Market Statistics Of Music Streaming Platforms & Apps
If the recent stats have anything to go by, from the year 2014-2020, the music apps revenue has crossed 500%. Not just this, but since the year 2019, the growth in terms of revenue is expected more than 100 billion USD on a year-to-year basis going up to the year 2023. This constant increase in the number of app users ensures recurring revenue for the music app business.
- The global music streaming market is anticipated to reach USD 103.07 billion by 2030. It is expected to grow at a CAGR of 14.7% from 2022 to 2030.
- In global comparison, the United States is expected to generate the highest revenue, amounting to US $10,200.00 million in 2023.
- Approximately 82 million Americans subscribe to on-demand music streaming services, with an average monthly payment of $10.
- In 2023, the revenue for the Music Streaming market is expected to reach a total of US$10.20 billion.