The second most popular music streaming service is Apple Music.
Tencent Music and Amazon Music each have a 13% market share.
San Francisco: As per a new report, Apple Music, based in Cupertino, accounts for 15% of the worldwide music streaming market, trailing streaming powerhouse Spotify, which has more than 30%.
Apple caters to 15% of the almost 524 million global listeners, according to new research from MIDiA, writes AppleInsider.
According to the report, the streaming service Spotify maintains its lead with a 31% market share in 2021, down from 33% in 2020.
According to the report, Amazon Music and Tencent Music each have a 13% market share, while YouTube Music accounts for 8% of global subscriptions.
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According to the report, the global population will have increased by 109.5 million people, or nearly 26% year on year, by the end of the second quarter of 2021.
Global streaming is on the rise, thanks in part to COVID-19's boredom. When compared to 2019, on-demand music streaming services such as Apple Music and Spotify grew 16.2 per cent globally in 2020.