![]() This creates a lot of potential for those with revolutionary ideas to put them into action. An example of this is MelodyVR, which offers a wide range of live shows that can be experienced through VR headsets. Other important market players include: Apple Music, Amazon Music, Tencent Music, YouTube Music, NetEase, Deezer and Yandex.įurthermore, modern technologies such as 5G streaming, VR, AR, AI, and more are being integrated into popular streaming app services. ![]() Spotify is the undoubted market leader among the music streaming services. Music streaming apps are thus a great option for those who want to take advantage of a constantly growing market. According to research, more than 14% of people use music streaming apps multiple times a day, and the market is only expected to grow, with a CAGR of 14.7% between 20. Music streaming is becoming an increasingly popular and rapidly expanding industry in the entertainment sector, with a bright future ahead. Are media streaming apps a good investment? In this article, we'll help you understand how to design and launch your own music service like Spotify. You'll also need to take care of licensing as well as picking the relevant platform, technology, and functionalities to ensure your music streaming service is successful. If you're looking to create a Spotify alternative, you’ll have a number of key features to consider. People are drawn to such streaming services because of the convenience and value they provide. Spotify is one of those great streaming applications that lets you access music with just a click of a button, offering a wide range of music either for free or for a small fee.
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