As musicians and other industry professionals began utilizing podcasts and other audio content to discuss music, share insights, and engage audiences in new ways, these platforms gained popularity. Music Market Segmentation Analysis The global Music market is divided into three segments by Type of ...
Spotify continues to set the pace:Spotify’s market share (32%) is around where it was in 2015 and has remained relatively stable in all the intervening quarters. That might sound like stasis, but it is anything but. Between 2015 and 2024, the global base of music subscribers grew by mor...
The music industry’s growing obsession with declining ARPU will continue to colour the outlook for the global streaming market in revenue terms, but the positive driver of this equation is the rapid growth of music subscribers. There were 100 million new music subscribers in 2020, taking the to...
Over the past 50 years, the music industry has experienced significant changes that have been driven by technological advancements, evolving consumer preferences, and market dynamics. This visual analysis examines the shifting revenue sources from physical formats like vinyl, cassette, and CDs to digital...
Market Research Decode the data Access comprehensive music industry analytics to track market trends and analyze competitive landscapes. Make strategic decisions backed by reliable cross-platform data and clear performance metrics. Audience Demographics ...
We believe that independent artists are a driving force of the music industry’s future, and we are well-positioned to help them realise their artistic and commercial potential in the digital era. With a large base of young music enthusiasts who tend to be more receptive to, and interested ...
Southeast Asia: In Southeast Asia, revenue in the Music, Radio & Podcasts market is projected to reach US$2.24bn in 2025. Definition: The Music, Radio & Podcast market includes platforms and services dedicated to audio content consumption, spanning music
Following the rationale of the Worldwide Independent Network (WIN) which states that 'measuring music industry market share by copyright ownership continues to be the most legitimate method'6 we decided to use copyright ownership of a track – instead of distributor – to categorize tracks. To do...
Cloud Music added 35.7 million subscribers in the 12 months leading up to Q2 2021. Together, they accounted for 18% of global market shares, despite being available only in China. Yandex, in Russia, was the other big gainer, doubling its subscriber base to reach 2% of global market share....
Industry stakeholders must adapt to these evolving consumer preferences, prioritizing innovation in content delivery and community-building strategies to remain competitive.Local special circumstances: In the United States, the Digital Music market thrives on a culture of innovation and diverse musical ...