PUBLISHER: The Business Research Company | PRODUCT CODE: 1811074
PUBLISHER: The Business Research Company | PRODUCT CODE: 1811074
Cloud music services are platforms that allow users to store, access, and stream music from remote servers via the internet. These services typically offer features such as playlist creation, personalized recommendations, offline listening, and social sharing capabilities. Users can either upload their music libraries to the cloud or access extensive libraries of songs provided by the service, allowing convenient on-demand listening across various devices without local storage requirements.
The primary types of cloud music services include mobile, download, and others. Mobile cloud music services are applications that enable users to stream and store music directly from the cloud on their mobile devices. They cater to various locations such as entertainment venues, commercial establishments, and others, serving end-users for individual and commercial use.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The rapid surge in U.S. tariffs and the resulting trade tensions in spring 2025 are heavily affecting the media sector, particularly in areas such as content creation, broadcasting, and digital streaming. Increased tariffs on imported audiovisual gear, editing tools, and broadcasting technologies have driven up both production and operational costs for media companies. Film and TV studios are incurring higher expenses for sourcing foreign-made cameras, lighting, and post-production equipment, while news and broadcast outlets are facing steeper costs for satellite services and transmission hardware. Additionally, retaliatory tariffs imposed by other countries are hindering the export of U.S.-based media content, curbing international revenue growth. To navigate these challenges, media firms are increasingly sourcing domestically, accelerating digital transformation, and adopting AI-powered production tools to reduce costs and sustain their global competitiveness amid ongoing trade disruptions.
The cloud music services research report is one of a series of new reports from The Business Research Company that provides cloud music services market statistics, including the cloud music services industry's global market size, regional shares, competitors with a cloud music services market share, detailed cloud music services market segments, market trends and opportunities, and any further data you may need to thrive in the cloud music services industry. This cloud music services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The cloud music services market size has grown rapidly in recent years. It will grow from $18.45 billion in 2024 to $20.88 billion in 2025 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to internet penetration, smartphone proliferation, digitalization of music, expansion of streaming platforms, advancements in connectivity, and integration with smart devices.
The cloud music services market size is expected to see rapid growth in the next few years. It will grow to $32.86 billion in 2029 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to AI and personalization, global expansion, integration with VR and AR, enhanced audio quality, monetization models, user-generated content, and social integration. Major trends in the forecast period include the rise of live performances, collaborative playlist curation, music discovery algorithms, personalized concert experiences, and integration with fitness and wellness platforms.
The forecast of 12.0% growth over the next five years reflects a modest reduction of 0.4% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. Cross-border cloud server tariffs can disrupt music streaming latency and costs, especially for global distribution networks. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The increasing demand for smartphones is poised to drive the growth of the cloud music services market in the foreseeable future. Smartphones, versatile handheld devices combining communication, internet access, multimedia capabilities, and computing functions, are sought after for their convenience and ever-evolving features, meeting diverse communication, entertainment, and productivity needs. Cloud music services are utilized by smartphones to stream and store music files remotely, allowing users access to extensive song libraries, creation of playlists, and seamless playback experiences across multiple devices. For example, data from Uswitch Limited in February 2024 revealed 71.8 million mobile connections in the UK, marking a 3.8% increase from 2021, with an anticipated 95% smartphone adoption rate among the UK's 68.3 million residents by 2025. Consequently, the rising demand for smartphones is a catalyst for the growth of the cloud music services market.
Key players in the cloud music services market are concentrating on developing AI-based music services to enhance user experiences and engagement. AI-based music services leverage algorithms to personalize recommendations, curate playlists, and refine user experiences based on listening habits and preferences. For instance, Ganna, an India-based music streaming app, launched Gaana for Artists in January 2022, empowering artists with real-time audience insights from Gaana's vast user base of 180 million. It provides transparent data on song streams, top listening cities, and performance analytics to better understand audience preferences.
In January 2022, SiriusXM, a US-based audio entertainment company, acquired Cloud Cover Music for an undisclosed sum. This acquisition enables SiriusXM to integrate resources, expand offerings to cater to businesses of various sizes, and significantly broaden Cloud Cover Music's client base. Cloud Cover Music is a US-based business streaming music service.
Major companies operating in the cloud music services market are Amazon.com Inc., Apple Inc., Google LLC, NetEase Inc., Spotify Technology S.A., iHeartMedia Inc., Tencent Music Entertainment Group, Pandora Media Inc., SoundCloud Limited, Deezer SA, Vevo LLC, ASPIRO AB, TuneCore Inc., Bandcamp Inc., Amuse.io AB, Mixcloud Limited, Beatport LLC, Saavn Media Pvt Ltd, Rdio Inc., Gaana.com
North America was the largest region in the cloud music services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud music services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the cloud music services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The cloud music services market includes revenues earned by entities providing services such as streaming, offline listening, cross-device syncing, social integration, high-quality audio streaming, lyrics integration, customization, integration with smart devices and voice assistants, podcasts and audio content, and subscription tiers. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cloud Music Services Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cloud music services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cloud music services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The cloud music services market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.