For any app to be successful, it must provide convenience. Music streaming apps are no different. They provide people with music, and that has helped it grow to enormous proportions. Here are some statistics:
In the global music streaming market, the average revenue per user is about $26.
The market is expected to exceed $10 billion by 2023.
Spotify, one of the leading music streaming apps, has 36% of the market.
According to an Apple report, 60 million users pay for an Apple Music subscription.
The future is in music streaming apps. People want to pay for the right set of services. In order for you to compete with music streaming giants like Spotify and Pandora, it’s important to prepare your game plan before you go into business. These platforms are five years old and have a huge user base. To become what they are now, you need to use modern technology such as machine learning and artificial intelligence to make the experience more useful.
Also, as trends change and new useful technologies emerge, you’ll need to think about how they can change your business life. For music streaming apps, it’s important that they provide the right offerings, such as relevant artists, tracks and albums. Using modern technology and futuristic investments in machine learning and artificial intelligence solutions can help you learn more about your users.
In short, there are some things on smaller and larger levels that you need to address and implement to make your mobile app experience that much better. Let’s start with a discussion of the market leader and move on to the important steps of building a music streaming app.