Global Online Music Streaming Revenues to Reach US$24 Billion by End of 2019

Global online music streaming revenues grew 18% year-on-year (YoY) to cross US$11 billion in the first half of 2019, according to the latest findings from Counterpoint Research. Spotify, the market leader in online music streaming, had a 32% year-on-year growth in paid subscriptions during 1H 2019. Apple and YouTube Music are very aggressive and are going to disrupt the regionally segmented market.