Without a doubt, mobile apps have had a significant impact on our lives. Spotify, Pandora, and other music app development have long cemented their place in our lives. Music streaming app development services have completed the task in less time, generating revenue for businesses and providing entertainment for all of us.
This post is for you if you want to learn more about music streaming apps or make your own. We’ll go through music streaming market numbers, revenue tactics for song streaming apps, and how to create a Spotify-like music app below.
Read on!
What is a Spotify Streaming App?
In a short, Spotify is a video and music streaming service that lets users search for any song, artist, album, or genre. Users may share their favourite tracks, add them to playlists, and even collaborate on compilations with their friends.
In October of 2008, the Spotify streaming app was released. The concept was conceived by two friends, Daniel Ek and Martin Lorentzon, while sitting in a completely empty flat in Stockholm, Sweden. It gives you access to all of the world’s music, wherever and at any time.
Spotify is the most well-known music app, having pioneered the music-streaming business. The app boasts 109 million monthly active users and 232 million premium members. If you are wondering how to make a music app like Spotify – read on to know.
Also Read: – Benefits & Reasons To Invest In Music Streaming App Like Soundcloud and Spotify!
Music Streaming App Market – Present and Future
The music streaming app category has been a big contributor to the app economy, with music apps becoming one of the most popular categories in terms of user engagement year after year.
Furthermore, individuals all across the world are using their mobile devices to do almost everything. Phone calls account for only a small portion of the time spent on cell phones.
But there is more!
- The global music streaming business is continuously expanding, with 2.81 billion global subscribers predicted by the end of 2025.
- Revenue is predicted to grow at a 12.7 percent annual rate (CAGR 2018-2022), resulting in a market share of US$1371.1 million in 2021.
- In 2017, user penetration was 26.0 percent, with a forecast of 29.4 percent in 2021.
- Currently, the average revenue per user (ARPU) is US$6.50.
- According to Statista, 14 percent of the population uses paid music streaming services many times a day, with the market anticipated to reach $17.50 billion by 2025.
Features of Music Streaming Mobile App Like Spotify
Registration/Login: This is the page to which the user should be forwarded after installing this freemium software. The user should be able to register in the app using basic information such as name, country, age, phone number, and a profile image, however this is optional.
Playlists: What could be better than collaborating with your mobile app development firm to provide your listeners with a platform where they can save all of their favourite tunes in one location, organised by mood?
Offline Mode: You provide your audience the opportunity to listen to songs on the move without relying on an internet connection with this function. Offline mode caches audio data from the song using the device’s local storage. It is also one of the most important Benefits to develop music streaming app Like Spotify.
Captive UX UI: We provide engaging UX/UI designs to make your music streaming software look attractive and engaging. We make it a point that your audience likes the experience of exploring the songs from the application and finding their favourite songs quickly with amazing aesthetics and easy navigation. You can go for Flutter Development for iOS and Android app.
Push notifications:For a social community centred on follow-ups and disseminating content, push notification is a critical function. People want news from their favourite sources; that’s how it works these days – people want personalised benefits from your service.
Share and stay social: Allow users to follow their favourite musicians so they can be notified when new albums or singles are released. The App Developer can also make users follow their friends and share the playlist with them individually or in groups, which is a more advanced and sophisticated feature.
How to Make Money with a Spotify Like App
Premium accounts and ad revenue are the two main ways that music streaming services, such as Spotify, make money. Let’s take a look at how Spotify employs these tactics.
Premium Services
The premium Spotify account provides users with free access to unlimited music across other devices. Besides, the app allows the temporary downloading of songs for offline access and plays the highest quality music.
There are a variety of paid options available, including:
- The monthly cost of the student plan is $4.99.
- $9.99 per month for a regular account.
- $14.99 per month for a family account.
Ad-supported Services
A free account allows users to listen to a limited number of songs on demand, which may be interrupted by an advertisement. Spotify charges advertising a cost-per-click and cost-per-mile fee utilising this business model.
Cost of Music Streaming App Development
The answer to the question, “How much does it cost to make a music app like Spotify?” can be found by looking at a variety of factors such as the features that will be included in music streaming apps, the platforms on which they will be launched, and, finally, the area where your music streaming app development company is located.
All of these variables are then converted into hours, which are then allotted to the development of each unique app feature, resulting in a cost estimate for the entire development of music streaming app services.
Also Read: – How Much Does iOS App Development Cost in the USA? | ThinkStart!
Conclusion –
Music streaming apps like Spotify are becoming more popular as people become more reliant on technology and mobile devices for all of their requirements. We have a team of mobile app developers at ThinkStart Pvt Ltd , a top mobile app development company; who can assist you in entering the market with a highly engaging and user-friendly application that not only performs correctly but also works correctly.
Partner up with us to develop your next app together – [email protected].
