Music - Mexico

  • Mexico
  • The Music market in Mexico is projected to experience significant growth in the coming years.
  • In 2022, the total revenue is estimated to reach €62.70m.
  • This impressive figure is expected to further increase at a compound annual growth rate (CAGR) of 13.33% between 2022 and 2027.
  • As a result, the market volume is projected to reach €117.00m by 2027.
  • Within the Music market, revenue from in-app purchases (IAP) is projected to reach €16.20m in 2022.
  • Additionally, revenue from paid apps is expected to reach €0.96m in the same year.
  • Furthermore, advertising revenue in the Music market is projected to reach €45.53m in 2022.
  • The demand for music downloads is also expected to grow significantly.
  • In 2022, the number of downloads in the Music market is projected to reach 270.90m downloads.
  • With this increasing demand, the average revenue per download is expected to be €0.23.
  • When comparing the Music market globally, it is worth noting that in the United States generates the highest revenue.
  • In 2022, in the United States is projected to generate a staggering €4,252.00m in revenue.
  • Overall, the Music market in Mexico is poised for substantial growth, with impressive revenue projections and a promising future.

Key regions: Asia, Europe, United States, India, South Korea

Comparación de regiones

Analyst Opinion

Since the start of Apple, Inc.'s App Store in 2008 with around 500 apps, mobile apps have come to dominate the digital economy and have quickly outpaced the demand for desktop applications. As of 2021, the Apple App Store and Google Play Store had more than 5 million apps combined. Because many apps from the West are not available in China, many new app stores have emerged there. Digital lifestyles around the world now depend on adopting mobile apps, especially when it comes to social networking. The games industry has also been thoroughly transformed by the app revolution and is demonstrated by the fact that the games category is the largest and highest-grossing app category.


Data coverage:

The data encompasses B2C enterprises. Figures are based on revenue from in-app purchases, revenue from the purchase of apps, and revenue from advertising, as well as the number of downloads for each app category.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use market data from independent databases and third-party sources, current trends, and reported performance indicators of top market players. In addition, we use relevant key market indicators and data from country-specific associations, such as smartphone users and mobile broadband connections. This data helps us estimate the market size for each country individually.


In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward apps.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year in case market dynamics change.

Visión general

  • Revenue
  • Market Shares
  • Downloads
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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