Streaming Music Growth

The music landscape has taken a sharp turn in 2016 when, for the first time, it overtook the sales of discs together with downloads.

11:42 25 September 2017

This is thanks to the particular growth in developing markets such as China, India and Mexico.

 

With this, music fans can help but wonder, it is time to finally say good to buying music and start renting a library – or can the two coexist?

 

According to analysis, streaming might very well be the future of the music industry. By the end of last year, there are about 112 million users worldwide who are paying premium for their streaming service. Meanwhile, for the same time span, the sales of physical media dropped by 7.6per cent. With many streaming services that are out there to compete with each other, customers can expect only the best to come.

 

We’ve come a long way from the early days of Spotify. Low-sound quality is basically an unknown concept in music streaming. Listeners are also offered different subscription plans and packages to suit their specific needs. Some of the best streaming services that are going head-to-head with Spotify are:

 

·       Qobuz

 

·       Primephonic

 

·       Tidal

 

·       Apple Music

 

·       Idagio

 

 

Each has unique selling preposition that can help someone who is new in the streaming arena make well-informed choice in picking the best services for them.