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Music Streaming Advertising - North America

North America

The Music Streaming Advertising market in North America is anticipated to witness a substantial growth in revenue, with projections indicating that it will reach a staggering €2.88bn by 2024.
Furthermore, a steady annual growth rate (CAGR 2024-2027) of 3.79% is expected, resulting in a projected market volume of €3.22bn by 2027.
Looking specifically at the number of users in the Music Streaming Advertising market in North America, it is estimated that it will reach approximately 135.9m users by 2027.
This indicates a significant user base in the region.
In terms of user penetration, it is projected to be 0.00 in 2024 and is expected to remain at the same level until 2027.
This suggests that the market is already saturated, with nearly all potential users already utilizing music streaming advertising services.
It is important to note that when compared globally, United States is set to generate the highest revenue in the Music Streaming Advertising market, with an estimated €2,711.00m in 2024.
This demonstrates the dominance of the US market in this segment.
The average revenue per user (ARPU) in the Music Streaming Advertising market is projected to be €22.55 in 2024.
This figure represents the average amount of revenue generated per user in the market segment.
In North America, music streaming advertising is dominated by major brands and artists, creating a competitive landscape for smaller players to navigate.

Key regions: Asia, United Kingdom, France, United States, South Korea

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Comparaison de régions

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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.