Dublin, February 21, 2025 (Globe Newswire) – “Generated Artificial Intelligence (AI) in Music Market Opportunities and Strategies for 2034” report has been added to the offer of ResearchAndmarkets.com.
This report explains and explains the generation artificial intelligence (AI) of the music market, covering 2019-2024, known as the historical period, 2024-2029, 2034F is called the forecast period. This report evaluates the markets in each region and the major economies within each region.
Global Generated Artificial Intelligence (AI) in the music market reached a value of nearly $419.85 million in 2024, growing at a combined annual growth rate (CAGR) of 53.34% since 2019. In 2029, it was $4.3 billion, a 59.25% rate. The market is then expected to grow at a CAGR of 39.32% from 2029, reaching $22.57 billion in 2034.
The globally generated artificial intelligence (AI) in the music market is quite fragmented, with many small players in the market. The top 10 competitors in the market accounted for up to 24.17% of the total market in 2023. Market fragmentation can be attributed to the presence of small players in different regions. Jukedeck is the largest competitor with a 5.57% share of the market, with 2.97% T Suno, Aiva Technologies SARL 2.30%, Boomy Corporation 2.15%, Amper Music Inc. 1.89%, Amadeus Code 1.86%, Beatoven ai. 1.86%, Hydra II uses 1.86% Hydra II, 1.86% Vochlea Music, and 1.86% Udio AI.
Growth in the historic era was attributed to increased adoption of smartphones and increased disposable income. A factor that negatively affected growth during the historic period was data privacy concerns. Going forward, there will be increased government support, increased urbanization, increased social media impact, increased internet penetration and the expansion of music streaming services to drive growth. Factors that could hinder the growth of generator artificial intelligence (AI) in the future music market include high operating costs.
Music Market Generation Artificial Intelligence (AI) is divided into song composition and creative processes, music production, promotion, marketing and other types by type. Song composition and creative process market is the largest segment of AI (AI) generation of music market segmented by type, accounting for 39.36% or $165.25 million of its total in 2024. 2024 – 2029 is expected to be the fastest growing segment of AI (AI) in the music market segmented by type with a CAGR of 64.07%.
The music market generation artificial intelligence (AI) is split into on-premises and cloud-based solutions by software. The cloud-based solutions market is the largest segment of AI (AI) generation in the music market segmented by software, accounting for 74.69% of its total in 2024, or $313.6 million. 2024-2029 will be the fastest growing segment in AI (AI) that generates the music market segmented by software with a CAGR of 61.90%.
The music market generation artificial intelligence (AI) is divided by the operating system into Windows, Mac operating systems and other operating systems. The Windows market is the largest segment of artificial intelligence (AI) generation in the music market segmented by the operating system, accounting for 73.01% or $306.52 million of its total in 2024. 2024 – Growth segment of the music market generated by operating systems with a CAGR of 62.44% in 2029.
The Artificial Intelligence (AI) of the Music Market is divided by end users into experts and audio engineers, mixers, songwriters and production teams, electronic musicians, artists or performers, educational institutions, music studios and other end users . The expert or audio engineer and mixer market is the largest segment of artificial intelligence (AI) in the music market segmented by end users, accounting for a total of 27.31% or $114.68 million in 2024. The fastest growing segment of the music market generated by end-users is expected to be a CAGR of 66.37%. 2024-2029.
North America is the largest region in the music market’s generator artificial intelligence (AI), accounting for a total of 40.59% or $170.44 million in 2024. It was followed by the Asia-Pacific, Western Europe and the rest of the region. Going forward, the fastest growing regions of the music market for AI (AI) are Asia-Pacific and Western Europe, growing at 62.18% and 60.72% CAGRS, respectively. These are followed by North and South America, with the market expected to grow at CAGRS of 58.66% and 57.05%, respectively.
The top opportunity for AI (AI) generation of music market segmented by type occurs in song composition and creative process segments, earning global annual sales of $17.9 billion by 2029 Masu. ) The music market segmented by operating system will occur in the Windows segment and will earn global annual sales of $27.9 billion by 2029. In the music market segmented by software, it occurs in the professional or audio engineer and mixer segments. This will earn $988.31 million worldwide annual sales by 2029. It will be generated in the cloud-based solutions segment and will earn global annual revenue of $3.17 billion by 2029. Artificial Intelligence (AI) at the music market size will acquire the most. In the US, it is $1.35 billion.
To take advantage of the opportunity, analysts recommend that music companies focus on developing interactive digital platforms, developing AI music creation tools, text prompt-based music Focus on creating tools, focusing on song composition and creative process market, focusing on Mac operating system segment, focusing on cloud-based market segment, expanding in emerging markets, Focusing on developed markets, offering competitive pricing offers, continuing to use B2C, participating in promotions, exhibitions and events, focusing on the electronic musician market segment, targeting urban consumers Focus on.
Important attributes:
Report attribute attribute. Pages476ForeCast Period2024-2034 covers an area with a market value (USD) of 2024 of $419.9 million annual growth rate of 49.0% by 2034.
Some of the major companies featured in this Generate Artificial Intelligence (AI) in the Music Market Report are:
Jukedecksunoaiva Technologies Sarlboomy Corporation Amper Music Inc.Amadeus codeBeatoven ai.hydra II by Rightsifyvochlea aiecrett Musicsrawsplash Musictencent Holdings Global Limited & Co KgsoundCloudezer Sasteinberg Media Technologies Gmbhmagix Software Gmbhendelmubertsynthewayjen Music Ailucid Inc. Amazonmeta Platforms Inc. Universal Music Group (UMG)Klay VisionNvidia corp.coca-colasunturawnful apple audiocraft)hornet srlrootstraphatchworksony music latinuniversal music latinent entermentsaudi music commistionanghami inc.stable audio.aiwaves audio ltd.google deepmindyoutubejosplayaiva
For more information about this report, please visit: https://www.researchandmarkets.com/r/ocsfi3
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Artificial Intelligence (AI) in the Music Market
