Streaming Boom Adds Fuel To Digital Music Growth

from
,

Global digital music revenues reached an all-time high of $5.9 billion last year as revenues from streaming services, both ad-supported (+17.6%) and subscription-based (+51.3%), saw strong growth that outweighed a slight decline in download sales (-2.1%).

Looking at the past five years, downloads are still up by more than 50%, however, the recent slowdown suggests that the download market may have peaked, while streaming services such as Pandora, Spotify and iTunes Radio are just taking off. Considering the slowdown in download sales, it makes perfect sense that Apple is reportedly thinking about launching an on-demand streaming service that goes beyond iTunes Radio.



Infographic: Streaming Boom Adds Fuel To Digital Music Growth | Statista Full view
Related Infographics
  • Music Industry
    Vinyl Comes Back From Near-Extinction

    This chart shows worldwide vinyl music sales since 1997.

  • Music Industry
    Music Streaming Revenues Overtake CD Sales In The U.S.

    This chart shows U.S. music industry revenues at retail value.

  • Digital Music Industry
    Digital Accounts For Nearly 70% of U.S. Music Revenues

    This chart shows the percentage of revenue the U.S. music industry generates from digital music distribution, namely downloads and streaming services.

  • Music Industry
    Streaming Boom Stifles Music Downloads

    This chart illustrates how streaming continues to grow, while things go downhill for basically every other way music distribution (except for good old vinyl).

  • Apple
    iTunes Spending Is on the Decline

    This chart shows estimated quarterly billings per user of Apple's iTunes and App Store.

More info on this topic
You may also be interested in...
Infographic Newsletter

Statista offers daily infographics about trending topics covering Media and Society.

Download & Reference

FAQ
Who may use the "Chart of the Day"?
The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista.

Which topics are covered by the "Chart of the Day"?
The Statista "Chart of the Day" currently focuses on two sectors: "Media and Technology", updated daily and featuring the latest statistics from the media, internet, telecommunications and consumer electronics industries; and "Economy and Society", , which inlcudes current data from the United States and around the world relating to economic and political issues as well as sports and entertainment.

Can Statista create customized charts?
Absolutely! For information on tailor-made and sector-specific Charts of the Day, please contact Jan Ahrens
(jan.ahrens@statista.com).