The UK online music streaming market size reached USD 702.47 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,392.58 Million by2033, exhibiting a growth rate (CAGR) of 7.90% during 2025-2033. The market is growing due to regulatory changes ensuring fair artist compensation, transparent payments, and AI-generated music policies. Live streaming and virtual concerts are driving engagement and revenue, with platforms leveraging digital performances, interactive features, and immersive technologies to expand audience reach and monetization opportunities.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 702.47 Million |
Market Forecast in 2033 | USD 1,392.58 Million |
Market Growth Rate (2025-2033) | 7.90% |
Regulatory and Licensing Agreements
Changing regulatory policies and licensing agreements are shaping the framework of the UK online music streaming industry. Copyright regulations, artist earnings, and equitable compensation systems are central to the ongoing discussions among platforms, record companies, and musicians. The regulatory bodies and governing authority are examining policies concerning equitable compensation for musicians, focusing on discussions about larger revenue shares for artists and clearer payment structures. Streaming services are reworking licensing agreements to align with new regulations while maintaining a viable revenue strategy. Moreover, direct artist licensing and autonomous distribution methods are becoming more popular, enabling musicians to circumvent conventional labels and secure greater revenue percentages. New conversations regarding music produced by artificial intelligence (AI) and intellectual property rights are influencing industry regulations. As regulatory frameworks evolve, streaming services face compliance challenges while striving for profitability and fair artist compensation, which affects future market strategies and revenue distribution models. In 2023, the UK music sector committed to enhancing music streaming metadata to guarantee precise and prompt recognition of songwriters and creators. This voluntary accord sought to improve the standard of metadata for new recordings within two years, incorporating feedback from different industry organizations. The deal was part of the government’s effort to tackle problems in the music streaming industry.
Live Streaming and Virtual Concerts
The combination of live streaming and virtual concerts has improved user interaction in the UK's online music streaming industry. Top platforms are partnering with artists to provide unique live shows, exclusive behind-the-scenes footage, and virtual album releases. The move to digital concerts gained momentum during the pandemic and has persisted as a revenue-generating strategy, enabling artists to connect with global audiences without geographical constraints. Ticketed live broadcasts and pay-per-view occasions have offered artists extra revenue, while interactive elements like live chat and fan interaction tools have strengthened artist-audience bonds. Certain platforms are additionally integrating augmented reality (AR) and virtual reality (VR) experiences, providing more engaging live performances. With artists and record labels seeking innovative ways to profit from digital concerts, live streaming is emerging as a crucial factor that sets music platforms apart, enhancing both audience interaction and revenue opportunities. In 2024, Amazon Music revealed intentions to broaden its City Sessions live music streaming initiative globally, featuring UK performances later in the year. This project sought to provide close-up performances to fans throughout the UK.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on service, revenue model, platform, content type, and end user.
Service Insights:
The report has provided a detailed breakup and analysis of the market based on the service. This includes on-demand streaming and live streaming.
Revenue Model Insights:
A detailed breakup and analysis of the market based on the revenue model have also been provided in the report. This includes subscription and non-subscription.
Platform Insights:
The report has provided a detailed breakup and analysis of the market based on the platform. This includes app and browser.
Content Type Insights:
A detailed breakup and analysis of the market based on the content type have also been provided in the report. This includes audio and video.
End User Insights:
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes individual and commercial.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, and others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Services Covered | On-demand Streaming, Live Streaming |
Revenue Models Covered | Subscription, Non-Subscription |
Platforms Covered | App, Browser |
Content Types Covered | Audio, Video |
End Users Covered | Individual, Commercial |
Regions Covered | London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: