Artificial intelligence (AI) in music market is expected to grow at a CAGR of 16.28%, reaching a market size of US$3.201 billion in 2029 from US$1.489 billion in 2024.
In music, AI implies that artificial intelligence software applications have been integrated with music to facilitate the process of composing, mixing, and personalizing tracks. The application of AI software in music production processes has enabled music producers and artists to create new sounds and tunes. Some of the major players in the AI music market include Landr, Amper Music, Izotope, and Brain.fm, Shazam, Splash, and Aiva Technologies.
As a result, many musicians are adopting AI software to change their music composition style and individual listen playlists on streaming services where they produce or perform their songs. In this way, numerous music software applications have been developed to increase international music market consumption and the range of products offered by musicians.
The use of state-of-the-art music production tools and smart streaming services powered by artificial intelligence is driving the rapid expansion of the musical business into a new frontier. Organizations are investing in AI so that they can develop advanced algorithms capable of creating new songs, creating personalized soundtracks, or aiding music education. Additionally, another factor that adds to this growth is the expanded use of AI technology in gadgets like smart speakers and mobile phones, allowing many people to easily access AI-infused music apps.
In music, AI implies that artificial intelligence software applications have been integrated with music to facilitate the process of composing, mixing, and personalizing tracks. The application of AI software in music production processes has enabled music producers and artists to create new sounds and tunes. Some of the major players in the AI music market include Landr, Amper Music, Izotope, and Brain.fm, Shazam, Splash, and Aiva Technologies.
As a result, many musicians are adopting AI software to change their music composition style and individual listen playlists on streaming services where they produce or perform their songs. In this way, numerous music software applications have been developed to increase international music market consumption and the range of products offered by musicians.
The use of state-of-the-art music production tools and smart streaming services powered by artificial intelligence is driving the rapid expansion of the musical business into a new frontier. Organizations are investing in AI so that they can develop advanced algorithms capable of creating new songs, creating personalized soundtracks, or aiding music education. Additionally, another factor that adds to this growth is the expanded use of AI technology in gadgets like smart speakers and mobile phones, allowing many people to easily access AI-infused music apps.
Artificial Intelligence (AI) in Music Market Drivers:
- Advancement in AI software and technology is anticipated to increase the demand
Artificial Intelligence (AI) in Music Market Geographical Outlook
- Asia Pacific is witnessing exponential growth during the forecast period
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Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive IntelligenceReport Coverage:
- Historical data & forecasts from 2022 to 2029
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
The Artificial Intelligence (AI) in music market is segmented and analyzed as follows:
- By Application
- Personalization
- Music Composition
- Audio Mixing
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Singapore
- Indonesia
- Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. ARTIFICIAL INTELLIGENCE (AI) IN MUSIC MARKET BY APPLICATION
6. ARTIFICIAL INTELLIGENCE (AI) IN MUSIC MARKET BY GEOGRAPHY
7. COMPETITIVE ENVIRONMENT AND ANALYSIS
8. COMPANY PROFILES
Companies Mentioned
Some of the key companies profiled in this Artificial Intelligence (AI) in Music Market report include:- iZotope
- Aiva Technologies
- Amper Music (Shutterstock Inc)
- BRAINFM Inc
- LANDR
- Boomy Corporation
- Magenta (Google Inc)
- SOUNDRAW Inc
- Amadeus Code
- Klangio GmbH
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 138 |
Published | October 2024 |
Forecast Period | 2024 - 2029 |
Estimated Market Value ( USD | $ 1.49 billion |
Forecasted Market Value ( USD | $ 3.2 billion |
Compound Annual Growth Rate | 16.2% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |