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Apple Music is second most used music streaming service: Report

Cupertino-based tech giant Apple Music accounts for 15 percent of the global music streaming market, still falling behind streaming giant Spotify, which holds more than 30 percent, says a new report.

According to new research by MIDiA, Apple caters to 15 percent of the nearly 524 million global listeners, reports AppleInsider.

Spotify remains in the top spot with a 31 percent share in 2021, though the streaming service is down from 33 percent in 2020, the report said.

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Amazon Music and Tencent Music each take a 13 percent market share, while YouTube Music accounts for 8 percent of global subscriptions, it added.

The report points out that the global base has grown by 109.5 million by the end of the second quarter of 2021, or roughly over 26 percent year-over-year.

Global streaming is up, largely spurred by Covid-19 boredom. In 2020, on-demand audio streaming services like Apple Music and Spotify saw growth of 16.2 percent globally over 2019.

 

 

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