Frequently asked questions
The music streaming subscription services market is expected to grow from US$ 19.3 billion in 2020 to US$ 39.9 billion by 2027, with a CAGR of 10.9% from 2021 to 2027.
The market’s enormous potential is being driven by rising demand for online streaming services over traditional platforms, as well as network capacity optimization.
Some of the market’s driving forces include the increasing popularity of mobile devices and internet users, as well as technological advancements in the digital media industry.
North America dominated the global market for music streaming subscription services.
The commercial application accounts for the largest share of the music streaming subscription service industry.