Technical innovations occur constantly and users are habitual of adapting newer, easier and more useful things and thus newer innovations proves that they are somewhere better than the older ones. The newest trend in the audio industry that washed away others like storm is music streaming.
With the help of graphs given below, you will be able to understand the trend of music industry in the recent and upcoming years. Report published on digitalmusicnews.com clearly shows that paid music download is slowly becoming a matter of past and the industry is now dominated by music streaming.
This graph is a representation of trend of paid music downloads from the years 2005 to 2021. Music downloads started rising constantly from the year 2005, reached its peak or used the most by music lovers in 2012. But, then its downfall started from the year 2013 and it is continuous since then. It is estimated that by the year 2021, music downloads have almost come to an end.
Music streaming has some significant benefits such as easy anytime access to music, unlimited storage, no need to carry extra memory cards, affordable services and access to unlimited choices of albums, these are making streaming services a delight for music lovers.
According to the survey of digitalmusicnews.com, the market of music downloading has seen a major downfall of 23.4 percent in the past two years alone, and number of music streams have doubled alone in the U.S. This shows how fast people are shifting to this new medium of accessing music.
New entrants in the streaming business are making this market more competitive and thus giving more options to the listeners to listen to their favorite tunes on a suitable service and price. Companies are even not hesitating in joining hands together for offering the best to listeners, and for their own good as well. Recently, Amazon has made an announcement that Amazon’s Prime music will now be accessible from HEOS wireless multiroom sound system. This will double up the expertise and experience of two giants of music industry.
This real time playback has the capability to stream high quality audio to serve the listeners with the best, with just an internet connection. And, as the trend of music streaming is increasing, simultaneously, the trend of wireless streaming speakers is also increasing and they are taking the place of traditional music systems, with features like more portable, affordable and better sound quality. It’s time to upgrade your music system as well with wireless streaming speakers from brands like HEOS etc. So, keep on enjoying the best of music with music streaming.