Music Streaming Market Share, Size, Growth & Trends | 2025-2034

The Music Streaming Market Size was valued at approximately USD 37.1 billion in 2024 and is projected to grow at a CAGR of 14.5% from 2025 to 2034, reaching around USD 125.3 billion by 2034. This rapid growth is driven by increased smartphone adoption, affordable internet access, and rising demand for on-demand music services. Streaming platforms provide convenient, high-quality, and personalized listening experiences, leading to a shift from traditional music consumption methods such as physical CDs and digital downloads.