An overview of global audio streaming platforms by consumption and penetration in 2018.
- Over one-third of global internet users have used the YouTube platform to stream audio.
- Deezer has edged ahead of competitors, with nearly two hours of daily average consumption.
- Spotify recorded the largest year-on-year growth in users, at 5%.
Likewise, despite Deezer taking first place for daily consumption (with listening on the platform close to two hours per day in 2018), it recorded the third lowest penetration at 5%. Spotify recorded the second highest reach, at one-fifth, and the largest user growth rate, at 5% above 2017 levels. Although Pandora registered the lowest global reach at 3%, it is currently only available in the US.
Music streaming, particularly on mobile, is an area of growing importance for consumers, accounting for nearly 20% of online time in 2018. For advertisers, targeting capabilities are core to the growth in digital audio adspend. Rising consumption of podcasts and penetration of smart speakers is only likely to further this growth.
This article first appeared in www.warc.com
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