June 17, 2020

Music Streaming Application: All the Stats, Facts and Data You'll Ever Need to Know | Poll of the Day

In the US, typically an individual spends around 17 hours in audio or music streaming. That comprises of radio stations as well as online audio content.

Moreover, approximately 2/3rd of the overall population of the US currently hears audio content that are available online, which is a noteworthy rise in numbers as compared to the number in 2012. In addition, above 50 per cent of individuals who belong to the age group of 12 years and above have listened to podcast.

Now, while analyzing the providers of music streaming service, it was found that Apple Music acquires major share of monthly subscribers that has been recorded to almost 49.5 million. Apple Music is closely trailed by Spotify, with the monthly subscriber accounting to almost 47.7 million. Also, Pandora radio has got a monthly subscriber count of almost 36.8 million. These statistics make one thing very clear that the music streaming applications market is augmenting at a robust rate. Also, there is a lot of scope for the people looking forward to enter into the market.

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Top Leading Players of Music Streaming Application Market:

  1. Spotify Limited
  2. Apple Music
  3. Pandora Media Inc.
  4. Amazon Music
  5. Deezer
  6. Google Play Music
  7. Tencent Music Entertainment Group
  8. YouTube Music