Emerging Markets: The Next Big Opportunity For Music Streaming Services

human with headphones to illustrate music streaming services

Music streaming could be the miracle response for labels and music companies in the piracy-ridden emerging markets. According to a MIDia report, the price of music streaming is dropping and the total number of music streaming subscribers is set to keep growing, forecast to reach 221.5 million globally by 2020. Emerging economies will play a important role in this growth. Though music streaming is not limited to mobile phones, the increasing ownership of smartphones across regions beyond developed economies that presents significant opportunities for music streaming services. As people in emerging…

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