Spotify dominates the music streaming market, Apple Music is far ahead -Techweu

According to a report by MIDIA Research, the music streaming market continues to grow, with Spotify still leading the way with a significant market share of 31%. The data covering the second quarter of last year is a bit old, but the report wasn’t made public until recently.

Spotify dominates music streaming market in Q2 2021, Apple Music takes second place

In second place is Apple’s streaming service with a 15% market share, followed by Amazon Music with a 13% market share. The latter is tied for third place with Tencent Music, while Google’s YouTube Music only has an 8% share. However, the report states that it is the fastest growing service in the industry.

But with the numbers growing fast, everyone is a winner in some way. The overall market grew 26.4% year over year, with 523.9 million subscriptions worldwide. This resulted in a slight decline in Spotify’s share in the second quarter of 2021 compared to 34% in 2019 and 33% in 2020.

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