Generative Artificial Intelligence (AI) In Music Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers

Which drivers are expected to have the greatest impact on the over the generative artificial intelligence (ai) in music market's growth?
The escalating usage of smartphones is projected to escalate the expansion of generative artificial intelligence (AI) in the music industry. Smartphones are devices that amalgamate a mobile phone and a handheld computer, offering services like email, data storage, and internet connectivity. This increased uptake is driven by factors like connectivity, versatility, societal factors, affordability, and ease of access. As the prevalence of smartphones continues to soar, countless users worldwide can utilize various music-creation applications and platforms fostered by Generative AI. These applications empower users to craft, rehash, and create music straight from their smartphones, eliminating the necessity for costly studio gear or exclusive software. For example, BankMyCell, a telecommunications firm based in New York, reported that the worldwide user base of smartphones touched 4.88 billion in May 2024, which implies that 60.42% of the world's populace own a smartphone. When considering users with multiple devices, 7.21 billion smartphone subscriptions are active globally. Forecasts suggest that the number of smartphone users can escalate to 6.38 billion by 2029, hitting a five year increase of 30.73%. Therefore, the burgeoning uptake of smartphones is fueling the growth of generative AI in the music industry.

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What is the future CAGR of the generative artificial intelligence (ai) in music market, and how will it impact industry expansion?
The market for generative artificial intelligence (AI) in the music industry has experienced significant expansion recently. It is expected to rise from a value of $0.34 billion in 2024 to reach $0.44 billion in 2025, boasting a compound annual growth rate (CAGR) of 29.0%. The historic growth period was spurred by factors such as enhanced computing capabilities, creative innovation, availability and quality of data, customised content, and the rise in big data.

The market size of generative artificial intelligence (AI) in music is projected to witness a significant surge in the upcoming years. It is anticipated to reach $1.22 billion by 2029, with a compound annual growth rate (CAGR) of 28.7%. This projected growth during the forecast period is due to factors such as integration with creative tools, incorporation of AI into creative workflows, considerations of ethics and regulation, cost-effectiveness, and scalability, as well as the rise of AI-powered content discovery. The forecast period will also see key trends like the development of advanced deep learning algorithms, partnerships between AI and human creativity, opportunities for monetization, real-time content production, and the creation of hyper-realistic content.

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How are the latest trends influencing the growth of the generative artificial intelligence (ai) in music market?
Key players in the generative artificial intelligence (AI) music market, such as Stable Audio, are designing innovative AI tools for generating music and sound. These aim to boost creativity, optimize work processes and spur the generation of novel compositions. Stable Audio, a generative tool developed by Stability AI Ltd. in the UK, not only creates melodies, harmonies and rhythms but also entire musical pieces, either by itself or in partnership with human counterparts. In September 2023, this open-source generative AI firm unveiled Stable Audio to provide quicker superior quality music through an easy-to-use online interface. It employs the most advanced AI algorithms. Two core versions of Stable Audio exist - a basic free model for creating and downloading music up to 20 seconds long, and a 'Pro' version that allows downloading of 90-second tracks for commercial usage. Using the most cutting-edge AI technology, Stable Audio offers musicians a means to generate samples for their music.

Which key market segments comprise the generative artificial intelligence (ai) in music market and drive its revenue growth?
The generative artificial intelligence (AI) in music market covered in this report is segmented -

1) By Type: Generative Adversarial Networks (GANs), Augmented Reality Convolutional Neural Networks (AR-CNNs), Transformer-Based Models
2) By Component: Software, Services
3) By Application: Composition Of Music, Music Mastering, Streaming Music, Making Of New Sounds, Other Applications

Subsegments:
1) By Generative Adversarial Networks (Gans): Music Composition And Generation, Style Transfer And Genre Creation, Sound Design And Sampling
2) By Augmented Reality Convolutional Neural Networks (AR-Cnns): Music Visualization And Interaction, Real-Time Music Creation And Manipulation, Virtual Music Performance Enhancements
3) By Transformer-Based Models: Music Sequence Generation, Melody And Harmony Composition, Lyrics And Songwriting AI Tools

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What regions are at the forefront of generative artificial intelligence (ai) in music market expansion?
North America was the largest region in the generative artificial intelligence (AI) in music market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the generative artificial intelligence (AI) in music market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the generative artificial intelligence (ai) in music market?
Major companies operating in the generative artificial intelligence (AI) in music market report are Apple Inc; Alphabet Inc; Microsoft Corporation; Alibaba Group Holding Limited; Sony Group Corporation; Amazon Web Services Inc; International Business Machines Corporation (IBM); NVIDIA Corporation; Shutterstock Inc; DEEZER SA; OpenAI Inc; Native Instruments USA Inc.; Stability AI Ltd; SoundHound AI Inc; SoundCloud Global Limited & Co KG; Moises Systems Inc; Pixelette Technologies LTD; Boomy Corporation; Amper Music Inc.; DigiTrax Entertainment Inc; Pandora Media Inc; Mubert Inc; Vochlea Music Ltd; Aiva Technologies SARL; WaveAI Inc

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What Is Covered In The Generative Artificial Intelligence (AI) In Music Global Market Report?

• Market Size Forecast: Examine the generative artificial intelligence (ai) in music market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the generative artificial intelligence (ai) in music market for a structured understanding.
• Key Players Overview: Analyze major players in the generative artificial intelligence (ai) in music market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the generative artificial intelligence (ai) in music market.
• Segment Contributions: Evaluate how different segments drive overall growth in the generative artificial intelligence (ai) in music market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the generative artificial intelligence (ai) in music market.
• Industry Challenges: Identify potential risks and obstacles affecting the generative artificial intelligence (ai) in music market.
• Competitive Landscape: Review strategic developments in the generative artificial intelligence (ai) in music market, including expansions, agreements, and new product launches.

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