Latest News- Generative AI In Music Market: Software is expected to lead the Component segment during 2025-2029

The Generative AI In Music Market is being driven by Democratization of music creation and lowered production barriers

The Generative AI In Music Market is expected to grow at a CAGR of 25% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1907.5 million. The generative AI in music market is witnessing significant growth, with a primary trend being the progression towards hyper-realistic vocal synthesis. Notable advancements in this area are leading to collaborations between AI technology companies and established recording artists. This shift goes beyond instrumental generation, as the industry explores the creation of lifelike human singing voices. This technological leap offers innovative opportunities for producers, enabling them to generate high-quality vocal performances from text or even replicate the unique timbre, style, and nuances of specific individuals. However, this advancement raises profound ethical and economic dilemmas, such as the potential for posthumous performances and the impact on the music industry's workforce. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Software
  • Services
• Technology
  • Transformers
  • Diffusion models
  • GANs
• Application
  • Automated music composition
  • Music mastering and editing
  • Personalized music recommendations
  • Music transcription and analysis
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Democratization of music creation and lowered production barriers
• Surging demand for personalized and dynamic audio content
• Continuous advancements in AI models and computational infrastructure

However, the market also witnesses some limitations, which are as follows:

• Navigating complex copyright and intellectual property landscapes
• Addressing ethical concerns and ensuring fair artist compensation
• Overcoming technical limitations and risk of content saturation

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Market Scope in Generative AI In Music Market Research Report

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Research Analysis Overview

The Generative AI in Music market encompasses various applications, including music synthesis algorithms, AI music datasets, audio feature extraction, music information retrieval, AI music performance, education, therapy, and the creation of AI-generated soundtracks and jingles. AI music collaboration, human-AI music creation, evaluation, and innovation are also part of this industry. Music generation software, plugins, libraries, accessibility, creativity, and potential are key components, while challenges and the future of AI music continue to shape its development within the industry.

Market Research Overview

The global application software market encompasses businesses specializing in the development and production of software solutions for specific business or consumer applications. This sector includes enterprise and technical software, as well as cloud-based offerings. Notably, the sub-segments of AI music composition, neural network music, and generative music models fall under this market category. These advanced technologies enable AI-assisted music production, contributing significantly to the growth of the application software market within the IT industry. Technavio's market analysis calculates the market size based on the combined revenues of these companies, incorporating cloud-based software providers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/