Middle East & Africa Music Streaming Market Size & Outlook
Middle East & Africa music streaming market, 2018-2030 (US$B)
Related Markets
MEA music streaming market highlights
- The MEA music streaming market generated a revenue of USD 2.6 billion in 2023.
- The market is expected to grow at a CAGR of 17.4% 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 2.6 billion |
| Market revenue in 2030 | USD 8.1 billion |
| Growth rate | 17.4% (CAGR from 2023 to 2030) |
| Largest segment | On-demand |
| Fastest growing segment | Live Streaming |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | On-Demand, Live Streaming |
| Key market players worldwide | Spotify 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, MEA region accounted for 6.5% 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 Scope
Music Streaming Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 73.08% in 2023. Horizon Databook has segmented the Middle East & Africa music streaming market based on on-demand, live streaming covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Music Streaming Service Outlook (Revenue, USD Billion, 2018-2030)
- On-Demand
- Live Streaming
- Middle East & Africa Music Streaming End Use Outlook (Revenue, USD Billion, 2018-2030)
- Individual
- Commercial
- Enterprise
- Consumer
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Target buyers of Middle East & Africa music streaming market databook
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Our clientele includes a mix of music streaming market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 Middle East & Africa music streaming market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa music streaming market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA music streaming market size, by country, 2018-2030 (US$B)
Middle East & Africa Music Streaming Market Outlook Share, 2023 & 2030 (US$B)
Related regional statistics
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