The US music alive bazaar has been adverse a amazing advance back 2015, both in agreement of acceptance and revenues. From a about baby $2 billion bazaar amount bristles years ago – mainly bedeviled by Spotify and Pandora at that time – the US music industry has about quintupled to ability added than $10 billion in 2020, demography both cable revenues and announcement revenues into account.
Despite this fast-paced growth, actual few new entrants accept managed to defended a cogent allotment of the market. In fact, amid the all-embracing 20 above casework currently operating in the US, added than 15 were already able-bodied implemented in their articulation bristles years ago.
What has afflicted badly about is the advance activating amid exceptional and freemium offers: over the aftermost three years, the cardinal of exceptional subscribers in the US grew about bristles time faster than the cardinal of freemium account alive users.
At the end of 2020, the above actors on the cable bazaar were Spotify, Angel Music and Amazon Music, while Pandora remained the acknowledged ascendant amateur on the freemium market.
Dataxis diversifies its intelligence offers in 2021 with new bazaar research. Actuality is a examination of our new agenda audio intelligence service, with an overview of the music alive mural in Arctic America.
In the abutting weeks, added abstracts on European and African music markets will be appear in Dataxis' database.
These capacity will additionally be discussed during the Abutting Audio appointment in June, committed to the innovations in the agenda audio industry.