Music Streaming Market Size

Music Streaming Market size was valued at USD 46.71 billion in 2024 and is projected to cross USD 252.58 billion by the end of 2037, expanding at more than 14.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of music streaming is estimated at USD 52.02 billion.

The primary growth factors of the market are attributed to the expansion of the music industry and a rise in the number of music streaming subscribers across the world. Latest reports suggest that the number of music streaming users soared from nearly 300 million in 2019 to 525 million in 2021 worldwide.

The increasing emphasis on curating platforms where people can browse music videos, podcasts, and stream videos is expected to boost the market during the assessment period. The high involvement of people in the music industry is thus forecasted to fuel the market growth. In the United States, there are approximately 105,000 musical groups and music artist employees as of 2022, with an annual employment growth of 4% from 2017 to 2022.