For the First Time Ever, Annual Music Streams Top 1 Trillion — In the US Alone

December 2

  According to Luminate, a data firm that powers the Billboard charts, music streaming in the US alone surpassed one trillion streams in 2022. The top five songs in the US were:
  1. "As It Was" by Harry Styles
  2. "Heat Waves" by Glass Animals
  3. "Wait For U" by Future
  4. "Super Gremlin" by Kodak Black
  5. "Me Porto Bonito" by Bad Bunny and Chencho Corleone

Music streaming has disrupted illegal distribution, but analysts warn that anti-consumer behavior, like too many exclusives, may lead to piracy becoming more appealing. The market size of music streaming increased to $30.33 billion in 2022, with a total of 776.2 million users, and is expected to reach a total market size of $43.63 billion in 2027 with an overall increase to 1,083.1 million users.

Streaming services like Spotify, Amazon Music, Apple Music, and YouTube Music are focusing on different strategies to attract users. Amazon Music has focused heavily on attracting the demographic that listens primarily to country music to its services. At the same time, Apple Music and YouTube Music focus on getting platform users on their bundled (Apple One vs. Google One) products.