Generative AI in Music Market Report: A Comprehensive Look at Trends and Opportunities
Dublin, February 21, 2025 — The “Generative Artificial Intelligence (AI) in Music Market Opportunities and Strategies to 2034” report has been released by ResearchAndMarkets.com. This detailed analysis provides invaluable insights into the current state and future trajectory of the AI-driven music industry.
Key Market Overview
The report covers the generative AI in music market from 2019 to 2034. It divides this period into two segments: the historic period (2019-2024) and the forecast period (2024-2029, with projections extending to 2034). The study evaluates market dynamics across various regions and key economies within each region.
Market Growth in Numbers
In 2024, the global generative AI in music market was valued at approximately $419.85 million, reflecting a compound annual growth rate (CAGR) of 53.34% since 2019. Projections indicate that the market will reach $4.3 billion in 2029, growing at a CAGR of 59.25%. By 2034, the market is forecasted to expand further, achieving a value of $22.57 billion with a CAGR of 39.32%.
Market Fragmentation
The generative AI in music market is dominated by numerous small players, resulting in fragmentation. In 2023, the top ten competitors accounted for approximately 24.17% of the market share. Notable leaders include Jukedeck with a 5.57% share, T Suno with 2.97%, and Aiva Technologies with 2.30%.
Historical and Future Growth Drivers
Historically, growth has been fueled by increased smartphone adoption and disposable income. Concerns over data privacy have somewhat hindered progress. Moving forward, government support, urbanization, social media influence, internet penetration, and the expansion of music streaming services are expected to drive growth. High operational costs remain a potential obstacle.
Market Segmentation by Type
The market is segmented into song composition and creative process, music production, promotion and marketing, and other types. As of 2024, the song composition and creative process market holds the largest market share, accounting for 39.36% or $165.25 million. In the coming years, this segment is projected to grow at a CAGR of 64.07%.
Market Segmentation by Software
AI solutions are categorized into on-premise and cloud-based solutions. Cloud-based solutions currently dominate, making up 74.69% of the market in 2024 or $313.6 million. This segment is forecasted to grow at a CAGR of 61.90%.
Market Segmentation by Operating System
Windows is the leading operating system for AI music solutions, holding 73.01% of the market in 2024. However, Mac operating systems are anticipated to grow rapidly at a CAGR of 62.44%.
Market Segmentation by End-User
Professionals, audio engineers, and mixers lead the end-user market, making up 27.31% or $114.68 million of the total in 2024. The electronic musicians segment is expected to grow fastest at a CAGR of 66.37%.
Geographical Breakdown
North America is the largest regional market, accounting for 40.59% or $170.44 million in 2024. Asia Pacific and Western Europe follow, with projected CAGRs of 62.18% and 60.72%, respectively. North America and South America will also experience significant growth, with CAGRs of 58.66% and 57.05%.
Top Opportunities
The report highlights several key opportunities. The song composition and creative process segment is forecasted to gain $1.79 billion in global annual sales by 2029. The Windows segment will increase by $2.79 billion, while the professionals or audio engineers and mixers segment is expected to grow by $988.31 million. The cloud-based solutions segment will grow by $3.17 billion, and the USA will see the largest market size gain, at $1.35 billion.
Strategic Recommendations
To capitalize on these opportunities, the report advises companies to invest in interactive digital platforms, develop generative AI music tools, focus on text-prompt-based creation, prioritize the song composition market, emphasize Mac OS, target cloud-based solutions, explore emerging markets, provide competitive pricing, leverage B2C promotions, participate in trade shows, target electronic musicians, and engage urban consumers.
Report Attributes
| Report Attribute | Details |
| No. of Pages | 476 |
| Forecast Period | 2024 – 2034 |
| Estimated Market Value (USD) in 2024 | $419.9 Million |
| Forecasted Market Value (USD) by 2034 | $22570 Million |
| Compound Annual Growth Rate | 49.0% |
| Regions Covered | Global |
Featured Companies
Some of the companies highlighted in this report include Jukedeck, T Suno, Aiva Technologies, Boomy Corporation, Amper Music Inc., Amadeus Code, Beatoven ai, Hydra II by Rightsify, Vochlea Music, Udio AI, Ecrett Music, Soundraw, Splash Music, Tencent Holdings Ltd., Gaana Ltd., Sony Group Corporation, Universal Audio Inc., Moises AI, OpenAI, Stability AI Ltd., SoundCloud, Deezer SA, Steinberg Media Technologies GmbH, Magix Software GmbH, Endel, Mubert, Syntheway, Jen Music AI, LUCID Inc., Amazon, Meta Platforms Inc., Universal Music Group, KLAY Vision, Nvidia Corp., Coca-Cola Company, Soundful, Apple Inc., Meta Platforms, HoRNet SRL, Rootstrap, HatchWorks, Sony Music Latin, Universal Music Latin Entertainment, Saudi Music Commission, Anghami Inc., Stable Audio.AI, Waves Audio Ltd., Google DeepMind, YouTube, Josplay, AIVA.
Further Information
For more information about this report, visit ResearchAndMarkets.com.
About ResearchAndMarkets.com
ResearchAndMarkets.com is a leading global provider of market research reports and market data. We offer the latest insights on international and regional markets, key industries, leading companies, new products, and emerging trends.
Stay ahead of the music technology curve by exploring the full report. The world of AI in music is evolving rapidly, and this report is your guide to understanding where the industry is heading.
Next Steps:
Share your thoughts on the impact of AI on the music industry. Leave a comment below and join the conversation.