Music Streaming Market Overview:
The size of the music streaming market was estimated at $34.8 billion in 2022. The industry for music streaming is anticipated to increase from USD 39.9 billion in 2023 to USD 120.5 billion by 2032, with a compound annual growth rate (CAGR) of 14.80% over the course of the forecast period (2023-2032). The primary market factors accelerating market expansion are the rising smartphone prevalence and the move from physical to digital consumption.
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