Streaming to grow to 95% of mobile music market by 2022

Friday 30 September 2016 | 09:19 CET | News
Streaming services are set to increase their share of the total mobile music market from 76 percent in 2015 to 95 percent in 2022, while the number of users will more than double to reach 950 million, according to a report from Strategy Analytics. In terms of value, the market is set to be worth USD 12 billion a year by 2022, compared to USD 4.6 billion in 2015, with paid subscriptions growing from USD 2.8 billion to USD 9.5 billion. The popularity of mobile streaming is being driven by increasing consumer demand for anywhere and anytime access to millions of tracks via services such as Apple

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Apple / Google / Spotify / Strategy Analytics / YouTube
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Latin America premium online music subsscribers surge to 11.2 mln

Published 31 Aug 2017 14:06 CET | Latin America
The number of paid streaming music accounts in Latin America soared to 11.2 million at the end of the second quarter, up from 6.1 ...

Apple negotiates cut in royalties on music services - report

Published 22 Jun 2017 09:20 CET | World
Apple is seeking to reduce record labels' share of revenue from streaming, people familiar with the matter told Bloomberg. The ...

Spotify: market leader through innovation

Published 19 Apr 2017 16:17 CET | Netherlands
Spotify is the world leader in streaming music, at least if we leave out YouTube and look only at paid services. Its success can ...

Spotify paid subs to get earlier access to Universal albums

Published 05 Apr 2017 10:54 CET | World
Spotify and Universal Music Group (UMG) entered into a new, multi-year global licence agreement. Under the agreement, the ...

Google announces smarter music streaming service

Published 14 Nov 2016 10:35 CET | World
Google has revamped its Google Play Music service, using the company's machine learning systems to offer a redesigned UI with ...

Spotify UK revenues up 18% to GBP 159 mln in 2015

Published 14 Oct 2016 14:16 CET | United Kingdom
Music streaming service Spotify saw total UK revenues increase by 18 percent in 2015 to GBP 159 million, from GBP 187.2 million a ...

Pandora launches USD 4.99/mth service with offline streaming

Published 16 Sep 2016 09:25 CET | World
Digital music provider Pandora has updated its services, launching Pandora Plus, a rebranded and enhanced version of its premium ...

Four out of 10 German internet users stream music

Published 03 Aug 2016 10:07 CET | Germany
A total of 39 percent of German internet users over the age of 14 use music streaming services, according to a recent Bitkom ...

Italian digital music sales overtake physical format - study

Published 21 Jul 2016 15:12 CET | Italy
Sales of music as digital files exceeded those of physical formats, essentially CDs, for the first time in Italy during the first ...

Over third of Dutch use cloud storage services

Published 12 Jul 2016 11:17 CET | Europe
Over a third of the Dutch (36%) used a cloud-based service in 2015, putting the country fourth in the EU, according to research ...

Pandora, Music Reports reach rights management deal

Published 08 Jun 2016 13:50 CET | World
Digital music service Pandora has announced an agreement with rights administrator Music Reports to use the latter company's ...

US streaming revenues pass USD 2 bln for first time - RIAA

Published 23 Mar 2016 09:45 CET | United States
The US recorded music industry reported overall revenues in 2015 up 0.9 percent to USD 7.0 billion (estimated retail value), with ...