What are the emerging trends in global music consumption for?.

As of 2024, global music consumption is significantly influenced by streaming platforms, technological advancements, and shifting listener preferences. Key trends include:

Key Facts

• Streaming accounts for over 80% of global music revenue as of 2024.
• The growth of podcasts and audio content is diversifying listener engagement.
• Genres like K-Pop and Latin music continue to rise in popularity worldwide.
• AI-driven tools are increasingly used for music production and personalized recommendations.

Examples or Use Cases

• Spotify and Apple Music dominate the streaming market, with artists using platforms to reach global audiences.
• Virtual concerts and live-streamed events are becoming mainstream, offering new revenue streams for artists.

FAQs

• What is driving the growth of music streaming? Increased smartphone penetration and affordable internet access are key drivers.
• How is AI changing the music industry? AI is used for music creation, analysis, and enhancing user experiences.