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Significant fluctuations are estimated for all segments over the forecast period for the number of listeners. Only for the segment Digital Music, a significant increase can be observed over the forecast period. Here, the number of listeners exhibits a difference of 107 million users between 2017 and 2029.

Find further statistics on other topics such as a comparison of the number of users in Finland and a comparison of the penetration rate in Turkey.

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Number of traditional and digital music users in Europe from 2017 to 2029 (in millions)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Music, Radio & Podcast market includes platforms and services dedicated to audio content consumption, spanning music streaming, radio broadcasting, and podcast distribution. This market caters to diverse preferences, offering users access to a wide range of audio content, from music tracks and live radio shows to on-demand podcasts.

Structure:

The Music, Radio & Podcast market encompasses Traditional Radio, Traditional Music, and Digital Music, offering diverse audio content options to consumers. Traditional Radio includes broadcast stations delivering live music and talk shows, while Traditional Music covers both physical and digital sales of music albums and singles. Digital Music consists of streaming platforms providing on-demand access to extensive music libraries, meeting the evolving preferences of consumers for convenient and personalized audio experiences.

Additional Information:

The market comprises revenues, ad spendings, users, average revenue per user, and penetration rates. Revenues are generated through purchases. Key players in the market are companies, such as Spotify, iHeartMedia, and Apple Music.

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