Gain insights and analysis relating to the streaming music subscription market and competitive environment, in the context of the wider music market.
Highlighting key service developments, uptake and characteristics, the report provides key wider industry trends and actual market data. Also included is a dedicated section focusing on the developments and trends within the vinyl market.
Market Trends:
- In 2025 the music market continued to see strong growth across both consumer spend and individual audience engagement, with an uplift year on year of near 9% reaching spend of $47.1 billion across streaming, physical media and digital download.
- At 86% share of spend, Streaming subscriptions continued to dominate, and has now surpassed $40 billion, generating a 9% growth, whilst the number of subscriptions taken in 2025 saw a net gain of 71.5m increases the total to 865m.
- With streaming subscriptions now the mainstay of how audiences connect with their favourite tracks, a number of markets are hitting saturation levels, so as services start to provide clearer differentiation between ad-based tiers and more premium tiers (full playback control, offline listening, audio quality, personalisation features), the next stage in continuing to grow revenues is via conversion of users from free to paid subscribers, whilst also implementing strategic price increases across limited markets.
Areas Explored:
- Market performance by country
- Market sizing
- Market forecasting, with five-year sales forecasts.
- Key growth drivers
- Streaming services overview
Did you know?
Futuresource has been tracking, researching and consulting on the international entertainment landscape for more than 30 years. This publication is one in a series of market insight reports, produced to provide businesses with a fully rounded view of the consumer audio market and the music streaming industry market share.
Any business operating within the audio streaming space and its related sectors will benefit from this report, particularly:
- Content providers, labels and streaming platforms
- Intermediaries and supply chain companies
- Hardware, infrastructure and service providers
- Content and CE market strategists, marketing and sales professionals
- Companies with interests in adjacent entertainment sectors
- Investors
Table of Contents
- Introduction
- Executive Summary
- 2023-2030 Performance per Format Format
- Global Spend on Recorded Music
- 2025 Music Market Performance by Country
- CD vs Vinyl Consumer Spend Outlook
- Global Streaming Subscriber Uptake & Regional Breakdown
- Streaming Population Penetration
- Streaming Services Subscriber Summary: 2024
- Streaming Services Subscriber Growth 2016-2024
- Streaming Subscriptions: Competitive Overview
- Spotify Overview
- Apple Music Overview
- Amazon Music Overview
- YouTube Music Overview
- Deezer Overview
- Overview of US Premium Radio Services
- Regional Summaries
- North America
- Western Europe
- RoW/Other
- Focus on Eastern European Markets
- Vinyl Market Outlook
- Key Wider Industry Trends
- Key Findings from Kids Consumer Research