Global Generative Ai In Music Market Size & Outlook
The generative ai in music industry worldwide is expected to reach a projected revenue of US$ 2,794.7 million by 2030. A compound annual growth rate of 30.2% is expected of the worldwide generative ai in music industry from 2024 to 2030.
Revenue, 2023 (US$M)
$440.0
Forecast, 2030 (US$M)
$2,794.7
CAGR, 2024 - 2030
30.2%
Report Coverage
Worldwide
Global generative ai in music market, 2018-2030 (US$M)
Global generative ai in music market highlights
- The global generative ai in music market generated a revenue of USD 440.0 million in 2023 and is expected to reach USD 2,794.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 30.2% by 2030.
- In terms of segment, software accounted for a revenue of USD 440.0 million in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 440.0 million |
| Market revenue in 2030 | USD 2,794.7 million |
| Growth rate | 30.2% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software |
Other key industry trends
- In terms of revenue, the North America accounted for 38.6% of the global generative ai in music market in 2023.
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Generative AI in Music Market Scope
Generative ai in music market segmentation & scope
Technology
Transformers
Variational Autoencoders (VAEs)
Generative Adversarial Networks (GANs)
Diffusion Models
Others
Application
Automated Music Composition
Music Arrangement and Orchestration
Music Style Transfer and Remixing
Sound Synthesis and Design
Music Personalization and Recommendation
Others
End Use
Music Production and Recording
Film and Television
Video Games and Interactive Entertainment
Advertising and Marketing
Music Education and Training
Streaming Services and Music Platforms
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
UAE
Generative AI in Music Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global generative ai in music market size, by regions, 2018-2030 (US$M)
Related regional statistics
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