NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Mukesh Ambani
    WhatsApp
    Reliance Jio
    OPPO
    Vivo
    Sensex
    Bitcoin
    NewsBytes
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout


    India Business World Politics Sports Technology Entertainment Auto Lifestyle Inspirational Career Bengaluru Delhi Mumbai Visual Stories Find Cricket Statistics Phones Reviews Fitness Bands Reviews Speakers Reviews

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
     
    Home / News / Business News / Music streaming wars: Spotify leads despite big growth by rivals
    Business

    Music streaming wars: Spotify leads despite big growth by rivals

    Music streaming wars: Spotify leads despite big growth by rivals
    Written by Mudit Dube
    Apr 05, 2020, 06:12 pm 2 min read
    Music streaming wars: Spotify leads despite big growth by rivals

    Last year, the music streaming business grew by a stunning 32% year-on-year with total subscriptions reaching 358 million, according to market research firm Counterpoint Research. Spotify continued to lead the charts by grabbing a 35% share of the total subscriptions despite big growth recorded by rivals. In 2019, Apple Music grew 36% while Amazon Prime Music recorded a 50% increase in its subscription base.

    Music subscriptions driven by exclusive content, promotional activities

    As per Counterpoint, global online music subscriptions grew by a strong 32% YoY due to the availability of exclusive content like podcasts and originals. The firm noted that promotional activities like price cuts in subscriptions and bundled offers from telcos also helped promote growth.

    Here's how some of the leading services performed in 2019

    Last year, Spotify topped the charts by grabbing a 35% share of the total paid subscriptions. Apple Music, which grew 36% YoY, took the second spot by capturing a 19% share of the total subscriptions. Amazon Music settled for third place with its subscriptions reaching a 15% share last year, recording an impressive 50% annual growth. YouTube Music managed 6% of the total subscribers.

    Gaana continues to lead in the Indian market

    Talking of country-wise growth, Gaana continues to lead in the Indian market. Tencent Music Group, with popular apps like QQ Music, Kugou and Kuwo, tops the Chinese market. In Russia, Yandex takes the number one spot.

    Music subscriptions to 'exceed 450 million' by 2020-end

    Counterpoint expects online music streaming subscriptions "to grow more than 25% YoY to exceed 450 million subscriptions by the end of 2020." The market research firm also noted that the impact of the COVID-19 pandemic will also bring a small increase in the OTT industry as millions of users move away from music streaming to news channels and podcasts for the latest updates.

    Share this timeline
    Facebook
    Whatsapp
    Twitter
    Linkedin
    Spotify
    Apple Music
    Amazon Prime Music
    Gaana

    Spotify

    OnePlus TV users get 3-month JioSaavn Pro Subscription for free OnePlus
    #BugAlert: Spotify playing Google Clock alarm even after dismissing Google
    Here's how to create a Spotify playlist for your pet Lifestyle
    TikTok's owner takes on Spotify, tests new music streaming service Apple

    Apple Music

    Apple releases iOS 13.4, iPadOS 13.4 updates: Check new features Apple
    Sony's new Walkman costs more than a premium smartphone India
    Get Apple Music free for six months (not in India) Apple
    Now, TikTok's owner is planning to kill Spotify: Here's how Spotify

    Amazon Prime Music

    How Spotify compares to other music streaming services in India India
    JioSaavn v/s Amazon Music: Which is ideal for music streaming? JioSaavn
    BSNL offers free 1-year Amazon Prime subscription: All details here Bharti Airtel
    Amazon Prime Music officially comes to India India

    Gaana

    Now, Airtel ventures into video with free 'Wynk Tube' service Bharti Airtel
    Gaana crosses 100 million listener mark, ventures into video content India
    JioSaavn, Gaana reduce subscription prices as Spotify, YouTube-Music enter India Youtube Music Premium
    Ahead of launch, Google Home speakers get Gaana, Saavn integration Reddit

    Love Business News?

    Subscribe to stay updated.

    Business Thumbnail
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2023