The music industry has changed and has emerged as the dominant format. In the digital age, music has become more accessible than ever before. Gone are the days of physical records and CDs; today, we have an array of options at our fingertips, thanks to the rise of music streaming services.
Read the blog to explore how many music streaming services are there and embark on a journey to uncover the sheer number and diversity of music streaming services available in today’s market.
The Pioneers: A Brief History of Music Streaming
The global music industry worldwide is expected to reach around US$11.45bn in 2022. Total revenue is projected to grow by 11% of CAGR between 2022 and 2027, resulting in a market volume of US$19.24bn by 2027. Music holds true value, and streaming is critical in the industry.
Source: (Statista)
The music industry encompasses digital and physical music sales. However, music streaming mainly contributed a staggering 84% of revenue growth in the United States music industry. Before we delve into the current music streaming scene, it’s essential to understand its evolution.
The streaming music concept has existed since the early 2000s, with platforms like Pandora and Last.fm. These services allowed users to create personalized radio stations based on their music preferences. The landscape underwent a significant transformation with the advent of Spotify in 2008. Spotify’s freemium model and vast music library disrupted the industry and inspired many others to enter the market.
The music industry has experienced increased investment—the millions of paid dollars for music catalogs. Music rights can be an essential asset class, generating long-term licensing deals. Warner Music Group Corp., Universal Music Group, and Sony Music Entertainment’s dominance in the industry as the primary buyers of music rights.
How Many Music Streaming Services Are There?
The internet has flooded our lives with content that is always accessible to users. From unique streaming dramas, movies, TV shows, and more, the streaming platform provides a broader entertainment catalog. The case is similar for music streaming platforms as well.
In the past, music-centric channels such as Channel V, MTV, etc, made it easier for music listeners to access their favorite tunes anytime and anywhere. However, with the changing trend, music streaming platforms like Spotify are more popular among users.
Top music streaming platforms provide a more comprehensive range of songs from different genres. There are lots of music streaming services these days. If you are wondering how many music streaming services are there worldwide, this blog can help you to check the complete list.
Spotify
Swedish audio streaming and media service Spotify is the most popular platform globally, offering a free tier and premium subscription. Founded in 2006, Spotify revolutionized the music streaming industry with its vast catalog, personalized playlists, and podcasts.
Source: (TechCrunch)
Spotify has around 515 million monthly active users, representing a 5% increase as part of its first quarter of 2023. It shows a 22% increase in the corresponding year. Spotify’s report shows that its advertising income grew around 17% year-on-year; it fell by 27% in the previous quarter.
Apple Music
Music, audio, as well as video streaming service developed by Apple Inc., Apple Music was launched in 2015. Apple Music provides an extensive music library and exclusive content. Users can access curated playlists and radio stations, and the number of subscribers of the platform is predicted to hit 110 Million by the end of 2025.
Amazon Music
Music streaming platform and music store operated by Amazon, Amazon Music had 82.2 million subscribers as of Q2 2022. Amazon’s music service, catering to Prime members, offers a variety of subscription options, including HD and Ultra HD audio quality. It has a vast collection of songs, albums, and playlists.
YouTube Music
Leveraging YouTube’s extensive video catalog, YouTube Music combines video and audio streaming, making it a go-to platform for music videos and songs. It offers both free and premium subscriptions.
Deezer
Founded in 2007, Deezer is known for its personalized playlists and a wide selection of international music. It has free and premium tiers and caters to a global audience.
Tidal
Launched in 2014, Tidal stands out with its commitment to high-quality, lossless audio streaming. It also offers exclusive content and emphasizes artist-fan relationships.
Pandora
A pioneer in Internet radio, Pandora offers personalized radio stations based on user preferences. It’s known for its music discovery features.
SoundCloud
Founded in 2007, SoundCloud is a platform where emerging artists share their music, making it a hub for discovering independent and underground talent. It features a vast library of user-generated content.
Google Play Music
Google Play Music, which has since merged with YouTube Music, offered a comprehensive music catalog and was closely integrated with Google’s ecosystem.
iHeartRadio
Launched in 2008, iHeartRadio combines live radio stations, podcasts, and personalized playlists. It’s a popular choice for terrestrial radio enthusiasts.
Napster (formerly Rhapsody)
Napster, an early pioneer in music streaming, was rebranded as Rhapsody and later became part of the Napster brand, known for its music subscription service.
Qobuz
Qobuz, founded in 2007, is known for its high-resolution audio streaming, making it a favorite among audiophiles. It offers a wide range of music, including classical and jazz.
JioSaavn
Popular in India, JioSaavn provides a diverse music collection, including Bollywood hits, regional tunes, and podcasts. It’s a go-to service for Indian music enthusiasts.
Tencent Music
A significant player in China, Tencent Music offers various music options, including streaming, downloads, and social features, serving a massive Chinese user base.
Yandex.Music
Popular in Russia, Yandex.Music offers a broad selection of Russian and international music. It’s a prominent choice for Russian-speaking users.
Boomplay
A leading platform in Africa, Boomplay offers a vast collection of African and international music, podcasts, and other content catering to diverse African tastes.
Wynk Music
Launched by Airtel, Wynk Music is a popular music streaming service in India, providing access to a diverse music library and regional content.
Hungama Music
Offering a diverse catalog, Hungama Music is known for its regional content and caters to Indian audiences with various music genres.
Resso
Owned by ByteDance, the company behind TikTok, Resso offers a unique social music streaming experience, allowing users to interact with songs through comments and other social features.
How Many Music Streaming Services Are There?
Now, you might know how many music streaming services are there worldwide. With this abundance of options, selecting an exemplary music streaming service can be a daunting task. To make an informed decision, consider your music preferences, budget, and desired features. Most services offer free trials, enabling you to explore the offerings before committing to a subscription.
The music streaming landscape is a dynamic and ever-expanding world. Whether you’re a casual listener or a dedicated music enthusiast, you will find a service that suits your tastes and needs. Stay tuned for the updated developments, as the industry will undoubtedly continue to evolve, offering new opportunities for music lovers to explore and enjoy their favorite tunes.
For those aspiring to join the ranks of successful music streaming services, Alphanso Technology stands ready to provide expert development services. Whether you’re looking to create a platform with features like Spotify, Deezer, Tidal, or Amazon Music, we can turn your vision into a reality. Don’t hesitate to reach out to us to discuss your project and embark on your journey in the dynamic world of music streaming.
Frequently Asked Questions
How many music streaming services are there worldwide?
As of the latest available data, there were over 100+ music streaming services worldwide in 2022. The number has likely continued to grow, with new platforms constantly emerging and some less successful ones ceasing operations.
What are the major players in the music streaming industry?
Some major players in the music streaming industry include Spotify, Apple Music, Amazon Music, YouTube Music, Deezer, Tidal, Pandora, SoundCloud, Google Play Music (now merged with YouTube Music), iHeartRadio, and more. These platforms offer a diverse range of music content and features.
What are some unique features offered by different music streaming services?
Music streaming services offer various features to attract users. For example, Tidal is known for its high-quality, lossless audio streaming. Spotify is famous for its personalized playlists and vast music library. YouTube Music combines video and audio streaming, making it suitable for music videos and songs. Users can choose a service based on their preferences.
Are there regional music streaming services available?
Yes, there are regional music streaming services that cater to specific markets and audiences. For example, JioSaavn is popular in India, offering a diverse collection of Bollywood and regional music. Tencent Music serves a massive user base in China, while Boomplay is a leading platform in Africa, providing access to African and international music.
How can I choose the right music streaming service for my preferences?
To choose the right music streaming service, consider your music preferences, budget, and desired features. Most services provide free trials, allowing you to discover their offerings before committing to a subscription. It’s essential to explore the features, content, and pricing of every platform to make an informed decision.
Which music streaming services are available in specific regions, such as India or Russia?
Specific regions have their preferred music streaming services. In India, services like JioSaavn, Wynk Music, and Hungama Music are popular. In Russia, Yandex.Music is a prominent choice. It’s a good idea to explore local services that cater to your region for a more tailored music experience.
How long does it take to develop a music streaming app like Spotify or Deezer?
The time required for music streaming app development varies depending on the app’s complexity, features, and platforms (iOS, Android, web). It can take several months to build a feature-rich app from scratch. Customization, design, and testing also impact the development timeline.
Can you create apps for multiple platforms (iOS, Android, web)?
Yes, we can develop music streaming apps for platforms as per your need, including iOS, Android, and the web, ensuring your app is accessible to a broad user base.
How can I monetize my music streaming app?
There are several monetization options, including subscription plans, ad-supported free tiers, and in-app purchases. We can help you choose the right monetization strategy based on your app’s goals and target audience.
Can you integrate features like social sharing, user-generated content, and music recommendations into the app?
Yes, we can integrate these features to enhance user engagement and make your app more interactive and personalized.