Over the last two observations, the revenue is forecast to significantly increase in all segments. As part of the positive trend, the indicator reaches the maximum value for all two different segments at the end of the comparison period. Particularly noteworthy is the segment Traditional Music, which has the highest value of 98.5 million U.S. dollars.
Data provided by Statista Market Insights are estimates.
Definition:
The Music, Radio & Podcast market includes platforms and services dedicated to audio content consumption, spanning music streaming, radio broadcasting, and podcast distribution. This market caters to diverse preferences, offering users access to a wide range of audio content, from music tracks and live radio shows to on-demand podcasts.
Structure:
The Music, Radio & Podcast market encompasses Traditional Radio, Traditional Music, and Digital Music, offering diverse audio content options to consumers. Traditional Radio includes broadcast stations delivering live music and talk shows, while Traditional Music covers both physical and digital sales of music albums and singles. Digital Music consists of streaming platforms providing on-demand access to extensive music libraries, meeting the evolving preferences of consumers for convenient and personalized audio experiences.
Additional Information:
The market comprises revenues, ad spendings, users, average revenue per user, and penetration rates. Revenues are generated through purchases. Key players in the market are companies, such as Spotify, iHeartMedia, and Apple Music.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista. (August 19, 2024). Forecast of the traditional music and radio market revenue in Hungary from 2019 to 2029, by segment (in million U.S. dollars) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1337362/hungary-traditional-music-and-radio-market-revenue-forecast
Statista. "Forecast of the traditional music and radio market revenue in Hungary from 2019 to 2029, by segment (in million U.S. dollars)." Chart. August 19, 2024. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1337362/hungary-traditional-music-and-radio-market-revenue-forecast
Statista. (2024). Forecast of the traditional music and radio market revenue in Hungary from 2019 to 2029, by segment (in million U.S. dollars). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1337362/hungary-traditional-music-and-radio-market-revenue-forecast
Statista. "Forecast of The Traditional Music and Radio Market Revenue in Hungary from 2019 to 2029, by Segment (in Million U.S. Dollars)." Statista, Statista Inc., 19 Aug 2024, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1337362/hungary-traditional-music-and-radio-market-revenue-forecast
Statista, Forecast of the traditional music and radio market revenue in Hungary from 2019 to 2029, by segment (in million U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1337362/hungary-traditional-music-and-radio-market-revenue-forecast (last visited September 20, 2024)
Forecast of the traditional music and radio market revenue in Hungary from 2019 to 2029, by segment (in million U.S. dollars) [Graph], Statista, August 19, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1337362/hungary-traditional-music-and-radio-market-revenue-forecast
