Music Streaming Market Strategies by Top Key Vendors till 2031


The music streaming market size is projected to reach US$ 71.32 billion by 2031 from US$ 36.49 billion in 2023. The market is expected to register a CAGR of 8.7% from 2023 to 2031.

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The music streaming market is thriving, fueled by rising smartphone penetration and affordable internet access. Subscription-based and ad-supported models dominate, with platforms offering personalized playlists and exclusive content. Key players include Spotify, Apple Music, and Amazon Music. Growth is driven by emerging markets, evolving user preferences, and advancements in AI for enhanced user experience and recommendation systems.

 Source: The Insight Partners
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