B
Evidence Grade B
Graded
accuracy verified by the review judge
Safe to Cite
Dated
11%
11% -- music streaming market share for Tencent Music (2019)
Tencent Music currently holds an 11% share of the music streaming market.
- Forecasted by Goldman Sachs to reach 23% by 2030
Attribution:
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Lighthouse Research Team
Last verified:
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Source verified
Evidence graded
Value
11%
Unit
Percentage
Data Vintage
2019
Entity
Evidence Quality
B
Strong, reliable evidence
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Single source - not yet corroborated
Score breakdown
Extraction
75
Source Trust
60
Citation Chain
20
Independence
30
Methodology
45
Freshness
95
Source
Goldman Sachs
Primary
Tier B
https://sonosuite.com/blog/global-music-revenue-will-hit-131-billion-by-2030 ↗
Source Article
Global music revenue will hit $131 billion by 2030
Global music revenue will hit $131 billion by 2030
Global music revenue will hit $131 billion by 2030
In 2017, Goldman Sachs forecasted that the music industry would generate $44 billion by 2030. The document, titled Music in the Air, has been widely quoted to show the revival of the sector thanks t…
Original Research
Goldman Sachs
· Original study ↗
Methodology
Current share per Goldman Sachs; forecast to expand to 23% by 2030
Methodology documented
Trend Over Time
| Period | Value | Change |
|---|---|---|
| 2018 | 76% | |
| 2019 (current) | 11% | -85.5% |
Segmentation
Industrymarketing
Cite this stat
Plain Text
Tencent Music: 11% music streaming market share. Source: Goldman Sachs (2019). Via Lighthouse Intelligence -- https://lighthousedata.io/data/tencent-music-market-share-2019
HTML Embed
<blockquote cite="https://lighthousedata.io/data/tencent-music-market-share-2019" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>11%</strong> -- music streaming market share for Tencent Music<br><small>Source: Goldman Sachs (2019) · <a href="https://lighthousedata.io/data/tencent-music-market-share-2019" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
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