or free subscription for a few months, which, in turn, is anticipated to bolster the market growth in the coming years.
Key Market Segmentation:
This report provides an analysis of the key trends in each segment of the global online music streaming market, along with forecasts at the global, regional, and country levels from 2025-2033. The market has been categorized based on service, revenue model, platform, content type, and end user.Breakup by Service:
- On-demand Streaming
- Live Streaming
Breakup by Revenue Model:
- Subscription
- Non-Subscription
Breakup by Platform:
- App
- Browser
Breakup by Content Type:
- Audio
- Video
Breakup by End User:
- Individual
- Commercial
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon.com Inc, ANGHAMI, Apple Inc., Gamma Gaana Ltd. (The Times Group), iHeartMedia Inc., Musixmatch, Saavn Media Pvt Ltd., SoundCloud Ltd., Spotify AB and Tencent Music Entertainment Group.Key Questions Answered in This Report:
- How big is the online music streaming market?
- What is the future outlook of online music streaming market?
- What are the key factors driving the online music streaming market?
- Which region accounts for the largest online music streaming market share?
- Which are the leading companies in the global online music streaming market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Online Music Streaming Market
6 Market Breakup by Service
7 Market Breakup by Revenue Model
8 Market Breakup by Platform
9 Market Breakup by Content Type
10 Market Breakup by End User
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Amazon.com Inc
- ANGHAMI
- Apple Inc.
- Gamma Gaana Ltd. (The Times Group)
- iHeartMedia Inc.
- Musixmatch
- Saavn Media Pvt Ltd.
- SoundCloud Ltd.
- Spotify AB
- Tencent Music Entertainment Group
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 142 |
Published | April 2025 |
Forecast Period | 2024 - 2033 |
Estimated Market Value ( USD | $ 21.31 Billion |
Forecasted Market Value ( USD | $ 42.1 Billion |
Compound Annual Growth Rate | 7.9% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |