Over 616 million people use music streaming to listen to music.How did streaming affect the music industry?.What’s the expected growth by the end of 2027?.How much money does the music streaming industry generate yearly?.Music Streaming Industry Statistics (Revenue and Market Share) Sound quality (56%) and price (56%) are the most important streaming service features. Drake is the most-streamed artist of the entire decade.The most streamed music genre in US is R&B/hip hop.Spotify is #1 with 187.8 million paying subscribers and 31% market share.Generation Z is most likely to stream music.Almost a 3rd of all music engagement is streamed.2.74 trillion songs were streamed globally in 2021.78% of people listen to music via streaming service.Ad-supported music streaming brings similar revenue to physical sales, around $5 billion.Music streaming represents 65% of global and 84% of US total music industry revenue.$36.34 billion revenue is the music streaming 2026 estimate.Music streaming generates almost $17 billion revenue per year.There are 90 million or 17.6% more subscribers to music streaming services compared to last year.The music streaming industry has more than 616 million users worldwide.
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