PUBLISHER: The Business Research Company | PRODUCT CODE: 1657260
PUBLISHER: The Business Research Company | PRODUCT CODE: 1657260
Generative AI in music involves the use of artificial intelligence algorithms to create original compositions, harmonies and even lyrics, emulating various musical styles and genres. It is employed during various stages of music creation, such as composing new pieces, mixing tracks and recording sessions, offering innovative tools that complement traditional methods.
The generative artificial intelligence (AI) in music market consists of revenues earned, by entities (organizations, sole traders and partnerships) that enable machines to autonomously create, produce and even perform music. This technology leverages advanced algorithms to analyze vast datasets of existing music, learning patterns and structures to generate original compositions. As a result, generative AI is reshaping how music is composed, produced and experienced.
The global generative artificial intelligence (AI) in music market was valued at $49.53 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 53.00%.
Increasing Adoption Of Smartphones
The increasing adoption of smartphones supported the growth of generative artificial intelligence (AI) in music market during the historic period. Smartphones have evolved to a level of power that enables the operation of advanced music creation applications utilizing generative AI. These applications allow users to compose, produce and mix music by harnessing AI algorithms that generate melodies, harmonies and beats based on user inputs. Given the widespread availability and portability of smartphones, a broader range of individuals from casual enthusiasts to professional musicians have the opportunity to access and experiment with AI-driven music production tools. For example, according to DataReportal, a Singapore-based online reference library, between 2022 and 2023, Spain experienced a growth of 2.2%, adding 1.3 million new mobile connections. Further, in January 2023, according to Data Reportal, Poland had 52.95 million cellular mobile connections, which was 127.7% of the total population. This was a 4.8% increase from 2022. Thus, the increasing adoption of smartphones supported the growth of the generative artificial intelligence (AI) in music market.
Transforming Music Production With Interactive Digital Platforms
Companies operating in the generative artificial intelligence (AI) in music market are focusing on developing interactive digital platforms to drive user engagement, enable seamless collaboration and deliver personalized music creation experiences. These platforms utilize AI-powered tools that empower users to compose, remix and produce music in real-time, catering to both amateur and professional musicians. For instance, in November 2024, the Saudi Music Commission, a Saudi Arabian company, launched an interactive digital platform called MusiqAI. This platform aims to provide a comprehensive learning experience for music enthusiasts, from beginners to advanced musicians, by integrating the latest technologies in music production and education. MusiqAI is the first self-learning digital platform for music in Saudi Arabia and the Arab region, making music education accessible to a wide audience. It offers online courses that allow users to learn at their own pace, anytime and anywhere. MusiqAI represents a significant step towards integrating AI into music education, reflecting Saudi Arabia's commitment to leveraging technology for cultural development.
The global generative artificial intelligence (AI) in music market is fairly fragmented, with a large number of small players in the market. The top ten competitors in the market made up to 24.17% of the total market in 2023.
Generative Artificial Intelligence (AI) In Music Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global generative artificial intelligence (AI) in music market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for generative artificial intelligence (AI) in music? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The generative artificial intelligence (AI) in music market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider generative artificial intelligence (AI) in music market; and compares it with other markets.