PUBLISHER: TechNavio | PRODUCT CODE: 1788488
PUBLISHER: TechNavio | PRODUCT CODE: 1788488
The generative AI in music market is forecasted to grow by USD 1,907.5 mn during 2024-2029, accelerating at a CAGR of 25% during the forecast period. The report on the generative AI in music market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by democratization of music creation and lowered production barriers, surging demand for personalized and dynamic audio content, and continuous advancements in AI models and computational infrastructure.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 22.7% |
CAGR | 25% |
Incremental Value | $1,907.5 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's generative AI in music market is segmented as below:
By Component
By Technology
By Application
By Geographical Landscape
This study identifies the hyper-realistic vocal synthesis and emergence of artist-ai partnerships as one of the prime reasons driving the generative AI in music market growth during the next few years. Also, rise of functional and adaptive music generation and deep integration into professional digital audio workstations (DAWs) will lead to sizable demand in the market.
The report on the generative AI in music market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading generative AI in music market vendors that include Aiva Technologies, Amadeus Code Inc., Amper Music, Apple Inc., Beatoven.ai, Boomy, Endel, Google LLC, Loudly, OpenAI, Rightsify, Sony Group Corp., SOUNDRAW, Suno.ai, Udio, and Vochlea Music. Also, the generative AI in music market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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