Apple Music, Spotify And Others Projected To Generate $26 Billion In 2022 – Spotify, Apple Music, and other music streaming services are expected to produce up to $26.61 billion in revenue in 2022, according to a new StockApps analysis StockApps attributed the increase to the fact that streaming services were now the most preferred way to listen to music in a study published on Thursday.
The projected increase in revenue is a 13.83% increase over the $23.29 billion in sales realized in 2021.
StockApp also disclosed that by 2026, the streaming sector’s income will have risen to $36.34 billion.
According to the survey, just 9.4% of households are likely to use music streaming in 2022, and that number is predicted to rise to 12.2% by 2026.
In 2017, the music streaming industry generated over $10.59 billion. From the $10.59 billion in income made in 2017, the anticipated revenue for 2026 will climb by 243%.