If you’ve landed on this article page, you’re probably searching for a
good business idea—an idea that’s light on the pocket but heavy on
returns, promising both a fulfilling journey and potential profit.
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How to lunch your Music Streaming Service in Nigeria
Music means different things to different people. While some may
tune into Afro Music, Hiphop,
rock, others want a comforting rendition. So, no matter
how many years pass, good music is always in demand. And the
best part is that the music industry keeps adapting itself to
the evolving technologies, user preferences, and listening
habits.
Music streaming is one such new-age innovation where tens of
thousands of songs can be listened to from a single platform.
Listening to songs on the Internet isn’t something new, yet to
have access to such a large music library that includes tracks
from all over the world combining different genres is something
entirely apart. So, by creating a music streaming app, not only
are you going to venture into a successful biz but also bring
the world closer to your listeners.
Nowadays, streaming is everywhere. The appearance of music
streaming app development has changed the type and volume of
media we consume and brought brand-new business models to the
market. As mobile phones and high-speed internet have started to
gain popularity, music streaming applications have become one of
the fastest-developing sectors in this industry. Despite the
high level of competition in the field of music streaming app
development, there is still much room for another great music
streaming app.
Build a music streaming app: Technology has opened doors to
fresh and trending music from industry veterans and independent
artists alike. The total revenue from the music streaming sector
is all set to surpass $40 million by the end of 2026 and is only
expected to grow further in the coming years. The market for
music streaming is comparatively large in the US, however, there
is great potential for this segment in other countries as well
with the user penetration forecasted to be more than 11% by
2028. So, it is high time for venture capitalists, investors,
and content owners to step into create a music streaming app
like Spotify without a second thought.
Every smartphone today
has a music app, which gives access to millions of songs. But
just 20 years ago we could only buy a specific song or album
from an artist. Although we just wanted to listen to them, not
necessarily possess them. Music streaming services changed the
culture of listening to music, broke down all frontiers and made
access to all kinds of music easier than ever before.
Before we dive into the technicalities of starting your first
music streaming service, it is wise to draw inspiration from
some of the market leaders who’ve already made it big in the
industry.
Spotify has the highest market share — almost a third (31.7%).
It was launched in 2006 and quickly took users away from
alternative music stream services, for example, from iTunes, a
pioneer in the world of official digital music. But Spotify was
one of the first to use this business model and created a music
streaming app in the form in which it exists now. Nowadays, it
boasts 626 million monthly active users, 246 million of whom pay
for a subscription. Spotify’s current catalog includes more than
100 million songs.
The second big player of the global music streaming market is
Apple Music. Apple lost out to Spotify because the company
refused to believe that the future of the music industry was
behind streaming, focusing on selling music in iTunes. But in
2015, they had to admit their mistake and released Apple Music
that has 12.6% market share now and 93 million subscribers. The
collection of records available to stream has exceeded over 100
million.
Amazon Music that was launched in 2007 now has 11.1% share of
the global music streaming market, more than 82.2 million
subscriptions, and 100 million songs users can stream.
Features To Include In Your Music Streaming App For Users
1
User registration/ sign-in
A less complicated registration process attracts a lot of
users to sign-up on your music app. Provide different sign-in
options like social media logins, phone number, and email ids
for authentication.
2
User-friendly music player
The most vital aspect of any streaming platform is a
user-friendly music player that allows the listener to play,
fast forward, rewind, and stop the song.
3
Easy music discovery
Easy and quick search options to help your listeners find
the track or album they are looking for is a definite feature to
be included.
4
Music organizing You can allow your listeners to create
their own playlists. Most users find this feature extremely
attractive as they get to listen to their personalized album and
not keep skipping one song after the other until they find their
favorite one.
5
Offer recommendations
Recommending your listeners with song and podcast
suggestions is the best way to keep them glued to your platform
for long periods.
6
Enable social sharing options
This is the age of social media! Integrate social sharing
buttons on your platform for listeners to recommend a song or an
album to their peers on FB, Instagram, and other mediums.
The costs of music app development depend on its complexity,
tech stack, and desired level of customization. The, the
estimated cost of a music app like Spotify is around $70 000 for
a full cycle of development.
Building a music streaming app like Spotify is a challenging yet
rewarding task. To build an app like Spotify, you need to focus
on interactive user experience, personalization, and
accessibility and incorporate key features as per user’s need.
Get our Practical training guide on how you can set up your own
streaming service. In this comprehensive guide, we will explore
why music streaming apps are buzzing. You will also get a
complete roadmap to create your own music streaming app like
Spotify.
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