India Music Streaming Market Size & Outlook, 2023-2030

The music streaming market in India is expected to reach a projected revenue of US$ 4.8 billion by 2030. A compound annual growth rate of 16.8% is expected of India music streaming market from 2024 to 2030.
Revenue, 2023 (US$B)
$1.6
Forecast, 2030 (US$B)
$4.8
CAGR, 2024 - 2030
17%
Report Coverage
India

India music streaming market highlights

  • The India music streaming market generated a revenue of USD 1.6 billion in 2023 and is expected to reach USD 4.8 billion by 2030.
  • The India market is expected to grow at a CAGR of 16.8% 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.

Music streaming market data book summary

Market revenue in 2023USD 1.6 billion
Market revenue in 2030USD 4.8 billion
Growth rate16.8% (CAGR from 2023 to 2030)
Largest segmentOn-demand
Fastest growing segmentLive Streaming
Historical data2018 - 2022
Base year2023
Forecast period2024 - 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, India accounted for 4.0% of the global music streaming market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China music streaming market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4.8 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

India 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 68.75% in 2023. Horizon Databook has segmented the India music streaming market based on on-demand, live streaming covering the revenue growth of each sub-segment from 2018 to 2030.


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

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Target buyers of India 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.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the India music streaming market , including forecasts for subscribers. This country databook contains high-level insights into India music streaming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India music streaming market size, by service, 2018-2030 (US$B)

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

India music streaming market size, by service, 2018-2030 (US$B)

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