![]() Spotify market share is 36%, doubling the share of Apple Music which is second. From 2020 to 2024 the Music Streaming Industry growth is projected to average 6% per year. In 2020, the size of the Music Streaming Industry is estimated at $16B and is projected to grow by 6% in 2021. The chart shows the Music Streaming Market Size over a forecast period from 2020 to 2024. Worldwide Music Streaming Market Size ($), 2020-2024 Spotify is a leader in Music Streaming market share with 271 million users in 2019. Music streaming services reached 358 million paid subscribers in 2019, and they are projected to have 450 million paid subscribers at the end of 2020. Music streaming music services market share accounted for 80% of all recorded music revenues in 2019, growing 20% over the previous year. Music Streaming services can be used for free with limited access and advertising, and can also offer unlimited access to their content libraries for a monthly subscription fee (without any advertising). Music streaming providers such as Spotify, Apple Music, Amazon Music, and Pandora, use this method to provide songs that can be enjoyed on different types of devices. ![]() The way the streaming process works is that the audio file is delivered in small packets so the data is buffered on a device and played pretty much straight away. Music streaming is a way of delivering music in real-time, without requiring you to download files from the internet. ![]() Last Updated: JanuAbout the Music Streaming Industry ![]()
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