Generative Artificial Intelligence (AI) In Music Market: Future Demand and Top Key Players Analysis | 2029

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 This study helps professionals make sense of complex market trends and competitive shifts affecting the generative artificial intelligence (ai) in music industry today.


What Is The Current Outlook For The Generative Artificial Intelligence (AI) In Music Market By 2025?
The generative artificial intelligence (ai) in music market size has grown exponentially in recent years. It will grow from $0.34 billion in 2024 to $0.44 billion in 2025 at a compound annual growth rate (CAGR) of 28.2%. The growth in the historic period can be attributed to increased computing power, creative experimentation, data availability and quality, content personalization, and increasing big data.

The generative artificial intelligence (ai) in music market size is expected to see exponential growth in the next few years. It will grow to $1.12 billion in 2029 at a compound annual growth rate (CAGR) of 26.2%. The growth in the forecast period can be attributed to integration with creative tools, integration of AI into creative workflows, ethical and regulatory considerations, cost efficiency and scalability, emergence of AI-driven content discovery. Major trends in the forecast period include advancements in deep learning algorithms, collaboration between AI and human creativity, monetization opportunities, real-time content generation, hyper-realistic content generation.

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What Are The Key Driving Factors For The Growth Of The Generative Artificial Intelligence (AI) In Music Market?
The increasing adoption of smartphones is expected to propel the growth of generative artificial intelligence (AI) in the music market going forward. Smartphones are gadgets that combine a mobile phone and a portable computer and usually provide email, data storage, and internet access. The adoption of smartphones is due to connectivity, multifunctionality, social and cultural factors, affordability, and accessibility. With the widespread adoption of smartphones, millions of users worldwide have access to various music creation apps and platforms powered by Generative AI. These apps allow users to compose, remix, and produce music directly from their smartphones, eliminating the need for expensive studio equipment or specialized software. For instance, In May 2024, BankMyCell, a New York-based telecommunications company, reported that the global smartphone user base stands at 4.88 billion, meaning 60.42% of the world’s population owns a smartphone. When accounting for users with multiple devices, active smartphone subscriptions total 7.21 billion worldwide. Projections show the number of smartphone users could reach 6.38 billion by 2029, marking a 30.73% increase over five years. Therefore, the increasing adoption of smartphones is driving the growth of generative artificial intelligence (AI) in the music market.

Global Generative Artificial Intelligence (AI) In Music Market Report Segmentation
The generative artificial intelligence (ai) in musicmarket 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

Generative Artificial Intelligence (AI) In Music Market Emerging Trends And Opportunities
Major companies operating in generative artificial intelligence (AI) in the music market are developing innovative music and sound generation AI tools such as Stable Audio, to enhance creativity, streamline workflows, and inspire innovative compositions. Stable Audio is a music and sound generation AI tool that generates melodies, harmonies, rhythms, sound effects, and entire musical compositions autonomously or in collaboration with human users. For instance, in September 2023, Stability AI Ltd., a UK-based free and open-source generative AI company, launched Stable Audio. It delivers faster, higher-quality music through an intuitive online interface using the most recent artificial intelligence (AI) algorithms. Stable Audio comes in two main types: the basic free edition, used to create and download songs up to 20 seconds long, and the 'Pro' membership, which offers 90-second tracks that may be downloaded for use in commercial projects. Stable Audio provides musicians with a solution to create samples for their songs with the help of the latest AI technologies.

Who Are The Leading Players 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

View the full generative artificial intelligence (ai) in music market report here:
https://www.thebusinessresearchcompany.com/report/generative-artificial-intelligence-ai-in-music-global-market-report

Which Region Is Projected To Hold The Largest Market Share In The Global Generative Artificial Intelligence (AI) In Music Market By 2029?
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.

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