Latin America Music Streaming Market Size & Outlook

The music streaming market in Latin America is expected to reach a projected revenue of US$ 9.0 billion by 2030. A compound annual growth rate of 16.8% is expected of Latin America music streaming market from 2024 to 2030.
Revenue, 2023 (US$B)
$3.0
Forecast, 2030 (US$B)
$9.0
CAGR, 2024 - 2030
17%
Report Coverage
Latin America

Latin America music streaming market highlights

  • The Latin America music streaming market generated a revenue of USD 3.0 billion in 2023.
  • The 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.
  • Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.

Latin America data book summary

Market revenue in 2023USD 3.0 billion
Market revenue in 2030USD 9.0 billion
Growth rate16.8% (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, Latin America region accounted for 7.5% 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 Companies

Name Profile # Employees HQ Website

Latin America 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 73.33% in 2023. Horizon Databook has segmented the Latin America music streaming market based on on-demand, live streaming covering the revenue growth of each sub-segment from 2018 to 2030.


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

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Target buyers of Latin America 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 continent-level data and insights on the Latin America music streaming market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America music streaming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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

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

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

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