From 2018 onwards, streaming music growth will lessen each year, falling from 29% in 2018 to 7% in 2026. The slowdown in revenue growth reflects the maturation of developed streaming markets such as the US, UK, Sweden, Netherlands and Australia.
via Media Research
On-demand audio streams have reached more than 184 billion so far in 2017, that’s a considerable 62.4% increase over the same period last year, according to Nielsen’s U.S. Music Mid-Year 2017 Report.
RIAA’s 2015 year-end music sales & shipments report is now published with a unique and comprehensive look at the state of the U.S. music business. A quick snapshot reveals that streaming, now the largest revenue-generator for the industry, helped grow the overall business by just shy of 1% year-over-year.
IDATE estimates the global content industries market reached 145.5 billion EUR in 2014. On a global scale, 41.2% of revenues came from dematerialized digital channels — nearly twice the results of 2011.
Recorded music is the most mature segment of mobile entertainment. Given the current spread across competing platforms, it’s clear that online digital distribution is now the core of that industry. And, when offered a choice, fewer people will opt to own copies of music recordings.
American music streaming service revenues increased by 29% last year to reach $1.87 billion, accounting for more than one-quarter of total industry revenues. Growth was at the expense of both digital downloads and physical media revenues.