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Market
Leading AI music platform by market share end of 2024
5
Resolution / Starting Odds
Suno • 33%
Udio • 33%
Other • 34%
Market analysis reports comparing AI music platforms
Story
ElevenLabs Launches AI Music Model to Rival Suno and Udio
May 9, 2024, 07:38 PM
ElevenLabs has introduced a new AI music model capable of generating songs from text prompts. The model, showcased in an early preview, demonstrates its ability to produce music across various styles including pop, rock, and country without any manual edits. This innovation places ElevenLabs in direct competition with other AI music platforms such as Suno and Udio. The company has invited users to submit their own song ideas and lyrics for personalized song generation, highlighting the interactive aspect of this technology.
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ElevenLabs leads • 33%
Suno leads • 33%
Udio leads • 33%
Significant market disruption • 33%
Moderate impact • 33%
Minimal impact • 34%
New competitors emerge • 50%
No new competitors • 50%
Pop • 25%
Hip-hop • 25%
Electronic • 25%
Rock • 25%
GaiaNet • 33%
Libertai_DAI • 33%
Filecoin • 33%
Meta • 33%
Microsoft • 33%
Other • 34%
Music extension • 33%
Music remixing • 33%
Multi-modal control • 33%