Music Streaming Subscriptions Grow To 132.6 Million, Generate $5.7 Billion In Revenue, says MIDiA Study
[UPDATED] Analysts MIDiA have released a new Streaming Services Market Shares global report that looks at subscription revenues (trade and retail), subscribers and subscription market shares for more than 30 music services at the country level, across 30 countries and regions. Here are some highlights:
- At the end of 2016 there were 132.6 million music subscribers, up from 76.8 million in 2015
- In Q4 2016 Spotify’s subscriber market share was 35% and it had $2,766 million in retail revenue
- Apple Music was second with 21 million subscribers at the end of 2016, a 15.6% market share and it had $912 million in retail revenue
- In 2016 Apple was the largest driver of digital music revenue across Apple Music and iTunes
- The US is the largest music subscription market, which Spotify leads with 38% subscriber market share
- The UK is Europe’s largest streaming market, which Spotify also leads
- China’s subscriber base is the second largest globally, but it ranks just 13th in revenue terms
- Japan is the world’s third largest subscription market, in which Amazon has the largest subscriber market share
- Brazil is Latin America’s largest music subscription market
Get The Full Report
The report contains 23 pages and 13 charts with full country detail as well as audience engagement metrics. The dataset includes four worksheets and a comprehensive methodology statement.
Streaming Services Market Shares is available right now to MIDiA premium subscribers. If you would like to learn more about how to access MIDiA’s analysis and data, email Stephen@midiaresearch.com.
The report and data is also available as a standalone purchase on MIDiA’s report store as part of our ‘Streaming Music Metrics Bundle’. This bundle additionally includes MIDiA’s ‘State of The Streaming Nation 2.1’. This is our mid-year 2017 update to the exhaustive assessment of the streaming music market first published in May. It includes data on revenue, forecasts, consumer attitudes and behaviour, YouTube, app usage and audience trends.