Desktop Music Market Share

North American Market Forecast   

North America industry is likely to hold largest revenue share of 41% by 2037. The growth of the market in this region can be attributed to growing music industry in this region, along with growing demand for desktop recording tools. Also, it has been observed that, on a scale of 1 to 10, 93% of respondents place the music industry's reliance on live performances above seven in United States. Further, there has been growing subscription for streaming services which is also estimated to boost the growth of the market in this region. According to the most recent data, Apple Music had about 48 million monthly customers as of September 2022, making it the most popular music streaming service in the United States. Following closely behind was Spotify, which had an approximately 46 million monthly users.  This increase in demand may also be attributed to the increasing use of the internet.