Music Streaming Advertising - United States

  • United States
  • The Music Streaming Advertising market in the United States is projected to generate a revenue of €2.70bn in 2024.
  • This represents a significant growth potential for the industry.
  • With an expected annual growth rate of 4.03%, the market volume is projected to reach €3.04bn by 2027.
  • In terms of user numbers, the Music Streaming Advertising market is expected to have approximately 116.0m users users by 2027.
  • This indicates a steady increase in user adoption and engagement within the United States.
  • User penetration, which measures the proportion of the population using music streaming advertising services, is predicted to be 32.1% in 2024 and is expected to rise to 33.7% by 2027.
  • This suggests that a growing percentage of the population will be engaged with these services in the coming years.
  • When compared globally, in the United States is anticipated to generate the highest revenue in the Music Streaming Advertising market, with €2.70bn expected in 2024.
  • This highlights the country's dominance in this segment.
  • The average revenue per user (ARPU) is projected to be €24.82 in 2024.
  • This metric provides insights into the value generated from each individual user and indicates the potential for monetization within the Music Streaming Advertising market.
  • The United States remains at the forefront of music streaming advertising with a diverse range of platforms catering to a wide range of audiences.

Key regions: India, South Korea, Japan, Europe, Asia

 
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Analyst Opinion

Music streaming services have become a popular platform for advertisers to reach consumers, and several trends are emerging that are shaping the industry. One of the most notable trends is the increasing use of personalized ads, which use data analytics to deliver ads that are tailored to the listener's preferences and interests. This has made music streaming advertising more effective and engaging, as listeners are more likely to respond positively to ads that resonate with their tastes.

Music streaming advertising has seen strong growth in recent years, driven by several factors. One key factor is the rapid growth of music streaming services themselves, with platforms like Spotify and Apple Music attracting millions of users worldwide. This has created a large and diverse audience for advertisers to reach, including both free and paid subscribers. Additionally, music streaming advertising offers several advantages over traditional forms of advertising, such as radio and TV. Music streamers are often highly engaged with the platform, spending hours listening to music each day, which provides ample opportunities for advertisers to target them with personalized ads.

Methodology

Data coverage:

Data encompasses enterprises (B2B). Figures are based on music streaming advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers streaming audio ads.

Modeling approach:

market size is determined by a combined top-down and bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party reports, web traffic, and survey results from our primary research (e.g., Statista Global Consumer Survey) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, internet users, consumer spending, and digital consumer spending.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market. For instance, the S-curve function is well suited to forecast digital products due to the non-linear growth of technology adoption, whereas exponential trend smoothing (ETS) is more suited for projecting steady growth in traditional advertising markets.

Additional notes:

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

Visión general

  • Revenue
  • Analyst Opinion
  • Users
  • Global Comparison
  • Methodology
  • Key Market Indicators
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