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Global Music Mobile Apps Market Size Forecast 2024 - 2033

18 Dec, 2024

What Is The Definition Of The Global Music Mobile Apps Market?

Music mobile apps refer to the software applications designed for smartphones and tablets, offering users access to a wide range of music content, including streaming, downloads, playlists, and personalized recommendations. These apps allows seamless music listening experiences whether commuting, exercising, or relaxing at home.

Music Mobile Apps Global Market Report 2024 provides data on the global music mobile apps market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The music mobile apps market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.

What Are The Projections Exist For The Global Music Mobile Apps Market Size And Annual Growth Rates?

The music mobile apps sector has seen rapid expansion, growing from $6.31 billion in 2023 to $7.11 billion in 2024, at a CAGR of 12.7%. This growth has been fueled by increased availability of music content, the proliferation of streaming services, a better understanding of consumer preferences, a focus on high-definition audio, and the widespread adoption of smartphones. The market is expected to reach $11.54 billion by 2028 with a CAGR of 12.9%, driven by growing smartphone penetration, demand for on-demand streaming, technological advancements, and in-app purchases. Key trends include the expansion of social features in apps, strategic collaborations, technological innovation, wider internet access, and the integration of gaming elements.

Which Key Drivers Are Propelling The Music Mobile Apps Market's Growth?

The growing interest in on-demand music streaming services is expected to fuel the growth of the music mobile app market. These services offer users the flexibility to listen to music anytime, providing access to extensive libraries of songs through internet streaming. The convenience, variety of music collections, personalized recommendations, multi-device accessibility, and ad-free listening experiences are driving this demand. Music mobile apps serve as a gateway to on-demand music streaming, delivering customized playlists and enhancing user experiences on smartphones. For instance, the International Federation of the Phonographic Industry reported in its 2023 Global Music Report that the music streaming industry generated $15.7 billion in revenue in 2021, which increased to $17.5 billion in 2022. Therefore, the rising popularity of on-demand music streaming services is driving the music mobile app market.

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What Are The Key Segments Within The Global Music Mobile Apps Market?

The music mobile apps market covered in this report is segmented –
1) By Type: Free, Subscription
2) By Revenue Generation Format: Streaming, Digital, Physical Products, Performance Rights, Synchronization Revenues
3) By Application: Android, iPhone Operating System (iOS)

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How Are New Trends Impacting The Size Of The Music Mobile Apps Market?

Companies in the music mobile apps market are promoting artistic expression and cultural enrichment by incorporating advanced technologies, such as AI-driven music learning apps, into their platforms. AI-based music learning apps leverage artificial intelligence to offer personalized, interactive educational experiences. For instance, Saregama India Ltd., a music label company based in India, launched Padhanisa, an AI-driven music learning app in April 2024. This platform includes live masterclasses and Q&A sessions, with subscription options ranging from monthly to annual plans, and a free trial for seven days. The app caters to India’s widespread love for singing, whether for celebrations or personal enjoyment, and is available on both the Google Play Store and the App Store.

Which Region Drives The Highest Growth In The Music Mobile Apps Market?

North America was the largest region in the music mobile apps market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the music mobile apps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.