font-family:Wingdings;} This includes deeper analysis on competitors in the Music Streaming market, including Spotify, Apple Music, Amazon, Tencent, Google, Deezer, Pandora, MelON; research into related topics such as Streaming Services, Video Streaming Services, Connected Devices, Smart Speakers, Smartphones, Tablets, Laptops, Internet of Things, Headphones, Voice Assistants, Smart Home; or additional support in the Music Streaming Sector or other Sectors. mso-fareast-theme-font:minor-latin; font-family:"Courier New";} The chart shows Music Streaming Market Share in 2019. Today most activities at home are closely tied to services provided on the internet, including streaming services of all kinds. {mso-level-number-format:bullet; font-family:"Calibri",sans-serif; 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. Amazon’s recent year sales figures make its sales more than the gross domestic product of all of oil-rich Algeria which was around $173 billion in 2017. mso-level-number-position:left; font-family:Wingdings;} font-size:12.0pt; At the end of 2019, Amazon Music had 55 million subscribers. mso-header-margin:35.4pt; mso-level-number-position:left; mso-ascii-font-family:Calibri; Get help with market research for the Music Streaming market, including the source for this Music Streaming Market Share chart and other data here. font-family:"Calibri",sans-serif; mso-style-qformat:yes; 34 %. mso-fareast-font-family:Calibri; 3 player in the market for paid music streaming. The global subscriber market is in rude health in Q1 2020, significantly more so than the revenue and ARPU side of the equation. (eMarketer, 2020) mso-add-space:auto; margin-bottom:0cm; mso-pagination:widow-orphan; The Amazon music brand is owned by Amazon Com , a company listed in New York. The chart shows the Music Streaming Market Size over a forecast period from 2020 to 2024. Spotify’s first quarter earnings were a mixed bag, with a largely positive picture for Q1 but some warning signs for the remainder of the year: Subscribers:  Spotify’s Q1 earnings may not have…, Sorry to be the bearer of bad tidings but the global music industry will decline in 2020. mso-style-qformat:yes; font-family:"Courier New";} mso-style-type:export-only; The Amazon music brand, founded in 2007 (United States), is part of our Top Popularity Web, has more than 348 sister brands and more than 419 competing brands. Meanwhile, the report states that Amazon Music ended 2019 with a 15% share of subscriptions in 2019 compared to 10% in 2018, with YouTube Music ending the year with a 6% market share. mso-ansi-language:EN-US;} /* List Definitions */ mso-hansi-theme-font:minor-latin; These estimates were made before the Coronavirus (COVID-19) pandemic. © 2021 MIDiA Research Ltd. All Rights Reserved. p.MsoListParagraphCxSpLast, li.MsoListParagraphCxSpLast, div.MsoListParagraphCxSpLast Music Streaming is a Mature market composed of a few large competitors and many small competitors. /* Style Definitions */ mso-level-number-position:left; mso-ansi-language:EN-US;} Request help with obtaining the source for this data and additional Music Streaming industry market research here. Over the past month a combination of consumer survey data, ratings announcements and…. font-family:Wingdings;} mso-pagination:widow-orphan; mso-footer-margin:35.4pt; London-based Midia Research reports that Amazon Music is now the world's third-largest music subscription service with around 18 million subscribers as of mid-2017 — 16 percent of a market with more than 162 million subscribers — making it a contender behind Spotify and Apple Music, which command respective market shares of 58 percent and 28 percent. Music streaming is a way of delivering music in real-time, without requiring you to download files from the internet. mso-add-space:auto; mso-add-space:auto; mso-bidi-theme-font:minor-bidi; margin:0cm; font-size:12.0pt; mso-level-tab-stop:none; Amazon is now in the big league. mso-fareast-theme-font:minor-latin; While Spotify leads … mso-ansi-language:EN-US;} The Amazon music sector is The short term impact of COVID-19 on the Music Streaming market growth will likely be Beneficial because Social Distancing policies involve people working and doing other activities while staying at home. font-size:12.0pt; Since Q4 2016, Spotify has averaged 34.8% global music subscriber market share, meaning that despite fierce competition it has managed to stay ahead of the pack, actually increasing share slightly from 34.2% to 35.3%.