Europe Music Streaming Market Size & Outlook, 2023-2030

The music streaming market in Europe is expected to reach a projected revenue of US$ 25.0 billion by 2030. A compound annual growth rate of 14.7% is expected of Europe music streaming market from 2024 to 2030.
Revenue, 2023 (US$B)
$9.6
Forecast, 2030 (US$B)
$25.0
CAGR, 2024 - 2030
14.7%
Report Coverage
Europe

Europe music streaming market highlights

  • The Europe music streaming market generated a revenue of USD 9.6 billion in 2023.
  • The market is expected to grow at a CAGR of 14.7% from 2024 to 2030.
  • In terms of segment, on-demand was the largest revenue generating service in 2023.
  • Live Streaming is the most lucrative service segment registering the fastest growth during the forecast period.
  • Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.

Europe data book summary

Market revenue in 2023USD 9.6 billion
Market revenue in 2030USD 25.0 billion
Growth rate14.7% (CAGR from 2023 to 2030)
Largest segmentOn-demand
Fastest growing segmentLive Streaming
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD billion
Market segmentationOn-Demand, Live Streaming
Key market players worldwideSpotify Technology SA, Apple Inc, Amazon.com Inc, Alphabet Inc Class A, Sirius XM Holdings Inc, Tencent Music Entertainment Group ADR, SoundCloud, iHeartMedia Inc

Other key industry trends

  • In terms of revenue, Europe region accounted for 23.8% of the global music streaming market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • MEA is the fastest growing regional market and is projected to reach USD 8.1 billion by 2030.

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Music Streaming Market Scope

Music streaming market segmentation & scope

Music Streaming Market Companies

Name Profile # Employees HQ Website

Europe music streaming market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to music streaming market will help companies and investors design strategic landscapes.


On-demand was the largest segment with a revenue share of 71.88% in 2023. Horizon Databook has segmented the Europe music streaming market based on on-demand, live streaming covering the revenue growth of each sub-segment from 2018 to 2030.


  • Europe Music Streaming Service Outlook (Revenue, USD Billion, 2018-2030)
    • On-Demand
    • Live Streaming
  • Europe Music Streaming End Use Outlook (Revenue, USD Billion, 2018-2030)
    • Individual
    • Commercial
    • Enterprise
    • Consumer

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Target buyers of Europe music streaming market databook

  • Our clientele includes a mix of music streaming market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe music streaming market , including forecasts for subscribers. This continent databook contains high-level insights into Europe music streaming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe music streaming market size, by country, 2018-2030 (US$B)

Europe Music Streaming Market Outlook Share, 2023 & 2030 (US$B)

Europe music streaming market size, by country, 2018-2030 (US$B)

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