Spotify reportedly controls 31 percent of the market.
Apple and Amazon Music have reported market shares of 15 and 13 percent
Based on Midia’s claim that there were 523.9 million total music streaming subscribers in Q2 2021, this suggests Spotify had just over 162.4 million subscribers paying for its music streaming service . Midia’s estimates would then put Apple Music at almost 78.6 million subscribers for the quarter, and Amazon Music and China-exclusive Tencent Music at a little over 68.1 million each. YouTube Music follows up in fifth place with an 8 percent market share corresponding to 41.9 million subscribers.
According to Midia, the music streaming market is continuing to grow, and increased by 26.4 percent to the second quarter of last year. Although Spotify’s commanding lead means it’s unlikely to be overtaken anytime soon, Midia notes that its market share dropped from 33 percent in Q2 2020 to 31 percent in Q2 2021, and its growth was outperformed by Amazon and YouTube Music, with the latter growing by over 50 percent compared to a year earlier.
Given these figures date back to the second quarter of last year, they’re unlikely to show the full impact of the lossless audio streaming changes that were made last year. Apple Music, for example, added
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Novak Djokovic's deportation over vaccination status exposes Australian border policyTennis star Novak Djokovic's deportation over his vaccination status sheds light on Australia's border policy.
Read more »
Spotify Comfortably Remains The Biggest Streaming Service Despite Its Market Share Being Eaten IntoResearch company MIDiA reports that there were 523.9 million paying subscribers on music streaming services globally in the second quarter of 2021, an increase of 26.4% from the same period in 2020.
Read more »
Rovio Unveils New ‘Angry Birds’ Mobile GameThe puzzle game is now available on the Apple App Store and Google Play.
Read more »
Horned helmets came from Bronze Age artists, not VikingsA pair of horned helmets typically associated with Vikings sheds light on the emergence of warrior cults and religious power in prehistoric Europe during the Bronze Age.
Read more »
Apple and Google split with startups over antitrust billSmaller companies are voicing their support.
Read more »
Apple and Google oppose Senate antitrust efforts, claiming they'd hurt consumer security | EngadgetWith the Senate Judiciary Committee scheduled to discuss the American Innovation and Choice Online Act and the Open App Markets Act this week, Apple and Google are stepping up their opposition to both bills..
Read more »