🎵
The Music Market
With more streaming services becoming accessible each year, the streaming market is continually expanding. By 2030, it is anticipated that the streaming market would be worth $330 billion.
Incredibly, 60% of American families and 85% of U.S. households each have at least one paid music streaming subscription.
All major providers have seen an upsurge in subscribers since the COVID-19 outbreak began. Video streaming businesses have been compelled to spend more money on new material, especially "originals," as a result of COVID and general expansion.
Spotify had 182 million subscribers in Q1 2022, a 15% increase year-on-year. It surpassed 100 million in Q1 2019.
Last modified 5mo ago