Generative Artificial Intelligence (AI) In Music Market Anticipated To Witness Robust Growth, Surpassing $1.22 Billion By 2029

The Generative Artificial Intelligence (AI) In Music Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Generative Artificial Intelligence (AI) In Music Market Size and Its Estimated Growth Rate?
The market size for generative artificial intelligence (AI) in music has seen exponential growth lately. The market is predicted to expand from $0.34 billion in 2024 to $0.44 billion in 2025, reflecting a compound annual growth rate (CAGR) of 29.0%. The impressive growth during the historic period is the result of enhancements in computing power, creative experimentation, improved and available data, personalization of content, and an increase in big data.

Over the coming years, the market size for generative artificial intelligence (AI) in music is set to experience explosive growth. The market is projected to swell to $1.22 billion by 2029, boasting a compound annual growth rate (CAGR) of 28.7%. Factors contributing to this growth during the projected timeframe include incorporation of creative tools, the assimilation of AI into creative processes, ethical and regulatory factors, cost-effectiveness, and scalability, as well as the rise of AI-powered content discovery. Key future trends encompass developments in deep learning algorithms, the synergy between AI and human creativity, avenues for monetization, real-time content creation, and production of hyper-realistic content.

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How Are Emerging Segments Shaping the Generative Artificial Intelligence (AI) In Music Market Landscape?
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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Which Growth Factors Are Influencing Generative Artificial Intelligence (AI) In Music Market Expansion?
The growth of generative artificial intelligence (AI) in the music market is anticipated to accelerate due to the rising use of smartphones. Smartphones, which are devices that integrate the functionalities of a mobile phone and a portable computer, including email, data storage, and internet access, are primarily adopted for their connectivity, multifunctionality, social and cultural appeal, affordability, and accessibility. The ubiquity of smartphones has given millions of users globally the ability to use various music creation applications and platforms driven by Generative AI. These applications enable users to compose, remix, and produce music on their smartphones, negating the need for costly studio equipment or specialized software. For example, in May 2024, BankMyCell, a telecommunications firm based in New York, stated that the global smartphone user base is about 4.88 billion, which equates to 60.42% of the global population owning a smartphone. Factoring in users with numerous devices, the total number of active smartphone subscriptions worldwide is 7.21 billion. It is forecasted that the number of smartphone users could rise to 6.38 billion by 2029, marking a growth of 30.73% over five years. As a result of this increased adoption of smartphones, the generative artificial intelligence (AI) in the music market is experiencing a significant growth.

Who Are the Dominant Players Across Different Generative Artificial Intelligence (AI) In Music Market Segments?
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

What Are the Latest Developing Trends in the Generative Artificial Intelligence (AI) In Music Market?
Leading firms in the generative artificial intelligence (AI) space for the music industry are introducing cutting-edge AI tools like Stable Audio for music and sound creation. These tools are designed to ignite creativity, simplify workflow, and boost innovative composition. Stable Audio is an AI tool that autonomously or jointly with human interaction, creates melodies, harmonies, rhythms, sound effects, and complete music compositions. For example, in September 2023, Stability AI Ltd., a UK-based company that offers free and open-source generative AI, unveiled Stable Audio. Utilizing the most advanced AI algorithms, it provides quick, superior-quality music through a user-friendly online interface. Stable Audio is available in two formats: a basic free version for crafting and downloading up to 20-second tracks; and a 'Pro' subscription offering 90-second music tracks downloadable for commercial usage. Stable Audio is a powerful tool, offering musicians a means to create samples for their tracks utilizing the latest AI technology.

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Which Geographic Regions Are Expected to Dominate the Generative Artificial Intelligence (AI) In Music Market in the Coming Years?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Generative Artificial Intelligence (AI) In Music Market?
2. What is the CAGR expected in the Generative Artificial Intelligence (AI) In Music Market?
3. What Are the Key Innovations Transforming the Generative Artificial Intelligence (AI) In Music Industry?
4. Which Region Is Leading the Generative Artificial Intelligence (AI) In Music Market?

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