New Study Reveals Just How Popular Music Streaming Has Become

The IFPI has launched its annual music shopper perception report and this 12 months’s findings dig deep. Not solely does the group expose statistics that result in a greater understanding the business, it attracts connections about how music is consumed and skilled immediately.

Perhaps essentially the most discovering all, the IFPI reveals: Music is an integral half our lives. In 2018, we take heed to music for 17.eight hours per week on common. Most the listening occurs within the automobile.

Next up: Streaming is just about ubiquitous. An spectacular 86% folks pay attention by means of on-demand streaming, akin to Spotify, Apple Music or YouTube. Young music shoppers are essentially the most engaged streamers, as 57% listeners ages 16 – 24 pay for subscriptions.

Consumers are participating with their native music genres. Japan listens to extra J-Pop. France listens to extra Variété Française. Brazil listens to música fashionable brasileira. It’s not listed right here, however we will wager Detroit is listening to techno and Chicago is listening to accommodate on the common.

High-growth music markets are seeing excessive ranges licensed engagement. Consumers in China and India take heed to licensed music essentially the most at 96%.

User add companies proceed to dominate consumption. Most persons are listening to music YouTube — about half. This means much less streaming subscriptions are bought, as a result of “something they wish to take heed to is on YouTube.”

Unfortunately: Copyright infringement stays a major concern. More than 1/three shoppers admit they eat by means of infringing strategies. We elaborate extra on this .

In the ficial press launch, CEO IFPI Frances Moore concludes the findings:

This 12 months’s Music Consumer Insight Report tells the story how recorded music is woven into the lives followers all over the world. As it turns into more and more accessible, it continues to be embraced throughout codecs, genres and applied sciences.

Record firms are working with their companions to maintain and develop these wealthy and numerous methods during which music is being loved, making certain that it continues on its thrilling journey all over the world.

However, this report additionally exhibits the challenges the music group continues to face – each within the type the evolving menace digital copyright infringement in addition to within the failure to attain truthful compensation from some user-upload companies. Policymakers across the globe have been scrutinizing these points and more and more performing to handle them.

Read IFPI’s 2018 music shopper perception report for a full understanding.