Imagine a businessman named “Charles” who’s a guy born and brought up in the early 1990s where he had music CDs and vinyl (analog recording) at home. His time off has always been spent listening to music, which helped him cope up with work tension a lot. Once the smartphones have come up, Charles would download his favorite songs from the Internet and hear whenever he wants. Still, Charles faced regular storage problems. To his rescue, cloud-based music streaming applications have come up during the early 2010s that allowed Charles to stream music whenever he wants. So, in this article, we look at the potential of the music streaming app market, the benefits of developing a Spotify clone app, and so on.
Potential of Music Streaming App market – Spotify clone app
Music lovers are no longer waiting at CD/DVD stores to purchase and hear their favorite tracks. But they are still hearing & dancing to their favorite soundtrack without having to leave their homes, courtesy of on-demand music streaming applications.
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Industry players like Napster, Soundcloud, and Spotify clone app have changed the complexion of the music streaming market over the years. Let’s have a look at the current state of the market;
- The global music streaming market, which is at USD 25 billion now (2020), is anticipated to generate USD 65 billion in revenue by 2025. (Source: businesswire.com)
- The reason specified is, its easy accessibility might help gain traction from Internet users.
- Moreover, the sound quality also seems to be an advantage of music streaming apps over others.
- Music streaming apps keep the users updated with new releases, curated playlists, and so on.
Easy-to-use – It lets the users navigate through the app easily from sign-up to streaming songs. With this app, users can stream music conveniently! Offline listening – Music streaming requires the Internet, yes! But the Spotify clone script lets the users download their favorite track and listen offline, without the sound quality being diminished.
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The shifting dynamics in the Smartphone world might demand more from existing music streaming businesses. Moreover, regarding the startups, keeping abreast of the latest technological advancements is crucial not only to succeed but eve to sustain in this evolving market.
Why the Spotify clone app?
Music is universally adored! So, there is always a chance for sustaining by doing something related to the music industry. And, the aforementioned statistics are concrete proof!
So now, you conceive this idea of launching music streaming business but do not know where to start? Let us run you through the benefits of choosing the Spotify clone app for your business.
- Easy-to-use – It lets the users navigate through the app easily from sign-up to streaming songs. With this app, users can stream music conveniently!
- Offline listening – Music streaming requires the Internet, yes! But the Spotify clone script lets the users download their favorite track and listen offline, without the sound quality being diminished.
- Vast music library – It presents the users with an array of choices – from International to Regional to Pop to Melody.
- Storage-free music – Since it comes with built-in cloud storage, it doesn’t take up the users’ hard drive or smartphone storage.
Upon reading the benefits of the Spotify clone app, you might think of starting a business. But it’s not that easy; however, we try to make it easy for you.
Legalities of Streaming Digital music
Let it be independent or movie album, Music is the hard work of music composers and music directors. One can’t stream the music right away without honoring the creators. The term “Honor” we used here is the act of paying royalties to rights holders, let it be the creator or publishing company.
So, how can you legally approach them?
- You can either pre-purchase the rights before streaming a song,
- Or else, you can pay the royalty from a part of revenue (almost like distribution).
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Over to you!
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Now that you are aware of market trajectory, the benefits of developing a Spotify clone app, and how to streaming business legally, it’s time to move forward. Music streaming application like Spotify clone app looks appealing to the millennial’s, that’s what will help you grow the user base. Also read on bigo live app source code
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You can wait but the market can’t wait for you! Capitalize on the demand for music streaming applications right now.