The penetration rate in the 'Music Streaming' segment of the digital media market in Singapore was forecast to continuously increase between 2024 and 2027 by in total 3.5 percentage points. After the tenth consecutive increasing year, the indicator is estimated to reach 27.53 percent and therefore a new peak in 2027. Notably, the penetration rate of the 'Music Streaming' segment of the digital media market was continuously increasing over the past years.
Data provided by Statista Market Insights are estimates.
Music Streaming services, e.g. Spotify, Deezer or Apple Music, offer unlimited access to their content libraries for a monthly subscription fee (without any advertising). Music can be streamed to various connected devices. Ad-supported services, with forced commercial breaks between the tracks, internet radio or video streams (e.g. YouTube) are not included.
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Statista. (January 3, 2024). Penetration rate of music streaming in Singapore 2017-2027 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/forecasts/1365377/singapore-music-streaming-user-penetration-rate
Statista. "Penetration rate of music streaming in Singapore 2017-2027." Chart. January 3, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/forecasts/1365377/singapore-music-streaming-user-penetration-rate
Statista. (2024). Penetration rate of music streaming in Singapore 2017-2027. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/forecasts/1365377/singapore-music-streaming-user-penetration-rate
Statista. "Penetration Rate of Music Streaming in Singapore 2017-2027." Statista, Statista Inc., 3 Jan 2024, https://www.statista.com/forecasts/1365377/singapore-music-streaming-user-penetration-rate
Statista, Penetration rate of music streaming in Singapore 2017-2027 Statista, https://www.statista.com/forecasts/1365377/singapore-music-streaming-user-penetration-rate (last visited December 22, 2024)
Penetration rate of music streaming in Singapore 2017-2027 [Graph], Statista, January 3, 2024. [Online]. Available: https://www.statista.com/forecasts/1365377/singapore-music-streaming-user-penetration-rate