In this article, we’ll discuss the 5 most popular music streaming services. If you want to read our detailed analysis of the music industry and recent trends, then go and check out the 15 Most Popular Music Streaming Services.
5. Tencent Music
Average Number of Users: 80.2 Million
Tencent Music Entertainment Group (NYSE:TME) is another most popular music streaming service in China. It operates popular apps like QQ Music, Kugou, Kuwo, and WeSing. Notably, Tencent Music Entertainment Group (NYSE:TME) witnessed a substantial 34% increase in revenue from music subscriptions in Q1 2023. The platform offers a comprehensive music experience by integrating social interactions and fostering user engagement through sharing, liking, commenting, and virtual gifting features. The evident popularity of Tencent Music Entertainment Group (NYSE:TME) is reflected in its substantial user base and consistent revenue growth.
4. Amazon Music
Average Number of Users: 82.2 Million
Amazon Music is a music streaming platform and online music store operated by Amazon, recorded a substantial user base of 82.2 million. The platform’s streaming music catalog is easily accessible through various avenues, such as the Amazon.com web player using HTML DRM extensions or dedicated player apps for macOS, iOS, Windows, Android, FireOS, Alexa devices, and select automobiles and smart TVs. Additionally, Amazon offers a purchasable music catalog that users can access via the Amazon.com website by searching for specific artists or titles or through an embedded store found in many of the player apps. While Amazon Music continues to flourish, it follows behind Spotify Technology S.A. (NYSE:SPOT) and Apple Inc. (NASDAQ:APPL) Music in terms of overall users.
3. Apple Music
Average Number of Users 88 Million
Apple Music, developed by Apple Inc., stands as a music streaming service providing its users with access to an extensive collection of over 100 million on-demand songs. The platform distinguishes itself by offering expert-curated playlists and 24-hour Internet radio stations, reaching listeners in more than 200 countries. Rapidly gaining popularity, Apple Music achieved the remarkable milestone of surpassing 10 million subscribers within a mere six months of its launch. The service boasted 88 million subscribers and a streaming catalog of 100 million songs. While trailing behind Spotify in terms of overall users, Apple Music proudly holds the title of the largest music streaming service in the United States.
2. NetEase Cloud Music
Average Number of Users: 189 Million
NetEase Cloud Music is a Chinese music streaming service. It provides a vast array of music content to its users. It has over 189 million active users since its launch in April 2013. As one of the major competitors in the Chinese music streaming industry, NetEase Cloud Music primarily contends with Tencent’s QQ Music. The platform follows a freemium business model, offering basic services for free while providing enhanced features through subscription options. Notably, NetEase Cloud Music’s popularity thrives among music enthusiasts who appreciate its diverse content, encompassing exclusive music releases and personalized playlists.
1. Spotify
Average Number of Users: 515 million
In 2022, Spotify Technology S.A. (NYSE:SPOT) emerged as a highly popular music streaming service, with an impressive 180 million subscribers and attracting a massive user base of 515 million active users. Spotify Technology S.A. (NYSE:SPOT) Operates in 184 markets and offers access to an extensive library of 82 million tracks. This is how it solidifies its dominance with a remarkable 31% market share in the music streaming industry. As the most favored streaming service in terms of subscribers, it captured the loyalty of 30.5% of music streaming subscribers worldwide during the second quarter of the same year. With its vast user base and expansive collection of music, Spotify remains a top choice for music enthusiasts worldwide.
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