Right from walkmans to Spotify, the music industry has experienced revolutionary growth with people’s demand. The smartphone has transformed almost every sector into the digital world. Nowadays, music streaming apps like Spotify, Apple Music, and Pandora are famous among people. Still, there is room for many apps to come into play in this industry. Music streaming market statistics and facts By 2025, the music streaming market revenue is projected to show a growth rate of 9.69%, with a market volume of US $33,372 million. Some more interesting facts are as follows. The music streaming market generates revenue of $11.4 billion globally, which is 28 times more recorded a decade ago. There are 186.7 million active music app users in the United States of America according to Statista. According to Digital Market Outlook, it is estimated that the number of music app users might reach 933.2 million by 2025. The number of music streaming app subscribers reached 305 million reported at the
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