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Global Subscription of Online Music Streaming Services record 32% increase

Mousumi Rana Published on : 06 April 2020
Increase in Online music streaming subscriptions

 

As per research, global subscriptions of online music streaming platforms  witnessed a 32% increase YoY (year-on-year), accounting to 358 million subscribers in the year 2019. 

With 35% of total paid subscriptions and 31% of total revenue, Spotify leads the game. 

Apple Music ranks 2nd in the list with 19% of total paid subscriptions and 24% of total revenue of the online music streaming industry. Subscriptions of Amazon Music reached 15% share, positioning it at the 3rd place.

By the end of year 2020, subscription for online music streaming services is expected to exceed 25% year-on-year so as to cross 450 million subscribers. 

Written by: Mousumi Rana

Mousumi is a Content Marketer for Muvi. She is passionate about writing corporate blogs, articles, case studies, and marketing collaterals. When not working, she loves to dance, gym, and explore new places.

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