Finest Way to Generate Millions in this Pandemic - Music Streaming Apps

Music is the only language that is understandable across the globe. As everyone loves it and needs it, how much demand will it have?

Morever Pandemic pushed us to stay in our home and let us no options other than smartphones, tv & other gadgets. During this video streaming apps got a great boost. But not everyone noticed that music streaming apps also registered a significant downloads in the app store. This makes several entrepreneurs to turn towards music streaming app development.

What is Music Streaming Apps?

Music Streaming Apps is an application that provides users with access to millions of songs, videos and other content from artists all over the world. The access to songs are available for both free and premium(i.e Fee) to the users

Demand is in Peak

According to Statista, Music Streaming Market Revenue is expected to show an annual growth rate (CAGR 2021-2025) of 9.69%, resulting in a projected market volume of US$33,372m by 2025.

The number of music streaming subscribers worldwide amounted to 400 million, up from just under 305 million at the end of the first half of 2019.

In 2019, music streaming revenue hit 11.4 billion U.S. dollars worldwide, more than 28 times the figure recorded a decade ago.

By the end of 2025, music streaming revenue is Projected to reach $33.3 Billion.

How can you build Your Music Streaming App?

If you decided to become a billionaire by creating brand new music streaming app, better get connect with a reputed music streaming app development company who can deliver your thougts into an real app. Find out who is best in market and ingect your idea to them and make it happen.

Music Streaming App Licensing Requirements

The first and foremost step in building the Audio streaming App is getting a license. To Build a Music Streaming App you need to get a license first. This is legal difficulty that every individual who plans to build the music streaming app faces. Every country has its own regulations and rules. If you need to start your own music streaming app you need to meet the requirements and apply for a license.

For Example If you wish to start your Music Streaming App around United States you should apply for license with American Society of Composers, Authors, and Publishers (ASCAP) and Broadcast Music Incorporated (BMI)

If you wish to start your service in European Country then you should apply for a license with European Stage Authors and Composers (SESAC).

Likewise in India you should get a license from Phonographic Performance Ltd. (PPL)

So it is necessary to get a license based on the regulations of the country you are choosing.

Popular Music Streaming Apps

There are a lot of music streaming apps available in the market and more numbers are entering the market with huge expectations. Every music streaming giant today was once fresh to the market. It is how they projected them and made a mark. Here are the popular Music Streaming Apps that made a stand out,

Spotify

Apple Music

Pandora

Tidal

SoundCloud Go

YouTube Music

Google Play Music

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